PARKGENE nominated as a finalist at Global Investment Blockchain Conference

PARKGENE is thrilled to announce that it’s global peer-to-peer (P2P) parking application over blockchain is one of the eight finalists on the worldwide Nakamoto’s Den Investment Blockchain Conference. Nakamoto’s Den is a Global Investment Blockchain Conference that will be held in Cyprus in 19th and 20th February 2019.

During those two days PARKGENE’s COO, amongst other activities of the event, will participate in the first worldwide post-ICO Battle. The eight participants will face each other directly, answering questions regarding the main aspects of their project with the aim to assess their viability and potential for success. At the same time, companies will have the opportunity to secure the funding of some of the world’s top capital firm.  All in real time!

Manos Macromallis, COO of PARKGENE, had the following comment, “It is a great honor that an established and worldwide known community recognizes PARKGENE as one of the most innovative and well-delivered platform on Blockchain. It will be a great opportunity to demonstrate our project and its developments in front of a huge crowd of blockchain investors, innovators, and educators.”

Today, the ecosystem of the PARKGENE numbers more than 67,000 unique users, using the PARKGENE P2P Parking Service and or the GENE Wallet.  The apps are available for iOS and Android devices, as well as for web browsers. Currently, PARKGENE has already cooperation and ready-to-lease with more than 18,000 parking spaces in commercial parking areas in the Attica region, Thessaloniki and is also piloting in Cyprus. In addition to Greece and Cyprus, our application records more than 6 million commercial parking spaces in 8,000 cities worldwide.

PARKGENE Integration with EXCELON Fintech

We are happy to announce that PARKGENE has come to an important agreement with its affiliate Fintech venture Excelon.

The terms of the agreement are the following:

    Excelon will accept GENE Tokens as a fully traded utility token into its wallet and exchange, making it easy for everyone who is interested in GENE Tokens to buy, hold and sell them directly from the Excelon wallet and exchange. Furthermore it will help all parking owners to exchange GENEs for Euro instantly, taking away a big obstacle from PARKGENE’s commercial rollout.
    Excelon will offer Excelon prepaid premium mastercards at a 50% discount to users who pay with GENE Tokens. The number of GENEs required to buy an Excelon prepaid premium mastercard will be calculated in real time based on the current market price. This discount is given exclusively to GENE token holders and not to any other currency (Euro, BTC, ETH). PARKGENE will release the “BUY A MASTERCARD WITH GENE” functionality in the next 2 weeks so any user can go into GENE Wallet and use it.
    Excelon will offer Excelon prepaid premium mastercards with no monthly fees for any user who will own a GENE HODL CONTRACT offered by PARKGENE. The GENE HODL CONTRACT has one year of duration and can be acquired for 10x the number of GENE Tokens needed to buy the Mastercard after the 50% discount as explained above. After the one year term, the GENE Tokens will be released and the owner may renew his GENE HODL CONTRACT to enjoy the Excelon prepaid premium mastercard with no monthly fees, or use them. PARKGENE will release the GENE HODL CONTRACT functionality in the next 2 weeks so any user can go into GENE Wallet and acquire it.
  4. 30% of GENE Token Fees will be BURNED by Excelon:
    Excelon will burn 30% of the GENE Tokens it receives as a means of payment for any user buying Excelon prepaid premium mastercards. The burn will happen at the end of each calenda quarter starting 31.3.2019
  5. PARKGENE card and POS plans are ON and to be provided by Excelon
    Given the level of investement, licences and structuring needed, Excelon will provide PARKGENE card and POS on a white label basis in a 50% / 50% revenue share with PARKGENE. This is important for PARKGENE as it takes out all the burden of developing this infrastructure and commiting resources that are out of its P2P Parking initiative. The availabilty of the PARKGENE card and POS will announced in due course based on the proven community demand.

The above offering will initially be available for 3.000 Excelon prepaid premium mastercards which will be provided in a first come first serve basis. Additional offerings will be considered once this offering is concluded.

We are sure that this agreement adds a tremendous value to GENE and GENE holders as well to the PARKGENE project as we remain focused in building the Peer to Peer Global Parking ecosystem.