PARKGENE – Status Update 8-11-2019

 

Having launched PARKGENE service since mid 2018, we have taken several steps to develop the product offering and understand the market dynamics for both the parking industry as well as the adoption of Cryptocurrencies into everyday lives of all the potential users of our system.

It became quickly apparent to us that among other things the problem with the parking ecosystem was that very few people had parking spots and were Crypto enthusiasts.

As the Crypto bear market evolved, we had to act and act we did so. We are delivering Excelon which will be the backbone of the AIRBNB of parking as well as a strong crypto-fiat banking solution for everyone.

During 2019 we have achieved the promissed GENE Token listing in one of the best exchanges globally (LATOKEN) while at the same time we have invested significant efforts in developing the EXCELON Fintech branch which will bring a fully functional exchange for GENE as well a CRYPTO/FIAT gateway for all GENE, and other coin, enthousiasts.

EXCELON is preparing for the launch of the Exchange and Crypto banking service and it shares with us a snapshot of the Web functionality of the Excelon service which incorporates the Crypto functionality.

Excelon Web V2.0, Incorporating FIAT and Crypto Wallets as well as Crypto Exchange Functionalities

 

FUTURE STEPS

2020 holds some key developments for Parkgene namely:

1. PARKGENE P2P Parking Service, integration with Excelon exchange will simplify the process of instantly buying and Selling Genes. Users that don’t want crypto will still benefit from the parking app
2. Improved website with new functionality Q1 2020.
3. Development for an IOT controller a functionality missing from the app today that will be sponsored for parking owners or sold independently. This new product will include:
   1. A Central Controller (CC)to connect with the garage door opener to transmit the open/close door command. The central controller will connect to the PARKGENE cloud through any home’s Internet WiFi or LAN connection.
   2. A Car Sensor (CS)that will be placed at the exact parking spot (in the garage) to indicate where a user should park as well to detect if the spot is taken. This car sensor will connect to the central controller (CC). Each Central Controller (CC) will be able to host more than 50 Car Sensors making it easy to be placed in garages with more than one spots.
   3. Mobile functionality to enable remote control for door openning and closing for garage owners and drivers through the PARKGENE mobile App.
4. Parkgene’s App upgraded Version 2 should be available by Q3 2020. This will have both functionalities mentioned above as well as referrals and reviews for the sharing ecosystem to work seamlessly.
5. Full scale marketing campaign city by city.

 

With all this, we would like to share our enthusiasm for the new things to come for both PARKGENE P2P Parking service as well as the GENE Token position in the Cryptocurrency market as a true utility token for P2P Payments with full support of rreal time exchange to FIAT through Excelon Service.

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.

GENE token is live in two global ecosystems
PARKGENE P2P PARKING & EXCELON FINTECH

 

It’s a proud day for us in PARKGENE and our affiliate EXCELON (https://excelon.io)to announce the launching of the Excelon Fintech service, offering users an e-wallet an IBAN and a Mastercard and the GENE Integration inside the Excelon Ecosystem.

Today all PARKGENE users and GENE Token Holders will be able to buy an Excelon Premium Subscription at 50% discount and they can pay with their GENE Tokens!

All Excelon users, by June 2019 the latest, will have the benefit of having a crypto wallet and a crypto exchange connected to their e-money wallet and Excelon Mastercads, thus having the ultimate fintech app on their phone.

This is our vision of eliminating the technological and commercial gap that Fiat and Crypto is facing today. A gap that delays all Blockchain driven app globally, including P2P parking app. EXCELON is an all-in-one solution for individuals and businesses looking for new ways to execute their financial transactions in Fiat and/ or Crypto.

PARKGENE’s, P2P parking application, is now able to offer an integrated solution where the user who is not crypto savvy can still use the service easily.

As per our announcement from 19th of November 2018, the agreement between affiliate Fintech venture Excelon, and PARKGENE will be valid and available to GENE Holders starting on March the 21st 2019.

The terms of the agreement are the following:

1. GENE ACCEPTED FOR TRADING:
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.

2. BUY A MASTERCARD WITH GENE:
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).

3. HODL GENE AND GET A MASTERCARD AT NO COST:
EXCELON will offer EXCELON prepaid Premium Mastercard 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 at will.

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 calendar quarter starting 30.6.2019.

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 excited that the GENE token becomes a means of payment in two ecosystems. Our team has delivered two working products within a year. Following an initial period to complete the offer, the roadmap then entails a marketing campaign in order to educate and promote both services and thus the demand for GENE tokens, including listing in new exchanges”, CEO Nikolas Skarlatos comments.

The GENE is the true Utility Token and it is currently trading on two exchanges Hotbit and BTC-Alpha. Get your GENEs today and acquire the Excelon service at and PARKGENE app at IOS and Google store.

Excelon is presenting today at the Digital Banking Forum (Athens – https://digitalbanking.ethosevents.eu). Tomorrow, Friday 22 March 2019, we will provide you with instructions about acquiring an Excelon Premium Subscription with GENE Tokens, through GENE Wallet. We all here appreciate your patience and trust and we remain focused on making PARKGENE and GENE a global success.