The struggle of finding a parking spot
Finding a parking spot is no easy task in urban cities, especially in the biggest ones such as New York or Hong Kong. A whole industry exists around parking spaces which accounts for around 100 billion dollars per year. This issue has caused some individuals to spend a fortune on parking spaces. Reports of private parking spaces being sold for up to one million dollars is not uncommon. People who don’t own a private parking spot in the city, spend an average of 30 minutes every day looking for a place to park their car. This is not only a waste of time but is also very expensive for drivers. Unfortunately, cooperations can’t just build huge parking lots/centers in the middle of cities because of different complications and the ever-increasing cost of real estate. This is the exact issue Parkgene aims to tackle through their own parking platform.
Parkgene’s solution to this problem
A viable solution proposed by Parkgene to fix this issue is to create a marketplace for renting and lending private parking spaces. By using blockchain technology, the Parkgene platform will allow users to connect directly to each other. Individuals who have an empty private parking spot throughout the, can list it on the platform and make some extra money just by being on the platform. People who don’t want to go through the hassle of finding an expensive parking spot in the city can easily book a parking spot through the Parkgene app so no time is wasted. Besides from all of this, individuals will actually be saving money by finding a parking spot through the app instead of finding a traditional one. The motto of Parkgene is that finding a parking spot on the platform is twice as easy, and 10 times as cheap. The medium of exchange on the Parkgene app, will be their own ERC20 token GENE, which later also will be used for different services and tools on the app. Your GENE tokens will be stored in you Gene wallet, which is actually already live on the Google Play store: https://play.google.com/store/apps/details?id=com.gene.wallet
To fund their project, Parkgene is raising funds through an initial coin offering (ICO), selling their ERC20 token GENE. The token used for payments and other services in the future on the Parkgene platform
The token sale started the 15th of January
The token sale ends the 19th of March
1 GENE = 0.1 USD (Bonuses apply to different phases, see picture below)
At the moment they also have a 50% bonus until Ether reaches $1200 per ETH.
- Total amount of tokens issued is 1.000.000.000 GENE
- A maximum 350.000.000 GENE will be available for purchase during the token sale
All unsold tokens will be burned/destroyed
The team behind Parkgene is already of a very impressive size with a combined experience in many different aspects of finance, tech, blockchain, marketing and much more. Here are just some of the member of the Parkgene project.
To view their entire team, learn more about each member and view their advisors, you can visit their website: https://parkgene.io/ or read their whitepaper here: https://parkgene.io/wp-content/uploads/2018/01/Whitepaper_FINAL_V.18.1.pdf
The Parkgene project started back in January of 2017 and already has plans of what they need to accomplish by January of 2019. The official product launch is expected by May of 2018.
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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