PARKGENE Is One Step Closer To Becoming The Airbnb Of Parking

PARKGENE, the world’s first shared mobility platform, blows past its sales targets during the first two weeks of its ICO. With 60 million tokens sold during the first two weeks of its ICO, PARKGENE is on track to becoming a household name in shared parking services.


As anyone who drives in large cities knows well, finding parking is oftentimes not just a nightmare but, in most cases, prohibitively expensive as well. PARKGENE, the first parking booking service on the blockchain, plans to put an end to driver parking woes, with their ground-breaking peer-to-peer parking platform.

PARKGENE’s aim is to become the Airbnb of the parking industry, and if the first two weeks of their public ICO is an indication, they are well on their way to making it happen. The company has already passed its pre-ICO target of selling 20 million GENE tokens during their closed round last December. After the second week of the public sale, they’ve reached 60 million tokens sold, and PARKGENE is confident they can reach their goal of 350 million tokens sold by the time the ICO ends.

PARKGENE – The Solution for Commuters’ Parking Woes

PARKGENE has adopted an Airbnb-like business model so that parking owners and drivers can directly interact with each other.  Drivers are looking for convenient and cost-effective parking, and herein lies the problem: The parking business is a $100 billion industry globally, but it’s riddled with intermediaries taking large commissions to match drivers with parking owners. This means that drivers pay more and parking space owners make less.

Airbnb originally set out to solve similar issues for travel accommodation and has certainly proven a viable model in the crowdsharing ecosystem. They have announced recently that the company will show $100 million in cash flow profitability for 2017, and is expected to launch its IPO later this year. Airbnb’s success has come at a slow burn as users have driven the home sharing app from obscurity to worldwide success over its 10-year history. There’s no doubt that the sharing economy is booming, and PARKGENE’s timing to introduce blockchain technology to the ecosystem, couldn’t’ be better.

The PARKGENE platform, powered by its GENE token, aims to be a serious game-changer by connecting drivers and parking owners directly through its smart-contract system. The platform allows drivers to easily locate and book parking spots in the most convenient location and at the most competitive price. All transactions use GENE tokens, and the PARKGENE vision is to establish it as the default currency for the automotive industry. That may be a bold vision, but the company is already planning for the future:

“At the moment, parking remains an inefficient industry but not for long,” says Parkgene CEO Louis Hatzis. “The parking industry will undergo major changes in the next 5-10 years as autonomous cars will need to park themselves and pay for parking. Moreover, big carmakers, namely VW and BMW, are starting to position themselves in the industry through acquisitions of regional players, and we’re seeing reports of accelerated use of mobile phone parking bookings in the US,” he adds. Hatzis believes that these are strong indicators to purchase GENE tokens today.

PARKGENE - The Solution for Commuters' Parking Woes 

Going Forward – After the ICO and Beyond

Once the ICO is completed, PARKGENE will run an aggressive marketing campaign with the goal of making PARKGENE a household name. PARKGENE has already enjoyed successes with their existing app that has integrated 18,000 parking spots and 50,000 users in the first six months of its launch. Being the first parking booking service on the blockchain gives the company the traction to become the foremost parking booking platform in the world.

Funds collected through their ICO will drive the next phase of platform development, which PARKGENE plans to expand into large cities in Greece, Britain, Russia and eventually the US, Asia and South America. Their first focus is on Athens, where they already have a presence, and then they will quickly scale to establish PARKGENE in large cities like London, Manchester, Paris, Rome, and Milan, and expand further to St. Petersburg, Moscow, Chicago, Los Angeles and New York.

PARKGENE is working with ICOBox, the world’s largest provider of SaaS solutions for ICOs. The company is also the first ICO to have ever partnered with NetRoadshow, the trusted name in providing U.S. Securities & Exchange Commission (SEC) compliant online solutions for the global investment banking community, to bring in institutional backers.

PARKGENE also recently appointed a new advisor, Gal Ron, a  startup veteran with over 30 years of experience in forming, running, and growing companies worldwide in industries spanning from financial markets to virtual reality. He’s currently director and CEO of ConversionPros, as well as the founder of TokenTarget.  Gal is passionate about the marketing and sales side of blockchain based projects, with a special interest in ICO and Post-ICO marketing and these are the areas he is collaborating actively with PARKGENE.

GENE tokens are available for sale with no minimum or maximum purchase requirements and are offered at USD $0.10. The ICO is presently in its third week, offering volume discounts and bonuses. For more information about PARKGENE, please visit https://genewalletnew.wpengine.com.

PARKGENE Roadshow Update – February 9, 2018

PARKGENE CEO, Ilias Hatzis and CFO Nikolas Skarlatos have been participating in several events around the world bringing the PARKGENE ICO to the Crypto community.

They visited Crypto Economy ICO 2018 in London, Crypto Economy ICO 2018 in Amsterdam, d10e in the Cayman Islands, 2nd Blockchain Middle East Forum in Dubai, and will be visiting several more until the end of the ICO and beyond.

The purpose of these trips has been to meet with interested parties and introduce PARKGENE to the ICO and Crypto communities. The PARKGENE executives met with Fund Managers, with partners we work with, with opinion leaders in the crypto space, with media, and with PARKGENE backers. They participated in presentations, workshops, panel discussions on legal, marketing, valuation etc.

They also participated in Post ICO panel discussions, met with several exchanges and participated in several networking events.

So far, the PARKGENE roadshow has been very productive and useful. We will let you know more about the PARKGENE roadshow as it continues.

How PARKGENE Works

PARKGENE is a game-changer in shared Mobility services, with a vision to establish the GENE token as the automotive industry standard means of payment.

Drivers looking for a parking spot meet virtually with parking owners through the PARKGENE app. The following diagram shows the different stages of a parking session completed on the PARKGENE platform and over the Ethereum Blockchain with smart contracts.
Once a driver reserves a parking spot, the reservation triggers the PARKGENE smart contract on the Ethereum Public Blockchain.

PARKGENE GENE token flow

The PARKGENE App transfers the full parking fee amount in GENEs from the driver wallet, to a depository (a temporary wallet). Should there not be enough GENEs balance in the driver’s wallet, the driver can use his credit card or other means of payment (Bitcoins, Ethers) to buy GENEs real-time and pay for the transaction.

The successful reservation and payment provide additional App functionality to drivers and parking owners which is needed for the completion of the actual parking session. For example, the driver will have the ability to open the garage door from his mobile phone, while the parking owner is notified and monitors – in live video – the entrance and exit of the vehicle. This functionality is optional – although very helpful – and is achieved through integration of PARKGENE platform with existing remote access tools that are available in the market, or a specific device that PARKGENE will offer to the Parking Space owners at very low cost.

At the end of a successful transaction the parties conclude a smart contract on Ethereum, with the entry and its confirmation on the blockchain.

The parking space owners receive, from the depository to their wallet, 70-80% of smart contract in GENE tokens, when drivers check out of the parking space. The remaining: • 5% of the total amount is paid to the driver and parking space owner as they perform several actions that enhance the ecosystem (e.g. Ratings, Reviews). • 10-20% of the total amount is paid to PARKGENE to cover operational, development, cloud services and advertising costs.

At any time, the users of the platform can buy or sell GENE tokens for FIAT currency (USD, EUR, JPY, CNY, etc.) or other cryptocurrency (BTC, ETH, etc) by using several cryptocurrency exchange services that may trade the GENE token (if and once GENEs may be available at such exchanges).

Click HERE to participate in the PARKGENE ICO

Cryptocurrency Gene eyes global parking market – Article on Kathimerini

By VANGELIS MANDRAVELIS

The Greek answer to Bitcoin is Gene, created by the ParkGene company, and is trading on the online market with relative success.

Singapore-based ParkGene is practically run from Athens, where its founding team is located. Since end-December it has been extremely busy, having started its own initial coin offering (ICO), which has done quite well considering it has already sold more than 42 million Genes. The coins sold are valued at $4.2 million (3.44 million euros) and its target is to reach $35 million by February 19. This capital will allow the company to promote Gene around the world, with the aim of selling 1 billion units.

So what can you buy with Genes? To start with, “you will be able to rent parking spaces,” says ParkGene head Ilias Hatzis, the man behind the Greek cryptocurrency. “It’s like Airbnb for your car,” he explains, noting that the company’s aim is to penetrate the international parking market, valued at $100 billion per year.

According to Hatzis, when a car leaves its parking spot, for instance when its driver goes to work, the space is re-leased and can be used by someone visiting the area. There could be an exchange between the two drivers, with ParkGene collecting a small commission – in Genes.

Source: eKathimerini.com

PARKGENE PRE-ICO Sold Out Early – ICO Day #1 Under Way

We are excited to announce that after the PARKGENE PRE-ICO was sold-out early, the PARKGENE ICO is now under-way, amid growing demand for participation in the Early Bird – Day #1 which offers up to 35% bonus. It was announced today that the PARKGENE ICO Day #1  has been extended by 3 days, to January 19, to meet this demand.

 When we launched our Pre-ICO on December 15th, we hoped it would be a success. We couldn’t have predicted what has happened: 20,000,000 GENE tokens sold-out, ahead of time backed by high-net worth individuals, family offices, and investment funds. Today, 9 hours into the ICO Day #1 more than 20 million more tokens had been sold  despite delays attributed to the payment processor.

 “We would like to thank everyone participating in the PARKGENE ICO. We are grateful for the trust you have shown PARKGENE. We’re happy to announce that our Day #1 promo code offering will be extended for 3 additional days until Friday January 19. We want to give everyone the chance to take advantage of our up to 35% Bonus offer, and to reward your patience, trust and support.”, said Ilias Hatzis, CEO of PARKGENE.

 We urge interested participants to lock-in this bonus by joining our Telegram chat at https://t.me/parkgene to get the promo code and then our token sale platform at https://tokensale.genewalletnew.wpengine.com where step-by-step instructions are available.

 In the meantime, we are in the process of finalizing our partnerships with exchanges, while, at the same time, working to ensure that our application will launch when the ICO is completed, so you can use your GENE tokens to pay for parking from day one.

 PARKGENE is a cryptocurrency-based peer-to-peer parking application using blockchain and smart contracts to connect drivers with parking spot owners.

Find out more about PARKGENE, by visiting the following links:

PARKGENE Website : https ://genewalletnew.wpengine.com/
White Paper : https://genewalletnew.wpengine.com/#download-whitepaper-docs
Token Sale : https://tokensale.genewalletnew.wpengine.com/
Telegram Channel: https://t.me/parkgene

PARKGENE Pre-ICO Successfully Concluded

We are excited to announce that the PARKGENE PRE-ICO was sold-out earlier than initially projected and the ICO is launching on Monday January 15, as planned.

When we launched our Pre-ICO on December 15th, just before the holidays, we hoped it would be a success. We couldn’t have predicted what has happened: 20,000,000 GENE tokens sold-out, backed by high-net worth individuals, family offices, and investment funds.

We had unfulfilled orders of over $25K each for 5.5Million tokens which were left out of the Pre-ICO round due to the first-come-first serve nature of the process. Additionally, we have had over 2000 applicants committing smaller amounts which we hope to serve during the open ICO.

“We would like to thank everyone who participated. We are grateful for the trust you have shown PARKGENE, and we promise that we will deliver on making parking 2x faster and 10x cheaper”, said Ilias Hatzis, CEO of PARKGENE.

The PARKGENE ICO is officially launching on Monday, January 15, 2018 at 10am GMT and we are gearing up to meet the growing demand for participation in the Early Bird – Day #1 which offers up to 35% bonus.

We urge interested participants to lock-in this bonus by joining our Telegram chat at https://t.me/parkgene to get the promo code and then our token sale platform at https://tokensale.genewalletnew.wpengine.com where step-by-step instructions are available.

In the meantime, we are in the process of finalizing our partnerships with exchanges, while, at the same time, working to ensure that our application will launch when the ICO is completed, so you can use your GENE tokens to pay for parking from day one.

PARKGENE is a cryptocurrency-based peer-to-peer parking application using blockchain and smart contracts to connect drivers with parking spot owners.

Find out more about PARKGENE, by visiting the following links:

PARKGENE Website : https ://genewalletnew.wpengine.com/
White Paper : https://genewalletnew.wpengine.com/#download-whitepaper-docs
Token Sale : https://tokensale.genewalletnew.wpengine.com/
Telegram Channel: https://t.me/parkgene

PARKGENE: A Paradigm Shift in the Parking Industry that Empowers the People, Enabled by the Blockchain Ecosystem

An article by PARKGENE Advisor Manos Chatzopoulos explaining how PARKGENE’s Peer-to-Peer Blockchain Enabled Technology is Set to Disrupt the Parking Industry

My personal parking woes date all the way back to my years as a junior research scientist at the University of Chicago, when looking for a free curbside spot would require on average at least 15-20 minutes of my time. On top of that, I usually had to walk 2-3 blocks, often in the freezing cold of the windy city’s winters, to get from where I parked to my destination.

My parking struggle motivated me to start my own company, ParkZen, utilizing smartphone sensor data to detect where parking spots are vacated in real time, and find out first-hand how the market is struggling for a solution and how people are ready and willing to utilize their own private space to earn money but also help alleviate the city’s parking problems and parking—search related traffic congestion.

PARKGENE’s innovative approach hits right at the heart of this problem by creating a P2P marketplace where parking space owners can connect with drivers and rent out their space with contracts secured and executed on the Ethereum blockchain. As an academic research scientist myself working in the field of computational astrophysics I have great interest and I am financially invested in blockchain technology and the emergence of decentralized market places where trust-less, encrypted systems enable the transfer of value between individuals thus ultimately empowering the consumers and the innovators alike. Given ParkZen’s appeal to the Chicago market when we launched our marketing campaign in 2016, I can also attest to the excitement of the market to engage in P2P transactions and exchange of services, and to my desire to make ParkZen part of ParkGene’s ecosystem in the future to assist in the common cause of solving the global parking problem.

PARKGENE also arrives at a time when there is significant transfer of trust in the market from centralized to decentralized applications as evidenced by the public investment in ICOs that skyrocketed by almost 1300% within a year (in the 01/01/2017 to 12/31/2017 period; source: www.coindesk.com). The combined shift of the consumer base toward blockchain-based applications, investments in digital assets and P2P services together with the tremendously underutilized private parking spaces across the United States, Europe and the rest of the world — especially in densely populated cities — clears the path for PARKGENE’s unique technology, backed by a strong, motivated, experienced and highly technical founding team, to become the one-stop parking solution of the future.

In tandem, from an economic perspective, the success and utilization of the GENE token, PARKGENE’s official cryptocurrency, will open the door to strategic partnerships and transportation-related marketplaces such as vehicle services (e.g. oil change, car wash and toll payments) driving the potential of the entire ecosystem to unprecedented highs.

As a scientist and an entrepreneur myself I can attest that I am beyond excited to act as an Advisor for this incredible project, and I am eager to see the gradual transformation of modern metropoles as congestion, carbon emissions and accidents drop to historical lows due to a more efficient and definitely smarter parking solution. As such, I strongly recommend everyone to get on board with our ICO early on to avoid missing out on the unique opportunity to be one of the pioneers of blockchain-enabled P2P parking!

Manos Chatzopoulos

Manos Chatzopoulos, PARKGENE advisor

Manos Chatzopoulos is a cofounder and the CEO of ParkZen LLC (parkzenapp.com), a smartphone app service that utilizes data analysis algorithms to locate faster free curbside parking. He is an Astrophysics Professor at Louisiana State University working on a variety of research projects in collaboration with local and external scientists.

PARKGENE and NetRoadshow Lead the Way

PARKGENE and NetRoadshow Lead the Way in Informing the Investment Banking Community about PARKGENE’s Upcoming Initial Coin Offering (ICO)

Singapore, Greece, UK – January 5, 2018 – PARKGENE PTE Ltd. (PARKGENE, https://genewalletnew.wpengine.com) a technology provider in Peer to Peer Parking services, today announced its partnership with NetRoadshow Inc. (NetRoadshow, https://netroadshow.com), the worldwide leader in providing electronic roadshows for the global investment banking community.  PARKGENE will use the NetRoadshow platform to engage with the investment banking community about its innovative decentralized parking solution and its upcoming Initial Coin Offering. PARKGENE is the first ICO to use NetRoadShow’s communication platform.

PARKGENE is developing a scalable – blockchain driven – automotive technology platform to allow drivers to book parking spots directly from individual parking spot owners. PARKGENE’s Peer-to-Peer parking solution is the first ever park-sharing solution that uses Blockchain and cryptocurrency token payments and is aiming to revolutionize the $100B Global Parking Industry. The establishment of a peer-to-peer parking community through blockchain technology and the use of GENE tokens as a flexible means of payment, creates an easy, accessible, transparent, cost-effective way for drivers to find a parking spaces and for parking space owners to make extra income.

PARKGENE is launching an Initial Coin Offering on January 15th, 2018 which will run until February 19th, 2018. Backers will have the opportunity to purchase GENE tokens, using Bitcoin, Ethereum, other cryptocurrencies and USD. Investors interested in getting access to the NetRoadShow PARKGENE portal can apply through the form available at https://genewalletnew.wpengine.com/netroadshow

“We are excited to be the first ICO to partner with NetRoadshow to reach out to institutional investors and inform them about our project and our upcoming Initial Coin Offering (ICO). While ICOs have certainly changed the investment landscape, we feel that institutional investors should be included in the ecosystem and we are very excited about working with NetRoadshow to better communicate our opportunity to them.” said Ilias Hatzis, CEO of PARKGENE.

With the ICO industry entering its fourth year we are starting to see a shift from traditional venture capital. According to Coindesk research, total investment in ICOs in 2017 has surpassed $3.8 billion. The venture capital model has worked brilliantly for a long time, but has been ripe for disruption and ICOs are the first step in that direction.

“NetRoadShow is the global leader in providing US Securities & Exchange compliant electronic roadshow services for issuers in the global financial markets, including the majority of Fortune 2000 companies’ transactions. Our collaboration with PARKGENE marks our commitment to serving the ever-evolving needs of issuers and investors by entering the crypto currency industry and Initial Coin Offerings.” Said Brad Hammond, CEO of NetRoadshow, Inc.

About PARKGENE

PARKGENE PTE LTD is scalable blockchain-based platform that enables drivers to book parking directly from individual parking space owners at lower prices, with convenience. PARKGENE’s decentralized technology will supply new parking spots in already crowded cities, which now remain unutilized, by enabling not only peer-to-peer but also the seamless integration of all existing parking technology. PARKGENE is issuing the GENE token, that will be used as a means of payment for parking. Drivers use the GENE token to pay parking spot owners.

About NetRoadShow

NetRoadshow, Inc. provides the U.S. Securities & Exchange Commission (SEC) compliant online communication tools for the global investment banking community. It’s services include electronic roadshows, an Internet roadshow product that provides investment banks and their institutional investors the opportunity to access management presentations in a SEC-compliant electronic format. NetRoadShow’s offerings are specifically developed to meet the ongoing compliance standards for both public and private transactions including equity (IPO and secondary), convertible offerings, high yield and investment grade debt, emerging market debt, asset backed securities, municipal bonds, private placements, non-deal roadshows, and  research related to public and private transactions.

Contacts
PARKGENE
Tasos Flambouras
[email protected]