CoinMarketCap officially lists PARKGENE’s – GENE Token

A message to the PARKGENE community by PARKGENE CEO, Nikolas Skarlatos :

Dear Friends,

We are delighted to announce that CoinMarketCap, the number one trusted resource on cryptocurrency market information, has officially listed the GENE token here:
https://coinmarketcap.com/currencies/parkgene/

The official CoinMarketCap listing puts the GENE token at the heart of the cryptocurrency community and justifies our efforts of the past year. We want to thank the PARKGENE community for their support, since it was the trading and the community activity that drove the CoinMarketCap listing.

The CoinMarketCap official listing is another step forward for the GENE token:

  • The PARKGENE community can now get the most up-to-date and credible information on the GENE token’s financial indicators.
  • The CoinMarketCap listing helps with the token’s exposure to a wider cryptocurrency audience interested in the token itself but also in the PARKGENE business.
  • This way, PARKGENE business progress will be associated with the GENE token’s performance more effectively.
  • Finally, we continue to do our best to list the GENE token on other exchanges and the CoinMarketCap official listing will help in our efforts.

On the business side of things, we’d like to remind you that we’ve successfully launched the PARKGENE web service, integrated with the GENE Wallet, as well as the new website where parking spot owners can list their parking spots.

Also, on Monday, May 14th, as promised, we are launching additional enhancements to the GENE Wallet, along with a related announcement.

We continue to work towards the commercial roll-out of PARKGENE Service and our plan to release the Mobile Apps and Web Booking service on June 4th, 2018.

We will continue to keep you regularly updated with our progress.

Sincerely,
Nikolas Skarlatos,

CEO – PARKGENE

May 11, 2018 PARKGENE No comments yet

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.

February 9, 2018 PARKGENE No comments yet

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

February 9, 2018 PARKGENE No comments yet

Cryptocurrency Volatility Protection for GENE Token Buyers

SINGAPORE, ATHENS, LONDON. Thursday January 25, 2018

PARKGENE announced today that it offers downside and upside protection against cryptocurrency volatility for GENE token holders.

 

“Having listened to our community’s concerns regarding the volatility of their cryptocurrency positions, we have decided to help alleviate the concerns of crypto appreciating or depreciating during the course of our ICO, offering guaranteed protections, both in the upside as well as the downside”, said Nikolas Skarlatos, CFO of PARKGENE.

The Volatility Protection scheme is further detailed below with the following two protections offered:

 

  1. Up to 20% upside guaranteed

If the digital asset exchanged for tokens appreciates, the token holder will get extra tokens up to 20% of the upside.

 

  1. Downside protection against any downside risk

If you have purchased GENE tokens using cryptocurrency, we will lock the number of tokens against the crypto price at the time of the purchase.

 

 

More specifically, below you can find the upside-protection level based on participation:

Participation Value   Upside Price Protection
$2,000 – $5,000 10%
$5,001 – $10,000 15%
$10,001 + 20%

 

If the digital asset exchanged for the tokens appreciates, the token holder will be able to benefit from this as his tokens will be recalculated up to a certain percentage based on volume (see table above).

Please note:

  • These recalculations will only involve the tokens allocated from the sale transaction. The adjustment does not apply to bonus tokens.
  • Recalculations are made daily (for reference) and the final calculations will take place on February 19, 2018 or at any point that our hard cap is reached and the ICO is sold-out.

To better understand how the Volatility Protection works please see the examples below:

Example 1: You’ve purchased 95,000 GENE with 1 BTC at $9,500 USD/BTC. At the end of the ICO, BTC has appreciated to $13,000 (a 36.8% appreciation) you will receive 15% more tokens. (14,250 additional tokens)

Example 2: You’ve purchased 95,000 GENE with 1 BTC at $9,500 USD/BTC. At the end of the ICO, BTC has fallen to $7,000 (a 26.3% depreciation) your purchase is not affected by the price decline

Example 3: You’ve purchased 95,000 GENE with 1 BTC at $9,500 USD/BTC. At the end of the ICO 1 BTC has appreciated to $10,500 (a 10.52% appreciation) you will receive 10.52% more tokens (9,994 additional tokens)

 

February 9, 2018 PARKGENE No comments yet

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

January 19, 2018 PARKGENE No comments yet

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

January 13, 2018 PARKGENE No comments yet

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.

January 11, 2018 PARKGENE No comments yet

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]

January 9, 2018 PARKGENE No comments yet