ICO Review: Parksen – Discover A Green, Smart And Connected City Platform

Parksen parking APP solution, source: parqtoken.com
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Because of outdated public and private city infrastructures, technology and systems, drivers have to pay a substantial price (both economically and emotionally) to find themselves available and affordable parking spots. On the economical side, the search itself costs drivers money in gas, tires, etc and time that could be used at work, with family or at leisure. This wasted money can increase because of parking fines and extra parking time, having to pay for a minimum of an hour while only needing a few minutes, for instance, or paying for extra hours out of fear of getting a parking ticket. On the emotional side, drivers can become stressed if they are delayed for an important appointment because there is no parking spot available quickly.

Parksen Parking has worked on a solution for this issue with a fully-functional and tested parking App that has been operational in the Netherlands since 2015. The App allows users to easily locate and reserve parking spots, guaranteeing drivers to receive real-time information on parking options near them, saving time and money.

Main features

  • Real-time navigation and parking availability: search a parking spot available from your smartphone
  • Advanced parking reservation and payment: a pay-per-use App without having to worry about pressing a ‘stop’ button when you’ve finished using a parking spot, as it will all be done for you
  • Avoids the risk of fines for exceeding the time of use for parking
  • Helps to decrease the carbon footprint (less driving hours = less wasted energy)
  • Can be integrated into any local parking App and the main API will be entirely public and available. API contributions will be rewarded.

Novelties

  • By including parking price lists through smart contracts, the platform can guarantee a specific price for the agreed time, allowing drivers to never pay more than what it states in the contract (used time)
  • Utilizes IoT devices and offers a one-size-fits-all cloud-based solution that can be easily adapted by cities, parking garages, companies and individual consumers
  • Users can complete the parking zone profiles by adding additional metadata such as location, status, price, timeslots, conditions and exceptions
PARQ smart city. Source: parqtoken.com

Token information

  • Utility token name = Parksen.
  • Acronym = PARQ.
  • Platform = Ethereum ERC20.
  • Max. number of tokens = 10,000,000,000.
  • Cryptocurrencies accepted = ETH, BTC.
  • FIAT accepted = yes.
  • Soft cap = $35,000,000.
  • Hard cap = $250,000,000.

Token distribution

  • Project = 2,500,000,000 – 25%.
  • Marketing = 2,000,000,000 – 20%.
  • ICO = 2,000,000,000 – 20%.
  • Development = 1.500.000.000 – 15%.
  • Team = 500,000,000 – 5%.
  • Pre-ICO = 500,000,000 – 5%.
  • Business development = 400,000,000 – 4%.
  • Private sale = 300,000,000 – 3%.
  • Bounties = 200,000,000- 2%.
  • Charity = 100,000,000 – 1%.
PARQ token distribution. Source: parqtoken.com

Funds usage

  • Research & development = 45%.
  • Marketing = 30%.
  • Global expansion = 15%.
  • Business development = 10%.
PARQ funds usage. Source: parqtoken.com

Pre-ICO

  • Starts = June 1st, 2018
  • Ends = after 500,000,000 PARK have been sold
  • Token price = $0,07
  • Min. buy = 0,1 ETH

ICO

  • Starts = after 500,000,000 PARK have been sold
  • Close = a year after the public sale starts
  • Token price = $0,08
PARQ token price. Source: parqtoken.com

The leading team

Competitors

Social media presence

Additional information

Conclusions

With the new technologies available, the transport industry has the tools to improve its services in order to save large amounts of money, time and quality of life for drivers. The Parksen proposal combines blockchain and IoT to modernize the search and collection process of parking lot rental, which involves both the public and private sector of this industry.

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