PARQ Token Economics
Parksen is a parking solution company based in Amsterdam, The Netherlands. We are leading a smart parking solution with 113 municipalities in The Netherlands. We aim to grow both within the EU zone and globally. To achieve our ambitious goals we launched the ParQ token.
Working within an industry that worth over $100 billion a year, we know that a company able to lead the way in digital infrastructure, while delivering smart and secure services via the blockchain, will be at the forefront of the 4th industrial revolution.
Parksen is a unique company in the ICO world. Our already functioning app, a pool of customers and established partners from the public and private sectors, we have what it takes to deliver the best Return of Investment in a traditionally volatile market.
Therefore, we would love to share our token economics with you so we can get you reviews and make sure you know that you joined a well-structured and trusted company.
Overview of Token Economics
Hard Cap: USD $19.5 million
PARQ price: USD $0.10
PARQ amount: 1,000,000,000
Accepted currencies: ETH, BTC, Fiat
ParQ token sale is being deployed in three stages — private sale, pre-sale, and public sale. The first two stages have a bonus discount that the buyer will get in addition to the purchased PARQ
Private sale: Already concluded, it allowed us to reach our soft cap goal within four hours.
Pre-sale: Launched on 01/06/2018 immediately after the private sale concluded on May 31. During the pre-sale the bonus is 30% with no minimum investment amount. If hard cap is reached during the pre-sale, then the public sale will be started.
Public sale: will conclude on 01/06/2019 or until hard cap is reached. During the public sale the bonus is 20% with no minimum investment amount.
PARQ token distribution chart
Before the launch, we issued 10 billion tokens. We decided on the amount after a long market research to map the full cost of the infrastructure upgrade on those areas we aimed to grow to. As we aim for full transparency, we conducted a conversation with our investors, advisors and community. Reviewing your suggestions, we decided to burn 9 billion tokens. This is to both strengthen our tokens as well as allowing us to reach our goals in a scaled and measured manner, allowing us to bring the Green, Smart and Connected City Platform to more cities.
Investors will be able to initially use ParQ tokens with the new wallet, available on Parqtoken.com, for easy token management, transfer and purchase. PARQ tokens will be available in certain exchanges after some negotiations concluded. This will only take place once we secured the needed strength and confidence to ensure token strength at launch.
We are a hybrid token:
· Investing with PARQ tokens — Is deployed on the Ethereum network and can be used with ERC20 wallets.
· Using ParQ tokens — Due to the long transaction times as well as the need for a faster and more resilient network we will use “Tangle” by IOTA to give our end customers to start a parking session in lighting speed.
1,000,000,000 PARQ tokens
- 50,000,000 tokens — PARQ tokens in ICO pre-sale
- 200,000,000 tokens — PARQ tokens in ICO sale
At the end of the sale, all unsold PARQ tokens and unclaimed bonuses will be burnt. What remains will be matched on a 1-for-1 basis so that the final distribution is as follows:
· 25% — ICO participants
· 20% — Reserved For Smart City Projects and will be locked for 30 months and slowly released on a six month basis of 10% and later 15%.
· 20% — Marketing will be locked for 30 months and slowly released on a six month basis of 10% and later 15%.
· 15% — Development will be locked for 30 months and slowly released on a six month basis of 10% and later 15%.
· 5% — Team & Early contributors will be locked for 30 months.
· 5% — Airdrop & Hodlers will be locked for 18 months with a 25% release after the end of the ICO and continuously after six months until the amount is fulfilled.
· 4% — Business Development will be locked for 30 months and slowly released on a six month basis of 10% and later 15%.
· 3% — Private Sale will be unlocked at the end point of the ICO sale.
· 2% — Bounty/Referral program will be unlocked at the end point of the ICO sale.
· 1% — Charity will be locked for 30 months and slowly released on a six month basis of 10% and later 15%.
Standing by our token:
We reserve 10% of the proceeds to rebuy our tokens from exchanges, both to show total support for them and providing them for parking sessions via our app.
Reaching our goals:
Our hard work will not end with the ICO, but we would like you to know we will continue rolling right after it’s finished.
We work in traditionally long term industry: infrastructure. It’s important for us to build this long term relationship with PARQ token investors and community. This is why we guarantee it by locking the benefits for both the team and company. We will only unlock the tokens outside the public sale in a measured manner. This will ensure token strength and company growth as showed in the above distribution.
Your security is critical to us
We follow strict compliance procedures. Therefore, to buy tokens, every buyer has to pass a KYC process before signing a purchase agreement.
Please give us your thoughts here or via Telegram and our other social media platforms.
Marketing and Communication Manager