uPark Parking Space NFT Pricing Model

uPark is growing its ecosystem and utility of its platform by offering a unique decentralized marketplace and gamification mechanism through the ownership of different NFTs. This is done by tokenizing each physical parking space under uPark management throughout different cities around the Europe as uPark expands its business operations.

TIERS

The tiers and rarity percentages are listed below:

— Platinum: 5% of total city collection

— Gold: 15% of total city collection

— Silver: 30% of total city collection

— Bronze: 50% of total city collection

Each city / jurisdiction will have the above rarity percentage. This is determined at mint time and will fluctuate as new carparks are added / minted over time. The above percentage represents the percentage chance of getting a particular type of NFT when minting.

BENEFITS

CARPARK ZONES

As the carpark rates fluctuate wildly across different districts, suburbs, areas, and jurisdictions, we have implemented a zoning system to ensure revenue is normalized against the cost of acquiring a particular uPark parking space NFT in any particular jurisdiction and area.

The Zones are as follows:

— EU Zone 1 (EUZ1): parking rate exceeding $15 USD / hr

— EU Zone 2 (EUZ2): parking rate between $10-$15 USD / hr

— EU Zone 3 (EUZ3): parking rate between $7.50-$9.99 USD / hr

— EU Zone 4 (EUZ4): parking rate between $0.00-$7.49 USD / hr

As uPark scales out of the EU, different additional zones can be defined (eg UKZ1, USZ2, etc…)

Based on researched data, the average carpark within city centres around Europe costs 3 euros per hour. Accounting for the age of the data and inflation, with an official inflation rate of just over 3.08% per year, as well as the pandemic stimulus between 2020–2022, we can estimate that the average parking would have increased to the vicinity of 4–5 euros / hour (possibly more).

NFT PRICING MODEL

The car space NFT pricing model is as below:

The UPARK amount will fluctuate according the market value in dollars.

FULL PRICING TABLE

This chart shows you the price of one uPark space NFT in each specific Zone, the LKUPARK eligibility will remain the same for all zones on each mint however the purchasing token (UPARK) will fluctuate to meet the pricing in dollars.

Each increment up will trigger a price change in the proposed pricing table, with each increment triggering 30% increase of price.

You can only purchase the NFT of a specific zone that uPark operates and offers, for example, you can not buy a EUZ1 NFT in the anticipation of uPark onboarding that parking lot zone. NFTs will only be available for the active zones.

SUMMARY

The uPark car space NFT pricing has now arrived and we hope you now see the true value that the uPark Genesis Pass (UGP) holds.

In the coming weeks will further announce estimated ROI for each specific tier of NFT and within each zone.

If you want to secure a spot NFT now then you still have chance by purchasing a UGP from the secondary markets here:

https://xoxno.com/collection/UGP-e71806

UGP will swap 1:1 for a uPark parking space NFT. The swapping process of a UGP to the uPark Car Park NFT will be random in nature, abiding by the minting rules and distribution percentages of the rarities/tiers.

If anyone would like to find out more about uPark then please hop over to our social channels and chat with us.

Telegram — https://t.me/uPark_city

Discord — https://discord.gg/zjUsuynRJV

Twitter — https://twitter.com/upark_network