PARQ – Blockchain Technology to Revolutionize Parking System
One of the main problems often faced by modern people is finding a place to park a car. Drivers often need a lot of time to find parking spots. In addition, parking slots now also require high cost. However, PARQ comes with blockchain technology to revolutionize today’s parking system.
PARQ- Overview
Parksen or simply called PARQ is a smart platform that will change the parking system in the modern era. By utilizing blockchain technology, the PARQ has a public API which is entirely operated on the Parksen Parking Cloud. The digital company provides a wide range of solutions as well as smart contracts by using Ethereum Blockchain. Both the solutions and smart contracts offered will also give advantages for the stakeholders in smaller cities or urban metropolises.
At the same time, PARQ also tries its best to create a greener and smarter world through the blockchain technology. It is possible to happen since the digital company uses maps and records data. The collected data will be used to improve traffic flow and lower the carbon monoxide pollution level. Furthermore, the public API of the PARQ also allows the developers to make new appliances. In this way, the developers will be able to make a contribution in creating a greener, more connected, and smarter city.
The funds needed to build establish the platform will be raised by using Initial Coin Offering (ICO). The ICO will make it possible for anyone who wants to contribute to the fundraising simply by purchasing tokens provided by PARQ. By using the applications provided, the drivers will be able to locate, reserve, and pay for the parking spots in more efficient ways. The application will help the drivers to find the parking spot through the fastest route even before they leave home.
PARQ Token
The PARQ token is mainly used as currency for both parking spot owners and drivers who use the Parksen Parking application. By using the token, this will be possible for you to book a parking spot by using the application or simply by visiting the company’s website. The application will also allow you to book the parking spot in advance or at the moment of placing the car. You can choose between the parking spots listing available in the marketplace.
The PARQ token can also be used not only by individuals but also by corporations, parking garages, and municipalities to but IoT devices, equipment, as well as other future product lines. The most important thing is that both investors and users can also purchase the PARQ tokens and used them as an investment in the company’s future development.
However, you need to keep in mind that the PARQ token is not a security token. It is a utility token that can be used to connect to affiliated application, rent parking spots, and buy smart devices from the company’s partners. Anyone is allowed to join the PARQ Bounty program, no matter they purchase the company’s tokens or not. The PARQ tokens can be bought during the company’s ICO. It will be divided both in a public-sale and a pre-sale.
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