PARQ is a project that provides users with an application for searching, booking and paying for parking spaces. Using Blockchain technology and smart contracts will provide security and transparency in conducting transactions. Users will be able to earn PARQ tokens by collecting and sending data on local congestion, levels of pollution and the availability of parking spaces.
Business Model Overview PARQ (PARQ)
1. The validity of income
The project will receive income from parking fees. The amount of the fee will be from 5% to 10% depending on the prices set in different cities. At a later stage, the project team will offer services and equipment to both municipal organizations and private companies. Parksen will also use up to 10% of its annual profit to purchase tokens on stock exchanges.
2. Number of currencies accepted
The number of accepted currencies includes 3 liquid currencies: BTC, ETH, USD.
3. Token emission
In the project a limited number of tokens. A total of 1,000,000,000 PARQ tokens will be issued (p. 28 White Paper).
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 30%.
In the flow chart provided, the project objectives are indicated by the end of 2020 (p. 25 White Paper). The distribution of funds collected during the ICO will be as follows: 45% - “Development and Research”, 30% - “Marketing”, 15% - “Scaling”, 10% - “Business Development” (p. 31 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has an excellent ratio of SOFT CAP / HARD CAP, which positively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 15,000,000 and $ 19,500,000, respectively.
7. MVP availability
In the project flow chart provided, there is no information on the presence of MVP.
8. Risk assessment and insurance
There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of losing capital for investors.