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#Blockchain All projects

Parkres: Decentralized Parking Reservation System

А state of the art sensory network to track and manage parking spots across a city and parking lots.

Buy the tokens of the Parkres (Park) project on the W12.io platform and get the opportunity to get a refund in case the project does not fulfill its obligations

Your IP address is from the USA. Citizens and residents of the United States are prohibited from using W12 platform to purchase tokens.

4.0 Rating

by 25 users


    KPLs

    • Employees14

    Team

    6
    man AMOL MOZARKAR

    Chief Executive Officer and Co-Founder

    Amol has 15+ years of experience in the IT business, Technology and data centre management. An IT entrepreneur, blockchain activist, inventor, author of patent and international patent applications for Decentralized Parking Reservation System. Amol is a serial entrepreneur and business manager with in-depth knowledge of IT, Internet, cloud services, cryptocurrencies, financial & strategic planning, and business valuations. Amol brings in-depth technology and high-level management experience to PARKRES from such companies as Bell Canada, IBM, Enbridge, Aviva UK, Wipro, Citi Bank, and Aviva Canada.

    man KAVITA JANGAM

    Business Development Manager and Co-Founder

    Kavita has 10+ years of experience in complex business analysis, application development and design, and testing automation. She brings her technical and business domain expertise to PARKRES. She has worked with companies like J.P Morgan, Delloite, Amdocs DBCI, Mindtree, and Willis Towers Watson.

    man ARVIND PAY

    Chief Finance Officer

    Chief Finance Officer CA, CPA and Tax expert. A well rounded professional with 15+ years of post qualification experience and with continuous educational development from different countries To sharpen the role skills and achieving revenue, profit and business growth objective. Arvind is specialist in International Tax Management and Arbitration, Tax Reporting, and Finance Management.

    man MARUTI THOTA

    Full Stack Developer

    Maruthi has more than 14 years of experience in development and design of software applications and working with complex architecture. Highly qualified Smart Contract, Front-End, Full-Stack, Database & Mobile applications developer. Maruthi has experience working with organizations like TCS, IBM Canada, ENBRIDGE, BELL Canada for a long time (Toronto, Canada) and other international companies; now he is totally focused on blockchain technologies.

    man ROBINSON RENGRAJ

    Block Chain Developer

    Robinson has 15+ years of experience working on complex integration systems. Robin's experience and technical knowledge is unparallel. Robinson is a crypto currency enthusiast and a blockchain expert. He has worked with techno giants like IBM Canada, IBM India, Sryas Inc Canada, Bell Canada and ENBRIDGE.


    Advisors

    8
    man NEEL MEHTA

    Business Strategy Advisor Asst Director Bell Canada

    Director at Bell Canada, business development expert, technology enthusiast. Worked as Strategy Architecture and business development lead at Bell Canada. Broadly experienced systems architect and team lead. Accustomed to working on simplifying complex enterprise architectures from a design and process perspective. Specializes in Business to Business Systems Integration, Business Intelligence Portals, Web Services, E-Commerce Payment Systems, Web portals, Web Security and Enterprise Service Integration. Neel received several accolades for his work: IT Breakthrough Awards - 2012, 2013, 2014, 2015, Eugene Roman Technology Innovation (Individual) Award 2008, Mentor of the Year Award, Career Edge 2007.

    man MATTHEW TAYLOR

    Patent and Copyright Advisor Director Innovative Licensing & Promotion Inc

    Director of New Product at Development, Innovative Licensing & Promotion, Inc. Attorney based in Toronto with specialization in business copyright and patents. Strengths in customer service, sales and negotiations. Proven skills in marketing, advertising, product integration, and promotions. Successful in developing strategies that have resulted in an over 500% increase in new clients. Instrumental in developing a customer contact program for client retention with 80% success rate.

    man MIKE BISHOP

    Legal Advisor Seasoned ICO Advisor

    Mike is a seasoned advisor on various ICO/ITO and TGE including Coinseed, BCharity, FLASHMONI, Covesting, CareX Health Network, LAToken to name a few. Mike was also an advisor on Global Investment Services Corp, Cayman Island. Expert in Real estate analytics. Real estate risk. Real estate promotions, Business Development. Skilled at forging high level strategic alliances. Led two start-ups to over $3mm profitability each within 18 months of operation. Product Development. Designed, created or marketed creative financial products, including: foreign currency hedge straddles, bulk real estate acquisition, real estate risk reduction contracts, derivative contracts.

    man CHINTAN THAKKAR

    Strategy and Business Devlopment Advisor Former Vice President of Goldman Sachs, NYC

    Chintan is passionate about leveraging tech-driven solutions to make a global impact and empower individuals and enterprises. Chintan is a serial advisor to Blockchain projects - Chintan understands blockchain technology and provides businesses consultation on how their business could leverage blockchain solutions to make it a profitable investment. He has worked with 100+ founders, helped them in building the next-generation product and raised multi-million dollar funding for their startup. Chintan was working as Vice President of Goldman Sachs, NYC - managing front office interest rate derivatives for Goldman Sachs. Chintan has completed his Masters in Computer Science from Georgia Tech, Atlanta.

    man BERRY BUTER

    Advisor-Marketing Co-Founder of Cryptomizers – Blockchain Marketing

    Blockchain and ICO Advisor. Berry has 8 Years of experience at a Big Four Audit Form in The Netherlands and 5 Years of experience as a business/financial controller. Berry has completed his post-masters degree in Accountancy & Control from Erasmus University Rotterdam.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (47.5%)
    • Cryptoeconomics Reserve (27.5%)
    • Promotions and Bonuses (5%)
    • Enterprise Partnerships (4%)
    • Advisors (3%)
    • PARKRES Team (13%)
    Budget allocation
    • PARKRES Growth: Marketing, Strategic Planning (40%)
    • Engineering and R&D (35%)
    • PARKRES Platform operations (15%)
    • Overhead (5%)
    • Supporing infrastructure and Blockchain projects (5%)

    Rate the project

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    Founders, Team & Advisors

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    Budget allocation and roadmap

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    Summary rate the project

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    Rate the project by other users

    25
    игорь чевелев December 13, 2018
    Rating of project
    4.2

    Advantages

    Проблема на сегодня актуальная, особенно в больших городах. В данном проекте упор делается на простоту и доступность, ведь у каждого под рукой всегда имеется мобильнй телефон, это очень удобно и доступно! Думаю такой проект, при его реализации, действительно займет свое место в повседневной жизни.

    Risks and disadvantages

    Долгое ожидание выхода приложения. Возможно придется ждать до 2020 года.

    Comments

    Валерий Грядун December 12, 2018
    Rating of project
    4.6

    Advantages

    Этот революционный сервис экономит бесчисленное количество времени, хлопот, пробок, топлива и бумажных отходов, поскольку транзакции производятся с криптовалютой PARKRES, а платежи могут быть сделаны по телефону, онлайн, авто-платежами или ежемесячными подписками. Система также позволяет осуществлять платежи фиатными валютами и кредитными картами, если пользователь решил сделать это над цифровыми валютами.

    Risks and disadvantages

    Не во всех странах может быть принят людьми

    Comments

    Подумаю над приобретением

    Iaroslav Korolev December 12, 2018
    Rating of project
    2.6

    Advantages

    Не удалось найти сильные стороны проекта при всём желании это сделать.

    Risks and disadvantages

    Вопрос организации парковочных мест скорее относится к компетенции городских властей. Вместе с тем имеется множество подобных проектов, инициированных преимущественно в юго-восточной азии. Возможно там это действительно острая проблема, но не считаю её актуальной для западных стран.

    Comments

    Слишком узкая специализация. Создание самостоятельной экосистемы только ради парковочного пространства представляется неразумным. С другой стороны, проект может стать гораздо сильнее, если добавить в него возможности разносторонней помощи владельцам автомобилей.

    Angelo Bernardinello December 10, 2018
    Rating of project
    2.8

    Advantages

    Attraverso la tecnologia Parkres si affrontano diversi problemi critici che esistono nell'attuale sistema di parcheggio tra cui parcheggi incustoditi, pagamenti in eccesso, problemi di traffico che causano perdita di tempo e ingorghi. Una marea di scomfort quindi per l'utente.
    Parkres è progettato con l'intenzione di migliorare la viabilità e ridurre le emissioni di monossido di carbonio. In generale la cura dell'ambiente è molto importante, ma non so quanto in generale possa essere interessante da sviluppare nello specifico il progetto.

    Risks and disadvantages

    Idea discretamente interessante (sicuramente prevede un miglioramento).
    Distribuzione dei token non molto convincente a mio avviso e piano marketing sicuramente alla prova.

    Comments

    In generale progetto mediamente interessante.

    MEHDI REXHEPAJ December 09, 2018
    Rating of project
    3.4

    Advantages

    Parkres ha lo scopo di affrontare diversi problemi critici che esistono nell'attuale sistema di parcheggio: parcheggi incustoditi e non sorvegliati, pagamenti in eccesso, lunghe code al chiosco, problemi di traffico e anti-ecologia, perdita di carburante, perdita di tempo e ingorghi e infine comfort per l'utente.

    Risks and disadvantages

    Non tutto è elaborato in dettaglio. Alcuni punti dovrebbero essere elaborati con maggiore attenzione. Il marketing dovrebbe rafforzare ed espandere il coinvolgimento della comunità nel progetto.

    Comments

    mirko riceputi December 08, 2018
    Rating of project
    3.8

    Advantages

    Parkres è progettato con l'intenzione di migliorare continuamente il flusso del traffico e ridurre le emissioni di monossido di carbonio e la congestione. Allo stesso tempo, sostituisci e rinnova la tecnologia obsoleta e investi in soluzioni di parcheggio intelligenti attraverso dispositivi IoT (Internet of Things), apparecchiature per campi verdi, un'app per il parcheggio in tempo reale e cruscotti universali.

    Risks and disadvantages

    Comments

    Interessante

    Marco Ferrandi December 06, 2018
    Rating of project
    2.6

    Advantages

    parkres tries to solve the problem of parking and traffic that afflicts the big cities around the world, apply the blockchain to make the system decentralized, the whitepaper is well done.

    Risks and disadvantages

    the project will surely pay the fact of having competition outside the crypto world, surely the team will have to grow, the price of the token and the small amount destined for public sale could keep it away from the crowds.

    Comments

    Parkres is a project that will surely end up among my favorites, the long roadmap means that the team has a lot of time and resources to use to reach the goal and make the project more credible. as well as that it is within w12.

    December 03, 2018
    Rating of project
    4.6

    Advantages

    This project hits bullseye of the traffic problem in big cities. It has great solution for this problem and I see it as one of the best idea lately.

    Risks and disadvantages

    It will be hard to find parking spaces or people that have good parking spots, but if they manage to do that i don't see any disadvantage.
    My opinion is that they should increase budget for marketing.

    Comments

    I will definitely bookmark this project and keep an eye to it!

    Matija Spasovic December 01, 2018
    Rating of project
    4.0

    Advantages

    Project could solve a lot of problems out there on the road and most important, save a lot of time and deal with big consumption of fuel. Those are the dots that this project is focused and one of the most important ones. Everything else is actually just big plus that this project can add in their app.

    Risks and disadvantages

    There are big risks that could actually kill this app, one of them is marketing. Utilization of this app is very important, and marketing should make this app popular, so many people could start using it and solve the problem that this team is working on.

    Comments

    Big support from my side!

    Евгений Чернов November 23, 2018
    Rating of project
    4.4

    Advantages

    Приложение будет полезно в больших мегаполисах, с густой населенностью. Идея не новая, данного проекта много вариаций и с фиатными валютами. Все зависит от рекламы и качества продукта

    Risks and disadvantages

    Дорожная карта на четверочку, Большая конкуренция, большим минусом уже есть рабочие проекты, и нужно будет их догонять. судя по дорожной карте разгон будет долгий. Неоднозначно выдержит ли конкуренции.

    Comments

    Хорошая команда, возможны перспективы, возможно будет изюминка в проекте та в которой он нуждается сейчас.

    jeremy scribe November 22, 2018
    Rating of project
    3.4

    Advantages

    PARKRES révolutionne la manière dont les consommateurs recherchent un stationnement. Possibilité de réserver une place de parking à proximité de n'importe qu'elle destination rapidement et facilement. Une installation rapide de l'application mobile moins de 5 mn estimé par Parkres, points très positif pour accrocher de nouveaux clients. Le système Parkres doit permettre de résoudre plusieurs problèmes critiques qui existent dans le système de stationnement actuel: places de stationnement non gérées et non surveillées, paiement trop long, longues files d'attente au kiosque, problèmes de circulation et anti-écologie, perte de carburant, perte de temps et embouteillages et enfin du confort pour l'utilisateur.

    Risks and disadvantages

    Pour ma part Parkres comparé aux solutions de paiement mobiles actuelles n'apporte pas une offre réelle. Le fonctionnement de l'offre Iot et la mise en oeuvre n'est pas très clair je trouve.
    L’équipe est assez restreinte et le niveau de compétence peut être un peu juste...

    Comments

    PARKRES est la solution de stationnement tout-en-un, qui fait cohabiter la crypto-monnaie et le système de stationnement. Sur la plate-forme parkres, les utilisateurs seront en mesure de trouver et de réserver une place de stationnement n'importe où, à tout moment, en payant avec leur portefeuille mobile soit en Monnaies fiat, soit en crypto-monnaie et même avec des jetons de Parkres (PARK ) avec des tarifs réduits, gérez les réservations de stationnement, enregistrez les place de stationnement sur l’écosystème parkers pour gagner de l’argent.

    November 04, 2018
    Rating of project
    3.6

    Advantages

    Основной упор делается на простоту и доступность с основных мобильных ОС. Думаю такой проект, при его реализации, действительно войдет повсеместно в жизнь. Многое еще предстоит решить и преодолеть. Желательно укрепить маркетинг и расширить сообщество.

    Risks and disadvantages

    Не все детализировано. Некоторые моменты должны быть разработаны более тщательно. Маркетинг должен укреплять и расширять участие сообщества в проекте.

    Comments

    Интересный проект, есть перспективы, как в развитии идеи, так и в ее последующей реализации.

    sergio camarda October 26, 2018
    Rating of project
    3.0

    Advantages

    The advantages of this project lie in exploiting the blockchain in an application that goes well with IOT management.

    Risks and disadvantages

    The disadvantages are related to several factors. The first is that an efficient management of the parking areas, partly reduces waiting times for the identification of a parking space, but does not solve the problem related to the shortage of the same. The forecasts are therefore too optimistic. Another consideration to make is that there are already solutions regarding the management of the stands while the project has not yet any product in place.

    Comments

    I find the project quite interesting because it fits perfectly in the application of the IOT but I do not think it can offer an added value compared to what is already in place.

    Антон Никитин October 20, 2018
    Rating of project
    4.6

    Advantages

    Проблема на сегодняшний очень актуальная, особенно в больших городах. Основной упор делается на простоту и доступность с основных мобильных ОС. Думаю такой проект, при его реализации, действительно войдет повсеместно в жизнь.

    Risks and disadvantages

    Не понятно почему так долго все, согласно дорожной карте приложение запустится только в декабре 2019 и только Beta версия, при которой неясен вообще функцианал этой формы приложения. Так что возможно придется ждать вплоть до Alpha-версии, которая будет готово в марте 2020. И тоже не факт что это будет за продукт на этой стадии

    Comments

    Удачи разработчикам. Проект такой нам нужен.

    Evgeny Barbadosov October 18, 2018
    Rating of project
    3.6

    Advantages

    It's not a bad idea, but there are white spots. White paper worked well, but there are poorly lit moments that require more detailed study. Success will be comparable to the amount of effort made.

    Risks and disadvantages

    Not everything is worked out in detail. Some points should be worked out more carefully. Marketing should strengthen and expand the involvement of the community in the project. The presence of competitors will keep in good shape.

    Comments

    Not a bad project, there are prospects, both in the development of the idea and in its subsequent implementation. Much remains to be solved and overcome. It is desirable to strengthen marketing and expand the community.

    October 16, 2018
    Rating of project
    4.2

    Advantages

    Einfache und schnelle Art Parkplätze zu finden. Die Real-Time-Verfügbarkeit von Parkplätzen zu sehen. Dies ist der größte Vorteil. Ein nice-to-have ist die Möglichkeit mit Cryptowährung zu bezahlen.

    Risks and disadvantages

    Es gibt gute konventionelle Projekte, die App-basiert sind und die ebenfalls einfach bedienbar sind und bei denen keine Kreditkarte (außer einmalige Angabe der Daten) oder Debitkarten erforderlich sind. Ein Problem könnte die Scalierung des Projektes darstellen. Entsprechende Technik weltweit zu installieren und passenden Verträge mit Betreibern zu generieren, da hier ja ein möglichst einheitlicher Preis erzielt werden soll.

    Comments

    ABDELFATAH RADWAN October 08, 2018
    Rating of project
    4.0

    Advantages

    After reading the white paper: I find it a good project, excellent idea and team with good experience, I recommend investing in this project.

    Risks and disadvantages

    This project needs more experts, and more ads to definition the project, More attention to social media.

    Comments

    I wish success to the team and much work needs to be done to make the project a success, They are well prepared to overcome difficulties of any kind.

    Olav Johnson September 07, 2018
    Rating of project
    4.8

    Advantages

    The project is a modern sensor network for tracking and managing parking places through the city and car parks. I can list what we get from this innovation: first and foremost, improved solutions for parking, in addition PARKRES allows the client to find and reserve a parking place with a single button click. Also important, that the project helps to reduce fuel consumption and protects the environment. The PARKRES system provides intelligent notification to customers, which provide real-time information of all available parking places and the location around them. Also, the company provides an easy way to pay through the PARKRES tokens and the usual currency .. Dividends for holders of the PARKRES tokens allow the user to register their open parking space on the PARKRES ecosystem and monetize their free place.

    Risks and disadvantages

    This project presents relevant solutions using the latest technologies and the Internet of Things that will allow customers not only to save their time and money, but also to receive dividends if they own the PARKRES tokens.

    Comments

    I am sure that this project will be very popular and will win a large audience of customers in many big cities, where assist problems with parking places and a quantity of vehicles. Undoubtedly, investments in this project will bring great profit to investors and project token owners.

    Alexandr Gonchar September 03, 2018
    Rating of project
    5.0

    Advantages

    The project creates an ecosystem which was designed in order to simplify certain aspects of our lives. Parking lots, which were not a problem in the old days, has now become a big problem. To find a parking lot these days, people often have to leave all their affairs to focus their time and effort on finding a parking space. The project solves all these problems with the help of a modern sensor network to monitor and manage parking spaces throughout the city and different places for parking. The project uses the IoT (Internet of Things) sensor network to monitor and control parking spaces at various parking locations, the system will offer you the closest parking spot to your destination. PARKRES will also allow you to find and reserve a parking spot and you will not lose it when you reach your destination.

    Risks and disadvantages

    The project's idea is interesting and the most important thing that it solves relevant and pressing issues. The use of innovative technologies and IOT allow saving time and money for users who are forced to spend a lot of time searching for parking spaces or refusing to move by car at all, because of this problem that seems so little.

    Comments

    I think this project will be able to achieve success quickly and attract a large number of users. Practically, this segment of the business isn't crowded with new companies, which means that the project will have low competition and the opportunity to occupy this niche, providing consumers with the high-quality services.

    Mark Ramsden September 03, 2018
    Rating of project
    5.0

    Advantages

    Based on the approach used by the Team, I have very high expectations of the product planned in 2019. The GitHub source code looks quite impressive and proofs that the Team has experienced and capable specialists who would be able to make this happen. The white-paper is very organised and self-explanatory, so the project is easy to understand for the mass audience. Furthermore, the project is very actual and should solve a very important and frustrating problem.

    Risks and disadvantages

    I didn't pick any significant issues regarding this project, however, what I would remove or updated from the white paper is the analysis based on the 2 years old data (2016), as it might be non-relevant.

    Comments

    I like the project, it looks very impressive and interesting, as it combines a lot of different technologies together. As I mentioned above, I have very high expectations from the project and best of luck to the Team, as it will be a challenging engagement.

    James Young September 03, 2018
    Rating of project
    5.0

    Advantages

    Such a great project, I convinced this is a very painful area and there will be a lot of investors. The team obviously has technical capacity based on the GitHub repository where you can find segregated products along with the documentation. So, I have no doubts about this project reliability and the responsibility of the Team. Regarding idea description (white paper), I think that the team is absolutely right in terms of project relevance. The proposed architecture looks reasonable and considers a lot of factors which would allow to sort out the parking issue for the different areas regardless of the scale.

    Risks and disadvantages

    I didn't find any major concerns with regards to this project, however, I would suggest creating a one-pager which explains the basic idea. It won't take many efforts, however, the attracting effect could be ambiguous, as this is quite straightforward material specified in the white paper.

    Comments

    By and large, the project is very interesting and relevant. I really look forward to seeing the live/pre-prod solution which is planned by the end of the next year. I believe that this project will provide a comprehensive solution for the complicated and painful problem.

    William Anderson August 08, 2018
    Rating of project
    5.0

    Advantages

    More efficiency will be created with the people associated with driving vehicles which will save their time and also the safety. Many car users will definitely be attracted to use this platform. The expirence possed by the team will be a big determining factor on the positive outcomes.

    Risks and disadvantages

    The bonus incentives given to the early buyers is quite high and this will increase the token circulation in the long run creating low value of the tokens and increased investor outflow

    Comments

    This is a unique business model given the fact that over the years the number vehicle users is increasing. Monopoly can be obtained in the market and also securing a large market base.

    Anne Bryn August 05, 2018
    Rating of project
    4.0

    Advantages

    The startup has a straightforward business model, drivers will be able to save their time and money, owners of unused spaces will be able to earn and token's value will depend on the number of users.

    Risks and disadvantages

    There are almost 15000 of followers on Twitter, but their activity is low. The team should find the ways to interact with these people.

    Comments

    The project will help to solve the problem of the shortage of parking places. Participants will benefit using the platform, so in theory we can expect that community will grow. It would be interesting to see the evolution ot this startup.

    Sofia Medda August 04, 2018
    Rating of project
    4.8

    Advantages

    Support team will be available for customers 24/7. PARK token has several utility functions and it also can be used as a value token (in other words as a bonus accumulating token). And the more people will use PARK as a value token for a fixed period of time, the less amount of tokens will be in circulation.

    Risks and disadvantages

    There is no marketing strategy, while marketing is an important part of the developing the project.

    Comments

    The execution of the project will not be easy and it will take time. Whithin this context the patent protecting PARKRES solutions which is supposed to be filed before the start of the ICO is an advantage. I think the team has a chance to find investors who would be ready to support this idea, but there should be a solid and elaborated business plan for such a challenging project.

    Denys Serhiichuk August 02, 2018
    Rating of project
    4.0

    Advantages

    Besides regular Whitepaper, there are One Pager and a Pitch Desk, where platform features are briefly explained. Bounty campaign and bonuses are considered as motivation for investors to promote and participate in the tokensale.

    Risks and disadvantages

    Roadmap could be more detailed if it was described up to dates, not just in quarters. What is more important is the lack of the alpha or demo version of the product.

    Comments

    The idea is good, however difficult in its realization. Parking spots are regulated to authorities, private companies and other institutions. In order Parkres become a successful project, lots of regulating process should be done. Moreover, lots of customers should use it. The following platform can have a future, but now at the current stage.

    See more reviews

    FAQ

    Frequently Asked Questions

    Why will PARKRES accept Fiat Currency? Isn't this in conflict with decentralized economy?

    Fiat currency will be accepted.
    The decentralized PARKRES ledger will function solely with the native PARK token. Fiat is accepted only to provide an easier way for inexperienced users to directly purchase the digital token on the marketplace at the time of the park booking (instead of going through an exchange and buying Ethereum first). The decentralized backend/engine that handles the bookings, and all transactions between clients and hotels will operate solely in PARK.

    Is the PARK Token a Security?

    PARK token is a digital/software utility product which is not a security and which does not provide any ownership rights. It is a way for you to book a parking spot on our website or mobile App.You can either buy the PARK in advance, or at the moment of placing an order for a parking spot listing from our marketplace.

    What type of risks are involved in investing?

    Holding a PARK Token is not an Investment in securities (ie shares or debt of a company). PARK Token is the payment mean for participating as a driver or parking owner in the PARKRES Reservation Platform.
    The overall demand and supply of PARK Tokens in the market will determine the underlying value against FIAT or other Currencies. Nevertheless this will not influence the actual price in FIAT that someone will pay for the parking.
    Some of you may buy PARK Tokens with a view of investing towards a future appreciation of the PARK Token exchange values. Although this is not the primary scope of the PARK Token you are free to do it, if you wish.
    To build wealth over time, investors need to accept certain levels of risk. The main general risks associated with investing are as follows:
    - Investments risks
    Market value of investments may go down as well as up, even if the quality of your investment remains the same. Past performance is not an indicator of future performance.
    - Political risks
    Factors such as monetary restrictions, war conflicts, coups and racial and national tensions create political instability in countries. Political instability can significantly influence a project’s ability to generate earnings.
    Government economic policies of any country may lead to challenging macroeconomic environment for projects.
    - Legal risk
    Many countries don’t have the legal systems necessary for the proper and efficient regulation of digital assets. This may include the non-existence or limited functioning of Market Regulators, incomplete legislation and regulations pertaining to the crypto currency capital markets and no or limited investor compensation schemes. There is therefore a high degree of legal uncertainty as to the nature and extent of investor’s rights and the ability to enforce those rights.
    - Taxation
    Tax law and practice is not clearly established for crypto currency market and there is significant uncertainty as to the position of investors (local or international) in many Countries. It is possible therefore that a current interpretation of Tax law or practice may change or, indeed, that a specific Tax law may be changed with retrospective effect. An investor could become subject to taxation that is not anticipated when Investments are made and this could impact the overall investment performance.
    - Liquidity risk
    Market liquidity risk – is inability of financial instrument to be converted into cash in the shortest possible time without significant change in value or increasing bid/ask spread. This type of risk is interdependent to holding concentration risk.

    How will PARKRES store the raised funds?

    PARKRES will use a multi-signature wallet to store the raised funds.

    Do you accept cooperation proposals?

    Yes, we do. Please send your proposal to [email protected] and we will make sure to reach out to you by the end of the Token Sale if there is an opportunity for cooperation.

    What is the gas limit?

    All transactions, from simple transfers to ITO smart contracts, require some amount of operations to perform. Each of these operations has an associated cost in gas. Thus, simple transactions like transfers will require less gas to perform than more intense smart contracts.
    When transfering ETH from your wallet to the ETHEREUM Address provided by the token sale platform you need to add certain amount for gas.
    The recommended gas limit is 150 000 GAS which cost 0.00000002 Ether.

    What currencies can I use to buy Parkres?

    Parkres will accept BTC, ETH.


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    How the token refund works

    The funds (received from the sale of tokens on the W12.io platform) are given to the project in installments after the end of each stage of its roadmap. If the project does not fulfill its obligations, users will be able to get a refund from the project’s fund.

    You can buy Park-W tokens that allow you to:

    These functions will be available to you in your personal account on the W12.io platform after you buy Park-W tokens.

    All the functions (purchase, refund, exchange of tokens) are implemented using smart contracts on the Ethereum blockchain. The W12.io platform does not have access to the funds of token buyers, a factor that is guaranteed by blockchain technology and the open source code available on Github.

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