Parkres — Decentralized Parking Reservation System

    TORONTO, ON, June 05, 2018 /24-7PressRelease/ -- Toronto based fintech startup Parkres announced today that its ecosystem — which lets users find and reserve a parking spot anytime anywhere — has now launched globally. They also announced the private sale to start on May 1st, which has 70% bonus for early investors and 15% bonus during pre-ITO sale phase.

PARKRES is the all-in-one parking solution, bridging the gap between cryptocurrency and parking system. On parkres platform users will be able to find and reserve the parking spot anywhere anytime, pay from their mobile wallet using either fiat (AUD, USD, etc.) or cryptocurrency (BTC, ETH, etc.) and even with Parkres tokens (PRS) with discounted rates, find traffic updates to their parking spot, manage parking bookings, register their parking space on the parkers ecosystem to make money. Parkres is having its ITO in 2018, where it will be revolutionizing the way consumers search parking and uses parking system today.

PARKRES aim to use an open and universal ledger to record and map data that will give it a picture of major chokepoints in urban areas. With that information, PARKRES system can continuously improve the flow of traffic and decrease carbon monoxide emissions and congestion, while replacing and renewing outdated technology and investing in smart parking solutions through IoT (Internet of Things) devices, green field appliances, a real-time parking app and universal dashboards.

Utilizing the Ethereum blockchain, smart contracts, a universal ledger and a variety of IoT devices, PARKRES will create a truly sustainable and intelligent city development platform. With the collected data, It will be able to battle back against the ever-rising levels of traffic congestion and pollution that are damaging life in large urban metropolises and small cities alike.

The Parkres app makes it very quick and simple to find and reserve a parking spot near any destination or any remote location for a required timeslot. Apps will be available free for download over IOS and Android, and a web interface will be available as well. Setup takes less than five minutes to create user profiles and PRS token wallet is embedded within the app. Parkres is not just an app but an entire ecosystem. Mobile apps are only a part of it.

The Parkres system solves several critical pain points that exist in present parking system — non-user centric design, unmanaged and unmonitored parking spots, payment takes too long results in long waiting queues at the kiosk, traffic problems and anti-ecological, loss of fuel, loss of time and traffic congestion.

The Parkres system also provides a Parking Airbnb platform. Where users will be able to list or register their parking spot on the platform and earn money from it. This reduces the shortage of parking spaces in the urban cities, also will help regulate the parking industry. Parking providers can earn money from their open spots and unused spaces. Similarly, users or parking seekers can get a relatively cheap spot in the area they looking to park.

The Parkres ICO has been designed to be a highly attractive proposition for investors. "We have rolled out a steady stream of new features on the platform and have added a number of highly experienced advisors and team members. We are an actual business and have a very promising roadmap in front of us. We believe the token configuration and offers make it a difficult combination to turn down". Parkres's pre-ITO fundraising round is targeting to sell 20,000,000 PRS tokens with 15% discounts to whitelist members, and then further 55,000,000 PRS token during their crowdsale beginning 15st August 2018.

Parkres is an operating name of CryptoKart Inc. registered in Toronto, Canada. PARKRES aim to create an ecosystem of proprietary parking facility assets over a hybrid digital token PRS, which will be used to execute Parking transactions. The blockchain-based smart contract will be a perfect match with the Internet of things Ecosystem to build this. We are going to innovate the parking industry by using the Ethereum blockchain.

# # #