What Is Parkres?

PARKRES is a blockchain-based exosystem that seeks to solve the problem of having to search for parking space around the city or workplaces. The advanced parking system combines blockchain technology and the IoT to create a sophisticated network to monitor and control the allocation of parking spaces. Additionally, PARKRES will hope to allow for parking space reservation in advance, and this will hopefully solve the problem of transport within the cities.

The Challenges Parkres Seeks To Solve

Parking has become an essential element in our contemporary lifestyles, and with the population explosion, it is evident that there are more vehicles now, more than ever. Although parking systems are working to solve the problems of parking spaces and reservations, it is evident that the attempts are either failing miserably or not performing at all.

The Parkres Blockchain Parking Spot Reservation System Solution

The PARKRES provides a quick and simple solution to find and reserve parking spaces near your destination or in any remote location near. The app is available in both IOS and Android.

As the core of the whole ecosystem, the PARKRES will consist of:

Parking Cluster-

Comprises of multiple parking facilities offering spaces across the city, with each town divided into a group for easy identification of parking space options

IOT/ Sensor Gateway-

Gateway is the network's advanced device that captures the parking details such as event data and other communications from the IoT and Sensor communication networks.


This software component will provide the additional capability of data transfer, transformation, enrichment, routing and data aggregation.


Smart mobile devices compatible with the PARKRES network will have their user utilize the platform to discover available parking spaces and securely pay for the reservation.

Network Servers-

The PARKRES Network server receives the user data and event from the different parking systems and stores them in the cloud.

Smart Contracts-

PRS smart contracts will help control the transactions performed for each parking reservation. The self-executing contract holders the parking charges from the initiate of the parking reservation. Once the user is done, the contract executes payments to the PRS wallet for the parking time charged.


The network's data centres rely on cloud technology for the storage of metadata and other valuable transactional data that the firm receives.

Parking Console-

An electronic device that scans the user's Universal Identification Number to make the spot available at their discretion.

Parkres PRS Token ICO Details

ITO Details

  • Private sale- 1st May 2018 till 30th May 2018(10 000 000 PRS)
  • Pre-ITO Sale launch- 15th August 2018 till 15th September 2018 (20 000 000 PRS)
  • Public ITO Sale Event- 1st November 2018 (55 000 000 PRS)

Parameters Of The ICO

  • Token: PRS
  • Model- ERC: 20 Token
  • Platform: Ethereum
  • Accepting: BTC, ETH
  • Exchange Rate: 1 PRS=0.5 USD
  • Hard Cap: 48,000,000 USD
  • Soft Cap: 1,000,000 USD
  • Country: Canada

Token Allocation

  • Public sale- 27.50%
  • Pre-ITO sale- 11.50%
  • Private token sale- 8.5%
  • Promotions and bonuses- 5%
  • Enterprise partnerships- 4%
  • Advisors- 3%
  • PARKRES team- 13%
  • Cryptoeconomics reserve-27.5%

Parkres Conclusion

PARKRES possess all the right quality for an ICO looking to venture into the parking industry. Their idea is solid, and most of the features do seem exciting. Additionally, their Airbnb model for parking could become revolutionary and propel the fintech blockchain start-up.

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