Singapore, Singapore, March 13, 2018 Today, PARKGENE announced the launch of GENE Wallet and the addition of the GENE Card as an extension of the PARKGENE ecosystem, offering massive growth potential for the GENE token as a means of payment for numerous types of transactions and merchants.

The launch of the GENE Wallet and the GENE Card, comes as a result of PARKGENE’s continuous research and development in making PARKGENE the standard for the next generation Parking Market and enable GENE Token as the primary means of payment for all automotive industry payments.

Users are firstly able to store GENE tokens – secondly store other Cryptocurrency as well as Fiat currency and to use the wallet to pay for services across the PARKGENE and the automotive industry ecosystem as well as spending their cryptocurrency for traditional payments of any kind.

"We are excited to launch our GENE Wallet, a powerful, convenient, and differentiated multi-cryptocurrency wallet, for iOS and Android, able to store Ether, BTC, GENE and other ERC-20 Tokens and handle credit and debit cards for FIAT transactions," said John Zarifis, CTO of PARKGENE. “In addition to the GENE Mobile Wallet launch, we are adding E-Money / Credit Card Functionality with the addition of the GENE Card, planned for Q4 2018, in our roadmap. The Users will be able to connect their GENE wallet to a physical card through which they can buy products and services by using FIAT currency. The GENE Card will provide a powerful, easy and flexible way to exchange cryptocurrencies to FIAT by utilizing real time dynamic algorithms to maximize the user’s Crypto currencies portfolio value,” he added.

The GENE Wallet

The GENE Wallet initial release brings a standard set of features with everything users would expect from a robust mobile wallet application.

The GENE Wallet will allow users to conveniently store, buy, and redeem GENE tokens from day 1, while Bitcoin and Ethereum are already integrated and their full functionality will be available before March 15.

The GENE Wallet will also establish a new high-volume acquisition channel for PARKGENE P2P Parking service and present cross selling opportunities for related automotive industry products and services through the GENE Wallet API, further increasing demand for GENE tokens across sectors.

Transactions between GENE Wallets for any cryptocurrency carry zero commission. Additionally, GENE tokens will be the means of payment for transaction fees outside the ecosystem and 33% of these tokens will be burned.

GENE Mobile Wallet v 1.0 Features

· ERC-20 wallet for storing GENE tokens and other ERC-20 tokens which will be integrated in the future
· Wallet for storing Bitcoin and Ether
· Offers advanced security with cold-storage for all cryptos and GENE Tokens
· Buy GENE tokens using credit/debit cards during the ICO with 50% Bonus
· Supports buy, deposit and withdrawal of GENE tokens (after ICO)
· Airdrop of 50 GENE tokens for each new user registration
· Referral bonuses (in GENE Tokens) for community sharing actions

What to expect in future releases

· BTC and Ethereum will be supported in v 1.1
- Buy using credit/debit cards
- Supports deposits and withdrawals
- Cold storage
· More cryptocurrencies supported – including ERC-20 tokens
· GENE Debit Card
· API / SDK to provide developers the ability to tap into the GENE wallet ecosystem as a cryptocurrency payment option. This way it allows users to tap into specialized payments in one of the most rapidly developing industrial and service sectors, the Automotive sector, supporting innovative peer-to-peer and professional automotive industry services.
· Exchange services for supported cryptocurrencies.

“We are very excited that we are able to offer PARKGENE customers a world of automotive services in one convenient application. We foresee enormous growth in the smart automotive products and services space and are launching the PARKGENE wallet to better tap into this ecosystem and to take advantage of growth opportunities.” - Louis Hatzis, CEO PARKGENE

Availability
The GENE wallet application is a mobile application available at the Google Play Store for Android devices. An IOS version is pending release in the Apple Store.
The E-Money Credit Card Functionality is planned for Q3 2018.

About PARKGENE
PARKGENE Pte. Ltd. is scalable blockchain-based platform that enables drivers to book parking directly from individual parking space owners at lower prices, with convenience. PARKGENE’s decentralized technology will supply new parking spots in already crowded cities, which now remain unutilized, by enabling not only peer-to-peer but also the seamless integration of all existing parking technology. PARKGENE is issuing the GENE token, that will be used as a means of payment for parking. Drivers use the GENE token to pay parking spot owners. For more information on PARKGENE and the PARKGENE ICO please visit the PARKGENE website.

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