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parkres.org

DecentralizedParkingReservationSystem

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TableofContentsSUMMARY.........................................................................................................................................................3LEGALDISCLAIMER.......................................................................................................................................4PURPOSE..............................................................................................................................................................................4RISKSANDUNCERTAINTIES..............................................................................................................................................4NOCANCELLATIONANDNOREFUND............................................................................................................................6NOGUARANTEEONTRADING...........................................................................................................................................6NOTEONFORWARD-LOOKINGSTATEMENTS................................................................................................................6

WHATISPARKRES?......................................................................................................................................8INTRODUCTION..............................................................................................................................................8WHYPARKRES?..............................................................................................................................................81. CHALLENGESWITHPARKING........................................................................................................111.1 CURRENTPARKINGSYSTEMS............................................................................................................................11

WHYBLOCKCHAIN?...................................................................................................................................132.PARKRES–IMPROVEDPARKINGSOLUTION................................................................................142.1PARKRESSYSTEMARCHITECTURE....................................................................................................................162.2IMPLEMENTATIONDETAILS...................................................................................................................................172.3POTENTIALPARTNERS............................................................................................................................................212.4PARKRESTOKENS.................................................................................................................................................222.4.1WhyPARKtokensisnotSecuritybutUtilitytoken...........................................................................23

2.5ONLINECUSTOMERSUPPORT.................................................................................................................................232.6KNOWINGYOURCUSTOMERANDANTI-MONEYLAUNDERING.........................................................................232.7SECURITYANDAUDIT..............................................................................................................................................242.8CONCLUSION.............................................................................................................................................................24

3.PARKRESBUSINESSMODEL...............................................................................................................253.1PARKRESMODULES..............................................................................................................................................253.1.1TokenSystem.....................................................................................................................................................253.1.2MobileWalletandPARKApp.....................................................................................................................253.1.3ParkingConsoles..............................................................................................................................................253.1.4SOSServices........................................................................................................................................................263.1.5Third-PartyAdapters.....................................................................................................................................26

3.2LPALMSPLATFORM..............................................................................................................................................263.2.1End-to-EndSolution–LPALMSplatform..............................................................................................27

3.3BUSINESSMODEL.....................................................................................................................................................273.3.1RevenueStream................................................................................................................................................273.3.2PotentialMarket..............................................................................................................................................283.3.3UseCases..............................................................................................................................................................29

4THEPARKRESROADMAP.....................................................................................................................315PARKRESITO............................................................................................................................................325.1ITOPLANANDKEYFACTS.....................................................................................................................................325.2PARKRESTOKENCONTRACTS............................................................................................................................325.3ITOALLOCATIONS...................................................................................................................................................335.4PROTECTION.............................................................................................................................................................35

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SummaryPARKRES provides a state of the art sensory network to track and manage parkingspots across a city and parking lots. It employs an IoT (Internet of Things) basedsensory network to track andmonitor the parking spots across parking locations tosuggestorallowyoutoreserveparkingspotsclosesttoyourdestinationinadvance.This revolutionary service saves countless time, hassle, traffic congestion, fuel andpaperwasteastransactionsaremadewiththePARKREScryptocurrencyandpaymentscanbemadebyphone, online, autopayments, ormonthly subscriptions. SystemalsoallowsmakingpaymentsbyFIATcurrenciesandcreditcardsifuserchosetodosooverdigitalcurrencies.PARKRESsystemisreinventingtheparkingindustry,asweknowittoday.OnPARKRESplatform userswould be able to register or list their own free/open parking spaces,garagestorentoutandmakemoneyfromit.Itwouldrevolutionizetheprivateparkingrentalindustry,andprovideusermeanstocapitalizeontheiremptyandunusedspace.Parkres is an easily adoptable Green, Clean and Smart Parking Reservation PlatformthatisaccessibleoverapublicAPIandfreelyavailablemobileapplications.Byutilizingthe Ethereum Blockchain and PARK Utility Tokens, PARKRES will offer a variety ofsolutionsandsmartcontractsthatwilldirectlybenefitawidespectrumofstakeholderswithinurbanmetropolisesandsmallercities.

Parkres is design with an intension to continuously improve the flow of traffic anddecrease carbon monoxide emissions and congestion. At the same time replace andrenew outdated technology and investing in smart parking solutions through IoT(Internet of Things) devices, green field appliances, a real-time parking app anduniversaldashboards.

Thewhitepaperisdividendinto5sections.

1. Showtheissueswithcurrentparkingsystems2. ShowhowPARKRESwillprovidesolutiontoParkingproblems3. PARKRESbusinessmodelandenhancements4. OutlinePARKRESplanandprogresstoprovidethesolutionand5. Tokenlaunch,detailsandallocations.

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NoticeIfyouarenotsureaboutjoiningintothefollowinginitialtokenoffering(ITO),pleaseconsultwithprofessionaladvisersinthefieldsoflegal,taxandfinancial.

Legaldisclaimer

PurposeThepurposeofthisWhitePaperistopresentPARKRESandthePARKtokentopotentialtoken holders in connectionwith the proposed ITO. The information set forth belowmaynotbeexhaustiveanddoesnotimplyanyelementsofacontractualrelationship.Itssole purpose is to provide relevant and reasonable information to potential tokenholdersinorderforthemtodeterminewhethertoundertakeathoroughanalysisofthecompanywiththeintentofacquiringPARKTokens.NothinginthisWhitePapershallbedeemedtoconstituteaprospectusofanysortorasolicitationforinvestment,nordoesitinanywaypertaintoanofferingorasolicitationofanoffertobuyanysecuritiesinanyjurisdiction.This document is not composed in accordance with and is not subject to laws orregulations of any jurisdiction, which are designed to protect investors. The producttoken is not a digital currency, security, commodity, or any other kind of financialinstrumentandhasnotbeenregisteredundertheSecuritiesAct,thesecuritieslawsofany state of the United States, Canada or the securities laws of any other country,including thesecurities lawsofany jurisdiction inwhichapotential tokenholder isaresident.ThisEnglish languageWhitePaper is theprimaryofficial sourceof informationaboutPARKRESandPARKTokens.Theinformationcontainedhereinmayfromtimetotimebe translated into other languages or used in the course of written or verbalcommunicationswithexistingandprospectivecustomers,partnersetc.Inthecourseofsuch translationorcommunication, someof the informationcontainedhereinmaybelost, corrupted, or misrepresented. The accuracy of such communications cannot beguaranteed. In theeventofanyconflictsor inconsistenciesbetweensuch translationsand communications and thisofficialEnglish languageWhitePaper, theprovisionsofthisEnglishlanguageoriginaldocumentshallprevail.

RisksanduncertaintiesThePARKRESplatformisnotyetdevelopedandissubjecttofurtherchanges,updates,and adjustments prior to its launch. Such changes may result in unexpected and

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unforeseeneffectsonitsprojectedappealtousers,possiblyduetothefailuretomeetusers’ preconceived expectations based on this White Paper, and hence, impact itssuccess. For the foregoing or any other reason, the development of the PARKRESplatformandlaunchofPARKRESfuturebusinesslinesmaynotbecompletedandthereisnoassurancethatitwillbelaunchedatall.Additionally, in a down-cycle economic environment, PARKRES may experience thenegativeeffectsofaslowdownintradingandusageofthePARKRESplatformandmaydelayorcancelaltogetherthestructuringandlaunchoftheanticipatedPARKRESfuturebusinesslines.Further, should the costs, financial or otherwise, of complying with any newlyimplementedregulationsexceedacertainthreshold,bearinginmindthefactthatit isdifficult to predict how or whether governments or regulatory authorities mayimplement any changes to laws and regulations affecting future business lines,maintaining the PARKRES platform and structuring and launching PARKRES futurebusiness lines may no longer be commercially viable, and the Company may opt todiscontinuethedevelopmentandoperationofPARKRESplatform.Wemaynotbeabletopayanyanticipatedrewardsinthefuture.Thereisnoassurancethat there will be sufficient engagement in the PARKRES platform and that you willreceiveany rewards/discounts.Theabilityof theCompany topayany reward toyouwill depend on the future results of operations and the future business and financialconditionoftheCompany.Inthecaseofunforeseencircumstances,theobjectivesstatedinthisdocumentmaybechanged.Despitethefactthatweintendtoreachallgoalsdescribedinthisdocument,allpartiesinvolvedinthepurchaseofPARKtokensdosoattheirownrisk.ThefundsraisedintheITOareexposedtorisksoftheft.TheCompanywillmakeeveryefforttoensurethatthefunds will be securely held in blockchain wallets. Notwithstanding such securitymeasures,thereisnoassurancethattherewillbenotheftofthecryptocurrenciesasaresultofhacks,sophisticatedcyber-attacks,distributeddenialsofserviceorerrors, inthesmartcontract(s)on theEthereumoranyotherblockchain,orotherwise. Insuchevent, even if the ITO is completed, the Company may not be able to receive thecryptocurrenciesraisedandCryptoKartInc.maynotbeabletousesuchfundsforthedevelopment of the PARKRES platform. In such case, the launch of the PARKRESplatformmightbetemporarilyorpermanentlycurtailed.

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NoCancellationandNoRefundAllPARKtokenordersaredeemedfirmandfinal.TheClientacknowledgesthattheyarefully aware that they will not be entitled to claim any full or partial reimbursementunder any circumstances whatsoever. As the sale of the proposed tokens is strictlyreserved for experienced professional clientele, the Clientmay not claim any right ofreturnagainstPARKRES.

NoguaranteeontradingTheCompanywillusereasonableendeavorstoseekapprovalfortheavailabilityofthePARK tokens for trading on a cryptocurrency exchange. Furthermore, even if suchapprovalisgrantedbyacryptocurrencyexchange,thereisnoassurancethatanactiveor liquid trading market for the PARK tokens will develop, or if developed, will besustained after the PARK Tokens have been made available for trading on suchcryptocurrencyexchange.TheCompany isnotresponsible for,nordoes itpursue, thecirculation and trading of PARK Tokens on themarket. Trading of PARK tokenswillmerelydependontheconsensusonitsvaluebetweentherelevantmarketparticipants.

Noteonforward-lookingstatementsAllclaimsandstatementsmadeinthisPARKRESwhitepaper,PARKRESwebsite,pressreleasesmadebyPARKRES,alsoanyoralstatementsmadebyPARKRESteammembersofagentsactingonbehalfofPARKRESthatarenotanaccomplishedfactmayrepresentso-calledforward-lookingstatements.Someof these forward-looking statementsmaybe considered suchby containing thefollowing terms: “will”, “anticipate”, “plan”, “aim”, “target”, “expect”, ”estimate”,“envision”, “intend”, “project”, “may”, “believe”, “if”, or any other such terms. Further,the terms listed above are not necessary to identify a forward-looking statement. Allstatementsthatinclude,butarenotlimitedtoanyfinancialprojections,estimates,plansor possible trends, risks, as well as future prospects of cryptocurrencies should beconsideredasforward-lookingstatementsaswell.These forward-looking statements are not yet accomplished facts andPARKRESdoesnot take responsibility and cannot guarantee that the future results will correspondwithabove-mentionedforward-lookingstatements.These forward-looking statements are also provided as-is and PARKRES takes no

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responsibility for updating these forward-looking statements, should any informationrelevanttothepertainingforward-lookingstatementsbecomeavailableinthefuture.No information contained in this white paper should be considered as a promise,representation of commitment or undertaking as to the future performance of thePARKRESplatform,PARKtokenoranyothercomponentofthePARKRESecosystem.

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WhatisPARKRES?

IntroductionPARKRES isaneco-system,which isdesignedwithan idea tosimplifyour lives.Withtheadvancementoftechnology,everythinghasbecomesoeasilyaccessibleatthesametimeeverythingissodifficulttounderstandandsyncin.Asmallthingsuchasparking,whichwashardlyanissueintheolddays,nowitissuchararecommoditytofind.Tofindaparkingspotissuchafrustratingandtime-consumingexperiencethesedaysthatpeople often have to leave the primary task and focus their time and effort on thisunnecessarilyimportanttask.PARKRESisjustabouttochangethat.

WhyParkres?Some statistics based on research conducted inUS, UK andGermanywhichmakes itevenmoreimportanttohaveasystemsuchasPARKREStoshowsomesolutiontotheseever-growingproblems.

EconomicDisadvantagetoConsumers/Drivers (INRIXResearchPaper–2016-2017Survey)

Events Time Costs (Combined) Average Loss of time in Finding affordable parking spot per Driver in UK

44 hours $33 billion annually

Average Loss of time in Finding affordable parking spot per Driver in US

17 hours $72.2 billion annually

Fines paid in Parking ticket in UK -- $44.2 billion annually Fines paid in Parking ticket in US -- 95.7 billion annually Traffic Congestions in UK 46 hours 37.7 billion annually

Non-EconomicandHealthDisadvantages

Events % Source Argument and fights with fellow drivers due to frustration in Male drivers, causing traffic issues

32% 2016 Survey US

Stress and Anxiety issues in Female drivers 69% 2016 Survey UK Missing important appointment like hospital, meetings, flights, business meetups.

40% 2016 Survey UK

Abovenumbershowshowbigproblem,parkingreally is,whichweoften ignore.Thishas caused huge in terms of money, environmental problems, health issues, trafficissuesandsoon.

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AccordingtoINRIX2017survey,takealookattrafficsituationsinsomeofthetopcitiesaroundtheworld.Almosteverycountrydevelopedornotisfacingthisissuetoday

InUSALosAngeles tops the indexwith102hours spent on an averageperdriver intrafficcongestion.

Londonersspendsabout74hoursayear/driverintraffic.

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1. ChallengeswithParkingIntoday’sworldwhereacarhasbecomeanecessityratherthanaluxury,parkinghasbecome an equally important aspect of day-to-day life. Anyplace you travel, the firstthingtoconsiderisparkingapartfromagasstation.Withthepopulationexplosionandmorevehiclesonthestreetthaneverinthehistoryofamankind,itisbecomingmoreandmoredifficulttoaccommodatethetrafficonthestreet.Andsotheparkingplaces.Many timespeopleendupspendingmore time findingaparking spot thandoing theactualworktheyareout for.Parkingspothasbecomeararecommodityespecially inthe downtowns, city center, shopping complexes, marketplaces, theaters, stations,hospitals,andofficespacesandsometimesevenattheairports.Findingaparkingspotatthedesiredlocationisamatterluckandarareoccurrence.Thescarcityofparkingspotsalsogivesrisetosomeotherenvironmentalandeconomicdisadvantages,whichweseldomrealize.Peoplespendmoreandmorefueljusttofindaparkingspotthaninactualtravel.Also,lookingforaparkingspotinthecrowdedplaceleadstoaccidents,whichleadstofrustratingtrafficjams.Peopleoftenhavetodriveonlowergearstosearchforparkingspotscausingmoreemissionofharmfulgasesintheatmosphere,whichleadstoariseinCo2contentsaddingtoglobalwarming.Morethedriving,moretheconsumptionofnon-renewableresourceslikefuel,moretheemissionofgases.Manytimespeopleendupparkingintheno-parkingzoneincaseofemergencyhospitalvisits.Thepatienthastosufferevenmore.Eventually, itcausesfurtherparkingissuesandaddstothetrafficwoesaroundthehospitalforotherpatientsandambulances.Itisaviciouscircle.

1.1 CurrentParkingSystemsTherearedifferenttypesofparkingsysteminstallationsatdifferentplaces.Eachhasitsownadvantagesanddisadvantages.Majorityoftheseparkingsystemsareunmanaged.Fromfiguringoutanemptyparkingspottoreachingthespotontimebeforesomeoneelsetakesit, it isamadrace.Mostoftheseparkingfacilitiesarepayasyougosetups,whereyoutakeaticket fromthekioskwhileenteringtheparkingareaandpaywhenyouleavedependinguponthetimeyouusetheparkingspotfor.Theparkingsystemstodayonlyprovidesasmartpaymentsolutionbut lacksnumbermanagementsolution.Threemain parking systems in use today are TIBA, Kiosk, and Native. Kiosk is verycommonandeveryoneisawareofthissystem.Thisisageneralsystemthatyouwouldfindinanyshoppingcomplex,Airports,TrainStationsetc.Youtakeaticketwhilegoing

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inandpaywhilegoingoutbyvalidatingyourticket.TIBAalsoworksinasimilarmanner,butitprovidessomemoreoptionstovalidatethecustomer’s ticket over onlineweb console ormobile devices. Native parking systemsare also very common in core downtown places, where a parking booth would behumancontrolledandyoupayaflatparkingprice.Alltheparkingsystemsacceptallpopularpaymentmethodslikecreditcard,debitcardor cash, but ifKiosk isunable to read the card thenyouare stuckat thehandsof anagentresultinginlongqueues.Withcryptocurrenciesandotherblockchain-basedproductsforpaymentsolutions,thestory is completely different. Critically important is the fact that there are usually nomiddlemen between the two parties making the transaction. This fact brings somemajorbenefits:● Ittakessecondstoperformthetransactions.● Transactioncanbedoneoveramobile,noneedtowaitatthekioskorboothfor

payment.● Nohassleofcashorchange.● No problem of currency exchangeswhile traveling different countries or on a

roadtrip.● Transaction can be automated and no need to wait in queue for making

payments.

Morepointstoconsiderandhighlighttheproblemindetails:

• Drivers inNewYorkCity spentanaverageof107hours (againstanationwideaverage of 17) per driver per year looking for parking, and this costs them$2,243perdriverperyear.Wastingtimeandfuelmakesupthebiggerpartofthecostforsearchingparkingspots

• Londonersendupdrivingaround67hours(againstthenationalaverageof44)perdriverperyear,whichcoststhem$1,566perdriverperyear.

• Thesearenosmallamountsofmoneytowastejustonparking.• Because of outdated technology and unreasonable rates, drivers also end up

payingforhoursofparkingthattheydonotneed• Reasons for this includehaving topay foraminimumof twohourswhileonly

needing30minutes• Payingforextrahoursoutoffearforparkingtickets.• Onaverage,driversintheU.S.overpayfor13hoursperyearwhiledriversinthe

U.K.dothesamefor45hours• In the most extreme cases we’re looking at 96 hours per year and $896 per

driverinNewYork,against67hoursperyearand$539perdriverinLondon.

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• TrafficCongestionandDelaysduetoparkinghuntersinthecitiescausingpollutionandcarbonmonoxideemissionintheenvironment,whichaddsuptoglobalwarming.

Parkingavailability,wastedsearchtime,costofparkingandstressrelatedtoparkingmakeupforthemostfrustratingaspectsoftheirendeavors.

WhyBlockchain?There are several parking authorities and parking providers that exist today, each ofthemworking on different set of policies, standards and framework. This creates anunregulated, unchecked marketplace. If you notice, there are no rate regulations,controlsor standards inplace,when it comes toparking charges fromplace toplace.Parking ratesmayvary anywherebetween$2 to $10perhourdependingon variousfactors.Thisneedstoberegulatedandstandardized,soconsumersdon’tpayridiculousamountofmoneyonparking.Blockchain can easily solve the issue. Especially ethereum-basedblockchain,which iscapableofmanagingandexecutingsmartcontracts,hasbenefitsovertheothers.Smartcontractscanbesetupbetweenparkingprovidersanddifferentparkingauthoritiesinsuchawaysoparkingratesacrossaparticularzonecanbestandardizedandcontrolled.Since the rates and terms will be managed over blockchain and executed by smartcontract, there is no possibility of tempering andmanipulation of the policies, so nosystemcanbypassit.Consumersdonot have toworry about parkingpaymentswhenondomestic landorforeign. Since blockchain allows payment via digital currencies, so no currencyconversion overhead costs or international credit card transaction charges for thecustomer.Parkingexperiencefortheconsumerswillbecomeseamless.Parkingprovidersdonothavetoonboardandsupportdifferentpaymentgatewayslikevisa, MasterCard, Moneris which charges anywhere between 3.9 to 10% on everytransaction.Millionsofdollarsarepaid tobrokerapplicationsandpaymentgatewaysjust to process transactions and on credit card transaction fees. Parking providerswouldbeabletosaveallthisrevenue.Thiswillboosttheefficiencyandproductivityoftheirparkinglocations.

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2.PARKRES–ImprovedParkingSolutionCan traditional parking players provide fast, efficient, affordable parking services tobusinessesandindividual’sneed?TheanswerisNO.Theycansimplifytheirfront-endoperations,but themachinerybehind it still causesproblemsbecauseof theway it isstructured.

ParkresSolutionProvides

• real-timeparkingavailability,• advancedparkingreservation,• advancedpaymentandnavigationtoparking.• Notificationsandupdatesabouttrafficcongestion• Alternateparkingspotsuggestions• Parkingairbnbsystem,tohelpreduceparkingscarcityinthecity

Onanaverageonly8%ofAmericansusessomesortofparkingreservationapplications.Only7%ofAmericansusessomesortofrealtimeparkingupdatesystem.WhichmeanwearetargetingaveryfertileandhighlyavailablemarketthatcouldbenefitfromPARKRESinnovationandseeksomeimmediateimprovementintheirlifestyle,environmentaroundthemandatmospheretheylivein.SincePARKRESwillhelpreducecarbonmonoxideandcarbondioxidefootprint,itwillalsohelpreducingenvironmentdis-balancecausedbytrafficandpresentparkingsituations.

PARKRES uses IoT sensory network over cloud based solution, which can be easilyadaptedby cities,municipalities, institutions and individual customers. PARKRESwillrun on Ethereumblockchain based platform,which could host smart contract. Thesesmartcontractsmakeitpossibletohaveanimmutableagreementbetweencompanies,institutions,governmentauthoritieslike(municipalities,parkinggovernancesystems)and consumers. The smart contractwillmake sure that driverswouldpayonlywhattheyhaveusedfor,nomoreextrapaymentsorparkingticketfear.PARKRES will also help reduce the traffic situation in the downtown area, which iscausedduetothesecondarytrafficofparkingspothunters.Peoplecanavoidgoingtotheareaswhere there isnoparking spotavailable.Or canpre-book their spotbeforereachingthedestination.PARKRES system also has a smart notification service, which can provide real-timealertstocustomersofallavailableparkingspotsandlocationsaroundthem.Itwillalsobeable toprovidea reportofhowmanyparkingspotsareavailableatwhat locationwithcoordinatestotheparkingspot,sothecustomerdoesn’thavetocirclearoundtheparkingfacilitytosearchforanemptyspot.Thiswillsavealotoffuelconsumptionandtime.Andwill also save the environment of the harmful gas by burning the preciousnaturalresources.Thiswouldalsocontroltheaccidentstosomeextentcauseddueto

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over parking or long parking queues, especially in the downtown and city centerlocations.PARKRES system uses cryptocurrencies as amode of payment and payments can bemadebyphone,online,autopayments,monthlysubscriptionsetc.Thiswillsavealotoftime,which iswasted on payment kiosk. It will also save paper,which iswasted onprintingparkingticketsasPARKRESsystememploysauthenticationtoken-basedentryand exit validation. This will avoid the need for printing any parking tickets, hencesavingtonsofpaperbeingwasted.Parkresisdesignedwithaviewtotargetspecificproblemsofsociety,environmentandtransportation industry. Parkres will provide a real-time, affordable, standardized,green, and clean parking solution on global scale. It will help consumer to find andreserve a parking spot near their destination anytime anywhere, by significantlyreducing time they spent in search of parking, fuel they lose, traffic issues andcongestionsandenvironmentpollutiontheycauseintheprocess.

In Addition to that Parkres will offer a LPALMS platform (Local Parking LocationMonetization Platform), whichwill allow people to list their unused spaces, garages,parking alleys on Parkres platform,whichwill be shown to consumers searching forparking spot in that area.Thiswill help reduce the shortageof parking spaces in thecities, also people will be able to make money from their otherwise useless space.Imagine your parking spot making money for you while you are working in office,watchingmovieorenjoyingvacationwithyourfamily.

ParkreswillprovideauniversalandstateoftheartdashboardtoallpartieslikeParkingproviders,Garageowners,ParkingAuthorities,Institutions(Airport,Hospitalsetc),andIndividual Customers which will show the real time availability and rates for anyparking spot across the city/cities thereby cutting the middleman from the process,whichdrivestheparkingrateshigherandhigher.

These dashboard systems will be connected to Parkres cloud, IoT networks andgateways. The traffic data feeds from different institutions including Google, parkingauthorities will help our system to provide consistent and real time notifications toconsumersaboutanytrafficcongestionsandsuggestthemalternateparkingspots.WithmoreandmoreautomobilecompaniesheavilyinvestingonIoTtechnologiesandsmartcar initiatives, Its just a matter of time when almost every car company will becompatibletoconnectandintegrateParkresopenApisandsmartparkingsolutionintotheirconsoles.WewillbepublishingopenAPIstothecommunitysotheycanuseallthestateofartservicesthatParkresisintegratingintoitssmartsolution.

ParkresecosystemrunsexclusivelyonPARKutilitytokensontheEthereumblockchain.Parkres will also allow users to make parking reservations using other crypto

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currenciesorFIATcurrencies(USD,GBP,EUROetc).However,touseParkresAPIsandsmart solutions, upgrade Parkres provided applications and devices users will needPARKutilitytokens.DependinguponthetypeofcustomerstherewillbevarietyofAPIsexposed,which canbe calledandutilizedusingPARKutility tokens. Similarly,peoplelisting or offering their parking spots facilities on Parkres platformwill earn Parkrestokens.

2.1PARKRESSystemArchitecture

Abovefigureshowsthehigh-levelenterprisearchitectureofthePARKRESSystem.Itishighlyscalableandflexibleandmakesuseoflatesttechnologiesforitsimplementation.The customer operations and front office operations will be made available on allpopulardeviceslikeiPhone,Android,WindowsandoverWeb.Datawillbeservedovera secured cloudnetwork.The core component consists of IoT sensormodules,whichrelayseventstoIoTgateway.IoTgatewayaggregatestheeventandtransformsthedataintoamachine-readableformat.Withthehelpofmachinelearninganddataanalytics,thesystemwillbeabletooptimizetheparkingsearchovertimeandprovidethemostaccuratelocationsintheleasttimeoncustomer’sdevices.Backofficeoperationwillbeavailable tosupportcustomers24/7withany issuesorconcerns theyhaveregardingtheirbookings,useofthesystem,useofconsoles,oranyothertechnicaldifficulties.

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2.2ImplementationDetailsPARKRES system consists of hardware components like sensors, transponders,gateways, multiplexers, transmitters etc. and also many software modules andcomponents. Below is the system interaction and component network diagram forPARKRESsystem.

Parking Cluster: It’s a mesh of multiple parking facilities across a city. Each city isdividedintoacluster.Similarlytherewillbemultipleclustersfordifferentcities.Eachclusterwilltalktoadedicatedgatewayandnetworkserver.TheseparkingclusterswillbeequippedwithIoTsensorsandtranspondernetwork,whichcommunicatesparkingspotchangeeventstogateway.Parking Console: It’s a electronic device that would read Universal IdentificationNumber fromuser’sdevice.UINwillbe in the formofaQRcode.User’sPARKwalletaddresswillserveastheirUINonParkresnetwork.ParkingConsolewillscantheUINandpresentsa touchscreenwithavailableparkingspot forselectionandreservation.OnceUserselectsaspot,atransactionwillbetriggeredtocontractonblockchain.

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IoT/SensorGateway:Gatewayisadevice,whichiscapableofreceivingalltheIoTandSensor communications. Sensor network from parking facility will communicate theeventdatatogateway.Gatewaythenfeedsthistonetworkserversinbatches.Adapter: Adapter is a software component, which provides capability of datatransformation, orchestration, data enrichment, data translation, aggregation, routingand data massaging. Different devices on network talking different technologies cancommunicatethroughadapter.Cloud:Datacenterwillbehostedoncloud.Itwillstorethemetadataandtransactionaldatareceivedfromdifferentgatewaymodulesandsoftwarecomponents.Dataisstoredandreadfromcloudviabigdata,queryplexframework.ThiswillserveasasourceforBusinessAnalyticsandTelemetryforbusinessdevelopmentandexpansion.Devices:DevicescanbemobilesdeviceslikeiPhone,Samsungetc.orDesktop,Laptop,Tablets,whichwillallowuserstoperformparkingdiscovery,reservationsandrequiredtransactions.Smart Contract: PARK smart contracts, written in solidity, controls the transactionsperformed during parking reservation. Smart contract will hold the parking chargesonce theuserscansUINat theparking locationorat thestartof thereservationslot.When User leaves the parking spot, Sensors activates the network and triggers aconfirmationtocontract,contractthentransferstheamountequivalenttoparkingtimeusedtoPARKwalletandreversesanyaccessamountbacktouserwallet.NetworkServers:NetworkServersreceivesthedataandeventsfromdifferentsystemsinthenetworkandstorethemovertocloud.Theyformthebackboneoftheecosystem.EverydatatransactiondirectlyorindirectlygoesthroughNetworkServers.HowitWorks?

TheParkresAppworksondatacollectedandarrangedby3differentalgorithms thatworksinsymphony-Geo-Taging,LocationIndexingandIoTeventgenerator.DatawillbecollectedrealtimeandcontinuouslyoverIoTnetworksandothersensorynetworksandhostedonacloud.WherebasedontheprincipleofMDMprobabilisticmatchingitwill be collapsed andmergedwithmetadata collected fromGeo-Taging and Locationindexing during the installation and onboarding of parking facility on Parkresecosystem. This datawill be served tomobile applications and Dashboard across allconsumersof theParkressystem.Thiswilldeliverasinglesourceof truthandall theconsumersandpartnerswillhaveaccess to samesystem,dataandservices.Thiswillalso cut off themiddleman from the system there by standardizing the parking ratesacrosscities.

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Users once registered on Parkres app, can search for a parking spot near theirdestination by providing a postal code or complete street address and timeslot. Thesystemwillpresentall theavailableparking locations fortheParkresdata-lake,alongwith average parking prices and number of available parking spots at each location.Userwouldthenselectoneparkingfacility,whichwillprovideuseradeeperandmoredetailedviewoftheselectedfacility.HereUserwillbeabletoselectaspecificparkingspotofhischoice fromtheavailableparkingspotsat that location.Onceselected thiseventwillbesenttoparkingmanagerconsoleonParkrescloud,whichwillupdatethebackendsystemwithreal time.Sootheruserssearching for theparkingspotwillnotsee this spot on their screen for the already booked timeslot. Upon booking a spotsuccessfullyuserwillbeabletoseeandmanagehisbookingintheParkresApp.UsersParkreswalletkeywillworkashisUIN(Universal IdentificationNumber),whichwillremovetheneedprintinganyparkingcodeorgeneratingadifferentcodeforusereachtimetheybook.Thiswillreducepaperwastageandunnecessarycomputationpower.

UsercanthenapproachthebookedparkinglocationwiththehelpofguidednavigationprovidedbyParkresapp.AttheparkingfacilityusercaneitherflashtheirUINcodetotheParkresconsole togainaccess to theparking lotorusea touchlessentry into thefacilitybyinstallingRFIDdevicesprovidedbyParkres.TheUINandRFIDcodeswillberecognizedbythesystemandgrantuseraccesstoparkingfacilitywheretheyhavepre-bookedtheirspot.Atthispointsystemwilltriggeratimeronusersaccount.WhenuserleavestheparkinglotbyflashingUINorRFIDatransactionwillbetriggeredonSmart-Contract,whichwilldeductthetokensfromuserswallet forthetimeusedbyuseron

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the parking facility. This way user will never have to worry about parking tickets,waitinginpaymentqueuesattheKiosk-wastinghistime,orevenworryaboutparkingpayments.TheParkreswalletwillbeintegratedwithintheParkresappanddashboardproviding users with seamless payment, parking reservation, parking managementexperience.Incaseofanytrafficissues,systemwillnotifyuseroftrafficcongestiontohisbookinglocationandwillalsosuggestanalternativespotclosesttohisdestination.Userwouldbeabletochangehisreservationwithasingleclick.

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2.3PotentialPartnersPARKRESsalesteamwillbetargetingmajorparkinglocationlikeShoppingcomplexes,Airports,TrainStations,Stadiums,Theaterspaidparking’ssothatmajorityoftheplaceswill be covered. And then approach small parking locations like Hotels, Apartments,native parking sites. The program will be launched in Canada first and then rest ofNorthAmerica,followedbyIndia,UK,Germany,andsoon.

Drivers -Youare theprimaryconsumersof theParkresecosystem.Youwillgetreal-timeinformationtoparkinglocations,trafficupdates,andaffordablerates.Youwillbeable tosignificantlysaveyour time,money, fuelandEnergy.Nomoreparking tickets,Nomoretowingvehicle,NomoreextrapaymentsandNomorewaitinginlogqueuesforpayingparkingcharges.Youwillhavemoretimeforyourworkandyourfamily.

ParkingAppProviders–Parkres isdesignedandarchitecturewithextensive flexibleand scalable framework. It can be easily integrated and adapted by existing appprovidersandserviceproviders.BymakinguseofParkresspecificAPIs theywouldeabletomakeuseofallsmartsolutionsParkreshastooffer.

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SoftwareHardwareProviders–ParkresworkswithIoTsensorynetworkovercloud.The event detection mechanisms for vehicles are based on Sensors, RFIDs andBarcode/QRCodereader systems.SoftwareandHardwareproviderswouldbeable topartnerwithParkresandprovideParkrescompatibleconsolesanddevices.Wewanttobridge the gap between provides and consumer by providing a seamless integrationmedium.

ParkingSpotOwners–Nomatterwhoyouare,aninstitution,garageowner,council,parking authority, or individual owner with parking spots. With the help of Parkresconsoleyouwouldbeabletoofferandmanageyourspotsdirectlytomillionsofparkingseekersoutthere.Youwillgetimmediatevisibilityonglobalplatformandamediumtomonetize your unused spot and increase you revenue by reducing redundancies andcongestions.

RealEstatesFirms–Youmanagemanyparking facilitiesandoftenhave toemployaParkingmanagementteamandpaymentmanagementsystem.WiththehelpofParkresyou would be able to cutout the middleman and save millions on outdated ParkingmanagementsystemandPaymentgatewayfees.

App Developers – Parkres promotes open APIs and innovations. But also wants tomaintainthequalityofserviceandeaseofaccess.AppdeveloperswouldbeabletouseParkresopenAPIstodevelopsmartapplications.ParkresisalsointroducingaconceptofInnovationUniversity,wheredevelopersanddesignerscanproposetheirideasandimprovementtohelpmakethesystembetterandcangainhugebenefitsandrewardsfromtheprogram.All the initiativewillbesponsoredandsupportedbyParkresR&Dteam.

2.4PARKRESTokensPARKistheofficialtokenforPARKRESecosystem.Tokenscanbeusedin2ways:● asUtilityTokensand● asValuetokens.

Utility tokens provide discounted parking rates to the token holders, when they usethese token. These tokens will be used to make the payment against parking andreservations. To use PARKRES APIs PARK tokens will be needed. PARK tokens areutilitytokensasitisneededtousethePARKRESecosystemandintegrationframework.UsercanchosetostakePARKtokensasvaluetokensinthiscasetheywouldworklikebonusaccumulatingtokensor loyaltytokens.TousePARKasValueTokensthetokenholdershouldhold the tokens in theirPARKwallets, inotherwords,stake the tokensfor a fixed amount of period, once they do so, these staked tokens will gain loyalty

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bonus, which will be released by the company from time to time. Bonus allocationwouldstartoncethePARKRESplatformissuccessfullyinstalledandoperationalforthepublicuse.

2.4.1WhyPARKtokensisnotSecuritybutUtilitytokenGlobally,tokensareconsideredeithertobeutilityorsecurity.Asthenamesuggests,utilitytokensaretokens,whichhaveanunderlyingutilityfunctionwithintheplatformorproduct,whereassecuritytokensaresolelyusedasafundraisingandtradingcurrency.As this whitepaper has properly proven, PARK is a utility token. End-users engage intransactions with other end-users and can either spend or earn PARK tokens throughseveralactionswithinboththeParkresParkingappandtheParkresPlatform.PARKis, inotherwords,aconsumableresourceonallofParkresproductsandservices.

2.5OnlinecustomersupportThePARKRESonline customer support team is ready to dealwith any inquiries.Ourteamofdedicatedprofessionalshandlesallissuesandinconveniences.Supportwillbeaccessibleonlineandviamobile, ensuring thenecessarycommunicationchannelsareonofferwhenrequired.Weunderstandthatcontinuous,high-qualitysupportisthekeytosuccess,whichiswhyweprioritizeprovidingtheveryhighestlevelofclientsupport.Everyuserspreadsthewordabouttheirproductexperience,andwewantthisword-of-mouth communication to be positive, encouraging more customers to join ourcommunity.Wewilldedicateallthenecessarytools,resourcesandpeopletomakethishappen.

2.6Knowingyourcustomerandanti-moneylaunderingAnonymousandpseudonymoususeofPARKRESserviceswillnotbepossible.Alluserswillberequestedtoprovidesatisfactoryidentification,proofofresidenceand/orotherdocumentsnecessarytomeetalllegalrequirements.AMLmoduleswillbe integrated into thepayment infrastructureofferedbyPARKRES.Thatsaid,thesemeasuresarenotintendedtomakeusers’livesdifficult.Thegoalhereistosystematicallyimprovethecredibilityofcryptocurrenciesasfairandlegalmeansofpayment.We will use a leading KYC service provider to deliver our users a fast and effectiveonboarding process. PARKRES is entitled to bring top-level Know Your Customerstandards to its business operations. What’s also important to note is that theauthentication process we have designed is intended to avoid the shortcomings ofsimilarprocessesused.

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This authentication service will offer maximum convenience, and the verification ofuserinformationshouldtakenolongerthan24hours.

2.7SecurityandauditToensurePARKRES’sabilitytocomplywithsecurityrequirements,weaimtoconductexternalsecurityauditnolessthanonceperyear.ThescopeofsuchauditencompassestheentirePARKRESplatform.Firstsuchauditscheduledtobeheldinthesecondquarterof2019.We will also use independent security audits of a narrower scope throughout ourproductdevelopmentlifecycle.Oursecurityphilosophyisbasedontwomainprinciples:● Creating a reliable technology platform that has sufficient protection from

externalthreatsbydesign.● Protection from the human factor through adherence to widely accepted best

practice

2.8ConclusionPARKRES is a project that aims to bring revolution in parking system and introducecryptocurrencies into your everyday life. At present, the growing numbers of peoplewhowishtointegratecryptocurrenciesintotheirdailytransactionsstillfacetoomanyobstacles.Webelievethatcurrentlytheparkingindustryisstilloperatingonthegenerations-oldmodelanditneedsamajorchange.Thisindustryhasremainedalooffromtechnologicaladvancementforalongtime.Webelievethestepforwardneededistobridgethegapandremovetheinefficienciesinthesystem.Simultaneouslyhelpsavetheenvironmentofitsnon-renewableresources,papers wastage, traffic issues, accidents etc. and help people spend more time withfamilyandlesstimeonfindingaparkingspot.

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3.PARKRESBusinessModelPARKRES's eco-system comprises of different parts of the platformwe offer. Below are themainmodulesofthePARKRESplatform,followedbythebusinessmodel:

3.1PARKRESModules

3.1.1TokenSystemPARK is the official PARKRES token; these token will be available for purchase as part ofprivate,pre-ITOandITOphase.PARK will be used as a utility token, which will allow a user to use these tokens in thePARKRES, managed parking locations for discounts, reservations, pre-booking etc. PARKtokens will be required to make use of any Parkres exposed APIs to different serviceconsumers.PeoplemaychoosetoholdandparticipateinParkresloyaltyprogrambystakingthe tokens, as value token instead of spending them. They will benefit from PARK tokensvaluationgrowth,asthedemandwill increase,asmoreandmoreconsumersareon-boardedon the Parkres platform. PARK tokens fuels the Parkres platform, and with mass adoptiondemandforthetokenswouldsignificantlyincreasebenefitingthetokenholderdirectly.

3.1.2MobileWalletandPARKAppAconvenientapplicationformanagingallofyourutilityordividendtokens.Themobilewalletwill be inbuilt in PARKApplication,whichwill allow the user tomanageparkingsystemand their reservations.PARKappwillbeavailableonAndroid, IOSandWebbasedinterface.

3.1.3ParkingConsolesThese will be installed at designated parking location to manage and monitor the parkingactivities.ParkingconsoleswillbeequippedwithUINscanner/readerandIoTfeedintegrationmodule with dashboard panel. User would be able to choose desired parking spot on theconsolewhilepresentphysicallyontheparkingvenue.People who are not tech savvy and believe in old parking framework, do not use mobiledeviceswouldbeabletoprintpaperticketastoday.Parkreswouldsupportthisfunctionanddonotencouragethis,asmainfocusofParkresplatformistoreducethewasteofpaper,fuel,money, timeand therebyhelpenvironmentandecosystem toevolve in green, clean, smart,connectedmanner.

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3.1.4SOSServicesWecallit“saveourship”services;usercanusetheseservicesincaseofanyproblemwiththesystemandtoseekimmediateresolutionfortheirproblemsoncethesystemisfullylaunchedandoperational.

3.1.5Third-PartyAdaptersThesewillhelpothersystemslikeCarsGPSsystems,Tom-tomdevices,andGooglemaps,Appdevelopers,parkingproviders,SoftwareandhardwaremanufacturerstointegrateseamlesslywiththePARKRESsystems.

3.2LPALMSPlatformLPALMS stands for Local Parking Location Monetize Service. It works like Airbnb for theparkingindustry.Users will be able to register their open parking spot on the PARKRES ecosystem therebyaddingittothepoolofavailableparkinglocations.Customerwillbeabletobookthisparkingspot and revenue will be sent to parking owner. We think this will be a revolution in theparking industry, where people will have the option to make use of their un-used parkingspace.Thiswillalsoreducethescarcityofparkinglocationstosomeextent.

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3.2.1End-to-EndSolution–LPALMSplatform

1. ParkingspotownerdownloadLPALMSmobileapporopenswebsite.2. Ownercreatesaprofileandregisterstheirparkingspotsonthenetwork.3. OwnersdecidetheparkingratesorselectsLPALMSautoratecalculatorservice.4. Listingwillbeshowntoalltheuserslookingforanopenparkingspotinandaround.5. Userwouldselectthisspotforspecificinterval,day,week,andmonthandinitiatethe

transactionoverblockchain.6. Contractwillholdthetransactionandintimateowneraboutthebookingnotification.7. Ownerconfirmsthebookingandsendstheconfirmationofbookingdetailstouser.

3.3BusinessModelPARKRESbusinessmodelisstraightforward;weenabletheusertousetechnologyintheirday-to-daylifeandhelpsavetheirvaluabletime,moneyandenergyfromunnecessaryjargons.Weenableuserstofindtheirconvenientparkingspotaspertheirscheduleandpre-bookthesame,savingthemtimeandmoney.Weareofferingthisgreentechnologytothepeople,whichwillhelpsaveonfuel,time,parkingslipsandpapers,andhelpsavetheenvironment.Wearegivingpeoplebacktheirvaluabletime,sotheycanspenditmoreproductivelywiththeirfamilyandlovedones.

3.3.1RevenueStreamParking today is likea lifeline, especially in thedowntown, foreverymetropolitan city. Notjustthatitisanecessityandsignificantlyimportantfacility,butitisalsoasubstantialsourceofrevenues for almost all the sectors today. Hospitals, Airports, Train stations, Universities,Shoppingmalls, youname it.Weare talkingaboutbringinganewrevolution in theparkingindustry. Today parking industry is estimated at about 500+ billion-dollar industry, andgrowingrapidlywithincreasingvehiclesonstreetanddemandforparkingfacilities.References:NorthAmericaaloneMarkets LinksCanadaResearch https://www.ic.gc.ca/app/scr/app/cis/summary-sommaire/81293USA-Research https://www.ibisworld.com/industry-trends/market-research-

reports/other-services-except-public-administration/personal-laundry/parking-lots-garages.html

USMarketForcast http://thehill.com/policy/transportation/311993-parking-revenue-set-to-grow-4b-by-2018

Parking revenue in the U.S. is projected to grow by $4 billion over the next two years,accordingtoareportreleasedbyNPA.TheNationalParkingAssociation(NPA)estimatesthat

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revenuefromparkingwillincreasefrom$25billioninyear2017tonearly$29billionby2018inUSA.Currently,privateparkingownersandpublicparkingoperatorstogetheremploymorethan143,000people,accordingtotheNPA,andapproximately120millionAmericansdrivetoworkeveryday.Thetwostatesbringing in themostparkingrevenueareCaliforniaandNewYork,with$1.4and$1.2billion,respectively.ThereportsaysNewYork,LosAngeles,Chicago,HoustonandPhoenixhavethemostparkinggrowthpotential.Theprimarydriveroftherisingparkingdemandispopulationexpansion,whichisestimatedtoincreasefrom320millionin2015to400millionby2050.Other economic and demographic factors underpinning parking growth include higheremployment, more commuters, more people driving for vacations and municipalitiesincreasingparkingdevelopment.[SourceTheHill:NPAResearch]Parkingproviderstodayearnmoneythroughcommissionsastheyremitalmostallthemoneypaidbyconsumerstotheparkingauthorities.Parkreswouldfollowthemodelinearlystages.HoweverthegoalofParkresplatformtoevolvemoreasaecosystembycreatingdemandforthe technology and its use, so more and more people should be able to benefit from theinnovation.In long term, PARKRES would make money mostly from its API monetization. Usersubscriptions,licensing,franchiseandrevenuesharingmodelwithparkingproviders.Parkresistheworldsfirstpatentedsmartparkingsystem,soanyonecreatingsimilarproductwouldhavetotakelicensefromParkresortakeitsfranchisetooperate.Parkreswouldprovidealltheinfrastructure setup and app integration, console installation free of cost to the managedparking locations/partners; this will give parking provider more business and cutting edgetechnology at no costs, and will encourage masses to adapt to Parkres platform. In returnParkreswilltakessmallrevenue%(5%)fromtheparkingproviders?ParkreswouldalsoallowusertodownloadmobileappforfreeanduseParkressearchfeaturesandonlycharge themwhen theymakebookings.Appdeveloperswouldbeable to integrateParkresAPIsintotheirapplicationsandmakeuseoftheseAPIsbysendingPARKtokens.

3.3.2PotentialMarketHospitals, Airports, Train stations, Universities, Shoppingmalls, complexes, Office premises,roadsideparkingandthelistisendless.Potentialofthissystem'sgrowthisimmenseandthereisnolimittoitsuseinanysectorthatdealswithvehiclemanagementtoday.Inaddition to theabovepracticalapplicationusageandcustomerbase,PARKRES’spotentialcustomeriseveryonewhocurrentlyownsorwishestoownblockchainbasedassetsandwantstoeffectivelyutilizethemasmeansofpaymentoutsideofthecryptocurrencyecosystem.While the total number of cryptocurrency users around the globe is difficult to assesswith

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reasonableaccuracy,atthetimeofwritingthisfigure,itisestimatedtoexceed15millionandislikelytogrowsubstantiallyinthefuture.Asperanalysistodayonly8%ofthepopulationisaware and actively participating in the cryptomarket. There is still 92%yet to explore andinvestinthismarket,sothepotentialishuge.

3.3.3UseCasesPARKRESforCarRentalAgenciesBest in classparkingnavigatingand locationmapping functionality for car rental companiesandtheircustomers.Navigationsystemwiththeoptimalroutecalculationfeatureandtrafficupdate inbuilt. PARKRES API’swhich can be integratedwithin partner applications for realtime updates and reservations. Mobile application for parking - find and reserve will beavailableforfreedownload.By providing real time parking update to user, rental companieswould be able to increasetheir customer base and provide parking navigations and spot availability right on the cardashboardormobileapplication.PARKRESforRealStateEasyintegrationofPARKRESsystemintoexistingmobileordesktopapplicationoronwebsitebyexposedAPIs.Tapintothe1000sofopenparkingspotsavailablearoundthelisting.Helpsyourcustomersandagentlocateandreserveafreeparkingspottosavetheirtimeandmoney.Provide a rating system for real-estate and parking locations based on availability of spot,conditionofparkingspaceandeaseofuse.PARKRESforCarcompaniesWith the PARKRES APIs make your vehicle parking aware. Integrate the real time parkinglocation updates in the cars navigation console. Giving your car an edge over all othercompetitors with a tag like “Our Car know where to park”. Allow user to make a parkingreservationrightfromtheircarnavigationpanelforarequiredtimeslot.AirportsandHospitalsProtectyourcustomers fromgoing incircles insearchofaparkingspot. IntegratePARKRESsystem into existing mobile and web application to provide users with Find and Reservefunctionality, allowing them to save critical time and fuel. Manage parking spaces moreefficientlybyidentifyingthespot,whicharelessusedascomparedtootherspots.PARKRES solution can be extended to several other customers and to every other industry.Abovearejustfewexamples.

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EnvironmentalBenefit

• PARKRES systemwill help reduce vehicle traffic of parking hunters, which will helpreducepollution

• PARKRESwillhelpuserfindreserveandlocationtheirparkingspoteasily,sotheydon’thavetocirclestreetandparinglocationthiswillsaveuserslotoffuelandtime,whichwillhelpprotecttheatmosphereandhelpreducethepollution

• PARKRES systemwill remove the need for printing paper tickets, since userswill beable tomake reservations onmobile and get in and out of parking facilitywith theirEncrypted Key / QR Code. This will reduce waste of paper and promote greenrevolution.

• PARKRES will allow user to register their open spot on the system, this will reducescarcity of parking places in the city also burden on government to add moreinfrastructureforparkingneeds.

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4ThePARKRESRoadmap

PleasenotethisisthefirstincarnationofaroadmapandMaysubjecttochangesdependingonvariousconditionslikeSECpolicies,ITOeventsanddelays,Licensingissues,partnershipdelays,Patentofficereviewprocess,codeaudits,contractauditandsecurityprocessesetc.However,wewilltryourverybesttosticktoourtimelinesandschedules.

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5PARKRESITO

5.1ITOPlanandKeyfactsPARKRESTokenSymbol PARK

TokenStandard ERC20(Ethereal)

TokensIssued 200000000PARK

Unsold tokens will be

burned by smart contract

automatically

TokensavailableforITO 85000000PARK

May1sttoMay30th(PrivateSale)

10000000PARK

Aug15thtoSep15th(Pre-ITOsale)

20000000PARK

Nov1sttoNov30th(Publicsale)

55000000PARK

Bonuses70%bonus-Privatesale,15%bonus–Pre-ITO10%-ReferralBonus

Tokenpriceatlaunchofsale 1PARK=0.5USD

Acceptedcurrenciesforsale:BTC,ETHTokenwillbedistributedaftertheITOsalephaseisover.Anyunsoldtokensfromthepreviousphasewill be carried over to next ITO sale phase. At the end of the ITO sale phase, all theunsoldtokenswillbeburned.

5.2PARKRESTokenContractsAlltokensthatarenotsoldduringeachroundoftheITOwillbecarriedovertonextphaseofITO. Tokens can be used as utility tokens on the PARKRES platform or staked for earningloyaltybonus.PARKtokensthatarereservedforPARKRESfoundersandteammemberswillbefrozenfor12months and cannot be sold, exchanged or otherwise traded during this period. Similarly,

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tokensreservedforPARKRESadvisorswillbefrozenfor6monthsuponITOphasecompletion.Allthetokensfortrammembersandadvisorwillbevestedfortheperiodof6month.Andwillbereleasedtoteam/advisorsasfollows30%after2monthsofmainsaleevent;30%after2monthsoffirsttokenreleasedate;40%after2monthsofsecondtokenreleasedate.

5.3ITOAllocationsAll funds received from the ITO will be used for the development, maintenance anddeploymentofPARKRESecosystem.Specifically:TokenAllocation:

CryptoeconomicsReserve:

OnJanuary5,2018,oneofEthereum'screators,VitalikButerin,publishedanexploratoryideaaimedat improvingtheICOmodelbymergingthebenefitsoftheDecentralizedAutonomousOrganizations ("DAO")with the Initial CoinOffering ("ICO")model. The goal of the concept,which is termed a "DAICO", centered onminimizes the complexity and risks for the TokenHolder.

DAICO's have not yet become the standard in the realm of new cryptocurrency projects;however, the idea brought the concept of creating more Token Holder protections andintroduced somenovel cryptoeconomic concepts.One conceptButerin introduced is a statevariablecalledtap(units:wei/sec).Thetapservesasasafeguardtotokenholderstoholdtheproject's team accountable formeeting themilestones of the project. Setting the tap rate in

Cryptoeconomics

Reserve,27.5%PARKRESTeam,

13.0%

Advisors,3.0%

Enterprise

Partnerships,4.0%

Promotionsand

Bonuses,5.0%

PrivateTokenSale,

8.5%

Pre-ITOSale,

11.5% PublicSale,27.5%

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whichthe fundscanbewithdrawnfromtheproject’scontract tobespentondevelopingtheprojectandmeetingitsmilestonesdoesthis.Thetapratespecifiestheamountpersecondthatcan be withdrawn from the contract. If the project progresses and even if additionalrequirements arise, the tap rate can be voted on and increased. [Reference: original bitcoinwhitepaper]

Forthisreason,wedevelopedaCryptoeconomicReservebuilt intothesmartcontractof thePARKRESPublicTokenSale.Thepurposeof thisreserve is tohaveamechanismthatcanbe"tapped" in order to provide crypto economic incentives to important members of thePARKRESecosystem.ThisensuresthatthePARKRESsystemgrowsinthemannernecessarytobuild a robust parking allocation network and eventually replace our primitive parkingsystems. In an ideal system, thePARKRESCryptoeconomicReservewouldnever need to betapped;howeverbecausethePARKRESsolutionalsohasaconceptofTechnologyUniversity,itwillcontinuetoimproveandenhancebasedontheideassubmittedtotheUniversitybyopenforum/community. Cryptoeconomic incentives may need to be rewarded to certain people,groupswhocouldprovideabreakthroughenhancementidea,whichwouldbenefittheentireecosystem.Ideally,theCryptoeconomicReservewouldneverneedtobetapped.

TokenSaleProceedingsProceeds from thePARKRESToken Salewill be allocated inwhatwedeem the bestway toachieveourprimaryvision:providingparkingreservationsystem.Webelievetheappropriatemix tomakethishappen isdevotingourresources(which includesour funds,aswellas thePARKRESecosystem'sfocus)onthefollowingareas:

EngineeringandR&D35%

PARKRESPlatformoperations15%

Overhead5%

SupporinginfrastructureandBlockchainprojects

5%PARKRESGrowth:Marketing,Strategic

Planning40%

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5.4ProtectionA global patent protects PARKRES ideas and solution. Patent applications in differentgeographiesareinprocessandinreviewphase.Weexpectthepatentfilingandtheformalitiesto be completedbefore the start of ITO sale. The first Patent application is filed in theUSA.AfterseeingthedemandofPARKRESsystemindifferentgeo-locations,apatentwillbefiledinhighdemandgeographies.Thismean,nooneelsewillbeabletocreatesimilarinventionorsystemandwillhavetobuyrightsfromPARKRESiftheywanttousethissolutionforcommercialuse.ThisalsomeansthatthePARKRESusersandtokenholderwillbenefitfromanyandallthefutureengagementsandlicensemodelsunderthisprotection.