In order the Parksen Green to make sure that the community and the participating municipalities have access to freedom of growing and becoming strong and stable, Parksen decided to issue a total of 1,000,000,000 PARQ utility tokens that will allow the team to be able to focus on the long-term goals of the platform. The distribution of the token will be properly managed to ensure the potency of the ecosystem as well as the health of the community. During the pre-sale, Parksen will accept purchases for a minimum of 0.1 ETH while during the public sale there will not be any minimum contribution. Parkson aims at offering even the smallest investors a chance of getting on the platform. You can buy the PARQ tokens using fiat currency, credit cards, PayPal, as well as the following cryptocurrencies: BTC and ETH. All your purchased PARQ will be transferred to your wallets after the ICO, KYC, and auditing have been concluded.
The PARQ ICO
Parksen Green is making a total of 25% of the total tokens available for the community and for angel investors through the token sale. This will be divided between the pre-sale and a public sale.
Pre-sale information
During this, a limited number of people were invited to participate in the exclusive first round of theParksen green ICO. Parksen aimed at rewarding early adaptors and enthusiasts accordingly by offering them early access and softer prices. Parksen made 5% of all tokens which were available for the pre-sale, and these tokens were sold at a 30% discount at a price of $0.07 where the minimum contribution during the pre-sale was 0.1 ETH. The pre-sale began on 01-06-2018 and will end when the tokens are sold out. The public sale will begin after all the pre-sale tokens have been sold out.
Public sale information
During the public sale, Parksen will sell a total of 200,000,000 PARQ tokens. Investors will be given a discount of 205 when buying the tokens which will be at$0.08. The public sale will be available for a full year, or it will end when all of the tokens have been sold out. There will be a burning program for all unused tokens at the end of the run. The following are the specific details of all Parksen sales.
• The Pre-sale will start at 01 – 06 - 2018 with a total amount of 50,000,000 tokens sold at $0.07 (30% discount)
• The Public sale will start after pre-sale with a total amount of 200,000,000 tokens sold at $0.08 (20% discount)
Use of proceeds
All of the raised funds will be spent towards the realization of Parksen Green, smart and connected city ecosystem. Initially, this means that Parksen will expand its team and move to new locations to reach global markets. The remaining funds will be used in conducting Research and development of the platform and for enthusiastic future city participants.
• 10% will be for Business Development
• 15% will be for Global Expansion
• 30% will be for Marketing
• 45% will be for Research and Development
BUYBACK TOKENS FROM EXCHANGES
Parksen will spend up to 10% of its annual profit in buying back the PARQ tokens from exchanges. This will help in reducing the number of tokens which are available in the circulation aiming at increasing the value of the PARQ tokens. This will also allow the PARQ investors with a larger ROI as well as raising the token price if the same price to earnings ratio stays constant
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