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ParkByte Limited
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Company Reg Number: 09739667
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Company Reg Number: 09739667
7th May 2015: ParkByte Launched
7th May 2015: ParkByte Added to CryptoTradeEx
7th May 2015: ParkByte Added to Yobit.net
18th May 2015: Noticed POW Phase was going to be halved due to the amount of staking, promised to burn premine down to 20% when POW ends
18th May 2015: ParkByte added to CryptoID Block Explorer
19th May 2015: Paid & Requested for Proof of Dev to be done by coinssource.com
19th May 2015: ParkByte Added to C-Cex.com
26th May 2015: Coinssource completed Proof Of Dev, giving ParkByte 4 stars out of 7
30th May 2015: ParkByte Logo contest announced
2nd June 2015: POW Ended at block 89000 - Premine Burned (POW Coins: 3,688,710 | 20% Premine: 922,178 | Total Supply: 4,610,888)
3rd June 2015: ParkByte Added to Bittrex.com
16th June 2015: ParkByte Logo contest ended
21st June 2015: New Logos announced, crush was the winner of 24,000PKB
25th June 2015: New windows QT released with new logo and In-Wallet Explorer
28th June 2015: Proof of Dev Rating updated to 5 stars out of 7
3rd July 2015: Electrum Server & Client released on GitHub
19th July 2015: Coinomi Android Wallet released on GitHub & Play Store
23rd July 2015: Pull Request submitted to add ParkByte to Coinomi master version
19th August 2015: ParkByte Limited is incorporated as a Limited Company in the UK
28th August 2015: ParkByte BIP44 Index Registered Pull Request
29th August 2015: ParkByte Electrum Server codebase moved to Encompass Mercury Pull Request
30th August 2015: ParkByte Website has been Revamped https://www.parkbyte.com
30th August 2015: ParkByte Added to the Official Coinomi Android Wallet Coinomi Playstore
The idea of this coin is to lay the foundations to give car park operators the platform to integrate with cryptocurrencies with ease.
I see Bitcoin as the tool that is trying to revolutionize the Financial Industry and it shouldn't stop there. There are many other industry's worldwide that could benefit from its technology.
ParkByte will be therefore specifically targeted at laying the foundations for processing parking transactions.
Currently Parking can be paid via many methods but I am yet to see a crypto related method.
In the UK we are able to pay for parking via Companies like RingGo (http://en.wikipedia.org/wiki/RingGo), they accept Credit Card, Premium SMS methods but not Crypto.
These type of companies have in the previous years been putting a lot of pressure on conventional coin and ticket machine manufacturers because their system is cost effective. Cobalt, RingGo's parent have now "securely processed over £1 billion" for "4,000 sites across the UK, by more than 60 local authorities, 10 railway operators and numerous private parking operators".
After having worked in the Parking Machine Manufacturing Industry for 5 years, I can see there being a huge amount of potential for this coin, its unique iOS / Android APPs and the backend processing servers.
The coin will provide basic functionality, we could then explore maybe a type of CMS marketplace where developers sell their own themes, plugins etc. for the backend server used by the parking companies.
I have set out the basic process from setup to checking tickets here: http://www.parkbyte.com/concept/
There is a 20% PKB premine; this will only be used to pay for development work and an adoption fund.
Coin Name: ParkByte
Algo: SHA256
Ticker: PKB
Block Time: 60seconds
POW - ENDED
Timeframe: ~27days
POW Coins: 3,688,710 PKB
20% Premine: 922,178 PKB
Premine Burn: 1,077,822 PKB
Total POW Supply: 4,610,888 PKB
POS
Min Stake time: 1hour
Year 1 - 5%
Year 2 - 4%
Year 3 and onwards 3%
25m Total Coin
RPC Port= 59060
P2P Port= 58060
PREMINE BURN ADDRESS:
PArkBytePremineBurnAddressXXXc6K95
Premine Split & Burn TX: 8149c25b420b6e906e58b786541cff123b4c99f365b44834c1476a3c0397ff1d
20% PREMINE ADDRESS
PGSQCZmNzvK3ivwb6D34asA4EcFsDxcYiB
The premine will mainly be used to encourage adoption within the Parking Industry.
Three Parking Related Companies will be chosen depending on their interests, customer base and adoption plans, each getting a 5% share of the current PKB supply (250,000PKB of 4,629,440 PKB)
There will also be a lottery to distribute between 50,000-100,000PKB to end users of ParkByte over a period of 1-2years. This is to encourage people to use ParkByte when they pay to park their car as there will be good chance of getting some free parking/refund, just by using a different method of payment
The APP will be based on the Open Source Android Coinomi Wallet
POW ENDED Big thanks to the pools who supported the POW phase: Suprnova, iSpace and Miningpools.tk
