VOLUM (VOLUM) Review

VOLUM Streamlines Logistics & Supply Chain Management

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VOLUM is a holding company that offers a multifunctional blockchain-enabled B2B solution applicable across numerous industries, with a special emphasis being placed on the companies that experience issues related to logistics and supply chain management.

Mitigation through diversification

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Due to being structured as a holding entity, VOLUM is capable of mitigating the investment risks through diversification of investment weights among the companies included in its portfolio. Upon the completion of the planned IEO, VOLUM will acquire a minority stake in five companies, indicated below, with the further goal of obtaining similar stakes in various enterprises interested in exploiting the advantages of the Ethereum blockchain.

The holding portfolio and revenue model

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VOLUM is a joint project of two companies: Bengala Technologies LLC, a developer of blockchain software based in West Palm Beach, Florida, and International Spirit and Beverages Group from Houston, Texas. Prior to the token sale, VOLUM made a settlement with the following five companies regarding the participation in the project:

• Software Developers Associates, Inc., the developer of decentralized marketing applications for the alcohol industry;
• Energy Rescue Systems, the producers of alternative energy devices for commercial use.
• ACME Financial, an international bank headquartered in Puerto Rico;
• GridPower Network, another Puerto Rican company that provides electricity monitoring services;
• ISBG, a producer of alcoholic beverages.  

The revenue model of VOLUM is based on acquiring dividend payments on the basis of its proportional ownership rights in the companies listed in the portfolio. The second income stream comes in the form of transaction and licensing fees collected in the course of platform exploitation.  

Token application and system features

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The entire VOLUM ecosystem is fueled by a single utility token - VLM, which complies with two Ethereum technical standards: ERC-20 and ERC-721. A quick reminder that the former standard is related to the trademark smart contracts, the proper execution of which is essential for the VOLUM platform, whilst the latter is required for the issuance of unique non-fungible tokens and is also used for immutability purposes.

The employment of these two standards is required because of the multitude of types of transactions carried out on this B2B platform: wholesale purchases, filing of tax returns, tracking of shipments, issuance of legal contracts, verification of regulatory compliance, processing of customs documentation, identification of commodities, payment of dividends and rewards - just to name a few. The possession of VLM tokens is also required for gaining access to the platform and registering either regular or business account.

Speaking of smart contracts, VOLUM incorporates as much as three types of these protocols: operational, insurance, and reward smart contracts.

Operational smart contract is the basis for the intra-platform payment system and also acts as an escrow, generates timestamps and handles other feats like QR codes.

Insurance smart contract arranges for compensation for one of the parties in case the other party doesn’t fulfill its side of the deal that has been concluded on the platform.

Reward smart contract incentivizes the users with VLM for their activities on the network, provision of feedback, and sharing referral links on social media.

The VOLUM platform will be made accessible to government agencies, customs services, and revenue authorities which will be capable of auditing all operations in order to make sure they are compliant with corresponding legislation. 

IEO details

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The sale of VLM is already underway, being carried out on the Latoken Launchpad. The IEO will end on June 17 or upon reaching the hardcap of $74.6 million. 1 VLM token can be purchased for the price of $0.334 that includes a 4.6% discount applicable till June 6. Citizens of the United States and China will be precluded from participating in the token sale.

Author: Alex Paulson for Crypto-Rating.com

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• SOFTWARE DEVELOPERS ASSOCIATES, INC (AIRTAB). A Spirits Industry platform that uses a mobile/social marketing app to connect customers to the best spirits venues by engaging them via messaging, photos and posts.
• INTERNATIONAL SPIRITS & BEVERAGE GROUP ("ISBG"). ISBG is a world-class developer, supplier, and marketer of innovative Wine & Spirit brands. We aim to be a positive industry disrupter as a true brand incubator and be on the leading edge of modern brand communications. ISBG differentiates themselves by identifying and creating new cutting-edge approaches that meet present needs and future market necessities. From modern age experiential marketing to old fashioned pounding the pavement, ISBG will be comprised of a dedicated and passionate team guided by common goals and sound principles.
• ENERGY RESCUE SYSTEMS CORP. ("ERS"). ERS is the manufacturer of “Smart Energy Devices” that bring a changing paradigm to energy efficiency (savings), safety, and security to the electricity space. ERS counts as a cutting-edge technology company having new energy proprietary service techniques and hardware that employ the most current and high-level power monitoring developments and special energy tests available.
• ASSETS CREDIT MANAGEMENT & EQUITY FINANCIAL, INC ("ACME FINANCIAL"). ACME Financial will act as a Captive Finance company of Energy Rescue Systems Corporation (ERS), to synergistically assist ERS grow revenues across all its product lines. ACME Financial is registered in Puerto Rico as an International Bank under the Commonwealth of Puerto Rico Act 273 allowing the company to take advantage of a preferential corporate income tax rate of 4%. They provide financing to businesses in the U.S. and abroad.
• GRIDPOWER NETWORK CORP. GridPower Network provides a full energy grid with both licensed and proprietary technology that interrogates and interprets data from electronic devices connected to ERS’s smart socket(s) for critical energy, safety and security decision-making information. The use of novel algorithms and radar technology will provide customers with useful information about the state-of-health of their electricity space and any connected electric or electronic device through monitoring subscriptions of ERS’s smart energy device(s). Subscription reports and/or dashboards will account for the energy draw, usage, and waste at the wall socket throughout a customer’s electrical system(s).