ICO VOLT

ICO VOLT | Ecency

VOLT is a revolutionary new project that aims to overcome the problems of current delivery systems using blockhain technology. One of the core strength of VOLT is the decentralized ledger that essentially eliminates the middleman and therefore the costs associated with delivery. The system will provide benefits for all parties involved, which includes the messenger (delivery person), consumer, small businesses, large corporations and society. VOLT is based on blocking technology and in combination with intellectual contracts and eliminates dependence on a centralized system between poorly organized banks, which significantly reduces the price of supplies for customers. On the other hand, courier services and shipping companies will have a higher income. VOLT not only guarantees that couriers receive higher returns, but VOLT also eliminates technical limitations that allow everyone to use the system. Subsequently, this allows the use of a wider pool of couriers, including re-partners, or those who want the second job to be involved. In addition, the order matching system can be further facilitated by couriers establishing a delivery radius in accordance with the preferred means of transport.

Benefits to the various parties of the transaction:

Consumer: the customer will see the fee for delivery beforehand, which means they can decide if the price is competitive compared with other means of delivery. It would work by starting up the app and selecting the start and end locations of the delivery — the AI system would then calculate the pricing. The order is shared using the blockhain technology and once a messenger accepts the progress of the delivery can be viewed in real time. The result is a faster and cheaper way of getting things delivered. It means same day delivery for the majority of items is not only possible, but probable.
Messengers: the people making deliveries can be diverse, anyone from established companies to individuals looking to make some extra money on the side. Using the app a messenger can filter the orders that they are best equipped to deliver. This allows them to set the working conditions and there is no hassle with having to jump through regulation hoops in order to get started.
Small businesses: a small business will not be forced out of the market due to competitive delivery costs of large corporations. A local family business can use VOLT to get their products delivered at low prices and just as fast as any competitor.
Large corporations: there are many moving parts to a large corporations and VOLT will help with the automation and integration of the delivery system. There is nothing to manage when it comes to using VOLT as the system is setup for a hands-free approach. This will improve the efficiency of large corporations and reduce the cost of delivery.
Society: for the unemployed VOLT presents an alternative way of making money that’s accessible to anyone. This should reduce unemployment rates and help people struggling to make money make ends meet. The carbon footprint produced from deliveries will be reduced since the VOLT system is more efficient. Furthermore, it will open up new opportunities for emerging businesses as the accessibility and scale of VOLT helps deliver to wider customer base at a lower cost.

The key strength of VOLT is that it removes delivery processing hubs from the equation, which means the messengers are delivering packages directly to the client. This reduces the overall cost of delivery and also a slice of the profit from the messengers is not consumed by the “middlemen”. Therefore, messengers can make more money due to this favourable setup.

Furthermore, the amount of money that can be earned by messengers is not capped. If they want to work long hours to execute deliveries then there are no limitations on doing so. However, if a messenger worked for a traditional delivery company, then they need to get hired and deal with the limitations of a company payment structure.

TOKEN DETAILS

Symbol : VOLT
Type : ERC20
Token Price : 1 ETH = 50,000 VOLT
Accepted Currencies : ETH
Classification : Utility Token
Decimals : Not Specified
Token Sale Company : VOLT TECHNOLOGY LTD
ICO Start Date : May 18, 2018
ICO End Date : May 31, 2018
Token Distribution : Within 48 hours or less after ICO sale ends
Hard Cap : 2,000,000,000 VOLT
Total Tokens : 4,000,000,000 VOLT

TEAM

Philip Lee (CEO)
Philip Lee is the CEO and Founder of Volt Tech Ltd. He received his master’s degree from UCLA. Philip has made Quick Quick an online and offline service company that reduces the cost of last mile delivery by implementing Uber-style delivery system. Currently, VOLT (Brand: Quick Quick) is the largest last mile delivery service provider in Korea.

Sangchun Shim (CSO)
Dr. Sangchun Shim brought 30 years of his experience from KT (Korea Telecom). He was known as the ‘rainmaker’ at KT; He has an experience of managing and turning around 55 affiliates from total of $42million loss to 140million profit in mere 2y years’ time. Dr. Shim also spearheaded successful acquisition, value upgraded, and sale of “Kumho-Rent-Car”. The company was acquired at $300milion value and sold to Lotte Group at $1bilion in 2015. Dr. Shim received his MBA from George Washington University majoring in MSTI (Management of Science, Technology and Innovation) and earned PhD from Hanyang University.

Jieun Dino Lee (Co-founder and board member)
Jieun Lee is a co-founder of QuickQuick (previous brand name of VOLT), and currently a non-executive board member. She is also a founder of LightUp, a service that provides a communication platform for consumers and companies to meet for social change. Jieun has worked for global investment banks such as Lehman Brothers, Credit Suisse, and UBS as an intern to gain her business skill sets. She graduated from University of Michigan, majoring in Economics.

Migyeong Gwak (A.I Team)
Ms. Migyeong Gwak is in charge of the big data collection and AI development of VOLT. She has an ample experience in App development in both Android and IOS platform. Ms. Gwak is pursuing her PhD in Computer Engineering from UCLA and has been developing tools for big data collection and analysis.

Josh Lee (A.I Team)
Ji Hoon Lee majors in statistics and data management at Carnegie Mellon University. He has work experience at Stonebridge Capital within the VC (venture capital) division analyzing and evaluating previous successful investments to ensure further success. He is involved in data analysis and AI development.

Gyeongrae Cho (Sales and Marketing Team Leader)
Mr. Cho is our leader of VOLT’s sales team. He previously worked with Haitai Group, Pantech and Nokia in business analysis and sales. With his insights in technology, he is specializing in technology-based industrial sales. He graduated from Korea University with Engineering major.

Haewon May Byun (Blockchain development team)
Haewon May Byun graduated from the University of Manchester, continued her master’s degree at University of Oxford and graduate studies at Cornell University. With her expertise in research, she has worked for Yale University as a research associate, and is currently involved in VOLT’s Blockchain development team

Sungjin Lee
Sungjin is in charge of global market and legal research in VOLT. Before joining the company, he worked at Kim & Chang, the largest and the foremost law firm in Korea, as a legal researcher. Sungjin Lee graduated from the Waseda University.

Woosung Choi (Blockchain Development Team Leader)
Woosung Choi is our Development Team Leader with 14 years of experience as senior web programmer, and has developed various programs for independent purposes. Choi has extensive experience in analyzing and streamlining solutions, and currently interested in the efficient blockchain research development

Hansol Song (Marketing Team)
Song graduated from Kyung Hee University and was involved in marketing at WBC (Welfare Broadcasting Channel). She has expertise in Social Network Marketing.