Volum is creating a blockchain technology company age, we all need to be a part of it…
History of Volume
Volum was formed by three partners, Bengala ( a block chain software development company), LLC and ISBG (International spirit and beverage group) – a group that fosters the growth and incubate early stage companies and brands in the market of spirits and wines- Volum is built to work on the Ethereum block chain and its currency VLM is now being made available for mining while using smart contracts for completing transactions between interconnected users. Volum aims to produce a technology that is data driven and innovations through their chain of companies to improve business efficiencies and processes.
Strategies and Tactics of Volum.
Minority equity stakes getting increased and targeted in promising market disruptors – which are mostly block chain based and in very high rates- is the main strategy adopted by Volum. They are looking out for companies that has a very good management team, widely accepted products or services and a very good executable plan.
Volum developed its currency named VLM, which is built on a decentralized platform that supports Ethereum block chain. They are changing the direction of the world by creating a masterpiece in terms of block chain transactions. VLM would be a utility token used on the world-class platform which is created on ERC-20 and ERC-721 compliant tokens of ethereum. All types of transactions be allowed on the platform with the most notable ones being payments, rewards and loyalty points, purchase orders, legal contracts, taxes, shipping, letter of origin, custom documents, inputs and inventory ordering, data analysis, tracking of end products and inputs.
Volum strategizes by using flexibility with portfolio companies that have high returns by becoming a minority owner, this is done by taking up to 30% or 35% of their equity position.
The Mechanics of Tokens
Volum is a block chain system that works on Ethereum block chain. It serves as an ecosystem to Agriculturists, distributors, producers, governing agencies, public utilities, financial institutions (banks and investment companies) and many more. Its operation is similar to that of wholesale-to-retail online markets. It created its own currency which is used to access and used for transaction on its platform.
For reasons of transparency and ledger volum was created on a block chain frame work. The volum platform makes use of two ethereum tokens which are;
ERC 20 token for self-executing smart contracts on the Ethereum block chain
ERC 721 that shows originality, validate and prevents unauthorized copies. It is specifically unique.
Solution of Volum Coin Framework
Volum satisfies the requirement of creating a block chain ecosystem that contains manufacturers, bottlers and distillers which enabes them to monitor, upload, download, register, validate, approve and reject data and products online.
Volum provides the functionality of government authorities by having a fixed presence on the platform that dishes out services such as licensing, tracking of process, certificate of origins and all governmental processes.
It provides the functionality of customs and borders by having a presence on the platform regulating importation, exportation, files and custom processes.
It also provides the functionality of the internal service revenue by having a presence that tax companies and verifies their income, receive instant payments for their tax schedule.
The platform works with various agencies that regulates and provide legal advice and processes.
Volum accounts require several bonds, which should be in line with the permitted levels of transactions.
Transactions are kept safe and secured on the platform by directing them to a pool for insurance, which is insured by securing purchases and transactions as well as commodities should the client decide to pay for the insurance of their transaction.
Volum was built for transparency and ledger technology thus, it uses the block chain technology. It gives every company or brand or client the ability to transact safely by being able to track and monitor the data involved by using smart contracts and block chain validation.
Conclusion
Volum is on another level. It shows that the world is going digital in a very fast manner as it creates presence that acts as a government agency, customs and internal service revenue. This is a sign that shows where the world is headed, a life without the traditional market place building convenience as everything can be done in the comfort of your room.
Volum is bringing the lifestyle and the day-to-day activities of companies into an online platform that is decentralized and works on the ethereum block chain.
TOKEN INFORMATION
THE TEAM
Please connect with these Volum channels to remain updated with this exceptional project
Website: https://volum.io
Whitepaper: https://volum.io/assets/images/volum-whitepaper.pdf
Twitter : https://twitter.com/IoVolum
Facebook : https://www.facebook.com/volumproject/
Telegram: https://t.me/volumholdings
Bounty0x Username: supzeel
