ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to exploit this opportunity due to a catch-22 network-effect obstacle: early-stage traction hinges on the ability to sufficiently demonstrate the utility of the solution even though that very utility depends in part on the presence of other companies also using the same platform.”
VOLUM represents the first blockchain-powered logistics and supply chain management system to launch with a model portfolio of early-stage use case companies in place as a consortium inhabiting the platform. Volum management believes this will provide for a faster and more cost-efficient path to widespread market traction for the platform.
The VOLUM Use-Case Model Portfolio currently includes five vetted holdings: International Spirits & Beverage Group (“ISBG”), Software Developers Associates, Inc (“Airtab”), Energy Rescue Systems Corp. (“ERS”), Gridpower Network Corp. (“Gridpower”), and Assets Credit Management & Equity Financial, Inc. (“ACME”).
“Together, the holdings in the VOLUM model use case portfolio represent a wide range of real-world business models and end markets,” continued Mr. Detrés. “Each company has a great deal to gain from harnessing the advantages of an efficient transition into a global logistics model. And collaboration on the VOLUM platform will introduce additional synergies that will be extremely interesting to watch in action. We strongly believe this is the only way to effectively leapfrog over the network effect obstacle and set in motion a truly powerful virtuous circle for the platform and its current and future users.”
VOLUM has imposed a distribution soft cap of $1 million in VLM tokens and a hard cap of $74.6 million in VLM tokens.
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Through its platform and its native cryptocurrency token, VOLUM (VLM) is creating an ecosystem for amplifying the success of promising companies by giving them the required resources to grow into dominant forces in their respective markets and cause true industry disruption. The VOLUM platform will run exclusively on VLM utility tokens. VOLUM’s blockchain platform is built on the Ethereum blockchain and will be fully capable of executing smart contracts. The platform consists of a marriage between the Internet-of-Things and the Blockchain to produce a comprehensive production solution for logistics and supply chain management.
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