Introduction
To better understand the topic at hand, it would be pertinent to have a good grasp of the subject “Holding Company”. A holding company is a central enterprise that has ownership of other companies shares outstanding. They have enough voting stock to cast a ballot in another organization. What this means is that it can control that organization's policies and supervise its administration choices. Despite the fact that a Holding company claims the benefits of different organizations, it just keeps up oversight limits, and along these lines does not effectively take an interest in maintaining a business’s everyday activities. A holding company exists solely to control/oversee different companies, these companies may be different types. Holding companies additionally could possess properties, for example, land, licenses, stocks, different resources.
About VOLUM
VOLUM is a Holding company that wants to utilize the massive potentials that are bound in the Holding company structure. In doing it, it has decided to take the technological route by introducing and developing VOLUM on Blockchain technology. This technology is not new to many anymore as its potentials, as well as immerse benefits, have been seen across various sectors in the globe today ranging from health, construction, real estate, business, and lots more sectors. This Holding company structure is one that when properly utilized can be disruptive to whatever sector it’s been involved in. Some key benefits of Holding companies and part of why VOLUM raised the stakes by integrating Blockchain technology include;
- Risk Limitation
- Tax Maximization
- More control with less Capital
- Liability Protection
More Details
The VOLUM Holding company was formed by Bengala Technologies, LLC and International spirit and beverage group(ISBG). Worthy of note is that these two companies are not new, but rather have been well established in their various industries of global advanced energy and alcoholic beverages respectively. These companies have withstood the test of times and experienced huge growth in their various industries. It’s this kind of success that should be expected or should I say, guaranteed with the VOLUM. The president and chairman of ISBG Alonzo Pierce is the co-founder of VOLUM alongside Arnaldo Detres who is the founder of Bengala Technologies. As you can see, the team is strong and equipped with well-experienced individuals across their various fields.
Revenue/Business Plans
As with any other company, making profits is and progressing is a major goal. VOLUM plans on doing this by collating a portfolio of businesses with the highest potentials to succeed and dominate their various industries fair and square. To achieve this, they would take stock ownership of 30-35% equity stake initially in the above-mentioned portfolio operating companies. Ways VOLUM plans on generating revenue include; Dividends from operating companies, Platform transaction fees(Paid in VOLUM native currency).
VLM Tokens and TGE Update.
The VOLUM Platform is based on the ethereum Blockchain and has a native cryptocurrency(VLM). This would be used for any kind of financial payments on the Platform. A Token Generation event would soon be on the way for VLM Tokens, more of this on the website (link provided below).
There still much more interesting things to know about VOLUM. This and more you can access on their website and multiple social media platforms. Links provided below.
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
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