Before I delve fully into the matter at hand, I will like to bore you with a brief explanation of what a “Holding Company" really means as it will be critical to you understanding what this article entails. According to Wikipedia, "A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.”
This simply means that a holding company can control policies within another organization along with supervision of it's administrative decisions. Yes, holding companies do own considerable percentages of other organizations, they however do not show interest in the daily activities of the said organization. The holding company exist solely for the purpose of overseeing the general activities of different organizations.
Forbes, through extensive research, have been able to draw a conclusion that eight out of ten startups fail within a year and half of operation commencement. This statistic alone is enough to discourage potential entrepreneurs from venturing into the field they desire and this will definitely rid the world of businesses that could be worth billions of dollars over the next few years. The downsides to this don't just end there. Investors are also left with the dilemma of choosing the best startup to invest in due to the risk attached to such investments.
You are actually in luck today as it's not all bad news. I bring to your attention, a project which seems likely to obliterate all these problems. The platform is intended to help viable businesses and startups reach their their desired goal without having to worry about funding issues.
Introducing Volum
Volum is a blockchain based project which is aimed at creating an advanced and flexible supply chain management system and commerce platform that will support a wide range of platforms. Like other holding companies, Volum will invest in companies portfolio in order to help them stay afloat and create long term asset value. I might have been sounding like Volum will support every company in it's path, but no, Volum will select companies based on criteria which include; innovation and the intellectual property the said company possesses. Some of the companies already affliated with Volum include; Energy Rescue Systems Corporation (ERS), Software Developmet Associates (Spirits industry mobile/social app utilizing beacon technology), ACME Financial, GridPower Network and International Spirits and Beverage Group Inc. (ISBG) which is producer and marketer of alcoholic beverage brands globally.
Token Details
The Volum platform is incorporating a token based ecosystem (i.e all transactions within the ecosystem will be paid for using the VLM tokens) with the token having a ticker “VLM". The total amount of mined tokens stands at 320 million with 74% of that been put in for sale. The Volum fundraising goal is $1m.
Conclusion
Failing businesses is really not a new phenomenon to us as this happens everyday. It is also sad that we get to see more failed startups than successful ones. This problem appeared to have been ignored due to the absence of a viable solution until Volum came into the equation. I really have do believe that there's a possibility that we might just start seeing a lot more successful startups.
I actually have not even scratched the surface of what Volum actually entails, so it will be a good idea to check out some more resources;
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: tbossmitche