VOLT is a platform that allows centralized platforms such as Uber, to be developed in a decentralized

VOLT is a platform that allows centralized platforms such as Uber, to be developed in a decentralized manner and enables direct delivery through P2P. Uber and other models play a role of Central Control as middlemen and receive a fee of 20% or more. VOLT's P2P direct deal model is an efficient model that aims to eliminate brokerage fees by lowering direct costs to customers and messengers, to less than 5%, or even in hopes to eliminate completely.

The existing delivery model is a centralized model, with a system called Hub & Spoke. This centralized model, including DHL, has dominated the delivery market worldwide. However, the centralized model is unable to meet the needs of the same day delivery. VOLT is blockchain-based P2P delivery model that solves limitation of the same day delivery more than existing models.

Decentralization

VOLT is a decentralized platform. There is no middleman or broker, which leads to lower the cost offered for customers, and also maximize profit for the messengers.

Transparency

In VOLT, we offer a transparent environment. All customers and messengers or delivery companies benefit from the privacy and transparency of the fees and expenses.

Security

A secure payment system that allows two authenticated P2P entities to send and receive money that gets held in VOLT Tokens until after a successful exchange of services between the two parties.

Same Day Delivery

VOLT 's same day delivery shortens delivery time to 1-5 hours, whereas 1-3 days in the existing online shopping mall. Hub & spoke is a system that collects all items to be shipped, classifies them, and then delivers to their destination. This means that any parcels to be delivered from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and delivered back in Manhattan. This is time-consuming and also incurs large warehousing costs.
In order to solve this inefficiency, a messenger located near 32nd street collects only what is to be sent nearby and delivers it as P2P so that it can be delivered within a few hours.

How it works ?

VOLT's business model connects customers and messengers, and provides customized algorithms that leverage Big Data and a matching system that uses smart contracts for easy service delivery. Customers need a VOLT coin to use this service.
When the delivery of food, goods, shipping distance, time required, taking into account the weight of the goods shall be determined according to the amount of work difficulty. We call this unit of work “Jula”. For example, if customers want to ship the goods to a point named A 2km away and you need 600 Jula, and 1200 Jula is required to ship the same goods to B point 6km away. VOLT is developing an optimal algorithm to calculate the amount of this work, and will introduce the lowest bid (auction) system for some special deliveries.

A VOLT coin is required for a service buyer to request delivery. That is, in order to request a certain amount of Jula performance, a VOLT coin corresponding to this is used. The ratio of this Jula to the VOLT coin is not always constant. The ratio of the first Jula to the VOLT coin starts at 1: 1. The ratio is changeable in accordance with the price at the market.

Token Flow

A client who requires the administration can buy the coins from the Exchange. A client will buy 100 coins for the conveyance benefit that costs 100 coins. The client will pay 100 coins to VOLT where VOLT relates the demand to the dispatcher. After the administration is finished, VOLT exchanges 95 coins to the dispatcher. Around 5%(the rate can be changed in accordance with amplify benefit) of the coin is utilized as a commission to the organization benefit. The organization offers the coin earned to the Exchange to deliver income.

The income is utilized to keep up the organization or give profits to the VOLT investors, yet not to the coin-holders. On the off chance that this procedure experiences a cycle, the coin request inevitably will be higher than the supply from the Exchange, bringing about higher cost for the coins. A mix of calculations and current coin value, VOLT alters the coin/Jula rate. In long haul, coin/Jula rate will increment, and along these lines ready to possess higher Jula with 1 VOLT Coin. What's more, subsequently builds the estimation of Jula.

VOLT Token Sale Plan

Total Tokens Issued: 4,000,000,000
Total token for sale: 2,000,000,000

Reservation Sale: 200,000,000

Pre-Sale: 600,000,000

Public Sale: 1,200,000,000

Exchanging with other currencies will only be available after token sale is finished.

Roadmap

Team & Advisors

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.
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.
JaeWoo Lee (Advisor)

Mr. Jae Woo Lee is the co-founder and CEO of Vogo Fund Asset Management Co., widely known as the first private equity fund management company in Korea. Prior to co-founding Vogo in 2005, Mr. Lee was country CEO at Lehman Brothers Korea, where he built up a significant investment banking and capital market platform. Since starting his finance career at Citibank, he has spent last 35 years across various fields of finance in Hong Kong and Seoul. Mr. Lee has chaired the Korea Private Equity Association for a number of years and advised the Korean government as a member of the Finance Market Development Committee.