What is Voyager Token?
Voyager Token, also known as VGX, is a digital asset that is used to reward users within the Voyager ecosystem, a mobile broker application that allows individuals to buy, trade, swap, and invest in cryptocurrencies. The Voyager application, available for iOS and Android operating systems, links customers to multiple cryptocurrency exchanges and marketplaces to enable traders and investors to make the most of their transactions. VGX was created by combining developers from the ETHOS token and Voyager, and it generates interest when held in the Voyager app.
The Voyager Token was created in 2018 by Stephen Ehrlich, CEO and founder of Voyager Digital, who sought to provide the crypto marketplace with a better, more transparent, and cost-effective alternative for trading crypto assets. Other co-founders include Gaspard de Dreuzy, Oscar Salazar, and Philip Eytan. In December 2020, Voyager acquired LGO Europe SAS in order to expedite its European strategy. In August 2021, Voyager completed one of the crypto industry’s largest token swaps and mergers by combining the original VGX token with the LGO token that originated from the LGO acquisition. At the time of the official swap, the new VGX had a total market capitalization of over US$900 million.
Voyager Token operates on the Ethereum network and utilizes smart order routing technology that connects it with over a dozen crypto exchanges. The Voyager Smart Order Router seamlessly links customers to crypto exchanges and identifies inefficiencies in the crypto market, taking advantage of pricing disparities to get users a better price on their trades. The system searches across 12 supported exchanges to find the best prices and itineraries, saving traders both time and money. VGX is an ERC-20 token that operates on the Ethereum network, providing an incredibly high level of security through public-key cryptography and elliptic key cryptography.
The VGX token is used to enhance trade execution, lower expenses, and increase user profitability by automating price searches. The VGX token was created after Voyager paid US$4 million for the Ethos wallet, which it had previously used. The previous ETHOS tokens were exchanged for VGX tokens, having a total supply of 222,295,208 tokens. The VGX token allows users to better manage their crypto investments across multiple platforms and have easy access to, and control over, many accounts on different exchanges.
In addition to its unique smart order routing technology and VGX token rewards, Voyager also offers a competitive rate of interest to individuals who deposit the minimum monthly balance without locking up their cash. Users may earn compound interest on more than 30 cryptocurrencies, including Bitcoin, Ethereum, Polkadot, Dash, and many more. The Voyager app does not charge any investing fees, which is unusual for broker services and products, and is also the only broker app that enables customers to earn compound interest. This makes Voyager a highly attractive option for individuals looking to invest in and trade cryptocurrencies.
Another benefit of Voyager is its cashback rewards program for VGX token holders. These rewards can include discounts on trading fees, exclusive access to new features and services, and other incentives. This not only rewards loyal users, but also provides an additional incentive for individuals to hold and use VGX within the Voyager ecosystem.
Despite the benefits of Voyager, it's worth noting that the company filed for Chapter 11 bankruptcy protection in early July 2022, citing recent market volatility and the collapse of a hedge fund in which it had lent money. It's important for individuals to consider these factors when deciding to invest in VGX or use the Voyager platform. However, the company is still operating and the VGX token is still in use.
Overall, Voyager Token is a notable project in the cryptocurrency space, offering a user-friendly and cost-effective solution for trading and investing in cryptocurrencies, as well as a unique VGX token that rewards users for holding and using it within the Voyager ecosystem. It's important for individuals to do their own research and consider the risks before investing in VGX or using the Voyager platform.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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