Voyager Token

Voyager Token (VGX) is the native utility token of the Voyager platform, a cryptocurrency broker providing secure access to crypto asset trading. VGX is an ERC-20 token on the Ethereum network, used within the Voyager ecosystem to reward users, generate interest when held in the Voyager app, offer cashback rewards, and unlock exclusive services for users. The platform offers commission-free transactions and aims to solve common trading issues like inaccessibility, lack of liquidity, and transparency.

• Total Supply:

• 278,482,214 VGX.

• Circulating Supply:

• 278,482,214 VGX.

• Max Supply:

• 279,387,971 VGX.

• Staking Rewards:

• Users can stake VGX within the Loyalty Program to earn an annual yield interest of 7% in the first year.

• Purpose:

• VGX is used for earning interest, cashback rewards, and discounts on features within the Voyager app.

As of today #{today’s date}, the price of Voyager Token is ₹6.93 INR or 0.0749 USD, with a 24-hour trading volume of 4728513.43 USD. The market capitalisation for Voyager Token is 25782219.27USD. The circulating supply is 342675128.23 Voyager Token, with the total supply also being 370929270.6 Voyager Token.

Pros:

• Utility:

• VGX offers multiple benefits like interest generation, cashback, and exclusive services within the Voyager ecosystem.

• Commission-Free:

• Voyager provides commission-free trading, making it cost-effective for users.

• Staking Incentives:

• The Loyalty Program offers staking rewards, encouraging users to hold VGX.

• Accessibility:

• The Voyager app facilitates trading across multiple exchanges from a single platform.

• Security:

• As an ERC-20 token, VGX benefits from the security of the Ethereum blockchain.

Cons:

• Market Volatility:

• VGX, like all cryptocurrencies, is subject to market volatility.

• Regulatory Risks:

• Changes in crypto regulations could impact VGX’s utility and value.

• Platform Dependence:

• VGX’s value is closely tied to the success and adoption of the Voyager platform.

• Competition:

• VGX faces competition from other brokerage services and platforms.

• Bankruptcy History:

• Voyager Digital filed for bankruptcy in 2022, which could affect trust and token value.

• Ecosystem Growth:

• VGX is integral to the expanding Voyager ecosystem, which could increase its value as the platform grows.

• Rewards Program:

• The token’s staking rewards and cashback incentives could provide ongoing benefits to holders.

• Secure Platform:

• Voyager’s use of Ethereum’s blockchain adds a layer of security for VGX holders.

• User-Friendly App:

• The Voyager app’s ease of use could attract more users, potentially increasing demand for VGX.

• Interest Generation:

• The ability to earn interest on VGX holdings provides a passive income stream.

• Smart Order Routing:

• Voyager’s technology connects with multiple exchanges to find the best rates for users.

• Loyalty Program:

• VGX holders can participate in a Loyalty Program that offers enhanced rewards and benefits.

• No Commission Fees:

• Users can trade without commission fees, paying only the quoted price when executing orders.

Voyager Token (VGX) aims to address issues such as inaccessibility, lack of liquidity, high fees, and lack of transparency in crypto trading. By aggregating prices from multiple exchanges and offering a user-friendly mobile app, Voyager makes trading accessible and efficient without commission fees.

Stephen Ehrlich and Shingo Lavine co-founded Voyager, uniting their rich backgrounds in finance and technology. Ehrlich, previously at the helm of significant financial firms like Tradier, Inc., and Lightspeed Financial, brought deep brokerage industry insights. Lavine, the brain behind Ethos and its innovative products, now steers Voyager's innovation. Together, they target the crypto market's challenges, offering solutions for liquidity, fees, accessibility, and security, making Voyager a noteworthy player in the space.

• Date of Private Token Sale:

• 27th February 2018

• Amount Raised:

• $30 million

• ICO price:

• Not mentioned

• Market Volatility:

• VGX is subject to the inherent volatility of the cryptocurrency market.

• Regulatory Uncertainty:

• Potential regulatory changes could negatively impact VGX’s utility and value.

• Platform Risk:

• VGX’s value is heavily dependent on the success of the Voyager platform.

• Competition:

• VGX competes with other crypto brokerage services, which could limit its growth.

• Bankruptcy Proceedings:

• Voyager Digital’s bankruptcy could lead to uncertainty and risk for VGX holders.

The whitepaper attached, titled “Voyager,” outlines the vision, mission, and solutions provided by Voyager Digital (Canada) Limited, a company dedicated to crypto and digital asset brokerage. Here is a summary of the key points in the whitepaper:

• Merger of Ethos and Voyager:

• The document begins by discussing the merger between Ethos, a cryptocurrency technology service provider, and Voyager, a crypto broker. This merger aims to unite custody and execution services in the crypto space.

• Ethos Products:

• Ethos has developed two core products: the Ethos Universal Wallet and Ethos Bedrock. The Universal Wallet allows users to store, track, send, and receive digital assets, while Bedrock serves as an institutional abstraction layer for building blockchain applications.

• Solving for Liquidity, Custody, and Accessibility:

• The whitepaper identifies liquidity, custody, and accessibility as the main unsolved problems in the crypto space. It emphasizes the need for a retail agency broker that can ensure best execution across all coins and a blended custody/self-custody solution that is fast, liquid, competitive, and secure.

• Voyager’s Approach:

• Voyager is presented as a regulated crypto broker that provides a safe, convenient, and commission-free gateway to the crypto market. It uses a Smart Order Router to aggregate liquidity across multiple exchanges, ensuring best execution for customers.

• Vision and Mission:

• Voyager’s vision is to make digital asset markets accessible, open, safe, and fair for everyone. Its mission is to provide the best way to transfer, trade, and store digital assets, leveling the playing field for customers.

• Problems and Solutions:

• The whitepaper outlines the challenges of lack of liquidity, high fees, inaccessibility, and potential dangers in the crypto market. Voyager’s solutions include a Dynamic Smart Order Router for liquidity, commission-free trading for lower fees, and user-friendly interfaces for accessibility.

• VGX Token:

• The document introduces the Voyager Token (VGX), which offers benefits such as fee savings, cashback rewards, interest earnings, and elevated status for users within the Voyager ecosystem.

• Team:

• The Voyager team is comprised of finance and technology industry veterans with experience from leading organizations like E*TRADE, Uber, and Lightspeed Financial.

• Unique Public Offering:

• Voyager operates like a financial institution and aims to be transparent and trustworthy, working with industry leaders to implement secure custody solutions.

• New Economy:

• The whitepaper concludes with a welcome to the new economy, where Voyager aims to be the safest and most consumer-oriented place to transfer, custody, and trade crypto.

The whitepaper presents Voyager as a disruptive force in the crypto brokerage space, aiming to solve the industry’s core issues of liquidity, custody, and accessibility through innovative technology and a customer-centric approach.