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VGX Token

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is VGX Token?

The Voyager Token (VGX) is a cryptocurrency designed to reward users of the Voyager platform, a decentralized blockchain-based broker that allows users to buy, sell, and invest in over 60 cryptocurrencies. VGX is an ERC-20 token on the Ethereum blockchain, with a limited supply of approximately 279 million tokens. It incentivizes users through a loyalty program, offering staking rewards and higher earnings based on the user's rank within the program. The token's value is influenced by market sentiment, the popularity of the Voyager app, and the broader cryptocurrency market.

How is VGX Token used?

The Voyager Token (VGX) is used for various purposes within the Voyager ecosystem. It is primarily designed to reward and incentivize users for their loyalty and participation on the platform. Here are some key ways VGX is utilized:

  1. Earning Interest and Rewards: VGX holders can earn interest on their holdings in over 30 supported cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Additionally, users can earn cashback rewards and discounts on features within the app through the Voyager Loyalty Program.

  2. Trading and Investing: Voyager allows users to seamlessly trade over 60 cryptocurrencies and tokens across 12 major exchanges from a single, user-friendly app. This includes automatic trade execution, liquidity, custody, and accessibility to various exchanges.

  3. Staking and Compound Interest: Users can stake their VGX to earn rewards and compound interest on their holdings. This incentivizes users to hold and participate in the Voyager ecosystem.

  1. Utility Token: VGX serves as the primary payment method and utility token for the Voyager app, facilitating various transactions and interactions within the platform.

Overall, the Voyager Token is designed to enhance the user experience, provide rewards, and promote engagement within the Voyager ecosystem.

How do I store VGX Token?

To store Voyager Token (VGX) tokens, you can use any Ethereum-compatible wallet that supports ERC-20 tokens. Some popular options include:

  • MetaMask
  • My Ether Wallet
  • Ledger Nano S/X
  • Trust Wallet
  • Exodus
  • Coinbase Wallet
  • Atomic Wallet
  • Trezor
  • Eidoo
  • Coinomi
  • imToken
  • Jaxx
  • Trust Vault
  • Coin98
  • Freewallet
  • Infinito Wallet

Additionally, you can also use specialized wallets like Guarda, which offers a secure and user-friendly platform for managing cryptocurrencies, or Zengo, a keyless, non-custodial wallet that uses three-factor authentication and facial recognition for added security.

How to buy VGX Token?

To buy Voyager Token (VGX) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy and reputable cryptocurrency exchange that supports Voyager Token (VGX) purchases. Some popular exchanges include Coinbase, Binance, and KuCoin. Research the exchange's reputation, read user reviews, and compare fees to find the best option for you.

  2. Create an Account: Open an account on the chosen exchange by providing necessary information, including your email address, a secure password, and completing any required identity verification steps. This will serve as your portal for purchasing and managing your cryptocurrencies.

  3. Fund Your Account: Add funds to your exchange account using a suitable payment method. Common options include:

  • Credit/Debit Card: A straightforward method ideal for newcomers, supporting both Visa and Mastercard transactions.
  • Bank Deposit: Transfer fiat currency from your bank account to the exchange using SWIFT, and then use the deposited funds to buy Voyager Token (VGX).
  • Third-Party Payment: Various third-party payment channels are available, depending on the exchange and your region.
  • Peer-to-Peer Trading: Some exchanges offer direct purchases from other users.
  1. Buy Voyager Token (VGX): Navigate to the "Buy & Sell" section, select Voyager Token (VGX) as the cryptocurrency you want to buy, and choose your preferred order type:

    • Market Order: Purchase Voyager Token (VGX) at the current market rate.
    • Stop Order: Buy or sell Voyager Token (VGX) at a specified price.
    • Limit Order: Set a specific price or better for the purchase or sale.
    • TWAP Order: Break down large orders into smaller segments across a chosen timeframe.
  2. Store or Use Your Voyager Token (VGX): Once purchased, you can store your Voyager Token (VGX) in your personal cryptocurrency wallet or hold it in your exchange account. You can also trade it for other cryptocurrencies or stake it for passive income.

Remember to carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions. Cryptocurrency prices are subject to high market risk and price volatility.

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History of VGX Token

The Voyager Token (VGX) is a cryptocurrency that was launched in 2017 by Voyager Digital, an American cryptocurrency platform. Initially, the token was based on the Ethos Token, which was acquired by Voyager in 2019. The VGX token was designed to reward Voyager customers for their loyalty and was integrated into the Voyager ecosystem.

The token experienced significant price fluctuations over the years. It surged to an all-time high of $12.54 in January 2018 but then fell by 99.44% to $0.01699 by December 2019. The token saw a resurgence in 2021, peaking at $6.9704 in March of that year. However, it has since declined, losing more than 75% of its value.

In 2020, Voyager integrated its native tokens into a new single token model known as VGX 2.0, which operates on the Ethereum blockchain as an ERC-20 cryptocurrency. Holding the VGX coin allowed users to earn staking rewards and boost their earnings by joining the Voyager Loyalty Program.

The VGX ecosystem is now managed by the VGX Foundation, separate from Voyager Digital. The token's maximum supply is approximately 279 million, with over 210 million in circulation. Despite its history of price volatility, the VGX token remains a significant player in the cryptocurrency market.

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How VGX Token works

The Voyager Token (VGX) is a cryptocurrency designed to reward and incentivize users of the Voyager mobile app, a prominent cryptocurrency broker platform. Here's how it works:

Background and Purpose

Voyager Token was created by Voyager Digital, an American cryptocurrency platform founded in 2017 by a team of finance and technology industry veterans. The platform aims to provide secure and trusted access to cryptocurrency trading, offering best-in-class customer service, access to popular assets, and commission-free trading.

Token Functionality

VGX is an ERC-20 token built on the Ethereum network, functioning as the utility token within the Voyager app. It plays a key role in offering rewards and incentives to users, including the ability to earn compound interest on various cryptocurrencies, with Ethereum and Bitcoin being the most prominent examples.

Loyalty Program and Staking

Holding VGX tokens in a wallet allows users to access three levels of reward tiers: Adventurer, Explorer, and Navigator. Each tier offers higher rewards based on several actions, such as referring friends. The baseline staking deposit can earn users up to 7%, with additional percentages added depending on the tier.

Trading and Interest

VGX enables commission-free trading and provides users with access to the best rates across multiple exchanges through the Voyager Smart Order Routing system. This feature simplifies the trading process and makes cryptocurrency trading more accessible to a broader demographic.

Token Supply and Circulation

The maximum and circulating supply of VGX is set at approximately 279 million tokens. There are no plans to create any more tokens, and 25% of VGX will be burned as transaction fees to increase its value.

Investment and Trading

VGX can be purchased or traded for other cryptocurrencies or fiat currencies. It is available on various exchanges and can be stored in wallets like Zengo, which offers a secure and user-friendly platform for managing VGX tokens.

Key Features
  • Rewards and Incentives: VGX offers rewards and incentives to users, including staking rewards and cashback on trades.
  • Commission-Free Trading: VGX enables commission-free trading on the Voyager app.
  • Smart Order Routing: The Voyager Smart Order Routing system connects users to top cryptocurrency exchanges, allowing them to access the best rates across multiple platforms.
  • Loyalty Program: The Voyager Loyalty Program offers tiered rewards based on the amount of VGX held.

Overall, the Voyager Token is designed to enhance the user experience on the Voyager app by providing rewards, incentives, and a seamless trading experience.

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VGX Token's strengths

The Voyager Token (VGX) has several strengths that make it an attractive investment opportunity:

  1. Loyalty Program: VGX is designed to reward Voyager customers for their loyalty. By holding VGX tokens, users can gain access to three levels of reward tiers, which provide higher rewards based on several actions such as staking and referrals.

  2. Staking Rewards: Holding VGX allows users to earn staking rewards of up to 7%. Additionally, users can earn more rewards based on their rank in the loyalty program, with higher ranks providing higher returns.

  3. Utility: VGX tokens have utility within the Voyager ecosystem, facilitating a loyalty program that incentivizes users to engage with the platform. This utility can drive demand and contribute to the token's value.

  1. Limited Supply: The VGX token has a limited supply of around 279 million, which can lead to higher price volatility due to demand fluctuations. This limited supply can also contribute to the token's value over time.

  2. Ethereum-based: VGX is an ERC-20 token, which means it is powered by the Ethereum blockchain. This provides a secure and reliable foundation for the token's operations.

  3. Integration with Voyager Platform: VGX is deeply integrated with the Voyager platform, which offers a wide range of digital assets for trading. This integration can drive adoption and increase the token's value.

Overall, the Voyager Token's strengths lie in its utility, staking rewards, and limited supply, making it an attractive option for those interested in investing in a cryptocurrency with a clear use case.

VGX Token's risks

Voyager Token (VGX) carries significant financial risks. As a cryptocurrency, it is inherently volatile and subject to market fluctuations. The token's value can be heavily influenced by external factors such as bankruptcy proceedings, regulatory actions, and market sentiment. For instance, the Voyager Sale Hearing and potential takeover rumors can impact the token's future, making it a high-risk investment.

Additionally, the token's legal status is disputed, with some alleging it to be an unregistered security. This ambiguity can lead to regulatory issues and potential legal actions, further increasing the risk for investors.

Investors should be cautious and conduct thorough research before investing in VGX, as the token's value can be highly unpredictable. It is essential to evaluate personal risk tolerance and financial circumstances before making any investment decisions.

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VGX Token's ecosystem

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VGX Token’s team

  • Stephen Ehrlich: CEO of Voyager Digital, with extensive experience in brokerage and financial markets, particularly in trading platforms for equity and options trading. He is a former CEO of ETRADE Professional Trading LLC.
  • Philip Eytan: Chairman of the Voyager Foundation, with experience at Morgan Stanley and as a portfolio manager at Cerberus Capital. He is also one of the founding investors of Uber, Source, and Livestream.
  • Oscar Salazar: Investor in the Voyager Foundation and the Chief Technical Officer of Uber.
  • Gaspard de Dreuzy: Board member for the Voyager Foundation, a veteran in the financial market, and a co-founder of Kapitall, Pager, and Trade.it.

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