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As far as exchange tokens go, none of them have the dedicated fanbase that VGX does. Find out why in our “What Is VGX?” guide. Covered: What is VGX What is the Voyager Loyalty Program Partnerships Tokenomics The Team Concerns What Is The Voyager Token (VGX) To start, Voyager is a one-stop shop for investors […]
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What Is VGX?
As far as exchange tokens go, none of them have the dedicated fanbase that VGX does. Find out why in our “What Is VGX?” guide.
Covered:
What is VGX
What is the Voyager Loyalty Program
Partnerships
Tokenomics
The Team
Concerns
What Is The Voyager Token (VGX)
Credit: Frankfurt Stock Exchange
To start, Voyager is a one-stop shop for investors looking for a safe, secure, and easy way to buy and sell cryptocurrencies.
The platform aims to provide utility and value to its consumers. They built an infrastructure of wealth-building tools and high-yield earning assets for their members. One of them being the VGX token.
Voyager’s native token is used to reward users within the Voyager ecosystem. It generates yield (when held in the Voyager app) and offers cashback rewards, among other things.
The Voyager Loyalty Program (VLP) is a wealth-building tool directly powered by the VGX token. A minimum balance is needed to access the tiers: Adventurer, Explorer & Navigator.
As the company continues to build, they assure their members that the VLP will continue to build and evolve as the business thrives and expands. Voyager is also keen on anticipation. As value and members grow in the ecosystem, Voyager aims to provide a lot more utility in the future. For an inside look at the cash-back and rewards of the VLP, check out our recent article below.
Lastly, there are special promotions. In addition to the loyalty rewards listed, they will also be running special promotions for Voyager Loyalty Program members. Voyager will offer a wide variety of surprise opportunities to stack more VGX 2.0 and maximize your Loyalty Program rewards. Promotions may include but are not limited to: giveaways, trading bonuses, holiday promotions, and more.
Brand Awareness
Voyager has made inroads over the last year to increase brand visibility. Specifically, Voyager has aggressively acquired companies and partnered with major brands and celebrity figures.
Here is a list of some of Voyager’s moves this year:
Coinify– A global payment infrastructure to Voyager’s digital asset ecosystem and will give a fast, easy, and secure way to make payments from their Voyager accounts.
Mastercard – Earn 9% yield on USDC (potentially boosted by VLP tier), up until you swipe this debit card for purchases.
CryptoTrader.tax – Streamline and simplify tax reporting.
Particle– Powered by Avalanche blockchain. Particle makes NFT ownership accessible and inclusive.
Dallas Maverics – Voyager and the Dallas Mavericks will work to make cryptocurrency more accessible through educational and community programs, global activations, and fan engagement promotions.
Alameda Research – Stephen Ehrlich states, “Alameda is one of the largest crypto market makers in the world, and we believe there are significant opportunities in working together. These opportunities include NFTs and crypto derivatives through Alameda as well as the creation of thought leadership as we work with lawmakers on shaping regulation”.
Rob Gronkowski – Gronk Becomes Voyager Brand Ambassador, Shareholder, and VGX Token Holder.
Market Rebellion – Online Broker Platform for Equities, Options, and Futures Trading.
Blockdaemon – Provide secure node infrastructure facilitating more interest offerings to Voyager’s customers on their digital assets.
Atheletes – Landon Cassill, paid entirely in crypto (sponsorship). Victor Oladipo, two-time NBA all-star.
Some of the partnerships may not directly impact VGX, but they all will indirectly impact the future utility and marketing of the token. Stephen Ehrlich, CEO of Voyager, has stated that through Voyager’s expansion and acquisitions, they fully plan to integrate VGX into its business model and reward structures.
However, the newly minted tokens will only go to those earning yield on the VGX token. Meaning it will be value-add to the holders of VGX.
Voyager’s new VGX 2.0 that is currently purchasable is a combination of VGX 1.0 (formerly Ethos) and LGO token, a native token to a European company Voyager acquired. Through the merger of this company, Voyager opted to open a portal to allow all LGO holders to swap their tokens into the new VGX 2.0.
Many of the LGO holders did not swap their tokens, which left the VGX supply of 222M tokens, and the 40M for the Year 1 Growth pool. This result, in a circulating supply of 281.5M tokens. According to Stephen Ehrlich, the growth pool WILL consist of newly minted tokens – meaning it’s inflationary for 8 years. However, the newly minted tokens will only go to those earning yield on the VGX token. Meaning it will be value-add to the holders of VGX.
The Team
Voyager’s team is comprised of finance and technology sector veterans. Active “disruptors” with combined decades worth of experience in leading organizations like E*TRADE, Uber, TradeIt, and Lightspeed Financial. The team featured, again are known for innovation, security and ease-of-use. Oscar Salazar is well known as Uber’s Architect and Chief Technology Officer.
Stephen Ehrlich is a brokerage and market veteran who founded Lightspeed Financial. During his tenure, he was responsible for several major acquisitions. Lightspeed Financial is the nation’s third-largest brokerage firm, averaging 450,000 trades daily in 2009. He worked at Lightspeed until founding Voyager Digital in 2017, launching in 2019 in Canada.
Concerns
The primary concern surrounding Voyager’s VGX is its lackluster price action. Much of that can be attributed to Voyager’s “growing pains” as a company. Voyager continues to make strides but definitely has its share of outages, withdrawal escalations, roadmap delays, and exhaustive waitlists to onboard. Projects can only be as good as the problems they fix. Voyager may need to step up a bit more to keep attracting investors in a crowded marketplace. Nevertheless, VGX appears poised to maintain its position as one of the top exchange tokens alongside BNB, CEL, and CRO.
Where To Buy VGX?
You can purchase VGX on most major exchanges like Binance.us, similar to buying any other cryptocurrency. You can either place a market buy or a limit buy. With a limit buy, you determine the price you are willing to pay, and your order gets filled once the token price reaches your limit price. If you want to get your hands on the token quickly, you can place a market order, where you agree to pay the current price and have your order filled almost immediately. If you are interested in purchasing VGX you can do so by visiting Binance.US. and Gate.IO.
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