What is Voyager Token (VGX)?

Voyager is a mobile broker application that allows users to buy, trade, swap, and invest in cryptocurrencies. The Voyager application is available for iOS and Android operating systems, making this software a notable project. It links its customers to several cryptocurrency exchanges and marketplaces to enable traders and investors to make the most of their transactions.

Voyager 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.

The Voyager Token (VGX) was created by combining developers from the ETHOS token and Voyager. It is used to reward users within the Voyager ecosystem and generates interest when held in the Voyager app. It also offers cashback rewards and other exclusive services to Voyager users.

A brief history of Voyager Token (VGX)

Voyager Token joined the market in 2018 as a crypto brokerage firm. Stephen Ehrlich, CEO and founder of Voyager Digital, created the platform to provide the crypto marketplace 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. To complete the token swap, the VGX and LGO tokens were converted into a new token — VGX. At the time of the official swap, the new VGX had a total market capitalisation of over US$900 million.

In early July 2022, however, Voyager Digital Ltd., and two affiliates — Voyager Digital LLC and Voyager Digital Holdings — filed for Chapter 11 bankruptcy protection, citing recent market volatility in addition to the collapse of a hedge fund in which it had lent money.

How Voyager Token works (VGX)

Voyager Token has a unique 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. Its VGX token rewards users inside the Voyager crypto broker ecosystem and Voyager Loyalty Program. When kept in the Voyager app — the mobile app was launched in January 2019 — it generates 5% interest.

VGX is an ERC-20 token that operates on the Ethereum network. This enables VGX to harness Ethereum's (ETH) well-tested cryptographic standards and methodologies to provide an incredibly high level of security. It also incorporates public-key cryptography and elliptic key cryptography for enhanced security.

The Voyager token connects users to various cryptocurrency exchanges and markets by using purpose-built smart contracts and a unique blockchain. The system enhances trade execution, lowers expenses, and increases 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.

What is Voyager Token (VGX) used for?

The protocol's straightforward user interface allows consumers to better manage their crypto investments across numerous platforms. Users have easy access to, and control over, many accounts on different exchanges.

Users of the Voyager Token get cashback on all of their transactions. By motivating consumers to engage in the market, this system serves to enhance liquidity.