What Is VGX
Launched in October 2018 by Crypto Trading Technologies, Voyager token (VGX) is a decentralized blockchain-based broker of cryptocurrencies and blockchain utility tokens. The brokerage provides a trustworthy and secure platform for retail and institutional investors in the cryptocurrency space. The Voyager Network acts as an intermediary with smart forwarding technology between its users and different cryptocurrency exchanges and markets.
Since its launch, the service has grown dramatically, with support for over 55 cryptocurrencies, among which are Ethereum and Bitcoin, the two biggest cryptos by market capitalization, available on Voyager at the time of publication. The platform has a built-in Smart Order Routing functionality that provides users with the best rates across a dozen of other cryptocurrency exchanges. The Voyager's Smart Order Routing enables an intuitive and automated brokerage service within a simple and efficient trading environment.
In January 2019, Crypto Trading Technologies, the parent company of Voyager, launched a mobile app. The app makes trade execution efficient, cost-effective, and profitable. The Voyager app finds the best routes for traders, enabling commission-free trading from the convenience of their smartphones. Traders only pay the quoted price when executing orders.
The brokerage's native cryptocurrency, Voyager Token (VGX), is an ERC-20 token created and hosted on the Ethereum network for extra security. The ETHOS token and Voyager merged to form the Voyager Token (VGX) and provide accessibility, liquidity, and security to the Voyager app. VGX is designed to generate wagering rewards for its holders based on the balance of VGX held in their Voyager app account. It also allows increasing their return income on other digital assets within the Voyager crypto ecosystem.
The market value of VGX is affected by the volatility in the crypto market. It is determined by different factors, i.e., upgrades, updates, roadmap developments, the activity of the dev team, mergers, and the most recent merger of VGX with LGO token.
The VGX price spiked up dramatically during the crypto bull market of 2020-21 and rallied markedly in late July of 2021.
VGX Founders
Stephen Ehrlich, Philip Eytan, Gaspard de Dreuzy, and Oscar Salazar are the co-founders of The Voyager project.
Ehrlich served as the company's chief executive officer and was one of the co-founders of Uber and E*TRADE. He has also developed trading platforms for Stock and Derivatives trading and founded Lightspeed Financial.
Voyager was developed as a brokerage service and was later boosted with the development and launch of the Voyager app for smart trading in 2019. The idea behind the project is to enable traders to execute smart trades efficiently and with no commission on the Voyager app.
VGX Usage / VGX Price
The Voyager app has been designed to make crypto trading easy and cost-efficient. The app provides traders with a variety of crypto assets and helps them manage their portfolios efficiently. Voyager enables users to trade, swap, and invest in over 60 cryptos and tokens within one application.
The increasing popularity of the Voyager crypto trading app is due to its user-friendly interface, and the Smart Order Routing engine that finds the best rates for every trade before a buy or sell order is executed and passes them along to the trader.
The popular features of the Voyager app are - Intuitive order placements, Custom chart views, and 2-factor authentication.
Voyager has no added fees and commissions, and you only have to pay the quoted price once the trade is executed. Moreover, Voyager is the only broker app that also allows users to earn compound interest.
Voyager also enables users to earn substantial interest by depositing the minimum monthly balance without locking up their funds. Users can earn compound interest on over 30 available cryptocurrencies.
The Voyager token price is affected by the technical capacity of the project and the technology the project uses to enable brokerage services. The market price of VGX is not determined by its intrinsic value. It is affected by such factors as the general momentum effects of the cryptocurrency market and global macro factors affecting cryptocurrencies.
Voyager Network Security
The Voyager coin is an ERC-20 token running on the Ethereum (ETH) blockchain. As such, it is secured by Ethereum's state-of-the-art global blockchain consensus mechanism and over 11,000 Ethereum nodes operating worldwide.
The chain is secured by proof of work (PoW), using the SHA-256 hashing algorithm to qualify nodes to participate in the network and follow its protocols while accurately maintaining and updating the ledger. As of mid-2021, the entire Ethereum ecosystem is transitioning to a mixed proof of stake (PoS) and proof of work blockchain.
Voyager Digital is also a publicly traded, licensed, and regulated digital asset brokerage. It is FINRA (the Financial Industry Regulatory Authority, Inc.) approved and undergoes regular public audits.
