What is cryptocurrency Voyager Token (VGX) and how does it work?

What Is Voyager (VGX)?

Voyager is a broker mobile application that enables users to buy, sell, swap, and invest in cryptocurrencies. The Voyager application is available for iOS and Android operating systems, which is why this software represents a prominent project. To enable traders and investors to make the best out of their trades, Voyager connects its users to different cryptocurrency exchanges and markets.

Users can trade, swap, and invest in over 60 cryptos and tokens within one application that facilitates financial freedom, and helps crypto traders manage their portfolios efficiently. Voyager also offers solid interest for users who deposit the minimum monthly balance without locking up their funds. Users can earn compound interest on over 30 available cryptocurrencies, which include Bitcoin, Ethereum, Polkadot, Dash, and many more.

The Voyager app won’t charge any fees for investing, which is uncommon for broker services and products. Moreover, Voyager is the only broker app that also allows users to earn compound interest.

How Does Voyager Token Work?

Voyager easily connects users to some of the top crypto exchanges via Voyager Smart Order Routing, which acts as a side-chain that connects the app to supported exchanges so users can find the best rates across numerous exchange platforms all in a single app.

The Voyager app is only available for mobile use and supports both iOS and Android systems. The minimum deposit for registering on the broker app is $10, while the limit for instant trading of funds that are yet to be cleared is $5,000, which increases wealth opportunities and investment entry for a wider demographic. With Voyager, the main idea is to make crypto trading easy, simple, straightforward, cost-efficient, and widely available, which is why Voyager employs Voyager Smart Order Routing. 

Whenever a trader creates an order to buy or sell cryptocurrency, Voyager Smart Order Routing connects the user to one of the 12 supported cryptocurrency exchanges, among which are some of the most popular trading platforms. The system searches for the best rates for every trade before a buy or sell order is executed to ensure that users will get the most out of their trading sessions. 

The idea is to pay the quoted price once the trade is executed, while trading in a commission-free environment.

Who Are the Founders of Voyager Token? (History of Voyager Token)

Voyager was developed as a brokerage service and launched in 2018, while the project was later given a boost with the development and launch of the Voyager app for smart trading in 2019. The project was co-founded by the CEO of Voyager, Steve Ehrlich, and Oscar Salazar with the official Voyager team.

The idea behind the project is to enable traders and investors to execute smart trades efficiently and with no commission taken for trading on the Voyager app.

What Makes Voyager Token Unique?

Voyager is a unique brokerage service thanks to the employment of the Voyager application, which makes trade execution efficient, cost-effective, and profitable. The Voyager app finds the best routes for traders, enabling commission-free trading on the application. Another thing that makes Voyager unique is the feature that allows users to compound their interest on over 30 cryptocurrencies, among which are the two biggest cryptos by market capitalization: Ethereum and Bitcoin.

Voyager also makes crypto trading more available and accessible to traders worldwide who may not be experienced in trading. Thanks to the easy-to-use interface, trades are simplified, while Voyager’s Smart Order Routing provides users with the best rates across the 12 biggest and most popular exchanges. Trades are executed to match the quoted price, so traders can enjoy an intuitive and automated brokerage service within a simple and efficient trading environment.  

What Gives Voyager Token Value?

Voyager Token draws its value from the technology the project uses to enable brokerage services, technical capacity, use cases, and adoption, while the market price of VGX rarely coincides with its intrinsic value.

The market value of VGX is defined and determined by a multitude of different factors, which includes upgrades, updates, roadmap developments, the activity of the dev team, mergers, and partnerships like the most recent merger of VGX with LGO token. VGX market value can be affected by other factors, such as important news and events, and the volatility in the crypto market.

How Many Voyager Token (VGX) Tokens Are in Circulation?

There are currently VGX in circulation. The token was launched with a max supply of 222,295,208 VGX, but following a merger with LGO token, the introduction of a growth pool and VGX interest mean that new tokens will be minted. After the first year, the future interest yield will be voted on by the community. The project will also burn 25% of VGX spent on withdrawal fees, meaning the rate of change of the supply will depend on the volume of withdrawals as well as the decisions of the Voyager community.

The number of VGX tokens in the circulating supply multiplied by the market price of VGX is equal to the market capitalization of Voyager Tokent. The market cap determines the rank of VGX in comparison with other cryptocurrencies, while it also defines its market share.

Other Technical Data

The main method of payment and the utility token of the Voyager app is VGX. VGX is an ERC-20 token created and hosted on the Ethereum network for extra security. VGX plays an important role in the Voyager ecosystem as the token can be used for rewards, while users can also generate interest based on the balance of VGX held in their Voyager app account. VGX also offers cashback rewards and unlocks different services on the Voyager app.

The ETHOS token and Voyager merged to create the Voyager Token (VGX) and provide accessibility, liquidity, and security to the Voyager app. The technology used for creating the app enables users to utilize Voyager Smart Order Routing to find the best rates on multiple exchanges in an automated process. Otherwise, users would have to have multiple accounts on different exchanges, making it hardly manageable for traders to check every exchange platform to find the best rate themselves.

How Is the Voyager Token Network Secured?

The Voyager app uses encryption to secure all operations on the network with industry-standard protocols. Data storage is also secured to ensure safe and secure data transmission. Voyager partnered with Plaid, which is a secure open banking platform that works with services like Venmo. Plaid connects users’ bank accounts to the platform in a secure way to enable safe interactions.

Voyager Token VGX

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Bitcoin BTC

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Ethereum ETH

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XRP XRP

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For an added layer of security, customers’ USD funds held on the Voyager app are secured with FDIC insurance up to the value of $250,000.

How to Use Voyager Token

Voyager is primarily used to help traders and investors seamlessly trade over 60 cryptocurrencies and tokens across 12 of the biggest exchanges in the market, all from one place and within a user-friendly environment. Voyager is used for trading, investing, swaps, and asset management. Users can also earn rewards on stablecoin loans, based on interest fees, and can earn compound interest on holdings in over 30 supported cryptos, including Bitcoin (BTC) and Ethereum (ETH).

Voyager is used for automatic trade execution based on the users’ quotes, with added liquidity, custody, and accessibility. Users can access a great number of exchanges all from a single app while having access to other services for generating wealth.

The Voyager Token (VGX) is used for earning interest, cashback rewards, and discounts on features within the app.

How To Choose a Voyager Token Wallet

The Voyager app itself provides a wallet for storing VGX and other supported cryptocurrencies. You can also store VGX in any other wallet that supports ERC-20 tokens and the type you choose will likely depend on how much you need to store and what you plan to do with it.

Hardware wallets or cold wallets like Ledger or Trezor provide the most secure option for storing cryptocurrencies with offline storage and backup. However, they can require more technical knowledge and are a more expensive option. As such, they may be better suited to storing larger amounts of VGX for more experienced users.

Software wallets provide another option and are free and easy to use. They are available to download as smartphone or desktop apps and can be custodial or non-custodial. With custodial wallets, the private keys are managed and backed up on your behalf by the service provider. Non-custodial wallets make use of secure elements on your device to store the private keys. While convenient, they are seen as less secure than hardware wallets and may be better suited to smaller amounts of VGX or more novice users.

Online wallets or web wallets are also free and easy to use, and accessible from multiple devices using a web browser. They are, however, considered hot wallets and can be less secure than hardware or software alternatives. As you are likely trusting the platform to manage your VGX, you should select a reputable service with a track record in security and custody. As such, they are most suited for holding smaller amounts of cryptocurrencies or for those making more frequent trades.

Kriptomat offers a secure storage solution, allowing you to both store and trade your VGX tokens without hassle. Storing your Voyager Token with Kriptomat provides you with enterprise-grade security and user-friendly functionality.

Buying and selling VGX, or trading it for any other cryptocurrency, is done in mere moments when you choose our secure platform as your storage solution.

Voyager Token Staking

Voyager Token (VGX) can be staked within the Loyalty Program, where users can earn an annual yield interest of 7% in the first year. The future yield rate will be voted on by VGX holders who can also stake their tokens for governance purposes.

Conclusion

Voyager aims to resolve some of the most common problems that traders and crypto investors encounter when trading on various exchanges. These problems include inaccessibility, lack of liquidity, high fees, and lack of transparency. The Voyager app makes trading accessible, fast, and also user-friendly and doesn’t take any commission for trading via the application.

Users can manage their assets via their mobile device, and hold and trade over 60 cryptocurrencies in a single app that connects them to the top exchanges in the crypto market. As Voyager resolves some of the biggest issues present in crypto trading, it could become an integral part of the growing DeFi sector.

Join the crypto revolution and start your Voyager Token journey today!

Voyager Token FAQ

How To Buy Voyager Token

Buying VGX is as easy as visiting Kriptomat’s how to buy Voyager Token page and choosing your preferred method of payment.

How To Sell Voyager Token

If you already own VGX and hold it in a Kriptomat exchange wallet, you can easily sell it by navigating the interface and choosing your desired payment option.

Voyager Token Price

Voyager Token price is subject to frequent changes and is in constant flux, mostly due to the high volatility in the cryptocurrency market. VGX price can change dramatically within a relatively short period, affected by volatility and a multitude of other factors. You can check the live Voyager Token price on Kriptomat.

As well as traditional factors such as market sentiment, the flow of assets on exchanges, and the economy in general, the price of VGX is also affected by the popularity of the Voyager app and the future actions of the Voyager community.

The current Voyager Token price is EUR.

The 24-hour trading volume of VGX is EUR. VGX is currently ranked of all cryptocurrencies by total market cap, with a market cap of EUR. It has a circulating supply of .

Register now to begin your journey into the world of Voyager Token and cryptocurrencies with Kriptomat!

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