Voyager Token (VGX) Things You Need To Know Before Investing

Riya KapoorApril 27, 2022

3 minutes read

Table of Contents

What Is Voyager Token (VGX)?

Voyager Token (VGX) is a cryptocurrency broker that provides investors with a trusted and secure access point to crypto asset trading. Voyager is built to serve retail and institutional investors with a nigh-instant solution for trading crypto assets.

The crypto brokerage service, which launched in October 2018, now supports over 55 crypto assets and has a unique smart order routing technology that connects it with over a dozen crypto exchanges. The mobile app of Voyager Token launched in January 2019, making it even easier for users to trade cryptos.

The native token of the brokerage, Voyager Token (VGX), is used to reward users within the Voyager ecosystem. VGX also generates interest when held in the Voyager app and offers cash back rewards and other services exclusive to Voyager users.

Voyager also offers 100 percent commission-free transactions – including buying and selling. Traders only have to pay the quoted price when executing an order on the platform.

Who Are the Founders of Voyager Token?

Crypto Trading Technologies, the mother company of Voyager Token, is led by a group with experience in online brokerage services. The project was jointly founded by Stephen Ehrlich, Philip Eytan, Gaspard de Druzy, and Oscar Salazar.

The Chief Executive Officer of the foundation, Stephen Ehrlich, is a veteran in the brokerage and financial market, specializing in developing trading platforms for equity and options traders. He is the founder of Lightspeed Financial and former CEO of E*TRADE Professional Trading LLC.

Chairman of the Voyager Foundation, Philip Eytan, started as a Telecom M&A analyst at Morgan Stanley and portfolio manager at Cerberus Capital. He is the co-founder of the digital healthcare startup, Pager. He is one of the founding investors of Uber, Source, and Livestream.

Gaspard de Druzy serves as a board member for the Voyager Foundation. A veteran in the brokerage and financial market, he started his career as an advisor to Warner Music. He is also the co-founder of Kapitall, Trade. It, and Pager.

Oscar Salazar is an investor and experienced developer of customer-driven mobile applications. He is best known for being the founding architect and Chief Technical Officer of UBER. He is also a co-founder of a digital healthcare startup.

What Makes Voyager Token Unique?

Voyager has created a network for crypto trading that feels remarkably similar to clients traditional online brokerages enjoy. Voyager launched its mobile app in 2019 to bring an easy yet efficient crypto brokerage service to smartphone users.

Voyager Token uses a Smart Order Routing technology that takes advantage of discrepancies between listed prices on cryptocurrency exchanges. This technology helps it connect instantly with over a dozen crypto exchanges for investors to choose the best exchange rate available for their transactions.

This feature also means that investors can also evaluate the spreads between bid and ask prices and higher levels of liquidity across different crypto exchanges. For traders, it becomes much easier to enter and exit positions.

Although the platform offers professional trading services, it remains very easy to use. Voyager’s Smart Order Routing assists the order submission. After selecting a coin or token, the order type, and the amount of the asset to be purchased in USD, Voyager’s Smart Order Routing automatically fills out the order.

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

Like the native tokens of other crypto brokerage platforms, the Voyager Tokens have all been issued. This means that the circulating. Other brokerage services that take this approach include Binance (BNB) and Troy (TROY).

The max supply of such tokens represents the circulating supply because of the high liquidity rate recorded by brokers. The max supply and circulating supply of VGX tokens is set at 222,295,208 tokens, with no immediate plans of issuing more tokens.

How Is the Voyager Network Secured?

Voyager tokens were issued as an ERC-20 token running on the Ethereum network. Being an ERC-20 token, VGX cannot be mined like conventional proof-of-work crypto assets.

The network leverages the well-tested cryptographic standards and methods of Ethereum to ensure an extremely high degree of security. In addition, it incorporates public key cryptography and elliptic key cryptography for advanced security.

Voyager is a publicly traded and licensed crypto-asset broker that receives approval from the Financial Industry Regulatory Authority, Inc. (FINRA). Voyager is also publicly audited for security and regulatory reasons to account for every asset.