VGX Token (VGX) Cryptocurrency Market Data and Information

What is Voyager (VGX)?

The Voyager Token (VGX) is the native cryptocurrency of the Voyager platform, a cryptocurrency broker designed to provide investors with a user-friendly gateway to the digital asset market. Voyager aims to simplify cryptocurrency investment by offering a commission-free trading experience across a wide range of digital assets. Launched in October 2018, the Voyager platform is designed to serve both retail and institutional investors. It offers access to over 55 cryptocurrencies, including prominent assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Voyager’s core principle is to provide users with optimal prices by leveraging a smart order routing system connected to multiple cryptocurrency exchanges.

The Voyager platform utilizes a smart order routing mechanism that connects to more than a dozen different cryptocurrency trading platforms. By analyzing price discrepancies across these platforms, Voyager aims to execute trades at the most favorable prices available, thus maximizing value for its users. Voyager aims to provide a seamless and cost-effective trading experience. This ability to identify and capitalize on price variations across different exchanges is a key differentiator for the platform. In 2019, Voyager introduced a mobile application which broadened accessibility and significantly contributed to the platform’s adoption. The app further streamlined the trading process, making it easier for users to manage their cryptocurrency investments on the go.

How Does VGX Work?

The Voyager platform functions as a brokerage service that aggregates liquidity from various cryptocurrency exchanges. When a user places an order on the Voyager platform, the smart order routing system automatically searches for the best available price across its connected exchanges. This system analyzes the order books of each exchange in real-time, factoring in transaction fees and other costs, to determine the most cost-effective way to execute the trade. Once the optimal price is identified, the system routes the order to the corresponding exchange for execution.

VGX token is integral to the Voyager ecosystem. It serves as a utility token that offers various benefits to holders. These benefits have historically included enhanced interest rates on cryptocurrency holdings held on the Voyager platform, cashback rewards for trades executed on the platform, and other exclusive services. The functionality has been closely associated with Voyager’s past partnership with the Celsius Network. It is important to note that the specific utilities and benefits associated with VGX can change over time as the platform evolves and the VGX Foundation continues to develop partnerships and integrations within the gaming space. VGX is envisioned as a cross-platform and cross-chain token which aims to be the core for rewarding players across various gaming projects.

VGX Key Features and Technology

VGX is a utility token focused on the gaming space with the goal of integrating into games and platforms. Here are some key features:

• Cross-Platform and Cross-Chain Functionality: VGX is designed to operate seamlessly across different gaming platforms and blockchain networks. This interoperability is crucial for creating a unified gaming experience and allowing players to move their rewards and ownership across various games.
• Rewards and Ownership for Players: The token serves as a mechanism for rewarding players for their engagement and achievements within the gaming ecosystem. It aims to foster a sense of ownership and empowerment among players.
• Foundation-Led Development: The VGX Foundation is the main entity responsible for driving the development and adoption of VGX. The Foundation actively seeks partnerships with gaming projects and companies to integrate VGX into their ecosystems. This collaborative approach is essential for expanding the reach and utility of the token.
• Smart Order Routing: Although the VGX token itself doesn’t directly control order routing, the Voyager platform (from which it originated) utilizes a smart order routing system. This system connects to various cryptocurrency exchanges and identifies the best available price for each trade.

While not directly related to the technical specifics of the VGX token itself, the Voyager platform offers commission-free trading. This removes a major barrier to entry for new investors and allows users to trade cryptocurrencies without incurring significant transaction costs.

What is VGX used for?

The primary purpose of the VGX token is to serve as a utility token within the broader ecosystem for rewarding players across games. The VGX Foundation has the aim to foster a strong sense of community and incentivize active participation. VGX aims to become a key component of the future of gaming, by giving players the ability to earn and own digital assets across a variety of games.

Additionally, the VGX Foundation aims to partner with other projects and companies to integrate VGX into their games and platforms. This integration will provide players with opportunities to earn VGX through gameplay, participation in tournaments, and other in-game activities. It may also allow players to use VGX to purchase in-game items, unlock special features, or access exclusive content. Furthermore, the VGX is designed to operate across multiple blockchain networks. This cross-chain compatibility is essential for ensuring that the token can be used in a wide range of games and platforms, regardless of the underlying blockchain technology.

How Do You Buy VGX?

Purchasing VGX typically involves creating an account on a cryptocurrency exchange that lists the token. The availability of VGX on specific exchanges can vary depending on regulatory factors and listing agreements. Here’s a general overview of the process:

1. Choose an Exchange: Research and select a reputable cryptocurrency exchange that lists VGX. Popular options might include Binance, Kraken, KuCoin, or others depending on your geographic location and regulatory considerations.
2. Create an Account: Register for an account on the chosen exchange. This usually involves providing personal information, verifying your email address, and completing a Know Your Customer (KYC) process.
3. Fund Your Account: Deposit funds into your exchange account. Most exchanges support deposits via bank transfer, credit/debit card, or other cryptocurrencies.
4. Purchase VGX: Once your account is funded, navigate to the trading page for VGX. You can typically buy VGX using a trading pair with another cryptocurrency (e.g., VGX/USDT, VGX/BTC) or a fiat currency (e.g., VGX/USD, VGX/EUR). Place a buy order for the desired amount of VGX.
5. Withdraw VGX (Optional): After purchasing VGX, you may choose to withdraw it from the exchange to a personal cryptocurrency wallet for safekeeping.

Disclaimer: The availability of VGX on specific exchanges can change. It’s always recommended to verify the current listings on major cryptocurrency data aggregators or the official project website.

How Do You Store VGX?

Storing VGX securely is crucial to protect your investment. Cryptocurrency wallets come in various forms, each offering different levels of security and convenience. Here are some common options for storing VGX:

• Exchange Wallets: Storing VGX on the exchange where you purchased it is the easiest option, but generally considered the least secure. Exchanges are vulnerable to hacking attempts, so it’s not recommended for long-term storage of significant amounts of cryptocurrency.
• Software Wallets (Hot Wallets): These are digital wallets that can be installed on your computer or smartphone. They offer a balance of convenience and security. Popular software wallets include Trust Wallet, Exodus, and Atomic Wallet. Always download software wallets from the official website to avoid malware.
• Hardware Wallets (Cold Wallets): These are physical devices that store your private keys offline, providing the highest level of security. Hardware wallets are immune to online attacks and are ideal for long-term storage of larger amounts of cryptocurrency. Popular hardware wallets include Ledger and Trezor.

When choosing a wallet, consider your risk tolerance, technical expertise, and the amount of VGX you plan to store. For small amounts of VGX that you plan to trade frequently, a software wallet might be sufficient. For larger amounts or for long-term holding, a hardware wallet is highly recommended.

Future Outlook and Analysis for VGX

The future of VGX is closely tied to the overall growth and adoption of blockchain-based gaming and metaverse projects. The VGX Foundation’s strategy of partnering with gaming developers and integrating VGX into various gaming ecosystems could prove to be a key driver of value. A successful integration of VGX into a popular game could significantly increase its visibility and demand.

However, it’s important to consider the broader market dynamics. The cryptocurrency market is inherently volatile, and the success of any cryptocurrency, including VGX, depends on a variety of factors, including market sentiment, regulatory developments, and technological advancements. The ongoing development of the Voyager ecosystem, the successful execution of the VGX Foundation’s partnerships, and the overall adoption of blockchain gaming will all play a significant role in shaping the future of VGX.

References

• CoinGecko
• CoinDesk