Founded by Wall Street and Silicon Valley entrepreneurs in 2018, Voyager Digital Ltd. represents a crypto-asset platform providing retail and institutional clients with a set of simple tools for trading, investing, and earning crypto assets. The facility is fueled by a native utility token VGX designed to reward customers for their loyalty to the project.
As the platform founders believe that crypto assets are the future of finance and investing, they still recognize various problems in the blockchain industry that prevent the technology from getting adopted at scale. With that said, they aim to combat the following set of issues.
First, they consider the complexity of the technology to be the key problem as buying and trading crypto assets may be really confusing for non-tech-savvy users. To overcome this obstacle, they create an easy-to-use application featuring automated crypto trading, staking, and earning rewards. Second, they combat the liquidity problem by connecting to multiple exchanges and liquidity providers, aggregating prices across different markets and thus creating an analogy of National Best Bid and Offer for the crypto market.
In addition, the platform represents a bridge between real-world assets, equity markets, and crypto assets to improve fungibility and facilitate the process of exchanging fiat for crypto. Finally, Voyager offers an all-in-one tool for fiat on-ramp and off-ramp, a wide selection of altcoins, and a Yield Farming program.
The platform offers a range of different tools to meet the needs of its customers. The list includes the Voyager App, the Voyager Debit Card, Staking Portal, and the Loyalty Program.
The Voyager App enables its users to trade 100+ top digital assets and earn up to 12% annual rewards on them. Investors can easily fund their accounts and instantly trade Bitcoin, stablecoins, top DeFi coins, and a big number of altcoins. The application is available for iOS and Android only as there is no desktop version.
The Voyager Debit Card has functionality similar to most other crypto debit cards represented on the market. What makes it different is the generous reward (up to 9%) in USDC that users may get by simply holding their assets on the card. In addition, users may get tiered annual rewards for various cryptocurrencies. The size of the reward may be as low as 0.5% for such assets as DOGE and OMG and as high as 10% for DOT and 12% for KAVA. The highest APY for BTC equals 3.25% which is available for those who hold 0.01-0.25 BTC in their wallets. At the time of writing, the card is still at the project stage as users can only subscribe for early access to this product on the official website of the project.
The Staking Portal enables users to stake the VGX token only and earn 7% annual rewards for that. To make use of the portal, customers have to connect their Metamask wallets. Finally, the Voyager Loyalty Program helps its users to increase their earnings even more by holding a specific number of VGX tokens. While the staking rewards remain the same for all available tiers, users can enjoy other perks such as increased cashback on trades, Yield Reward Booster, higher Refer-a-Friend rewards, etc.
VGX 1.0 and 2.0
VGX was previously known as Ethos Token as it was launched in 2017. The company acquired Ethos.io in 2019 along with the team and all its technologies. The token was incorporated into the ecosystem of the project and rebranded as the Voyager Token (i.e. VGX 1.0) at the beginning of 2020.
Later in 2020, as the project was rapidly expanding, it acquired one more company LGO, a France-based licensed exchange. After that, a new version of the token was issued known as VGX 2.0. The new token comes with a set of additional benefits that help the project enhance its reward programs. The official swap took place on August 16th, 2021, as users got the possibility to exchange the old tokens for the new ones at a 1:1 ratio.
Being an ERC20 token, VGX can be stored on any Ethereum-compatible wallet like Metamask or Coinomi. Along with the rapid expansion of the project, its token has been listed on many different exchanges including Binance, Coinbase, Gate.io, and many more.
In addition to the digital markets, Voyager is listed on the Toronto Stock Exchange as it can be traded under the ticker VOYG there. Its stock is also available Over-the-Counter (OTC) through various US brokers. To ensure the security of investors’ funds, the company applies to FDIC (Federal Deposit Insurance Corporation) which guarantees a full reimbursement (up to $250,000) in case USD funds get compromised due to our banking partner's failure. Though traditional stock markets lack the transparency provided by the crypto industry, Voyager informs its investors about the key milestones of its development by publishing regular financial statements and conducting webcasts.
Voyager team and partners
The company is backed by a number of seasoned entrepreneurs and experts with various backgrounds in IT, FinTech, data analytics, and product development. Stephen Ehrlich, one of the co-founders and the Chief Executive Officer of the project, has 25+ years of experience in business creation and management. The other co-founder and President Gaspard de Dreuzy has co-founded a few other successful fintech projects prior to joining Voyager. One of his most successful achievements is the company TradingView, the leading industry solution for analyzing the fintech markets. Two other co-founders are Philip Eytan with past experience in such companies as Pager and Socure, and Oscar Salazar who doesn’t share any information about his prior positions in his LinkedIn profile.
Voyager partners with many other companies in the FinTech industry. Thus Metropolitan Commercial Bank is its primary banking partner holding customers’ funds. The list of its other strategic partners includes Celsius Network, Circle, BitGo, and many others.