When the Voyager Digital company bought Ethos Assets in late 2019 it inherited the Ethos token (ETHOS) as well. ETHOS was rebranded to the Voyager Token (VGX) as a step towards the integration of Ethos’ technology into the Voyager ecosystem. ETHOS Tokens were swapped 1:1 for VGX Tokens, without any changes to the smart contract or total supply, which is limited to 222,295,209 coins.
Rebranding to VGX influenced the whole Voyager ecosystem as the token is used as a tool to increase the platform’s adoption. The Voyager Token (VGX) is a liquid, functional token based on the Ethereum blockchain that provides value and utility across the entire ecosystem. The token is integral to all the platform’s products including interest-bearing accounts, crypto loans, margin accounts, and recurring deposits.
The company has created the Voyager Loyalty Program (VLP) around the VGX token to increase its adoption and acquisition, and build a strong supportive community. Based on the amount of VGX coins held by users, the VLP offers three membership levels: Explorer, Navigator, and Voyager. VLP provides customers with a unique rewards system based on VGX token holdings including different level up and cashback rewards, referral bonus rewards, withdrawal fee savings, and interest boosters.
Level up rewards are paid to users who upgrade their status to the next level. With Voyager’s Cashback Rewards program customers can earn money back every time they trade. Cashback rewards depend on users’ trading volume, debit card transactions, and recurring buys. The Refer-a-Friend program rewards both new investors and users who invite them. They get rewards after newbies download the Voyager application, make their first deposit, and trade 100 USD or more. One customer can refer up to 100 friends to Voyager. All rewards are paid in VGS coins.
Withdrawal fees and Live Trading fees are reduced if they are paid with the Voyager token. As a part of Live Trading, the VGX token enables instant blockchain transactions directly from self-custody wallets.
Customers are recommended to hold VGX in the Voyager app or in its native wallet, the Ethos Universal Wallet, which is also a Voyager product. By holding VGX on the Voyager app users can get 5% interest per annum added to their account each month. Holding it also gives users an additional 0.5-1.5% interest boost on other interest-bearing assets. Users can buy the Voyager token for USD right from their bank account within the Voyager application and trade it commission-free.
As a part of Live Trading, the ability to trade from the self custody Vault, the VGX token enables instant blockchain transactions letting users get split-second trade execution directly from self-custody wallets. Also, VGX holders can utilize tokens to pay fees.
Voyager Digital is a full-service crypto broker that provides retail and institutional investors with a fintech solution for digital assets trading. It is a FinCen registered company, which aims to meet the highest standards of the US and Canadian regulatory authorities bringing its customers reliability, transparency, and security.
Voyager offers its customers data, trading, wallet, and custody services through its mobile application for iOS and Android platforms. At the time of writing, the desktop version is in beta testing available to a limited number of users. Voyager is licensed in 49 US states and all US territories, except for New York.
Voyager is one of the few brokers that offer interest-bearing accounts with no lockups alongside a competitive trading offering. The platform suggests deposits in USD and cryptocurrencies and attracts investors with such features as zero commissions trading, funds insurance, limit orders, interest program, and Recurring Buys.
Voyager allows customers to trade 50+ crypto assets and stable coins using USD without commissions thanks to its Smart Order Router technology. The platform connects to top exchanges and market makers to help customers find the best price for their trades. It takes a fraction of the pricing disparities that are used to save customers money.
The service of limit orders available for all assets allows traders to set the price and size of their orders and wait until Voyager executes them when the limits are reached. The Voyager interest program allows users to trade and earn interest at the same time without lockups or limits. Holding a minimum monthly balance of each interest-bearing asset in their accounts investors can earn 5.5% interest on Bitcoin and up to 9.5% interest on other 20+ major tokens deposits. The Recurring Buys feature enables customers to automatically buy and invest cryptocurrencies by setting a dollar amount and a time frame.
All customers’ USD funds are FDIC (Federal Deposit Insurance Corporation) insured that guarantees a full reimbursement (up to 250,000 USD) in case their deposits are lost. The platform secures personal information using complex protocols which include the transmission of data via HTTPS with SSL/TLS and the storage of data on a secure AWS cloud server. To increase customers’ security the two-step verification (2FA) is enabled in the Voyager app. Advanced technology is used to prevent hackers and fraud, and Voyager is audited to ensure every asset is accounted for.
The team behind Voyager token includes experts with a diverse background spanning finance, strategy, IT management, product development, data analytics, marketing, and investment banking.
Stephen Ehrlich is the Voyager Chief Executive Officer and co-founder with 25+ years of professional experience in creating and operating a business. Serge Kreiker is the co-founder and former CTO. Gaspard de Dreuzy is the Board member and co-founder. Philip Eytan is the chairman and co-founder while the Chief Financial Officer is Evan Psaropoulos. Adam Lavine, an entrepreneur with deep experience in building companies, products, and teams, is the Chief Strategy Officer at Voyager and Chief Operating Officer at Ethos. Gerard Hanshe is the Chief Operating Officer.
Voyager’s strategic partners include Plaid, which verifies bank accounts and allows cash transfers securely, BitGo (a regulated digital asset trust and security company), Circle (a blockchain-based financial services company), and Ethos (a cryptocurrency services provider). The broker has also developed partnerships with NBA legend Tracy McGrady and NFL star Marshall Faulk.