VGX

Overview of VGX

Voyager Token (VGX) is the native utility token of the Voyager crypto exchange platform. It is an Ethereum-based token used to reward and incentivize users for participating in the Voyager ecosystem, introduced in 2017 by founders Stephen Ehrlich, Gaspard de Dreuzy, and Oscar Salazar. VGX tokens can be traded on several major cryptocurrency exchanges including Binance, HitBTC, and Uniswap. As for storage, VGX complies with various used wallets including but not limited to Metamask, Ledger, and Trust Wallet.

Pros and Cons

What Makes VGX Unique？

VGX embodies some unique features that set it apart from many other cryptocurrencies. Predominantly, its use as a utility token in the Voyager ecosystem is an innovative implementation. In this framework, VGX is not just a tradable asset; it also provides several advantages to users within the ecosystem. This in-platform utility includes aspects like interest boost and reduction in withdrawal fees, which are aimed at elevating the customer experience within the Voyager platform. VGX's utility-based integration within a specific ecosystem subsequently leads to its value being directly linked to the platform's performance and user-base.

How Does VGX Work？

VGX is the native utility token of the Voyager cryptocurrency trading platform. VGX tokens provide users with benefits and rewards when using the Voyager app. Holding VGX allows users to get cashback rewards on trades, earn interest boosts on deposits, and receive discounts on trading fees. The more VGX a user holds in their account, the higher tier status they achieve, which unlocks greater rewards. VGX also gives holders the ability to earn passive income when staking the token.

Exchanges to Buy VGX

Several prominent cryptocurrency exchanges support Voyager Token (VGX) trading. The unique trading pairs depend on each platform's offerings.

Binance: Binance is a leading global cryptocurrency exchange. Binance supports VGX/USDT, VGX/BTC pairs for trading. See this link for details on how to buy VGX: https://www.binance.com/en/how-to-buy/voyager-token.

• Create a free account on the Binance website or the app.

Binance is a centralized exchange where you can buy several cryptocurrencies including Voyager Token. Before you can use the Binance platform, you'll need to open an account and verify your identification.

• Choose how you want to buy the Voyager Token asset.

Click on the “Buy Crypto” link on the top of the Binance website navigation to know about the available options to buy Voyager Token in your country. For better coin compatibility, you can consider buying a stablecoin like USDT first, and then use that coin to buy Voyager Token.

• Check the payment details and fees.

You have 1 minute to confirm your order at the current price. After 1 minute, your order will be recalculated based on the current market price. You can click Refresh to see the new order amount.

• Store or use your Voyager Token in Binance.

Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income.

KuCoin: KuCoin supports VGX under the BQX ticker (due to its earlier name, Ethos). The platform supports BQX/USDT and BQX/BTC trading pairs. See this link for details on how to buy VGX: https://www.kucoin.com/how-to-buy/voyager-token.

• Create an account on KuCoin:

Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

• Verify your identity:

A secure and reputed exchange will often ask you to complete KYC verification. Information required for KYC will vary based on your nationality and region. Users who pass KYC verification will have access to more features and services on the platform.

• Add a payment method:

Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method. The information you need to provide varies depending on your bank's security requirements.

• Buy VGX:

You are now ready to buy VGX. You can easily buy VGX using fiat currency if doing so is supported. You could also do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency such as USDT, and then exchanging it for your desired VGX.

Uniswap: On Uniswap, an Ethereum-based decentralized exchange, users can easily swap between VGX and ETH directly. The site allows trading between any two ERC-20 tokens.

Bittrex: Bittrex is one of the larger global blockchain platforms. They provide VGX/USDT, VGX/BTC, and VGX/ETH trade pairs.

HitBTC: Another well-known cryptocurrency trading platform, HitBTC offers VGX/BTC and VGX/ETH trading pairs.

How to Store VGX？

Voyager Token (VGX) can be stored in a variety of digital wallets that support ERC-20 tokens, as VGX is based on the Ethereum blockchain.

Software Wallets: These are programs that can be installed on devices such as desktop computers, laptops, or smartphones. They are convenient for regular transactions and easy to set up. Two examples include:

- Metamask: This is a software wallet that can be installed as a browser extension. It's a versatile wallet that supports a wide range of ERC-20 tokens, including VGX.

- Trust Wallet: This is a mobile wallet app providing a secure and easy-to-use storage solution for a multitude of cryptocurrencies, amongst which is VGX.

Hardware Wallets: These are physical devices that securely store the user's private keys offline. They are considered a secure method of storage, especially for large amounts of VGX or long-term investment, as they are resistant to many online threats. An example is:

- Ledger: This hardware wallet manufacturer has several devices that support VGX, including the Ledger Nano S and Ledger Nano X.

Web Wallets: These are web-based platforms that store your VGX tokens online. They're accessible from any location and do not require the installation of any software. However, they are not as secure as software or hardware wallets due to vulnerabilities associated with web-based applications.

Decentralized Wallets: These offer the same functionalities as other wallets but allow users to interact directly with decentralized applications (DApps). VGX, being an ERC-20 token, is compatible with these types of wallets.

Is It Safe？

Investing in VGX involves significant risks.

Voyager's bankruptcy: The platform filed for bankruptcy in July 2023, and its future remains uncertain. This significantly impacts the token's value and stability.

Limited use cases: Currently, VGX has limited use cases outside the Voyager platform, further increasing its vulnerability to market fluctuations.

Volatile cryptocurrency market: The cryptocurrency market is inherently volatile, leading to significant price swings and potential losses.

How to Earn VGX？

Unfortunately, due to Voyager's bankruptcy in July 2023, the traditional methods of earning VGX are no longer available. These methods included:

Staking VGX on the Voyager platform: This option is no longer available as the platform is not operational.

Receiving cashback and rewards for trading on Voyager: This benefit is no longer applicable due to the platform's inactivity.

FAQs

Q: What is VGX？

A: VGX is the native utility token of the Voyager crypto exchange platform. It is used to reward and incentivize users for participating in the Voyager ecosystem.

Q: Where can I buy VGX？

A: VGX can be bought and traded on several major cryptocurrency exchanges, including Binance, HitBTC, and Uniswap.

Q: How can I store VGX？

A: VGX can be stored in any wallet that supports ERC-20 tokens, such as Metamask, Ledger, and Trust Wallet.

Q: Can I still earn VGX through the Voyager platform？

A: Due to Voyager's bankruptcy in July 2023, be careful!