11.3 C
Toronto
Thursday, May 2, 2024

What is Voyager (VGX)? Here is a quick introduction

Must read

voyager (VGX)

Voyager (VGX): What is it?

Voyager (VGX) is a mobile application that facilitates the buying, selling, swapping, and investing in cryptocurrencies. With the Voyager application, users can access this software on both iOS and Android operating systems. This makes this an interesting project. The Voyager platform provides its users with access to a wide variety of cryptocurrency exchange markets and exchanges so that they can make the most of their trades.

Over 60 cryptocurrencies and tokens are available for traders to trade, swap, and invest in with one application that allows them to manage their portfolios efficiently and provides them with financial freedom. Those users whose monthly balance is at least the minimum without locking up funds will also earn solid interest from Voyager. In addition to Bitcoin, Ethereum, Polkadot, Dash, and many others, users can earn compound interest on over 30 cryptocurrencies.

It is uncommon for brokers to charge fees for services and products, but Voyager does not. Furthermore, Voyager is the only brokerage app that offers the ability to earn compound interest.

Founders:

Founded by people with previous experience with online brokerage companies, Crypto Trading Technologies is the mother company of Voyager Token. Gaspard de Dreuzy, Oscar Salazar, Philip Eytan and Stephen Ehrlich cofounded the project.

 Stephen Ehrlich, the CEO of the foundation, has extensive experience in equity and options trading platforms and is a veteran of the brokerage and financial markets. His previous experience includes serving as CEO of E*TRADE Professional Trading LLC and founding Lightspeed Financial.

Mr. Philip Eytan is the president of the Voyager Foundation. Before founding the organization, he worked at Morgan Stanley and Cerberus Capital as an M&A analyst. His work at Pager, an online health platform, helped launch the organization. In addition to Uber, Source, and Livestream, he is one of the founders of those companies.

The Voyager Foundation’s board of directors includes Gaspard de Dreuzy. His career began as an advisor to Warner Music after years of experience in the brokerage and financial markets. Additionally, he co-founded Kapitall, Trade.it, and Pager.

Founder and developer of mobile applications that are customer-driven, Oscar Salazar is a successful investor and developer. UBER was founded by him, and he served as the company’s founding architect. The digital health startup he founded is also co-founded by him.

How does it work:

Voyager Smart Order Routing allows users to quickly connect with some of the top crypto exchanges so they can compare prices across many different platforms all in one place.

It can only be downloaded for mobile phones, and it supports both iOS and Android. Traders can instantly trade funds that have yet to be cleared with $5,000 limits, increasing wealth opportunities and investment entry for a broader demographic by lowering minimum deposit requirements. We use Voyager Smart Order Routing because our main objective is to make trading crypto easy, simple, straightforward, cost-effective, and widely accessible. 

Voyager Smart Order Routing connects traders to a cryptocurrency exchange whenever they place an order to buy or sell cryptocurrency. Among these exchanges are some of the most popular platforms for trading cryptocurrencies. To ensure that users are getting the most out of their trading sessions, the system searches for the best price for each trade before it is executed. 

When the trade is executed, the quoted price is paid. Commission-free trading is the goal.

What it makes Unique?

The platform Voyager provides for cryptocurrency trading mimics the experience clients have with traditional online brokerages. The Voyager app was launched in 2019 to make crypto brokerage simple and efficient for smartphone users.

Taking advantage of discrepancies between cryptocurrency exchange prices, VGX Token utilizes Smart Order Routing technology. Through this technology, it connects investors instantly with more than a dozen crypto exchanges so that they may choose the most favorable exchange rate for their transactions.

Investors are also able to compare the spreads between bid and ask prices across a broad range of cryptocurrency exchanges using this feature. This makes entering and exiting transactions far easier for traders.

 However, the platform remains very user-friendly, even though it offers professional trading services. Voyager’s Smart Order Routing assists in the order submission process. In voyager’s Smart Order Routing takes care of filling out your order automatically after you select a coin or token, the order type, and an amount to purchase in USD.

What Gives It Value?

A Voyager Token is valued by its technology, use cases, use cases, and adoption, but the market price seldom corresponds with its intrinsic value.

Multiple factors enter into the value of VGX, including upgrades, updates, roadmap developments, the dev team’s activity, mergers, partnerships such as the recently announced merger of VGX and LGO tokens. Other factors affect the value of the VGX token, such as news or events that affect the market, as well as the volatility of the crypto market.

How Is it Secured?

On the Ethereum network, Voyager tokens are ERC-20 tokens. Due to the ERC-20 nature of VGX, crypto-assets cannot be mined like traditional proof-of-work assets.

To ensure an extremely high level of security, the Ethereum network relies on well-tested cryptographic standards and methods. Further, it incorporates elliptic key cryptography as well as public-key cryptography.

The Financial Industry Regulatory Authority, Inc. (FINRA) has approved Voyager as a licensed and publicly traded crypto-asset broker. Additionally, Voyager is publicly audited to account for each asset for reasons of security and regulation.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

bitcoin
Bitcoin (BTC) $ 57,876.51
ethereum
Ethereum (ETH) $ 2,937.95
tether
Tether (USDT) $ 0.999610
xrp
XRP (XRP) $ 0.512084
usd-coin
USDC (USDC) $ 1.00
error: Content is protected !!