VGX token has had the highest return of any crypto currency YTD, including Bitcoin as you can see here: https://www.blockchaincenter.net/altcoin-season-index/ (scroll down about halfway). It's increased over 3900%.
So what is VGX token?
VGX is the native, utility token for the Voyager app. Voyager is a crypto broker. Because they are a broker they connect to multiple exchanges. They're like the Hotels.com for crypto coins. They charge no fees and no commission. Like other brokers, they make their money on the spread. They are also publicly traded so regularly release reports on profits, growth, AUM etc (more on that later).
They also offer interest on the crypto you hold with them. 5.5% on BTC. 8.5% on USDC. 7% on the VGX token. You don't need to stake or lock up the tokens to earn this interest, either.
And, because they're a broker, if an exchange goes down they just route you through to another exchange, giving you constant access to the market.
So how does VGX fit into all this?
As I mentioned, VGX is the native token to Voyager. So what does it do? Well, Voyager recently announced their upcoming loyalty program which requires users to hold certain amounts of the VGX token to qualify for bonuses and rewards. The current levels are 500 VGX, 5,000 VGX and 20,000 VGX and these levels will be reviewed quarterly.
Here are some of the benefits holding VGX give users of the Voyager app:
- An interest rate booster on the crypto you hold, up to an extra 1.25%.
- Cashback every time you buy or sell on the app.
- No fees on the Voyager debit card.
- Cashback every time you use the Voyager debit card.
- High referral rewards.
- Lower withdrawal fees.
- Access to the new desktop app.
- Cashback whenever you use their new Send-To-A-Friend feature (think Venmo for crypto).
- Loads more...
As you can see, holding the VGX token is a no-brainer for users of the app. The interest boosts alone are huge, even without all the other rewards. The utility of this token is through the roof.
So if it's already increased nearly 4000%, why would I buy it now?
Good question. As we know, alt-coins react to news events surrounding them. It just so happens that Voyager and VGX have a LOT of key events coming over the next few months that will directly impact the price of the token.
Here are some of the upcoming events that will boost VGX's value:
- Voyager currently only operates in 49 US States. They are soon to roll out to both Europe and Canada, opening up their potential market by nearly 800m people.
- They are soon to launch Crypto to Stock trading. This is a game-changer. Users will be able to buy traditional stock like Apple and Tesla directly with BTC or other crypto.
- Currently, due to the token they inherited in the past, Voyager token is listed as BQX on Binance. This has prevented many people outside of the app from even knowing how to purchase the token. This is due to be updated to VGX in the next month or so meaning the token will be listed as VGX across all exchanges.
- They are launching margin trading on the app soon.
- The new loyalty program has been announced but not yet implemented. When users realise they can earn 7% on VGX they hold, 8.5% on USDC, 5.5% on BTC, 4% on ETH etc without staking or locking up their tokens, there will be a huge surge to the app.
- They have scaled at an incredible rate. Over the Robinhood fiasco weekend, then signed up 1,000 new customers a minute. They scaled their framework over the last month or so and will soon be able to support 100m concurrent users.
- They have raised an incredible amount of capital recently and because they are publicly traded, they release monthly reports on their growth, profit, AUM etc. Every time this happens the stock and token go up.
- They will soon release their new Venmo system allowing users to send crypto to other users, off the blockchain with zero fees, instantly.
- They will soon release their Voyager Vault, an enhanced version of the Ethos wallet they inherited - a self-custody wallet for all users.
- They will allow all holders of VGX, regardless of whether or not you can access the app or not, the ability to earn the 7% interest via a Metamask based web-portal that launches soon.
- The company is run by an incredibly experienced team. Former CEO of E-Trade and Lightspeed Financial Stephen Ehrlich as well as former CTO of Uber Oscar Salazar to name but two.
- They have designed an app that is focused on retail investors. It's simple to use. It's easy to use. It's intuitive. Because they are publicly traded they have to abide by all regulations, making them a safe choice for new customers to the crypto space, and as you know, there are a LOT of them this bull run.
So what are the price predictions for VGX at the end of the year?
VGX currently costs $6.63 at time of writing. That's mainly down to BTC's dip (a great time to buy). There are a number of predictions for VGX come the end of the year from reputable sources across the market that all range from $35-$75. I personally see it hitting at least $50 by EOY.
HOWEVER the EOY price isn't the only reason this is the best token to hold. Remember, you will earn 7% compound interest on all the VGX you have and there is no minimum amount to qualify. You could hold 1 VGX and qualify for the interest. Let's say VGX hits $25 and you hold 5,000 tokens. That's an extra $1440 a month just for holding on to your VGX for the first year. That's passive income.
In my opinion, holding this token is a no-brainer. There is a limited supply, the company is experiencing incredible growth and the utility of the token is through the roof.
Obviously DYOR, this is not financial advice, it's just my opinion!
TLDR: This token has grown 3900% already making it the biggest gainer YTD of any crypto currency, including BTC. It should hit anywhere between $35-$75 by the end of the year and you will earn 7% compound interest a month just by holding the token. No staking. No lockups. No brainer.
