Voyager Token
Crypto Overview
Background
Voyager Token (VGX) was the native cryptocurrency of Voyager Digital, a crypto brokerage platform that filed for bankruptcy in July 2022. The token was designed to provide utility within the Voyager ecosystem, offering rewards and trading benefits to users.
Intended Utility
VGX was created to serve as a loyalty and rewards token for the Voyager platform. Token holders could receive enhanced trading benefits, cashback rewards, and better interest rates on cryptocurrency holdings within the platform.
Current Status
Following Voyager Digital's bankruptcy in 2022, the VGX token has effectively lost its primary utility. The platform ceased operations, and users' assets were frozen. While the token still exists technically, it no longer serves its intended purpose as the platform it was designed for no longer operates.
Token Distribution and Governance
The token distribution became largely irrelevant after the platform's collapse. The bankruptcy proceedings have significantly impacted the token's utility and value proposition.
Crypto Impact
To assign a comfort level investing in Voyager Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Voyager Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.