Restricted legal responsibility firm Voyager Digital (CSE: VYGR; OTCQX: VYGVF; FRA: UCD2), the quickest rising cryptocurrency buying and selling platform within the US, has simply accomplished the biggest VGX and LGO token alternate and consolidation in historical past. On the time of alternate, VGX coin had a market capitalization of greater than 900 million USD.
This alternate mixed the native Voyager token – VGX, and the LGO token from the European digital asset alternate LGO, which was acquired by Voyager in December 2020. To finish the token alternate, the VGX and LGO tokens are exchanged right into a single token named VGX.
The token swap requires new good contracts on the Ethereum blockchain and in addition wants some new options like rewarding customers via on-chain staking. These good contracts and alternate portals have been created by Republic Crypto, a bunch of crypto advisors based mostly in New York.
The brand new VGX token has extra purposes than the outdated model, and when saved on the Voyager app, customers can obtain an rate of interest of seven%/yr. This token will likely be an necessary a part of the upcoming Voyager Loyalty program.
Stephen Ehrlich, CEO and Co-Founding father of Voyager mentioned: “This token alternate has introduced the 2 loyal person communities of VGX and LGO all over the world nearer collectively.
These new VGX holders will profit from the Voyager Loyalty program, together with staking rewards, new person referral rewards, transaction cashback, and extra. because the developer continues to broaden the Voyager . app“.
Andrew Durgee – Head of Crypto and Tokenization at Republic. VGX/LGO token alternate is just not the primary time, however it’s the largest and most advanced.”
When the token alternate portal opened on August 1, about 100 million VGX and LGO tokens have been exchanged in simply 48 hours. On the Voyager app, the official token alternate begins on August 16 and ends on August 20. Token holders in different international locations will likely be free to alternate tokens till the tip of August 31, and Internet staking will proceed.
Voyager Digital Firm is a public cryptocurrency platform based in 2018. Voyager permits customers to take a position and alternate greater than 60 several types of digital belongings, with no transaction charges, via a single telephone software. easy. Customers also can obtain curiosity as much as 12% per yr on greater than 30 completely different cryptocurrencies. By means of its subsidiary ApS, Voyager allows prospects to easily transact in cryptocurrencies anyplace on the planet.
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Republic is an funding platform that has acquired over $600 million in investments in over 500 corporations, from a million customers in 100 international locations, as of August 2021. Republic is backed by conventional companions and enterprise capital corporations together with Galaxy Digital, Binance, Founders Fund and NEA. Based in 2016, Republic is headquartered in New York Metropolis and has greater than 150 workers. Republic has a revenue sharing token known as Republic Word.
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