TRADITIONAL NETWORK EFFECT - Overall utility = Application utility. When the number of network users increases, the utility to the user increases.
TOKEN NETWORK EFFECT- Overall utility = Application utility + Financial utility. This creates a virtuous cycle of token appreciation (happy users) that draws in even more users. The KEY thing with voyager token is that is has legitimate UTILITY to hold.
Coinbase does not have a utility token or stock (yet). Coinbase represents the traditional network effect.
As Voyager grows, EVERYONE involved becomes happier. Utility tokens provide an alternative way to finance and accelerate the development of the platform.
OTHER STUFF:
- Token Swap: VGX token will merge with LGO. "Both VGX and LGO holders will be able to swap their tokens for the new Voyager token via a smart contract. Tokens can be swapped for 1 year after the deployment of the smart contract and all remaining tokens that are not claimed by the end of the 1 year will be burned." <<< BULLISH
- Desktop Version of Voyager isn't even out yet.
- Voyager Digital plans to expand into Europe.
- Sometime in the future, you will also be able to trade STOCKS on the platform.
- There are only 250,000,000 VGX tokens.
- VGX 2020 Q4 earnings increased by 75%. Voyager also now has 1.1 Billion assets under management.
In a couple years, Voyager Digital will be worth as much as Coinbase is today. Voyager has a plan to get 20 Billion assets under management by 2025 (which is literally the AUM that Coinbase has, right now)
According to this chart in the future I will have millions upon millions of dollars, of which seems impossible but I will choose to believe it.
shitcoin_rich
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@mikeownow you will. Bqx made me insane gains last bull run and is again now. Big thing is they are not your profits till you take them. I suspect that we are in a 4 year cycle. I anticipate a btc top and bear market start in dec 2021 and alts to rally hard for 2weeks after and then market crash. I plan to take profit then. DYOR.
Dave-FX-Hunter
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Excellent point
mikeownow
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"OTHER STUFF:
- Token Swap: VGX token will merge with LGO . "Both VGX and LGO holders will be able to swap their tokens for the new Voyager token via a smart contract. Tokens can be swapped for 1 year after the deployment of the smart contract and all remaining tokens that are not claimed by the end of the 1 year will be burned." <<< BULLISH"
What is all this swap about this is the first I have heard about it.
mikeownow
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@mikeownow, now I am confused do I want to swap do I not want to swap, seems like we want to swap.
rezland20
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@mikeownow, basically, if you hold LGO you can swap it for Voyager Token. If you don't swap then those tokens are burned. At least that's my understanding
mikeownow
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@rezland20, the swap is 1/1 for voyager both LGO and Voyager are both being swapped