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)