Steve Ehrlich + Voyager Token (VGX) Wiki

Voyager founder Steve Ehrlich.
Courtesy of cryptoslate.com.

 

Who Is Steve Ehrlich?

Stephen “Steve” Ehrlich is a brokerage & market structure veteran and an executive with nearly 3 decades of experience. Ehrlich has co-founded a number of companies over the years of his activity, including Lightspeed Financial, a retail broker-dealer, and Voyager, a digital asset brokerage platform, which is- along with Ehrlich himself- the subject of this article.

Regarding Ehrlich’s professional experience, his LinkedIn profile reads:

Highly accomplished executive with 25 + years of professional experience. Knowledge of market structure and the varied facets of creating and operating a business. Areas of particular expertise include; creation of organizational structure, managing multiple corporate divisions simultaneously, building strong team leaders, compliance, monetization of all aspects of a business and client services.

 

Steve Ehrlich Background/Bio

Steve Ehrlich graduated from the Franklin & Marshall College with a BA in Accounting in 1987. In the same year, Ehrlich was hired as a manager by BDO Seidman.

In January 1994, Ehrlich took his first executive position, becoming CFO (Chief Financial Officer) at TIR Securities. After that, notable positions in Ehrlich’s career include:

  • CEO at E*TRADE Professional Trading (1999 – 2006).
  • President at Greenwich Blues Youth Hockey (April 2010 – October 2012).
  • Founder/CEO at Lightspeed Financial (July 2006 – April 2013).
  • Advisor at Rock The Post (May 2013 – February 2014).
  • CEO at PennTrade Financial (March 2014 – August 2014).
  • CEO at Tradier, Inc. (June 2016 – October 2017).
  • CEO at Honos Financial, LLC (July 2013 – Present).
  • President at CT Barons Youth Hockey, LLC (January 2013 – Present).
  • President at Hockey in Norwalk (February 2014 – Present).
  • CEO at Voyager (January 2018 – Present).

Throughout his executive career, Ehrlich has been “at the forefront of many financial revolutions”, as he said in an interview with Ethos, a partner of Voyager. Ehrlich is now heavily invested in cryptocurrency via Voyager.

 

Steve Ehrlich Net Worth

As with many entrepreneurs, one of the most common search queries associated with Ehrlich revolves around his “net worth”.

There is no concrete data available online regarding this question, however.

With that said, according to MarketScreener, Steve Ehrlich’s holdings at Voyager Digital Ltd. are valued at 27,849,122 USD. However, that only refers to Ehrlich’s holdings in Voyager’s stock, but not its token (more on this below).

 

Steve Ehrlich Videos/Interviews

 

Voyager Exchange/Broker Platform

Voyager homepage.
Courtesy of investvoyager.com.

 

Steve Ehrlich’s most recent business undertaking is Voyager – a digital asset brokerage platform.

In his interview with Ethos, Ehrlich shared the origin story of Voyager:

My co-founders and I sat down last year for breakfast in Soho to talk about a potential crypto business. After that, the breakfasts continued weekly and our idea grew bigger, and bigger. The five of us have each respectively built successful businesses in the technology and finance sectors, and when we looked at the current offering in the crypto market we knew we could do better.

We believed (and still do) that crypto was here to stay and that the market was only going to grow larger and more mature. We wanted to be a part of the financial revolution and we knew that we could give investors the solutions they deserved.

Upon learning about cryptocurrency and blockchain, Ehrlich felt that it was “the next big thing”:

As soon as I learned about the technology, I knew it was the next big thing. It’s one of the few emerging technologies that I felt had major growth potential. We had seen the “internetization” of information and media. Money seemed like the logical next evolution.That being said, when I looked into the existing infrastructure, I could see it was lacking many of the components that drove equities and online trading to be successful.

Regarding his views as to the future of cryptocurrency, Ehrlich said:

I believe that crypto evolution will happen in 4 areas: buying (converting fiat to crypto), trading (investing), holding (custody), and paying (or transferring). Today, we’re seeing people participating in all four of these pillars but mass adoption hasn’t occurred yet in any single one. Trading is the only crypto use case that has seen any significant adoption.

I believe that with time, people will use crypto assets in their daily life but first, the market needs to grow and mature to support this shift. Some of the strongest use cases for crypto are happening in countries with hyperinflation. People living in Venezuela, for example, have an alternative, independent currency that’s actually worth something.

Crypto will democratize finance and I think that’s a really good thing. It’s about time that money moves as fast as information does these days. Crypto and Blockchain are what make that happen.

Voyager has experienced rapid success within a short time frame. Over the span of about 13 months – between December 31, 2019, and January 20, 2021 – the company had 100x growth in customer assets:

On December 31, 2019 we announced, on our financials, $5 million of customer assets. So, 100x growth in less than 13 months.

Ehrlich added that the company expects to reach $2 billion in assets in near future.

As of February 4, 2021, Voyager’s Assets Under Management (AUM) surpassed $800 million.

 

The broker model of Voyager

Some people appear to mistakenly view Voyager as an exchange. In its FAQs, Voyager states:

Voyager is not an exchange. Voyager is a broker facilitating trading for our client base in the digital asset space utilizing its proprietary routing technology.

That is, Voyager acts as an intermediary between investors and cryptocurrency exchange platforms.

To ensure optimal trading prices for customers, the Voyager platform employs the so-called Smart Order Routing algorithm. Smart Order Routing was inspired by the National Best Bid and Offer (NBBO) regulation. NASDAQ defines NBBO as follows:

National Best Bid and Offer (NBBO)

A term applying to the SEC requirement that brokers must guarantee the best available ask or bid price when they buy or sell for customers.

Due to the absence of similar regulations in the crypto industry, trading platforms aren’t obliged to offer customers the best trading prices. As a result, investors often have to search for the best deals on their own.

Smart Order Routing is designed to automatically monitor prices on a number of crypto exchanges and allow investors to trade on them from the Voyager app.

Aside from offering optimal trading options to investors, Voyager itself is commission-free. Here’s how Voyager’s broker model is summarized on the platform’s website.

Our dynamic Smart Order Router identifies inefficiencies in the crypto market and takes advantage of pricing disparities to get you a better price on your trades.

When we beat our quoted price, we take a fraction of the savings and pass the rest on to you, allowing us to offer commission-free trading. In short, we only make money when you save money.

 

Voyager token loyalty program

Voyager’s native cryptocurrency is the Voyager Token (VGX), previously known as the Ethos Token. Aside from VGX, Voyager supported over 50 other coins as of March 12, 2021.

Some of the coins supported by Voyager.
Some of the coins supported by Voyager. Courtesy of investvoyager.com.

 

Holders of many of the supported coins can earn interest on them via the Voyager platform.

In December 2020, Voyager announced that it had closed the merger of its European operations into LGO – a digital asset exchange regulated by the AMF, France’s stock market regulatory authority.

Steve Ehrlich commented on the merger as follows:

This merger gives Voyager the ability to service the 750 million European population with the most consumer-friendly agency brokerage platform for investing in crypto assets.

At the time, PR Newswire wrote that after the merger, Voyager could proceed to the finalization of the next version of VGX and the rules of exchange of the old VGX and the LGO token to the new Voyager token.

In February 2021, Voyager unveiled the Voyager Loyalty Program along with the swap rates from the old VGX and LGO Token to the new VGX.

Conversion rules from old VGX and LGO to new VGX.
Courtesy of investvoyager.com.

 

Additionally, Voyager revealed its benefits system for the holders of VGX, thus encouraging investors to purchase the token.

Voyager loyalty program benefits.
Courtesy of investvoyager.com.

 

Voyager Token (VGX) Price

Here is the current price of Voyager Token (VGX):

 

Voyager Token price predictions

VGX has seen significant growth so far.

As of March 12, 2021, VGX had 30-day growth of 128.8% and 1-year growth of 10,751.1%.

As of June 13th, 2021, VGX had fallen back to the 2-3$ range, retracing downwards about 50% since March.

VGX growth stats as of March 12, 2021.
VGX growth trends as of March 12, 2021. Courtesy of CoinGecko.

 

Voyager 1-year growth history as of March 12, 2021.
1-year VGX chart as of March 12, 2021. Courtesy of CoinGecko.

 

According to DigitalCoinPrice and WalletInvestor, the long-term outlook of VGX is positive.

VGX growth prediction from 2021 to 2028.
VGX forecast from 2021 to 2028 as of March 12, 2021. Courtesy of DigitalCoinPrice.

 

VGX growth prediction for 2021 and 2022.
VGX forecast for 2021 and 2022 as of March 12, 2021. Courtesy of WalletInvestor.

 

Voyager Stock Vs Token

Voyager is rare among its competitors in that it has both a token and a stock.

To follow the stock (VYGVF) on Google Finance, click here.

To follow the token (VGX) on CoinGecko, click here.

 

The Bull Case On Voyager Token (VGX)

Here is a video from Digital Asset News made in January 2021 outlining the bull case for Voyager Token:

 

The Bear Case For Voyager Token (VGX)

Here is a video from Full Value Dan made in February 2021 expressing a negative opinion on Voyager Token:

 

Voyager Token Promotion

Currently, Voyager is giving 25$ in Bitcoin to anyone who opens an account through a referral link, along with 25$ to the referrer (to qualify you must buy at least $100 of crypto on through the Voyager platform).

For the purpose of this article, we at OBpedia.com have set up an account at Voyager, and you can sign up through our link here to earn your free 25$ in Bitcoin and help support our efforts in building a trusted Wiki-style resource on the subject of online business.

 

How to buy Voyager Token (VGX)

To buy VGX, follow this guide from investvoyager.com:

  1. Download the Voyager app from the App Store (for Apple devices) or Google Play Store (Android devices).
  2. Create a Voyager Trading Account. You will be required to provide personal information out of security concerns.
  3. Link your bank account to your Trading Account.
  4. Deposit USD to your Voyager account from your bank account.
  5. Navigate to the Market Screen and scroll until you reach VGX. Tap on the token name to access its page and then tap “Buy VGX”. Type the amount of USD you would like to spend on VGX. Slide the “Slide to buy VGX” banner to complete your purchase.

As of March 12, 2021, the Voyager app was available to all US residents, except for those in the state of New York.

 

Conclusion

To sign up for Voyager or to learn more about it, click here.

Steve Ehrlich is also active on Twitter and has a profile on LinkedIn.

 

 

 

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