VGX Token
VGX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
VGX (Voyager Token) is an effectively defunct and deprecated ERC-20 token stemming from the collapse of centralized crypto lender Voyager Digital, which filed for Chapter 11 bankruptcy in July 2022. The Active Development section scored -1.0 due to a lack of recent development signals, confirming the project is abandoned. Across other sections, VGX scores poorly: Community Support (0.5/10) shows zero verifiable engagement, Tokenomics (2.0/10) suffers from conflicting supply metrics and centralized control without on-chain governance, Market and Use Case (0.5/10) exhibits near-zero trading liquidity ($6 to $44 daily volume) and a 99.99%+ drawdown, Team and Governance (3.0/10) reflects centralized management by the rebooted VGX Foundation without creditor restitution, and Security and Audit History (1.5/10) highlights issuer insolvency and SEC regulatory actions asserting VGX as a security. The project is deprecated and abandoned, warranting a strict Avoid rating.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About VGX Token (VGX)
VGX Token (VGX) is a deprecated and abandoned ERC-20 token on the Ethereum blockchain that originally served as the native loyalty and utility asset for the centralized cryptocurrency platform Voyager Digital. The asset originated in 2017 as the Ethos Token before being acquired and rebranded by Voyager in 2019. Following the operational collapse of Voyager Digital, residual oversight shifted to the VGX Foundation, which attempted an unproven pivot to reposition the token for Web3 gaming rewards and utility.
The tokenomics of VGX feature centrally executed smart contract migrations, conflicting supply metrics across data aggregators, and the absence of a fixed maximum supply cap, formal token burns, or published distribution schedules. Active development has ceased, with no active roadmap, ongoing product development, or live ecosystem activity. Governance is maintained centrally by the VGX Foundation, utilizing off-chain Snapshot polls rather than binding on-chain execution.
VGX has been heavily impacted by severe financial, operational, and regulatory events. In July 2022, Voyager Digital filed for Chapter 11 bankruptcy protection, rendering the asset orphaned without creditor restitution. In March 2023, the U.S. Securities and Exchange Commission (SEC) formally asserted during bankruptcy proceedings that VGX is an unregistered security. The token has experienced a price crash exceeding 99.99% from its all-time high, operates with near-zero liquidity and trading volume, and carries legacy controversies stemming from associations with defunct projects such as SafeMoon.