So first let me explain, when I said “minimal” … it’s my slang way of talking. I was not clear enough. I meant to say something like, “with so many factors influencing the price or VGX , my opinion should be taken like a grain of salt, or minimally (just another opinion)”.
In no way do I think VGX is a rug pull, it is not. They have too much invested in the actual company to ever rug pull without lawyers and Cops getting involved.
So dissecting the Token, we could call it a Network utility style token or simply a Exchange Utility Token. Similar to FOX, BNB, KCS, ONE, UNI, SWP, SOLx, CAKE ect ect, A token hosted on a network that represents a exchange. I believe the reason VGX flatlined in the past is directly related to BTC halving cycle (4 years). [ That is it’s own micro topic. Will BTC repeat the performance of the last 2 halving Or has BTC grown enough to drive its own cycles outside of the Halving’s?] . So VGX token’s price is directly related to the amount of trading and company gains on Voyager platform. In-between BTC halving trading slows down and trade volumes fall, very possibly resulting in a decline of VGX price/rewards. [ Will late 2022-early2024 repeat this ??? Meaning, will trade volume on Voyager fall to the point the VGX token declines in price causing sideways movements].
^^So take all of that as opinion. I’m often a negative nelly so my outlook learns towards a defensive stance. Prepare for the worst, be humble when it works out.
I would be remise to try to explain staking options. There is so many options and paths, I’m sure there is always a better one. I actually have a pal I run all my questions/options by. I kind of view staking as a specialized crypto field. Are you a ThorChad? https://thorchain.org/getting-started , I find the ThorChain info to be a good approach to understand the complexities of staking and how the gains are made. THOR is just one of many paths, but it is a step into seeing/understanding the big picture. [side note: right now is a great time to get into RUNE/THOR, next month is projected to be big, DYOR on that ]
Cheers Friend. Happy Adventures