Vagabond acts as a ‘Blockchain as a Service platform’ (BaaS) that allows firms to execute the blockchain’s benefits into the activities of the platform. The whitepaper states that the service of the platform assists in building a stable and secure blockchain environment, saving maintenance costs, and improving business development.

According to the whitepaper, a considerable market potential tackles the significant challenges the firms have to face in the deployment of blockchain solutions. The challenges are mainly the time and cost of executing and adopting blockchain. Therefore, Vagabond was created to seek to reduce the costs and development time by encouraging companies to apply blockchain to the current environment just like any other cloud-based service. The Vagabond platform aims to assist firms and individuals to implement, relocate, and maintain their existing and new projects with a few clicks only. Moreover, the platform uses blockchain networks such as XRP Ledger and Binance Smart Chain to seek to offer flexibility and quick access to the companies with enhanced interoperability. XRP Ledger is open-source and decentralized blockchain technology that aims to fix transactions in three to five seconds. Besides this, the platform is an operating system (OS) that seeks to offer decentralized apps (DApps) to companies.

The modular design of Vagabond seeks to make it convenient for users to define, create, and examine the right product. Also, the platform aims to provide modules in the fields of education, information, contribution, and innovation to seek to easily and quickly build a product and service comprising every benefit of blockchain. Further, the Event module of the platform seeks to enable users to create personalized event pages and carry out email campaigns involving the blockchain’s benefits. Moreover, the users can manage their projects and incorporate them into the workflows of the company.

The Vagabond network has two tokens. The ticker for the Vagabond tokens is VGO (BSC) and VGB (XRPL). The tokens are an integral part of the platform that seeks to support secure and rapid transactions.

The project of Vagabond began in 2020. The public ICO took place on December 15, 2021, in which 15 million tokens were distributed. ICO (initial coin offering) is a method through which a company seeks to raise money for a new app, coin, or service. However, VGB did not have an ICO but involved an airdrop to the community. Airdrop is a marketing strategy that aims to send tokens or coins to wallet addresses to promote awareness of a new cryptocurrency.

Navid Kiani Larijani and Dr. Thomas Riegler are the managing partners of the Vagabond platform.

The maximum total supply of VGO tokens is a hundred million.