John McAfee, a British-American entrepreneur and a computer programmer, has launched an Ethereum-based decentralized cryptocurrency exchange. The latest development in the project was announced by McAfee in his official Twitter account, as well as on the platform’s website. According to the October 5 feed, the decentralized exchange (DEX) is about to enter the beta phase.
The McAfee Distributed Dex beta version is coming 10/7. Play with it. It takes time for enough users to join to make it real, but if you play, and be patient, you will see it's the door that frees us from Government's cornerstone of control: Fiat currencies. It can't be shut down pic.twitter.com/W3XCExspQT— John McAfee (@officialmcafee) October 5, 2019
McAfee, who is also known as one of the most notable crypto advocates, explained in his tweet that he needs to be patient as it takes time for a new platform to attract users. However, once it happens, McAfee stressed that the exchange could unlock the door that keeps everyone under the shadow of fiat currencies, the government’s foundation of control.
The official post comes with a video, wherein McAfee is addressing the crypto community, asking them if the aspirations are all about money or about an ideal, which means freedom.
After criticizing the government’s massive hold on fiat currencies and outlining how it negatively affects individual freedom, McAfee went on to discuss what hurts the crypto industry the most –centralized exchanges. He particularly mentioned China’s decision to shut domestic exchanges, which happened on Sept. 2017, noting that no one can shut down a distributed exchange. The crypto advocate emphasized that the term “decentralized” means that nobody has control over it; thus it is impossible to be stopped. He also referred to privacy coins being traded on decentralized distributed exchanges as a valuable source of money for crypto enthusiasts, though most are not using them.
McAfee also took advantage of the opportunity to preach to the potential users of his decentralized crypto exchange, reminding them not to expect miracles since the platform is still in its infancy. He urged them to play with it and bear with it until everything becomes real.
McAfee DEX beta
The post on the official website of McAfee DEX reveals that the platform would not have KYC (Know-your-customer) checks. Furthermore, it would not block any jurisdictions. The makers would not be charged; however, the takers have to shoulder 0.25% as a single platform fee.
no fees for trading? no KYC verification? if yes, I’m gonna join 🙋♂️— Saidi (@saidipth) October 5, 2019
During the beta phase, the open-source platform would onboard ETH-based token, free of charge. The post also confirms that more tokens would be added in the future.
Erc20 and Ether based for the beta. More coming soon.— John McAfee (@officialmcafee) October 5, 2019