Tuesday, June 22, 2021

McAfee’s Decentralized Exchange launches Beta

The Takeaway:

John McAfee has launched a decentralized exchange(DEX) that runs on the Ethereum(ETH) blockchain, and it will be released as a beta version on 7th October. The McAfee DEX platform will have no KYC checks, it will not block any jurisdictions, and the fee for takers will be of 0.25%. Any ERC-20 standard ETH-based token can be added in the beta version without any fee.

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An American Entrepreneur and vocal crypto advocate, John McAfee recently launched his decentralized exchange(DEX), which is running on the Ethereum(ETH) blockchain. McAfee DEX is set to go live as a beta release on 7th October according to the platform’s website and McAfee’s twitter account.

In one of his Tweets from 5th October, McAfee unveiled the new platform and said that since its a new platform, things would take time to get started. He said that if people are patient and play along with the platform, it can act as a backdoor that helps them get away from the government’s control.

He further pointed out that centralized exchanges are the weakness of the crypto community, and its adoption should be minimized. He suggested that decentralized exchanges will bring the revolution as they are everywhere, and governments can’t shut them down. His DEX platform is also based on open-source networking.

Currently, the platform provides support for ETH-based token(ERC-20 standard), and they can be added without any fee to the beta version. Support for more unspecified tokens will be provided in the future.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Glenn Harper
Glenn Harper
Glenn has only two interests: Bitcoin and Aviation. After completing his graduation from San Diego State University in 2006, Glenn started working in the airlines and aviation industry. Aviation was his only passion before he came to know about bitcoin in 2012 after which he decided to dedicate 8 hours of his day for aviation and 8 hours for learning and writing about bitcoin and the technology behind it. Glenn lives with his wife and a 7-year-old son who mines ethereum on his computer and is also quite passionate about cryptocurrencies.

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