By Renowned British-American computer programmer and businessman John McAfee has launched a decentralized exchange, McAfee DEX, which runs on Ethereum blockchain. The new exchange DEX is set to run in a beta release on October 7 and is reportedly to be open source.
The cybersecurity expert and vocal crypto advocate unveiled the new platform in a tweet saying, “A preview of what’s coming Monday: Requires no name, no documents, no email, no bank info. Transaction details are private. Nothing monitored. Nothing recorded. No restrictions. No listing fees. 0.25% transaction fees. Completely decentralized”
He added that “it takes time for enough users to join to make it real, but if you play, and be patient,” the exchange can serve as “the door that frees us from government’s cornerstone of control: Fiat currencies. It can’t be shut down.” The McAfeedex website showed a small preview of what’s to come, like free swaps for ETH-based tokens and a 0.25% taker fee. The site says it will have no blocked jurisdictions, so certain countries will not be banned from participating.
McAfee pointed out that his new platform will enable crypto traders to trade freely without the government’s interference and will able to control their finances.
This comes after the crypto enthusiast rolled out McAfee Magic in June. McAfee Magic allows both manual and automated trading across different cryptocurrency exchanges “all at the one time and from the comfort of a single user interface.”
The crypto community continues to witness the launch of decentralized exchanges. Major centralized exchange Binance launched its DEX on its native main net in April. Other significant exchanges eyeing their DEX include OKEx and Bithumb.
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