John McAfee, a popular tech entrepreneur and strong cryptocurrency bull, has taken to his official Twitter, to announce the launch of his own decentralized exchange (DEX). Called the McAfee Distributed Dex, the beta version is set to open for access today the 7th of October, and will be powered by the Ethereum blockchain.
According to the Dex’s official website, the platform will not collect any customer data and will be open to everyone everywhere, all over the world. The website also advertises that the McAfeeDex will have no limits and no maker fees with a 0.25% fee for takers. Furthermore, all Ethereum tokens can be added “instantly and free.”
In the tweet posted a few days ago, McAfee adds a video where he talks about the platform as the solution to unwanted government intervention into the crypto sector. Specifically, he describes it as “the door that frees us from Government’s cornerstone of control – Fiat currencies. It can’t be shut down.”
McAfee then mentions centralized exchanges, talking about their disadvantages and how decentralized platforms are a whole lot better. According to him:
“A distributed exchange can’t be shut down by anyone. Decentralized meaning that nobody controls it, distributed meaning that it is everywhere and therefore impossible to stop.”
He also spoke about the fact that not a lot of people are using decentralized exchanges and tries to encourage people to get interested in his McAfee Distributed Dex. John McAfee is still on the run from the U.S., and has been for a few months now.
Image Credits: Pixabay