John McAfee has announced the beta launch of McAfee DEX, which is slated to be a “no restrictions” crypto exchange. He must have felt tired of all of the rules and regulations that govern the crypto industry.
So he went and ahead and launched what he calls “a completely decentralized” cryptocurrency exchange that runs on the Ethereum blockchain. The exchange will be such that “nothing is monitored.”
It will require “no name, no documents, no email” and “no bank info.” The beta version is now up and running. It supports all kinds of ERC-20 tokens, as revealed by tweets sent out by McAfee.
The cybersecurity leader and presidential candidate said that as of now, any Ethereum-based token might be listed by any person for free. He also stated that the exchange would not monitor, record, or restrict anything.
The exchange is in perfect alignment with McAfee’s ideals, who has always advocated for decentralized exchanges. He posted a video on Twitter last Sunday explaining how the US and other developed nations regulate the actions and behavior of the general population through centralized and commercial financial institutions. Regulators can shut these institutions down at any time, leaving customers unprepared to deal with the consequences.
John McAfee is for decentralized platforms as they can’t just be closed by anyone. They exist in several places, and it is not possible to control them for a single party. As a result, they cannot be sanctioned or closed down on a regulator’s fancy.
The new platform, McAfee DEX, has been designed in such a way that traders can enjoy full freedom from government interference as they trade and finally reclaim control over their finances.
Sure, McAfee’s new exchange will give grief to some parties, but McAfee has never been shy of taking risks. Time will tell how successful his endeavor will be.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.