Major cryptocurrency platforms disorder the basic principles of digital money. Users of such platforms must authenticate, and store their coins in the accounts of companies. Recently, platforms that work according to other rules are actively developing. The main ones are independence from the government or third parties.
McAfeedex Beta Version Is Coming 10/7
US presidential contender John McAfee supports the idea of freedom and equal opportunity for all market participants. Today, he posted his plans to launch a beta version of his decentralized exchange (DEX) on Monday, October 7.
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
The decentralized trading platform, like others, do not request data from clients. This allows customers to remain confidential and keep information related to the exchange of funds secret. No one will have access to the the financial actions of a user until he himself wants to disclose them.
In addition to the date, McAfee also disclosed the amount of transaction fee, which is just 0.25%. The crypto pundit added that listing of any cryptographic project on the platform is free for the time being.
A preview of what's coming Monday: Requires no name, no documents, no email, no bank info. Transaction details private. Nothing monitored. Nothing recorded. No restrictions. No listing fees. 0.25% transaction fees. Completely decentralized.https://t.co/1vUQ6AZiqc
— John McAfee (@officialmcafee) October 4, 2019
As we can see, John McAfee keeps amazing the crypto community. To date, he still insists on the growth of Bitcoin (BTC) to $ 1 million by the end of 2020. Immediately he announces the launch of his distributed DEX which called Mcafeedex, Mcafeedex website is already running. Presently it provides information on the main features of the trading platform, with emphasis on security and anonymity.
The DEX doesn’t require any personal or banking information to register. That is to say, there is no need to pass the KYC procedure.
All details of the transaction will be anonymous without saving records about them. McAfee adds that there will be no restrictions, including territory.
The reaction on social networks was miscellaneous. Many users were outraged by the amount of transaction fee, which seems high as for a decentralized exchange.
But cryptocurrency enthusiast John McAfee is convinced that decentralized exchanges can trigger an economic boom. Besides, McAfee added that five years later, centralized platforms will cease to exist.
Perhaps his call for a free society will have a positive effect on his future election campaign. John McAfee is among those who intend to lead the United States and give the community something that they have not had so far. The matter concerns freedom.
However, at the moment, his willingness to make the world free negatively affects his life. McAfee believes that it is for this reason that the police are harassing him.
Despite the seriousness of his intentions, McAfee made it clear that he did not count on winning the election. Its purpose is to convey to the American consciousness the advantages of cryptocurrency with its decentralization.
Is it Time For DEX?
Note, centralized platforms operate on the principle of traditional financial exchanges. In this case, third party controls and regulates the flow of money on the platform.
Decentralized Platforms (DEX) do not act as an intermediary, allowing users to trade with each other directly. It is a primary competitor to centralized exchanges. According to McAfee, decentralized exchanges will put an end to any control by the government. Moreover, most centralized exchanges will disappear in the next five years probably.
Decentralized exchanges do not have liquidity, and they are not the most convenient for users momentarily.
At the same time, the developers have a lot of effort before DEX will attract a large number of users, while the centralized platforms look more reliable and convenient.