American entrepreneur John McAfee has launched an Ethereum-powered decentralized exchange (DEX). The platform will run in a beta from Oct. 7, according to the platform’s official website.
“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,” McAfee’s tweeted On Oct. 5.
McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Any ETH-based token (ERC-20 standard) can be added without a fee to the beta version, with more unspecified tokens to be supported in the future.
As previously reported, John McAfee declared his intentions to work with Cuba’s government as a crypto advisor after the officials revealed their plan to launch a cryptocurrency as part of anti-sanctions package.