Antivirus Software Tycoon, John McAfee is on top bulletins today – no, not with the new figures of bitcoin prediction but with the announcement of launching his own decentralized crypto exchange, McAfeeDex.

McAfee is famously known as Bitcoin bull for his bitcoin prediction of $1 million for a long time now and the software entrepreneur is all set to hit “McAfeeDex”, a decentralized exchange on top of Ethereum blockchain”. It was first revealed by McAfee via his Twitter profile, stating that the preview of this will come on Monday (October 07). He tweeted

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.” 

Looks like, McAfee’s upcoming exchange is completely ready as the official website of McAfeeDex also states, the exchange will go live as a beta version on October 7. Nevertheless, McAfee also clarified why the exchange will be running on Ethereum blockchain. He said that “It is a Beta version to work out our UI interface and other issues to make it more streamlined”, adding that the platform will also support non-Ethereum based coins in the coming weeks, he said.

Moreover, the ETH based token will be added to its platform instantly and freely. In fact, what makes this exchange interesting to many is the “no requirement as to the name of the account holder, document, email or bank”. Accordingly, the service will be freely available without any fees except 0.25% as the taker’s fee. As per McAfee, the exchange is completely designed to be a decentralized platform. 

With that being said, the exchange (if well accepted by the community) will be a direct threat to the emerging DEX platform by major exchange, Binance. Other players in the same row are ShapeShift and Waves DEX. 

Moreover, John McAfee earlier shared a tweet, hinting what about his latest venture by quietly poking fun at Warren Buffetts “lunch winner” Justin Sun. The eccentric bitcoin bull tweeted saying;

“I’ve been hit-and-miss in the Crypto Community for the past few months, but I’ve been doing the Lord’s work. On Monday I will have an announcement about what we have been working on non-stop for over a year. I think you will like it,”

Image source – Flickr

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.