John McAfee, the famous cryptocurrency evangelist, has made a name for himself in the space after many developments and feuds with other proponents of digital assets. McAfee again shook the crypto world after he announced that the McAfeeDex would be integrated on the Tron blockchain on November 8th. With the release, the decentralized exchange will also begin supporting TRC10 and TRC20 tokens.
In a recent interview with CyberHub Engage, the infamous founder of McAfee industries reinforced his belief in cryptocurrency over fiat and even claimed that Bitcoin and other assets were on their way up to trump traditional payment methods. During the interview, he started by saying:
“For the first time in 75 years, we (the general public) have been the most powerful weapon (Bitcoin). One that can unlock the door to your cage. Freedom, however you define it, is based on financial freedom.”
He also spoke about how McAfeeDEX will be set in a way that regulatory authorities will not be able to seize control of the assets held within. The exchange is created on the Ethereum platform, and the Vitalik Buterin founded cryptocurrency’s “world supercomputer” ideology was the reason why it was chosen for the task. The computer scientist continued:
“In the 8th of November, we will include Tron, and by the first quarter (2020), EOS, Binance Coin and Neo. And then we’ll have cross chains before the first quarter. It will be Binance, but free.”
McAfee even created an analogy to prove that banking on the blockchain is much safer than banking on central banking servers. He further opined that countries like China had created a sense of fear among those who consider money precious.
China had recently created Ripple effects in the cryptocurrency industry when the Red Dragon announced that they would be taking more positive steps towards the adoption of blockchain technology.
Statements made by Chinese premier Xi Jinping was one of the main reasons why McAfee claimed that governments had too much control of their citizens’ capital. Speaking of security, the Bitcoin proponent added:
“A bank vault, which is impenetrable, can’t be blamed if the clerk gives the code. That is not the vaults fault. Same is with blockchain.”
McAfeeDex will help power trading operations on the exchange and will get 0.05 percent off every trade. The users will be charged $395 per installation of such a port. The latest announcement comes a year after the crypto baron announced that he was launching a groundbreaking crypto product.
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