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John McAfee Ethereum-Based DEX to Launch on Tron As Well Soon, Allows Using Free ‘Franchise’

  • Yuri Molchan
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    John McAfee starts beta trials of his decentralized exchange and offers anyone to set up ‘portals’ on the basis of the DEX and receive part of fees from every buy trade

John McAfee Ethereum-Based DEX to Launch on Tron As Well Soon, Allows Using Free ‘Franchise’
Cover image via news.u.today

Last week, U.Today reported that a thought leader in the crypto industry, John McAfee, had announced that today, on October 7, the beta trials of his decentralized exchange, Mcafeedex, would kick off.

Today, McAfee shared more details regarding the exchange on his Twitter page.

The former antivirus magnate and a US presidential candidate tweeted that he and his team allow others to build ‘portals’ to help power trading operations on his Ethereum-based dex.

The team will assist in the installation of the software package for a fee of $395 and the runners of the portals will get 0.05% off each purchase trade that goes through them. No percentage to paid to the McAfee dex team for that.

 

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Besides, McAfee said that the dex is open source, so anyone can take the source code and change it the way they like, even eliminate the trading fees.

He has also promised to launch his dex on Tron soon.

McAfee dex to launch on Tron
Image by Twitter

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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