2020 has been a turbulent year for the cryptocurrency market, but it has established the resilience of blockchain technology. Despite a single-day market plunge that battered the entire market valuation with a 50% drop, the following rapid uptick in Bitcoin price has led it to outperform the S&P500 index by a large margin.
To Receive GHOST, You Must Hold ESH Tokens
Such a milestone has made way for significant opportunity as crypto’s Store of Value narrative expands its appeal to a new market, and cryptocurrency headlines are already sparking with famous personalities seeking to learn more about the technology.
John McAfee has announced a new privacy coin called GHOST. However, the coin won’t be distributed through an initial coin offering, nor through an initial exchange offering. Given the poor performance of past token sales, as highlighted by the grim IEO stats, novel token distribution mechanisms are on the rise. Alternatives, like Dynamic Coin Offerings, designed by blockchain software developer and consultancy DAO Maker, are making waves for their proposal of a token sale where buyers are given downside protection.
McAfee has announced a new distribution, one that requires recipients to hold a particular ERC-20 token.
In 2019, John McAfee launched his own DEX. The McAfee DEX operates on the technology created by the Switch Ecosystem, which has a native token called ESH.
The Switch token consists of a Swap platform, the Switch decentralized exchange, and an upcoming gaming platform. The ESH token is used throughout the ecosystem.
25% of the token supply of GHOST will be distributed to ESH holders based on a snapshot due for May 24. ESH holders
