On Friday, May 22nd 10:00 am UTC Bitcoin.com Exchange will be listing the ESH token by Switch.
Switch is an easy-to-use, decentralized trading platform that asks users for no personal verification nor requires anyone to create an account. Founded in 2018, the team behind Switch has grown the platform to be much more than just a simple swapping service. By now their ecosystem includes a decentralized exchange, more than 30 whitelabel portals and the ability to buy giftcards with crypto. In the near future, Switch plans to add more features by integrating gambling and prediction markets.
The privacy granted to traders on the Switch whitelabel portals and the ease of use made it a perfect fit for John McAfee who launched his DEX on the Switch ecosystem in 2019: the McAfee DEX.
GHOST Privacy Coin
John McAfee has always been an outspoken proponent of privacy and the right to protect your own data which famously led to the development of the anti-virus software with his name.
Not long ago, John McAfee announced the launch of a new cryptocurrency: GHOST. GHOST aims to deliver a way for traders to transfer value without leaving any traces. Whenever we pay with our credit card or other centralized services on the internet, this data is being accumulated by the service providers and not rarely sold to advertisers.
Even when using bitcoin, your privacy is not guaranteed as more and more sophisticated chain analysis makes it possible to get very close or to even identify an individual behind a wallet address.
GHOST is bringing privacy to crypto transactions by leveraging zkSnarks and a delegated Proof of Stake algorithm.
HOLD ESH to receive GHOST
John McAfee has been an advisor to Switch from the start and supported them in their pursuit of privacy. Therefore, it comes as no surprise that he decided to distribute GHOST to exactly the privacy-loving crowd that has gathered around the Switch ecosystem.
Unlike in ICOs or IEOs, 25% of the GHOST token supply will not be sold but directly be airdropped to holders of the ESH token based on a snapshot that’ll be taken on May 25th.
Bitcoin.com Exchange is the only exchange that will support the airdrop. This means anyone who is holding ESH in their exchange account during the snapshot, will be eligible to receive GHOST. Holders will receive 1 GHOST for each ESH they’re holding in their wallet so, the more they hold, the more GHOST they’ll receive.
Deposit and Trade ESH to win
Leading up to the airdrop, the Bitcoin.com Exchange is running a Deposit Promotion and a Trading competition to give traders a chance to increase their ESH Holders.
3,000 ESH Deposits promotion:
Users who deposit 10 ESH or more during the activity period will receive 10% of the deposited amount for deposits up to 100 ESH. Only as long as supply lasts.
Promotion Period: 22/05/2020 09.59 UTC – 22/05/2020 – 21.00 UTC
7,000 ESH Trading competition:
7000 ESH will be distributed among the top 5 traders with the highest trading volume in ESH/BTC and ESH/ETH.
Competition period: 22/05/2020 23:59 UTC – 24/05/2020 23:59 UTC
You can find all the details on the competition and the Terms and Conditions here.