John McAfee to launch his own crypto - the McAfee Freedom Coin

29 May, 2019
by David Robb
John McAfee to launch his own crypto - the McAfee Freedom Coin

Cyber-security legend and Bitcoin hyper-bull John McAfee has announced the upcoming launch of his own cryptocurrency. A whitepaper is now available for the McAfee Freedom Coin.

McAfee, who is currently on the run from the IRS and probably located somewhere in the Bahamas, has been an enthusiastic promoter of Bitcoin and a number of other smaller crypto projects, but has never directly involved himself in the space with his own product.

This is all about to change, and his popularity in the crypto community could guarantee the new token some measure of success. However, at this stage it is still unclear exactly what its function will be, and how it will be made available.

According to the rather vague and cryptic whitepaper for McAfee Freedom Coin, it "is designed to confront the problem of exchange head on, using a unique paradigm and a new structural concept. It is not based on any commodity nor is it connected to the value or behavior of any external item or entity. The value of the coin will always be zero in relation to any other currency yet it's natural market value is free, completely, to grow...the coin's makeup is trivial and there is nothing new in it. The uniqueness comes from a new approach to understanding the evolution of cryptocurrency and the mechanisms that have kept the Holy Grail of cryptocurrency - economic freedom - out of our reach".

On his Twitter account, McAfee responded to a number of requests for information about the crypto, mostly by telling people things that he and the project would not be doing. In a tweet that he apparently 'accidentally deleted', he claimed that there would be no airdrops, no ICOs, and no listings on any exchanges. 

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