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John McAfee is a very popular name in the cryptocurrency world. Recently, the antivirus expert was reportedly behind the development of a new crypto debit card. At present, Mcafee announced that he will release a new cryptocurrency that bears his name. According to resources, it seems that the freedom coin will be released by the end of 2019.
The McAfee Freedom Coin 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 behaviour 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.
In his recent tweet, McAfee stated that the coin is not mined and there will be no ICO. He also added that he is not looking for investors and his coin will not be listed on an exchange.
Additionally, McAfee claimed that he and his team will give no more information before the release of their white paper. Moreover, he also assured that it is not a scam and the crypto community should not expect any airdrops from his coin. The main question among most of the crypto enthusiasts is why he is launching the token. He explained that the coin is tied to the total ‘economic freedom.’
Although there is no white paper yet, John McAfee published a one-pager on the new cryptocurrency that he wrote himself.
McAfee also confirmed that the McAfee Freedom Coin can be purchased. It can be moved between wallets but it won’t trade on an exchange such as Binance because it lacks any value against other cryptocurrencies. Like McAfee, this coin is unique.
Initially, the worth of the McAfee token will remain zero. Which means the exchange of the coin to another currency will always have zero value. Anyways, its value is free to grow. Also, McAfee explained that the best coin should be disconnected from other cryptocurrencies and fiat currencies. He termed his coin to have zero cash-in value, which is accepted globally.
The McAfee Freedom Coin is not, by any means, a technology breakthrough – 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.