The crypto maverick set to release his own coin, the McAfee Freedom coin. The coin is not expected to have any new technological innovation but rather improve the Holy Grail of cryptocurrency – Economic Freedom.

John McAfee is well known for his antivirus innovation and much recently as an enthusiast and heavy critic of the cryptocurrency world. Earlier this week, the crypto fanatic announced he would be launching his own cryptocurrency that will offer the market

“freedom from the current systems of the financial transaction.”

The announcement, released on his Twitter account on Wednesday, described the coin vaguely leading to a multitude of questions to the antivirus genius.

John McAfee Launches the McAfee Freedom Coin

1The McAfee Freedom coin logo (Source: McAfee Freedom Coin)

It comes as no surprise that the cryptocurrency influencer chose to name the coin after himself – the McAfee Freedom Coin. While the coin is expected to be one for the ages, revolutionizing the cryptocurrency industry as we know it, the description of McAfee Freedom coin offered by John does not in any way reflect how cryptocurrencies work today.

In a tweet describing the coin, McAfee said,

“No it is not mined. No, we are not doing an ICO. No, we are not looking for investors. No, we will not be listed on an exchange. No, we will give no more information before release of white paper. Yes, this is real… Also, there will be no airdrops.”

The question most cryptocurrency investors were left asking is “why the hell the coin is a cryptocurrency?” John was quick to answer the question terming the coin the gateway to economic freedom for cryptocurrencies.

A Confusing State of Affairs

Explaining a cryptocurrency that does not operate on an exchange and lacks all other definitive cryptocurrency characteristics is difficult for anyone. Furthermore, McAfee coin is not based on any commodity nor is it connected to the value or behavior of any external item or entity. The coin is market valued and does not derive its value based on any other commodity which gives it an opportunity to grow.

John McAfee’s tweet explaining the need for McAfee Freedom coin (Source: Twitter)

In a series of tweet replies, the cryptocurrency shill further bashed the current fiat system and also cryptocurrencies alike due to the current value systems being used. He explained,

“What is needed is a coin disconnected from fiat currencies and from other crypto currencies alike – a coin with zero cash-in value, yet accepted universally.”

Tweeps followed up question on how you could make a profit using the coin to which McAfee answered,

“I never said it had zero value. I said the exchange of the coin to another currency will always have zero value. You read, but I think you skimmed.”

The McAfee coin is set to be released this fall according to the founder’s report. This follows the prior cryptocurrency debit card project that featured him as the face of the card. The future of the McAfee Freedom coin is unclear as no specifics have been offered yet with the founder confirming full specifications of the cryptocurrency will be released once the whitepaper is complete.

A cheeky reply to McAfee’s tweet tried to squeeze some more information on the coin and further asking for a sneak preview on the whitepaper saying,

“I’m a data junkie sir, money comes and goes but my knowledge makes me. Can I be granted an early view at the white paper? Test of my ability 2 stfu.”

The offer was quickly denied with the response,

“Will reveal when [the] white paper is released.”

The views and opinions expressed in the article Introducing The Latest Cryptocurrency Token on the Market: McAfee Freedom Coin do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research.

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