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McAfee Coin: John McAfee, to launch his ‘very own’ crypto coin

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McAfee coin

One of the particularities of the crypto sphere is that in many cases it is moved by the opinions of experts of the industry, people that generally are associated with the finance world and have a strong influence in the community. The views of these figures in several occasions lead to a reaction of the cryptocurrency users, which at large end up either favoring or causing harm to a particular coin.

In this matter, one of that figure without a doubt is John McAfee, the businessman behind the McAfee company, an organization providing cybersecurity solutions for the industry since 1987. Mr. McAfee is not affiliated to the McAfee antivirus by any means now, though.

John is characterized being an active influencer in the crypto world, who even widely benefits specific coins in the industry by just commenting his thoughts on them over his Twitter account. There are speculations that McAfee has managed to make changes in the industry of more than 100,000 USD, the fact that proofs how influential he is for the crypto world.

In this sense, it all seems to the point that Mr. McAfee is not planning to change its presence in the virtual coin market, in fact, he recently gave declarations on his Twitter account stating that in 26 (24 now) days the sector would see the launch of his coin.

It’s predicted this coin would be actually printed so that it will be a physical asset in the form of fiat but backed in crypto. Let’s see how it goes!

The McAfee crypto backed currency

A couple of ago McAfee published on his Twitter account the first clues on what it will be the coin he will launch in 26 (again, that means 24 now) days. Although he didn’t share that much of a detail, he said,

Even with the short description, McAfee accomplished to seek our attention already, and the truth is several expectations are now put on the project. Counting on his influence in the industry we cannot be less than sure this will be an important invention for the crypto sector.

Just recently, McAfee sent out another Tweet in which he gave an interview to Crypto-News.in to explain a little further how will the coin work, but he specified that the community would have to wait until the 25th of June to get all the details of the project.

The initial idea how McAfee Coin is going to work

In an exclusive interview to the Crypto-News.in, the 72-year-old businessman said,

“A coin identifier or list of coin identifiers is distributed with the note as a separate, collectible document – a paper wallet. It is expected that this paper wallet will be then stored in a different location from the note. None of the coins are initially “activated” however.”

McAfee further continued,

“Coins become activated if and when a note holder chooses to “convert” his or her Fiat note through a process of reverting the note(s), through the mail or other means, to the MRU Foundation – the organization responsible for archiving and caring for the physical notes. There may be a processing fee for conversion.”

With this, we have a clear perspective that John McAfee is very committed to the crypto industry and its development.

In fact, not so long ago, McAfee, the crypto dad (yes, that’s how people call him now), tweeted a video in which he notes his message regarding the war between banks and cryptos.

As per the tweet, he called on the community to require banks the possibility to buy cryptos using their platforms; the fact that he suggested should come along with a threat of switching to other banks on the contrary case.

Conclusion

As McAfee himself published, we will all have to wait until next June 25th to get the final details, but for this moment the project looks bright and exciting. If it all goes as expected this will be another success for the nick-named crypto dad. So stay tuned!

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Wikipedia Commons

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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