THELOGICALINDIAN - John McAfee has appear the barrage of McAfee bread and its ICO while admiration that Bitcoin will accelerate to millions per coin
Despite the contempo downturn in the cryptocurrency markets, the Initial Coin Offering (ICO) aberration seems far from over, as new projects abide to pop up. Most recently, a accustomed name has appeared amid these blockchain-based projects, one that has angry active in the space: McAfee Coin.
John McAfee, a name that has becoming acceptance both aural and alfresco of the cryptocurrency sphere, acquaint the official articulation to the official McAfee Coin website today via twitter. Though the advertisement has larboard associates of the association baffled, this wasn’t alike McAfee’s best arresting cheep of the day.
McAfee is acutely bullish on Bitcoin acceptance admitting that he currently holds no bitcoin himself. However, he’s predicting BTC will move aloft $500,000 USD in three years and possibly ability as aerial as $2.6 million. He alike went as far as to aback up his anticipation with the afterward comment:
McAfee’s aplomb in the approaching of Bitcoin and cryptocurrencies is absolutely one of the active factors for the conception of MCF.
The McAfee coin, which will accept its own Initial Bread Offering campaign, seems to be allotment of a bigger arrangement advised to advice armamentarium startups and project. Taking the anatomy of a corporation, the McAfee Crowdchain Accelerator Inc. is currently spearheaded by its three founders: Yale Reisoleil, co-founder, administrator and CEO; John Mcafee co-founder and director; John Zhu, co-founder, administrator and COO.
Although it’s not 100% bright what role the McAfee Coin (MCF) will comedy aural the McAfee Crowdchain Accelerator Inc. (McAfeeXL), the company’s purpose is clear: a startup accelerator that aims to get aboriginal stage-companies off the arena by accouterment them with the accoutrement and advice they require.
To do so, MCAFEEXL counts with the accord of a “star-studded aggregation of entrepreneurs, bazaar strategists and business experts.” The website reads:
However, we do get a few hints on how the MCF badge will acquiesce its holders to be complex in the project. According to the website, McAfee Coin holders will be allotment of the advance aggregation and will be complex in the controlling process. This agency that users will be accustomed to appraise teams in the Accelerator programs, as able-bodied as their allocation of after date funding.
If you’re somewhat new to the cryptocurrency world, you may be afraid to see the architect of the McAfee antivirus complex in an antecedent bread alms campaign. However, John McAfee has been dipping his toes in the blockchain waters for a while now, earning acquaintance in cryptocurrency mining and investments.
Being appointed as CEO of MGT Capital Investments, John McAfee has angry the aggregation into a cybersecurity close and confused its focus appear mining as a agency to about-face the company’s losses into profits. In 2016, the aboriginal all-embracing Bitcoin mining operation by MGT Capital Investments took off with over 2.6 PetaHash of mining power, after accretion to added than 5 PetaHash.
Last month, MGT Capital Investments announced a pilot program to abundance Ether. Through an acceding fabricated with Bit5ive LLC, MGT Capital Investments will acquirement up to 60 cartoon processor-based mining computers which will use high-end clear cards and CPUs to abundance both Ethereum (ETH) and Ethereum Classic (ETC). At the time, John McAfee stated:
Earlier this year, MGT has additionally appear the accessible barrage of its Bitcoin Mining Pool whose barrage is appointed for the additional division of 2017. McAfee has confirmed, however, that MGT Capital Investments will not be absolutely codicillary on cryptocurrency balance and will additionally abide to focus on cybersecurity.
Are you absorbed by John McAfee’s latest venture? Will he abide to accomplish after-effects in the cryptocurrency space? Let us apperceive what you anticipate in the animadversion section.
Images address of Shutterstock, Twitter
