John Mc Afee has nnounced that he will be releasing a coin this fall. The coin which he has named “Freedom Coin” will have special attributes which seem strange.
Usually, the announcement of a new coin is followed by thne excitement of people and looking forward to the mode of acquisition and operation. But that of Mc Afee has got people talking and wandering.
The coin he said will have “zero cash-in value and will be accepted universally.” This implies that it will have zero value on exchange. Meaning; it won’t be listed on any exchange. Its value will only be based on individual’s transaction. He said this is to tackle the problem of exchanges head on. This, according to him is to detach the coin from the “fear, greed, manipulation and the vagaries of external economic conditions.”
He said in the initial announcement which has now been deleted:
“No it is 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”
He has launched a website for the coin. And everything seems to be at the early stage. Little information is currently available But he has promised all the info is coming through the Whitepaper.
There are a lot of reason to give for the impossibility of a coin like that, but we will continue to observe what he intends to do and we hope he surprises us. This may just be the beginning of a new trend.