Sign up now
Australia Shopping Network. It's All About Shopping!
Categories

Posted: 2018-04-03 04:59:13
mcafee.png

"Eccentric millionaire" John McAfee.

Screenshot by Eric Mack/CNET

Ah McAfee, you've done it again.

John McAfee, the former antivirus software pioneer whose adventures include being accused of murder, has let it be known that he's charging $105,000 per tweet promoting a cryptocurrency or an initial coin offering (ICO).

Using his lucrative Twitter account, the self-proclaimed "crypto visionary" tweeted to his 811,000 followers a link to The McCafee Cryto Team website on how his promotional tweets work.

"Within the cryptocurrency industry, nothing can match the power of a McAfee tweet," the page reads. "Frequently, a single tweet has resulted in more than a million dollars of investment into an ICO, and multiple currencies have increased more than 100 percent in price from a single tweet."

An ICO allows potential buyers to invest in a cryptocurrency before launch. ICOs are used to help fund the development of a new currency. If the technology is legitimate, it can be good to get in early before it starts getting traded freely on exchanges.  

McAfee began weighing in on cryptocurrencies last year by tweeting his "Coin of the day", which may have resulted in small spikes in the coin's value. When his Twitter account was hacked in December to promote lesser known cryptocurrencies, he reduced his endorsements to once a week.

Whether McAfee's Twitter account does sway cryptocurrency markets has been put to the test. Recently, over the course of three weeks, Motherboard tracked McAfee's tweets about alternative cryptocurrencies. It found that their market value did shoot up, like Burstcoin's value, for example, jumped 350 percent.

View More
  • 0 Comment(s)
Captcha Challenge
Reload Image
Type in the verification code above