Bitcoin, Cryptocurrency And Blockchain News

$105,000 per Promotional Tweet? John McAfee Puts the Record Straight


John McAfee, a notable programmer and founder of the eponymous antivirus software, is in the news and this time it is about his announcement that you will need to fork out six figures to have your crypto tweet promoted. Having drawn his focus to cryptocurrencies over the years, McAfee is now taking advantage of this fact to make a few bucks, charging $105,000 per tweet in promoting crypto products and projects.

Promotional Guide in the Offing

It is only last week that McAfee posted tweets to the effect that the McAfee crypto team has come up with a guide that will detail how promotional tweets will be structured on their website. This is a team known to be a marketing agency dealing with Initial Coin Offerings and other related projects in the crypto industry.

Influence Galore

According to the group’s official website. McAfee has an enormous influence on the industry. It says:

Within the cryptocurrency industry, nothing can match the power of a McAfee tweet. 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% in price from a single tweet.

Looking at this from a neutral eye, this claim is justified especially considering how McAfee’s tweets gained so much credibility and acceptability after he tweeted about Verge. This caused a notable price spike. There were allegations after this that McAfee was out to extort Sunerok, Verge’s founder.

Allegations and Counter-Accusations

According to XVGWhale, Verge’s promoter McAfee dropped his support for Verge after the creator failed to meet his pay promise of $1.1 million dollars in Ether. After Verge eventually fell victim for FUD, these allegations were watered down and this also served to increase McAfee’s credibility in the industry.

To date, McAfee denies that he once wrote tweets with the effect of Verge shooting up in popularity, becoming the world’s best private coin. In fact, he has deleted previous tweets to this effect.  In his December 30th 2017 tweet, he said:

I recommended Verge when it was less than a penny – saying it might rise 100% to two pennies. The price has been wrongly pumped beyond reason by referencing fake Twitter accounts and Instagrams which I have never had and then I am diss’d when I point out the fraud. Please stop.

It should be noted, however, that Verge is not the only coin that has rubbed shoulders with McAfee. Many othereEmerging coins have been down this road. With the revelation that he now charges for his tweets, this is ripe fodder for more speculation that he has potentially been doubling down on his controversial profiteering.

What do you think of McAfee’s charges on promotional tweets? Is he credible enough to warrant this? Let us know of your views in the comments section below.