John McAfee reveals he charges $105,000 per promotional cryptocurrency tweet
Remember the famous McAfee coin of the day tweets that everyone was so excited to follow? Many of you rightly speculated that John was doing it to pump because he held all those coins he was promoting. But there's more to the story. The truth is he was paid for each tweet by the people behind those cryptocoins.
What happened to John? Is he broke? I reckon he is.
Software tycoon turned cryptocurrency enthusiast John McAfee recently revealed that he charges $105,000 for each tweet he sends out promoting digital coins or initial coin offerings (ICO). Last week, McAfee tweeted that his team had written up a guide on how his promotional tweets worked, and posted it to McAfee Crypto Team, an organization McAfee and his team put together to promote ICOs.
McAfees tweets can indeed sway cryptocurrency markets. In January, Motherboard tracked McAfees tweets about alternate cryptocurrencies to their market performance over the course of three weeks. The site found a correlation between McAfees tweets about cryptocurrencies and spikes in their valuation in the case of Burst coin, a jump of 350 percent.
At the time, Motherboard speculated that McAfee was taking part in pump and dump schemes to boost the value of coins he was already invested in. That may still be the case, but the McAfee Crypto Team post suggests McAfee also has a completely separate racket: hawking endorsements for cash.
Weve reached out to McAfee Crypto Team and Burstcoin for comment.
Source https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitcoin-cryptocurrency-twitter-ico
What happened to John? Is he broke? I reckon he is.
Software tycoon turned cryptocurrency enthusiast John McAfee recently revealed that he charges $105,000 for each tweet he sends out promoting digital coins or initial coin offerings (ICO). Last week, McAfee tweeted that his team had written up a guide on how his promotional tweets worked, and posted it to McAfee Crypto Team, an organization McAfee and his team put together to promote ICOs.
McAfees tweets can indeed sway cryptocurrency markets. In January, Motherboard tracked McAfees tweets about alternate cryptocurrencies to their market performance over the course of three weeks. The site found a correlation between McAfees tweets about cryptocurrencies and spikes in their valuation in the case of Burst coin, a jump of 350 percent.
At the time, Motherboard speculated that McAfee was taking part in pump and dump schemes to boost the value of coins he was already invested in. That may still be the case, but the McAfee Crypto Team post suggests McAfee also has a completely separate racket: hawking endorsements for cash.
Weve reached out to McAfee Crypto Team and Burstcoin for comment.
Source https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitcoin-cryptocurrency-twitter-ico