John McAfee reveals he charges $105,000 per promotional cryptocurrency tweet

[stompix]

Here's a question. Why would he risk his credibility by exposing himself as a pumper?  

I believe he knows that the SEC is already hot on his heels with an insider trading charge, and the only recourse is to pretend that he has a "social media marketing company".

How can they accuse him of "insider trading" ?
Because he tweets about some coins he might actually own?
That is publicity not trading.

As far as I know he doesn't own any exchange so from this point he is clear.
He might be accused based on having access to insider information but even those can be easily ripped apart by a good lawyer. There is no chance the SEC will attempt this, and clearly not over some shitty altcoins.

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[cryptohoodz]

Well, it's just supply and demand. Apparently ICOs are convinced or desperate to pay him such amounts to get more attention.

[wndrbr3d]

I do not trust this person - I do not see this person doing any good for the crypto community. He is very greedy and promote every shit projects (He only needs to get money for promoting from them).

[subbotina]

This is way to expensive in my opinion and I do not think that any project is paying him that much. This might be self promotion.

[buburjelly]

Extraordinary income. The launch of ICO does require a good and reasonable promotion if McAfee Crypto Team charges such a large promotional fee because it creates more investors to participate in the fundraising of an ICO. Advertised by a McAfee that is as powerful as one of the richest people in the world is a tremendous strategy but I see that the ICO that has been promoted by it after entering various markets just cannot survive and its price is destroyed.

[guybrushthreepwood]

McAfee is the very definition of a sell out. He'll literally promote any old crap just as long as you pay him. Sadly there's that many sheep following him looking for the next big thing to hope onto his promotion is probably worth them paying. You can see this with other 'celebs' like Mayweather etc who have also promoted straight up scams and they don't care just as long as they get the quick cash to do so. 

Here's a question. Why would he risk his credibility by exposing himself as a pumper?  

I believe he knows that the SEC is already hot on his heels with an insider trading charge, and the only recourse is to pretend that he has a "social media marketing company".

How can they accuse him of "insider trading" ?
Because he tweets about some coins he might actually own?
That is publicity not trading.

As far as I know he doesn't own any exchange so from this point he is clear.
He might be accused based on having access to insider information but even those can be easily ripped apart by a good lawyer. There is no chance the SEC will attempt this, and clearly not over some shitty altcoins.

I'm not sure if it falls under inside trading or not (probably doesn't) but he'll probably get paid in the token that he's agreed to promote. Most of these scam ICOs don't have $150k to throw at him for something that might not even take off. As for the SEC coming after him I'm sure there's many other dodgy things he's doing that some government body can stiff him on.

[gracer88]

https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitcoin-cryptocurrency-twitter-ico

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.

FOMO, propaganda and indoctrination. As usual with cryptocurrencies.

it would be sad if this news turns out to be true. John McAfee, a man whose word is is important for the world of cryptocurrency.
But I know that the KWH project, which he advertised, barely collected softcap...

[freesia_pnp888]

i know he gets paid decently but i don't think it'll be that ALOT??

[Yakapo]

McAfee has perfected his art and is used to making obscene claims that drive traffic and attention to him.  i'd rather you dont pay attention to his claims,

[chipzeru]

https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitcoin-cryptocurrency-twitter-ico

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.

FOMO, propaganda and indoctrination. As usual with cryptocurrencies.

Damn, $105k for a single tweet is crazy. $105k is like 20-50% of bounty allocation in any bounty campaigns and have to be shared to hundred to thousand of bounty participants. In the end, we still have to do own research on ICO before invested.

[magisterr]

After this news, I think he will not earn such money, because people will not trust him more. What sense in this paid adversiting?

[w5pn73]

After this news, I think he will not earn such money, because people will not trust him more. What sense in this paid adversiting?

I always thought everyone knew, why would he be tweeting about so many projects and ico's?
And so many bad coins as well.

[hilariousetc]

After this news, I think he will not earn such money, because people will not trust him more. What sense in this paid adversiting?

Sadly I actually think it'll be on the contrary. This revelation is more like an advertisement for him now that it's out in the open so people know he can be bought and are more likely to seek out his promotion. People know a tweet from him is very valuable for their coin because it does have an impact on the price with all those idiots who are always looking to throw their money at something.

Also, buying tweets is nothing new. I read a while back that Christiano Ronaldo charges 250k a tweet to promote something. I've yet to hear about him promoting an ICO though but most of the time these prominent figures with large social media followings will promote anything as long as you pay them though something tells me Ronaldo will have lawyers that advise him on these things.