John McAfee Launching His First ICO! Amazing Project even without a Superstar CEO?

The idea behind the project is to evolve the venture capital system.

In my understanding the change which will be made is to support good Ideas from minor start ups with not only the funding but also support them to receive the attention and guidance for them to succeed.

“The dark underlying reality is that far more venture-backed start ups fail than succeed. This is not because they have bad ideas. The truth is that most start ups that go the venture capital route will not receive the attention, guidance or support that would help them to succeed. In fact, unless a start up is among the top 10% of the ongoing performers a venture fund has invested in, it is highly unlikely they will be supported at all. It is not the start ups that are failing – it is the system.”

The focus lies on upcoming ICO's in China.

In order to find and support the rise of the next Alibaba or Baidu the McAfee platform will be observing earth fastest growing economy, China.

“The booming economy in China has become a modern day Fertile Crescent for innovation. In the past two decades, we have witnessed the rise of Baidu, Alibaba and Tencent (BAT), among many other multi-billion dollar Chinese technology companies. The next batch of multi-billion dollar Chinese companies will be blockchain start ups, and they will be dependent on the improved venture capital model to get off the ground.”

ICO the future of start up funding.

ICO have in the past month proven to work better than the traditional IPO model favoured until now.
They are cheaper for companies more transparent for investors and anyone can participate where only big investors have this opportunity with IPO's.

“Over 1.6 billion dollars in start up capital has been raised via ICO during the past 12 months. This is proven success, and it is just the beginning. Oliver Bussmann, President of Crypto Valley in Switzerland, believes that “the whole ICO business model is, after Bitcoin, the first big proof point for blockchain’s life in business,” and that ICO's represented the “next maturity level in getting funding, instead of going through a venture capital model.”

Become part of the community and contribute your ideas

Decisions are made by the staff as well by the community and also your creativity.

“The most creative and best ideas often come from the most unexpected places. That means you. All of you will help us evaluate every team in our Accelerator programs, as well as their allotment of later stage funding.”

Earn MCF Tokens by contributing

You can actually earn MCF tokens by interacting with the community.

“Being a blockchain-enabled cryptocurrency reward ecosystem: Your participation in sharing your ideas and thoughts on our social networks is finally being rewarded, with a real monetary value from MCF. When posting an investment idea or commenting on other people's ideas, you earn MCF tokens based on your standing Reputation, and value of your contributions through a matrix of parameters such as upvotes, shares, and views that you received etc.”

Supported ICO founders will be given advice and support, but they will not be forced to take any if they don't want to.

They will create an environment where founders can move free while having access to crucial resources but still be accountable for their own missteps

“We can offer lots of advice, but we can’t force anyone to take it. We realize that independence is one of the reasons people want to pursue start ups in the first place, and frankly, it’s a primary reason start ups succeed. Investors who try to control the companies they fund often end up destroying them, a quick search will yield results proving this point in the THOUSANDS”

The McAfee ICO starts on September 30, 2017

The correlated IOB ICO starts on the same day at September 30, 2017

Update: Both of the ICO's will launch in the 4th quarter of 2017, the date given in the whitepaper will be updated soon.

Have a look for yourself, here is link to the ICO website https://www.mcafeecoin.com/

Also a link to the white paper (draft version)

Join here on their Slack channel if you are interested

Hope you find this interesting leave your thoughts and comments below.

Much love,

@kanashimi