According to his website on the announced cryptocurrency, the "McAfee Freedom Coin" will roll out some time this fall. The McAfee Freedom Coin appears to aim for total isolation and independence from traditional currencies, assets and exchanges in an effort to reach "the Holy Grail of cryptocurrency - economic freedom."

According to McAfee, these are the desired properties of the new cryptocurrency:

"What is needed is a coin disconnected from fiat currencies and from other crypto currencies alike - a coin with zero cash-in value, yet accepted universally... It is not based on any commodity nor is it connected to the value or behavior of any external item or entity. The value of the coin will always be zero in relation to any other currency yet it's natural market value is free, completely, to grow."

As previously reported on Cointelegraph, McAfee has said he plans to run for President of the United States in 2020 on a boat in international waters, since he has purportedly been indicted by the U.S. Internal Revenue Service (IRS).