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Ghost, the crypto by McAfee is on the way
Ghost, the crypto by McAfee is on the way
Altcoin

Ghost, the crypto by McAfee is on the way

By Marco Cavicchioli - 11 Jun 2020

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Ghost, the crypto by John McAfee, will be launched on June 22nd. 

It’s a new cryptocurrency with a high level of privacy, announced a couple of months ago, and largely based on the open-source code of PIVX, which in turn is a fork of Dash. 

The launch is scheduled for June 20th, with the possibility of making atomic swaps with BTC, ETH, DAI and ESH. 

ESH is the ERC20 token of the decentralized exchange Switch, on which the GHOST token is already tradable

In fact, the ERC20 Ghost token already exists and has debuted on the markets some weeks ago at a price of 0.8$. 

On Monday, June 8th, it peaked at almost $2 to then fall back to around $1.5. 

However, the Ghost mainnet will be launched on June 22nd, and only then will the actual Ghost Coin cryptocurrency exist. 

The ERC20 GHOST token will be replaced with the new Ghost Coin tokens on June 22nd, with a 1:1 ratio.

Ghost Coin will be a high-level privacy cryptocurrency, based on Proof-of-Stake, designed to help people operate like “ghosts” with their online transactions. 

Transactions made in this cryptocurrency will use a deposit pool to protect and erase transaction history. They will also be verified using zero-knowledge proof. 

For its part, the Ghost network is an open and decentralized network, without any central company or owner, and is entirely managed by the community. 

It promises on-chain transactions processed in less than 120 seconds, with only a fraction of a penny as commission cost. 

As it is based on Proof-of-Stake, it also allows staking, and a form is available on the official website to calculate the estimated profits from staking the future Ghost Coin. 

Moreover, as it also uses masternodes, it allows generating profits by running one. 

Initially, the circulating supply will be only 13,573,415 tokens, but the final total supply will be 55,000,000

The remaining 41,426,585 Ghost tokens will be issued at a rate of 12 for each new block, i.e. every two minutes approximately. 

Of these twelve, 6 will be distributed to the masternodes, while 4 to the stakers. Another 2 will be set aside in a pool used for the future development and growth of the network. 

The Ghost token is already tradable on some exchanges, including Uniswap, one of the most used exchanges in DeFi. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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