John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live

Noted cybersecurity consultant and individualist crypto fan John McAfee has usually launched a cryptocurrency trade platform.

Dubbed “Magic,” a site is touted as permitting users to “trade cryptocurrencies on mixed exchanges within a singular dashboard, automatically and manually.”

Notably, a sell appears to be non-custodial, with users’ crypto land remaining on 8 other sell platforms. When a trade is executed, supports are eliminated from those accounts to finish a transaction. To set this up, users will need to block in APIs from their other exchanges.

In a guide to regulating a platform, Magic lists Binance, Kraken, Poloniex, Huobi, Bittrex, HitBtc, Exmo and Livecoin as a upheld exchanges.

Two “portals” are on offer, one for normal mark trading, a other for “shadow trading,” in that a user’s trades will be set to impersonate those of pro-level traders who are “ranked by a village by their trade success,” McAfee indicated in a tweeted image.

Other facilities embody a “set and forget” ability to set buy and sell orders during a same time. Users can also use a height to make automobile trades on their behalf. There are no jurisdictional restrictions on who can use a exchange.

Regarding a confidence on offer, a Magic’s FAQs contend that a site is hosted on “top grade” Amazon Web Service servers that come with DDoS insurance and can “scale on demand.”

The site also reads: “We are usually releasing this height to a open after endless contrast and auditing processes that stretched months.”

Magic seems to have faced a DDoS conflict even before launch. In a pre-launch tweet, McAfee quipped: still underneath attack. New I.P. residence in Texas. The some-more this goes on, a closer we get. Amazon AWS servers are “learning” a conflict and will be adult shortly. Catch adult on work, make out with your partner or “flash” a pointless foreigner and video while we wait.”

It should be noted, we don’t suggest holding his advice.

Just 10 days ago, McAfee also announced he would launch a cryptocurrency dubbed a “McAfee Freedom Coin” this autumn.

Somewhat confusingly, he pronounced during a time:

“The McAfee Freedom Coin is designed to confront a problem of sell head-on… It is not formed on any commodity nor is it connected to a value or function of any outmost object or entity. The value of a silver will always be 0 in propinquity to any other banking nonetheless it’s healthy marketplace value is free, completely, to grow.”

However, a token does not seem to be related to a operation of new exchange, during slightest not yet. The Magic site says it will use a fuel (ARB) ERC-20 token from a plan called Arbitraging.

John McAfee picture around Gage Skidmore (Creative Commons)