John McAfee’s New Trading Platform Aims to Give Traders a Magical Experience

On June 11, following his newest tirade on social media, John McAfee introduced the launch of his new cryptocurrency buying and selling platform known as McAfee Magic. The challenge permits for handbook and automatic crypto buying and selling throughout a number of digital asset exchanges all displayed in a single consumer interface. In accordance to the web site, the service is the second product moreover his well-known antivirus software program to bear the McAfee identify.

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John McAfee Launches a New Crypto Trading Platform Referred to as McAfee Magic

The cryptocurrency advocate and former antivirus software program tycoon John McAfee has launched a digital forex buying and selling platform. The challenge known as McAfee Magic is admittedly an entry level that mixes handbook and bot buying and selling throughout a slew of exchanges in a single interface. The web site explains that the ‘magic’ is having the ability to shortly make a commerce whereas your preset automated bots make tons of of trades for you on totally different buying and selling platforms. McAfee Magic additionally provides merchants the flexibility to execute shadow trades, a technique that permits newcomers to copy or shadow the buying and selling strategies of execs. The web site states:

The ‘magic’ is that novice merchants aren’t required to fund ‘dealer’ accounts. Novices retain management over entry to their funds at exchanges. (‘Your keys’ your ‘crypto’) — that’s McAfee Magic.

McAfee Magic makes use of an ERC20 token known as Arbitrage (ARB). The startup known as Arbitraging.co runs the token challenge and has created the ABOT. Arbitraging.co claims ABOT is a seamless, automated arbitrage bot that’s able to working 24 hours a day creating passive earnings.

The challenge is sort of totally different to most buying and selling platforms because the protocol itself offers entry to eight exchanges and permits for bot buying and selling with over 500 digital currencies. McAfee Magic is powered by an ERC20 token known as Arbitrage (ARB) and the web site’s FAQ says the location is operational in all jurisdictions. McAfee introduced the service after a collection of tweets revealing how he’s been fleeing from the U.S. authorities and a Bahamian police officer.

“Sorry to be late with my magnum opus buying and selling platform,” McAfee remarked on Monday. “However I didn’t anticipate having to mud wrestle the Bahamian Police Commissioner together with dodging assassins this week — However higher late than by no means — Right here it’s.” As well as to the announcement, McAfee mentioned that “subsequent week” crypto debit playing cards are coming.

The McAfee Magic dashboard.

A Take a look at McAfee Magic Dashboard and the Freedom Coin Announcement

After McAfee introduced the challenge, information.Bitcoin.com determined to register and take a take a look at what the platform has to supply. At first, it took a very long time to join McAfee Magic and it appeared the platform’s servers had been slowed down after he first introduced the challenge. Then, after registering, I nonetheless had a number of login points and it took over half an hour to lastly sign up to view the location. The web site appeared to be down a number of instances on Wednesday, June 12 as properly. After I lastly logged in, the location gave me entry to the McAfee Magic dashboard, which permits you to entry the commerce portal, shadow portal, your pockets, and interface settings. You’ll be able to add a number of exchanges to the dashboard view with platforms like Binance, Kraken, Poloniex, Huobi, and Bittrex.

McAfee Magic offers entry to eight exchanges and over 500 cryptocurrencies.

In addition to the preliminary hiccups, the interface is skilled trying and gives a buying and selling view and depth charts for every change. There are a lot of cash proven on the dashboard which embody high 10 contenders like BTC, ETH, BCH, and ERC20 tokens. The service makes use of the ERC20 ARB, which can be known as ‘Gas,’ however you additionally want to buy ARB to turn out to be a McAfee Magic member.

“What is required is a coin disconnected from fiat currencies and from different cryptocurrencies alike – a coin with zero cash-in worth, but accepted universally,” John McAfee’s newest web site explains.

The brand new platform follows a few of the opposite initiatives underneath McAfee’s belt that he has initiated over the previous few months. As an example, McAfee helped launch the Bitfi Pockets however he’s additionally launching a cryptocurrency known as Freedom Coin. The coin is sort of attention-grabbing as the web site declares that McAfee’s Freedom Coin is “not, by any means, a know-how breakthrough.”

“The worth of the coin will at all times be zero in relation to every other forex but its pure market worth is free, utterly, to develop,” explains the web site.

It’s too early to say whether or not or not McAfee’s Magic change offers the tips and the bot schemes that merchants would need proper now. Crypto lovers on Twitter appeared to just like the idea and congratulated McAfee in regard to the launch. Furthermore, the neighborhood might be ready to see the brand new debit card McAfee hinted about in his tweet as properly. Nonetheless, folks additionally marvel how McAfee might be in a position to function a new change, whereas additionally being on the run from tax collectors. Within the meantime, McAfee defined on June 12 that the explanation the location was down a lot was as a result of the platform was being attacked by hackers.

“The AWS servers utilized by McAfee Magic are nonetheless underneath a cloaked DOS assault. I would really like to thank the hackers from the underside of my coronary heart for the free publicity,” McAfee remarked on Twitter. “Some fool utilizing the Tor Browser, as if that may save them — It’s a true beginner hack,” he added. Information.Bitcoin.com can affirm that McAfee Magic remains to be not loading correctly this Wednesday at four:30 p.m. EST.

What do you concentrate on the McAfee Magic buying and selling platform? Tell us what you concentrate on this topic within the feedback part beneath.

Disclaimer: This editorial is meant for informational functions solely. Readers ought to do their very own due diligence earlier than taking any actions associated to the talked about firm, buying and selling platform or any of its associates or companies. Bitcoin.com or the creator isn’t accountable, immediately or not directly, for any harm or loss brought about or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.


Picture credit: Shutterstock, McAfee Magic, Twitter, and Pixabay.


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Tags on this story
arb, BCH, bitcoin money, BTC, crypto change, dashboard, ERC20, ETH, Alternate Connector, Freedomcoin, McAfee, McAfee Magic, buying and selling platform, U.S. Authorities
Jamie Redman

Jamie Redman is a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open supply code, and decentralized purposes. Redman has written 1000’s of articles for information.Bitcoin.com in regards to the disruptive protocols rising immediately.

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