Famous cybersecurity skilled and whimsical crypto fan John McAfee has simply introduced a cryptocurrency buying and selling platform.
Dubbed “Magic,” the website is touted as permitting customers to “business cryptocurrencies on a couple of exchanges inside of a unmarried dashboard, mechanically and manually.”
Significantly, the change seems to be non-custodial, with customers’ crypto holdings final on 8 different change platforms. When a business is done, price range are transferred from the ones accounts to compete the transaction. To set this up, customers will want to plug in APIs from their different exchanges.
Two “portals” are on be offering, one for standard spot buying and selling, the opposite for “shadow buying and selling,” through which a person’s trades shall be set to imitate the ones of pro-level investors who’re “ranked by way of the group by way of their buying and selling luck,” McAfee indicated in a tweeted symbol.
Different options come with the “set and overlook” skill to set purchase and promote orders on the identical time. Customers too can use the platform to make auto trades on their behalf. There aren’t any jurisdictional restrictions on who can use the change.
In regards to the safety on be offering, the Magic’s FAQs say that the website is hosted on “best grade” Amazon Internet Provider servers that include DDoS coverage and will “scale on call for.”
The website additionally reads: “We’re simplest freeing this platform to the general public after intensive trying out and auditing processes that stretched months.”
Magic turns out to have confronted a DDoS assault even earlier than release. In a pre-launch tweet, McAfee quipped:
“McAfeeMagic.com nonetheless beneath assault. New I.P. cope with in Texas. The extra this is going on, the nearer we get. Amazon AWS servers are “finding out” the assault and shall be up in a while. Make amends for paintings, make out together with your spouse or “flash” a random stranger and video whilst you wait.”
It must be famous, we don’t suggest taking his recommendation.
Simply 10 days in the past, McAfee additionally introduced he would release a cryptocurrency dubbed the “McAfee Freedom Coin” q4.
Reasonably confusingly, he mentioned on the time:
“The McAfee Freedom Coin is designed to confront the issue of change head-on… It isn’t in keeping with any commodity neither is it attached to the price or conduct of any exterior merchandise or entity. The worth of the coin will at all times be 0 with regards to some other foreign money but it’s herbal marketplace worth is loose, totally, to develop.”
Alternatively, the token does now not appear to be connected to the operation of recent change, no less than now not but. The Magic website says it is going to use the gasoline (ARB) ERC-20 token from a undertaking referred to as Arbitraging.
John McAfee symbol by way of Gage Skidmore (Ingenious Commons)