McAfeeMagic: John McAfee’s Crypto Trading Platform
McAfeeMagic: John McAfee’s Crypto Trading Platform
Following the launch of his credit card, John McAfee announced his new trading platform McAfee Magic on June 11, 2019. The project allows manual and automatic cryptocurrency trading on various exchanges.
The Man behind the Magic
John Mcafee is likely one of the most controversial characters in the crypto community.
As discussed on BTCManager, the cybersecurity expert launched an “unhackable” cryptocurrency wallet that was easily compromised only a few months later. In the summer of 2018, the Securities and Exchange Commission (SEC) threatened legal action to his ongoing ICO promotions.
More recently, in April 2019, he declared that he wanted to reveal the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. He ended up changing his mind within a week after claiming that such a move could damage his case against the United States from his current hide out in the Bahamas.
As of late, McAfee is now onto his next adventure. On June 11, the eccentric British-American cryptocurrency evangelist announced the launch of his cryptocurrency trading platform McAfee Magic.
Sorry to be late with my magnum opus trading platform, but I did not anticipate having to mud wrestle the Bahamian Police Commissioner along with dodging assasins this week. But better late than never. Here it is. (Next week the debit cards)https://t.co/boglMOWrCv
— John McAfee (@officialmcafee) June 11, 2019
The platform is supported by Arbitraging and integrates the ARB token, an ERC20 token. McAfee’s goal is to completely change the experience of a trader by making it, as the name suggests, “magical.”
Combining both automated and manual trading on eight different exchange platforms with more than 500 cryptocurrencies, McAfee aims to deliver an integrated trading experience while still maintaining a smooth, single interface.
One of the main innovations is the shadow trading feature which allows users to copy the moves of the most-experienced traders on the market. This will facilitate the entry of less-experienced users who will be able to make investment choices based on crowdsourced information.
WE ARE UP!!!!!
The hackers are banished to the writhing mass of nothing from which they came.https://t.co/5jRN3sSyUg is up, live, and waiting for your caress.
I believe the wait was worth it. Tidbits of the Magic listed below. Enjoy my friends, followers and detractors. pic.twitter.com/xksFrVwUQm
— John McAfee (@officialmcafee) June 12, 2019
The McAfee tweet also provides other information about platform features as “Trailing” for all eight exchanges, even if the feature is not enabled on a particular platform. A stop-loss option also exists for all trading pairs as well as placing buy and sell orders simultaneously.
In essence, McAfee Magic takes all the functions available on various exchanges and tries to integrate them in a single solution to improve the trader’s experience and make this branch of the market accessible and eventually profitable even to newcomers.
But, it’s not all roses.
The platform debuted on June 12, 2019, but after having faced some technical difficulties caused by a hacking attempt, the site shut down. After having moved the IP address to Texas, McAfee said he was able to track down the alleged Belize-based hackers.
The market is chock full of projects using trading bots that claim to have the secret to becoming a crypto millionaire. Only time will tell if the infamous John McAfee can compete.
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