John McAfee, a cybersecurity expert and proponent of crypto assets, announced the launch of his own crypto exchange, called Magic.
The Magic platform allows its users to trade cryptocurrencies on various trading platforms automatically or manually, using only the Magic system. The exchange, apparently, is not castodial, the users' funds remain on the exchange platforms with which Magic cooperates, currently there are eight of them. At the time of making a deal, or funds from the exchanges are written off, to configure, users need to perform integration between Magic and the desired trading platforms through the API.
Magic users have access to spot trading and "shadow" trading – this trade provides the ability to copy the strategies of traders, the level of which is defined as "professional", the ranking is based on the success of transactions.
In addition, users can use the “set and forget” function, which allows traders to create buy and sell orders at the same time. It is noteworthy that there are no restrictions on the representatives of which jurisdictions can use the services of the exchange.
John McAfee also announced that the launch of the McAfee Freedom Coin cryptocurrency will take place this fall. It is known that the coin is not associated with the value of any product or currency. It is noted that the value of McAfee Freedom Coin will always be zero to any other fiat currency, the natural value of the McAfee coin implies free growth.
