Posted: February 2, 2024 6:14 AM Updated: February 2, 2024 6:15 AM
Edit and fact check date: February 2, 2024, 6:14 AM
briefly
Andrew Tate is considering launching his own digital token, despite previously refraining from entering the cryptocurrency space.
British-American influencer and businessman Andrew Tate It appears to be exploring the cryptocurrency sector and considering launching a digital token. However, his stance on cryptocurrency is ambivalent. In a recent post on social media platform X, Andrew Tate engaged with his wide follower base by posing a question.
The influencer suggested the following for the “Crypto Twitter” community:
“If I launch a coin, back it with 100 million of my own money, and never sell it, I will allow University.com members to get in early at a discounted price.” Notably, University.com is a platform owned by Andrew Tate that provides educational services to individuals aspiring for financial success in “The Real World.”
Andrew Tate also cited his reputation as an additional factor supporting the expected success of the proposed cryptocurrency. He then declared, “I am the most famous person alive, so I will promote it everywhere so that you all can potentially benefit.”
The businessman later said he would go ahead with his plans if the publication got 50,000 retweets. Although the cumulative number of retweets exceeded 10,000, the post appears to have since been deleted.
Andrew Tate’s “free” NFT offer sparks debate among followers
What makes the proposal for a new cryptocurrency interesting is that Andrew Tate has previously expressed strong criticism of cryptocurrencies. Last year, Andrew Tate insisted that unlike “every other influencer” he does not exploit his followers. “I am not affiliated with any cryptocurrency,” he emphasized in capital letters.
The influencer stated that he does not support altcoins that he deems worthless.
Instead, the entrepreneur offered to give away a free non-fungible token (NFT) with every purchase on his product website, at no additional cost. According to the influencer, NFTs are provided for free, mitigating the risk of financial loss for supporters. This approach aims to create a scenario where anyone who supports Andrew Tate can profit without any financial risk.
However, the promotion was immediately criticized by users who raised concerns that they would have to purchase a $75 t-shirt to get the ‘free’ NFT. Some people have questioned the reason for this particular pricing strategy.
Andrew Tate’s entry into the cryptocurrency sector, considering the launch of digital tokens, marks an interesting change considering his past critical stance on cryptocurrencies, and his promotional efforts face scrutiny and criticism.
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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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