search
Homeweb3.0Andrew Tate Announces New Token $TRW That Lets You Receive Percentage of Profits From His Business

Former professional kickboxer Andrew Tate recently shared his thoughts on the current state of the cryptocurrency market in an extensive interview.

Andrew Tate Announces New Token $TRW That Lets You Receive Percentage of Profits From His Business

Former professional kickboxer and self-proclaimed internet personality Andrew Tate has announced plans to launch a new cryptocurrency token called $TRW. According to Tate, the token will entitle holders to a percentage of the profits generated by his business, TRW. In a video posted on his YouTube channel on June 29, Tate stated that the token will be pegged to his business's earnings, with an estimated $2 million in monthly profits.

"If you own 10% of the token, you own 10% of TRW which is $2M a month. You will be able to stake it based on the profit TRW generates," Tate explained.

The announcement has sparked interest among crypto enthusiasts, with some speculating on the potential financial gains and others highlighting the risks involved in such a venture. Notably, Tate's plans to integrate his business profits with the cryptocurrency token have drawn attention.

On July 3, crypto influencer Luke Martin shared his thoughts on Tate's cryptocurrency venture on his social media platform. Martin highlighted Tate's aim to launch a cryptocurrency token that would allot a percentage of his business profits to token holders. This approach is designed to allow token holders to stake their tokens and receive profits generated by Tate's business, which reportedly amount to around $2 million a month.

Martin further explained that the token would be pegged to the profits of Tate's business, TRW, which generates an estimated $2 million a month. According to Martin, token holders would be able to stake their tokens and receive a percentage of TRW's profits, based on the proportion of tokens they own. For instance, if a token holder owns 10% of the total $TRW tokens in circulation and TRW generates $2 million in profits for a given month, the token holder would be entitled to $200,000 in profits.

However, Martin also noted a significant risk associated with this model. He highlighted that while the idea of passing revenues directly to token holders is appealing, it could attract major regulatory scrutiny, particularly from the U.S. SEC. According to Martin, such scrutiny arises because a structure of this nature is not commonly employed due to the potential legal challenges it poses. He suggested that Tate's strategy could either lead to substantial financial gains or result in a lengthy and costly legal battle with the U.S. government.

"This is either going to end up making everyone that buys this token a lot of money, or Andrew Tate is going to be in a multi-year SEC investigation and legal battle with the U.S. government," Martin said in his commentary on Tate's cryptocurrency venture.

The above is the detailed content of Andrew Tate Announces New Token $TRW That Lets You Receive Percentage of Profits From His Business. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Apr 12, 2025 am 11:42 AM

We all watched Bitcoin decline after the massive tariffs imposed by Donald Trump and rebound when he eased them for everyone but China.

A Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsA Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsApr 12, 2025 am 11:40 AM

In today's fast-paced blockchain world, building a crypto application that seamlessly interacts with multiple networks shouldn't take hours or require juggling endless APIs.

Can Cardano (ADA) Really Hit $2 in 2025?Can Cardano (ADA) Really Hit $2 in 2025?Apr 12, 2025 am 11:38 AM

The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Apr 12, 2025 am 11:36 AM

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000 in the afternoon. Although recovering some of its earlier losses

FARTCOIN Price Prediction:  Can This Meme Coin's Price Continue Its 250% Surge?FARTCOIN Price Prediction: Can This Meme Coin's Price Continue Its 250% Surge?Apr 12, 2025 am 11:34 AM

FARTCOIN has been one of the standout performers in the meme coin space, with its price soaring nearly 250% over the last 30 days.

Bitcoin (BTC) Price Risks Drop To $74,000 If This HappensBitcoin (BTC) Price Risks Drop To $74,000 If This HappensApr 12, 2025 am 11:32 AM

Crypto analyst Saeed has outlined a bearish case for the Bitcoin price, predicting that it could still drop to as low as $74,000.

Grayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsGrayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsApr 12, 2025 am 11:30 AM

Grayscale Investments has released its updated “Assets Under Consideration” list for Q2 2025, highlighting a new batch of altcoins that may be featured in future crypto investment products.

Coldware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpColdware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpApr 12, 2025 am 11:28 AM

The world of cryptocurrency regulation is heating up, with the SEC actively seeking advice from major players like Uniswap (UNI) and Coinbase.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.