Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Andrew Tate’s $100M Crypto Launch Proposal Draws Criticism

Andrew Tate’s $100M Crypto Launch Proposal Draws Criticism

DailyCoinDailyCoin2024/02/02 21:04
By:DailyCoin
  • Andrew Tate’s recent post suggested a reverse stance on crypto.
  • The social media personality shared a big announcement before deleting it.
  • The announcement drew criticism from keen observers.

Flamboyant entrepreneur and social media personality Andrew Tate stirred heated discussions online on Friday after revealing plans to launch his flagship cryptocurrency and back it with millions of dollars.

In a now-deleted post shared on February 2, the self-proclaimed “most famous man alive” told his 8.7 million followers to give him 50K retweets and “it’s a done deal” to launch the cryptocurrency.

Per the deleted post, the cryptocurrency would be backed by $100 million of Tate’s “own money,” which he promised never to divest.   

While Tate’s followers might have welcomed the news, as the influencer promised them an “early discount” on top of making them rich by promoting the coin “everywhere,” notable crypto personalities quickly bashed the idea.

Andrew Tate’s Reverse Stance on Crypto Draws Criticism

Despite deleting the post, Tate’s original announcement didn’t fly under the radar of keen observers, including Stephen Findeisen, a.k.a. Coffeezilla, a popular YouTuber who investigates online scams.

Taking to X, Coffeezilla referred to Andrew Tate’s possible cryptocurrency as a “crypto scamcoin,” noting that the social media personality had backtracked on his earlier sentiments and skepticism about crypto projects.

Andrew Tate is launching a crypto scamcoin.

Last year: "I DO NOT HAVE ANYTHING TO DO WITH ANY CRYPTO… I don't need to rob my fans" pic.twitter.com/25ivGTqpKp

— Coffeezilla (@coffeebreak_YT) February 1, 2024

Coffeezilla was referring to a last year X post of Tate telling his followers that “he did not have anything to do with crypto” projects or their endorsement. Tate reiterated that he was not a “scammer like every other influencer,” noting that he didn’t need to “rob” his fans.

The social media influencer had not shared any other update on the crypto project at press time.

Read about crypto influencer Ben Armstrong quitting his show:
Ben ‘Bitboy’ Armstrong Quits Daily Crypto Livestream Shows

Stay updated on Bitboy’s recent charity plea:
‘BitBoy’ Charity Plea Met with Skepticism and Mockery

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Litecoin, HBAR ETFs by Canary Capital Triumph in Vital Nasdaq Listing Stage

Amidst a Favorable Regulatory Climate, Canary Capital Advances in the Crypto ETF Space with Litecoin and HBAR Filings

Coineagle2025/10/28 23:57
Litecoin, HBAR ETFs by Canary Capital Triumph in Vital Nasdaq Listing Stage

Explosive Interest in MegaETH Layer-2 ICO: $360M Pledged in Mere Minutes

Final Allocations to be Determined by Community Engagement Metrics, Following Rapid Oversubscription

Coineagle2025/10/28 23:57
Explosive Interest in MegaETH Layer-2 ICO: $360M Pledged in Mere Minutes

Massive Buybacks Lead to 1.29B PUMP Withdrawal from Pump.fun Rally

Whale Sparks Market Activity by Withdrawing Over a Billion Tokens as Pump.fun's Buybacks Surpass $150 Million

Coineagle2025/10/28 23:57
Massive Buybacks Lead to 1.29B PUMP Withdrawal from Pump.fun Rally

BlackRock, Goldman Sachs Among 100+ Participants in Circle’s Arc Public Testnet Launch

Unveiling Arc: A New Blockchain Utilizing USDC as Native Gas Token with Major Tech and Financial Giants in the Testing Phase

Coineagle2025/10/28 23:57
BlackRock, Goldman Sachs Among 100+ Participants in Circle’s Arc Public Testnet Launch