"Top-level illegal securities violation" - Fans react to Andrew Tate announcing new TRW token "backed by profits of The Real World" 

Fans reacted to Andrew Tate's recent business venture - a token that enables investors to invest in his company, 'The Real World.' The company claims to be an educational platform that teaches people the skills to become wealthy and enjoy financial freedom. However, it has been criticized for the apparent lack of meaningful education.

Recently, Tate announced that he will launch a token backed by the profits of 'The Real World' and explained how investors can make a profit through that:

"This token is going to be backed by the profits of the Real World. The Real World, as an entity, generates around $20 million a month in profit. That's all going to be pushed back into the token. Depending how much of the token you own, depends how much of The Real World you own."

He added:

"If you own 10 percent of the token supply, you own 10 percent of The Real World, which is $2 million per month. So you're going to stake it based on the profit that TRW generates. So, it's effectively being able to purchase and gain control of a percentage of the largest online educational platform in history."

Check out Andrew Tate's comments below (0:08):

Fans took to the comments section of the video re-posted by @VentureCoinist on X.

"Top-level illegal securities violation. Let's get rekt together," @Mindless_btc commented.

"Will the serial scammer that has been scamming in crypto since 2018 scam again? No one could possibly know," @ByzGeneral commented.

"And who audits what profits are generated by the business lol? Another scam that children will fall for," @im_goomba commented.

"He really hates being free man it seems," @WebTrendsCo commented.

"It's also a haram coin because he makes money from only fans and casinos," @Crypt0_Titan commented.

"I REALLY want to see Tate defend himself at the SEC trial..." @DamnYeahCrypto commented.

"Looking forward to the rugpull and all the victims appear on @coffeebreak_YT video for an interview," @WelcomeNowLeave commened.

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Andrew Tate claims that purchasing his TRW token will make people "rich forever"

Andrew Tate previously launched the DADDY Meme coin, which has close to a $100 million market capitalization. It's value reportedly jumped nearly 35 percent after Tate urged his followers to invest as much as they can in the next 72 hours.

Speaking further in the aforementioned video, Andrew Tate claimed that buying his token backed by 'The Real World' is a sureshot ways of getting rich. He also explained why the TRW-backed token is a better investment option than cryptocurrency:

"It doesn't matter about crypto. Crypto can blow up tomorrow. They can make some ridiculous legislation - which won't happen - crypto is here to stay. My point is, once you own a percentage of a real cash-generating business, you're rich forever. That's it, it's done. You own 10 percent of the largest university in the world." [1:30]

The legality of the company-backed token proposed by Tate is not clear. This article attempts to inform readers about how social media readers reacted to the video and does not intend to influence the investment decisions of readers.