UAE Shuts Down Rumors
A few articles fueled by a post on X and an official page on Telegram’s Open Network (TON), highlight how TON was offering an interesting initiative. In detail, the initiative revealed a 10-year UAE Golden Visa to investors who stake $100,000 worth of TON tokens for three years. Despite the incredibly positive response from the crypto community, the UAE shuts down rumors almost immediately.
The official TON website page went on to explain how this new scheme was to work. The process of staking $100,000 worth of TON for three years in a transparent and verifiable fashion was expected to ensure that investors retain control of their funds throughout the lock-up period. In addition to the staking requirement, there was supposed to be a one-time government processing fee of $35,000.