The TON Foundation recently sparked a wave of discussions by announcing the UAE's 'golden visa' program for investors who stake $100,000 in $TON for three years. However, following statements about partnerships with UAE authorities, three government agencies in the Emirates denied any official involvement in the initiative. In response, the TON Foundation published a clarification on July 7, 2025, stating that the program is being implemented through a licensed partner, not the UAE government, and does not guarantee visa issuance.
The project is in its early stages, and its details are still being clarified. Critics, including Changpeng Zhao (CZ), have called the TON Foundation's statement misleading due to the lack of government support and the high fee of $35,000 for participation. This has raised concerns about the reputation of Toncoin, as such initiatives could undermine trust in the project.
The TON Foundation emphasized that the program is aimed at attracting investors to the ecosystem, but candidates must meet the UAE's criteria for 'golden visas,' which are typically granted to scholars, entrepreneurs, or major investors. The further development of the situation may affect the perception of TON in the crypto community.
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