CZ Questions Legitimacy of TON’s UAE Golden Visa Offer
Binance founder Changpeng Zhao (CZ) is raising red flags over a $TON Foundation initiative that claims staking $100K in TON for 3 years, plus a $35K fee, will secure a 10-year UAE Golden Visa. While the news triggered an 11% rapid price spike in Toncoin, CZ urged caution, highlighting that no official UAE government body has confirmed any partnership .
🚨 What’s the Claim?
The TON Foundation and its partners announced that staking Toncoin — alongside a hefty fee — could grant visa access without traditional real estate or business investment. They even promise approval in as little as seven weeks and yield 3–4% APY over three years .
❗ UAE Authorities Deny the Buzz
UAE regulators (ICP, SCA, VARA) have publicly dismissed this golden visa claim. They made it clear that digital currency staking is not part of any visa-qualifying criteria, urging investors to rely on official channels .
🐳 CZ Weighs In
CZ, who holds a UAE Golden Visa himself, questioned the program’s legitimacy on social media:
> "Is this real? … no gov websites confirm it" .
He advocates a “trust but verify” mindset before staking significant amounts.
📊 Market Response & On-Chain Reaction
After the announcement, TON’s price soared around 10–12%, but it pulled back once UAE regulators spoke out . On-chain metrics still show elevated volumes, signaling investor uncertainty.
🧠 Trader’s Take
Bull case: If the claim proves legitimate, it’s a revolutionary utility use-case — expect a fresh bull run.
Risk alert: Regulatory pushback is strong, and official denials suggest this may be speculative hype.
What to watch: Look for UAE government endorsement, clarified licensing details from TON, or continued pressure from CZ.
⚖ Conclusion
This could become a breakthrough token utility—or a cautionary tale in crypto hype. Until official confirmation arrives, mark this as a speculative spike.
