TON Foundation Launches 10-Year Golden Visa Initiative
- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Toncoin saw a 10–12% price surge.
- UAE authorities have yet to confirm the program.
The introduction of Toncoin’s Golden Visa has significant implications for blockchain residency, sparking a surge in the token’s value and trading activity.
The TON Foundation, led by Max Crown, launched a new initiative to offer Toncoin holders a 10-year UAE Golden Visa. This program requires a $100,000 TON token stake and a $35,000 fee. Changpeng Zhao, former Binance CEO, expressed caution, emphasizing the need for government partnership confirmation. As Zhao said:
“I trust Pavel Durov, but always trust but verify. Such government programs usually require an official government partnership and clear announcement.”
Toncoin’s market value increased by 10-12%, influenced by strong trading volume and community buzz. The scheme lacked formal approval from UAE authorities but aligns with investment-for-residency trends. Despite the excitement, the absence of a confirmed official partnership brings skepticism from market experts.
Increased staking activity reflects investor interest, yet the reliance on private capital inflow carries risks without regulatory oversight. The initiative’s potential success could spur further blockchain-related immigration programs but the absence of clarified guidelines could lead to challenges in execution.
