Rumors of a potential 10-year UAE visa for staking Toncoin attracted interest within the crypto community, but the information has been officially denied.
Origins of the Visa Rumors
On July 5, the TON Foundation announced a program that purportedly offered 10-year UAE residency to those staking $100,000 worth of Toncoin. The promise of high returns and low risk made this offer a hot topic of discussion.
Official Response from UAE
Following the growing interest and reactions, including commentary from Binance founder Changpeng Zhao, the Emirates News Agency issued an official denial, stating that the visa program does not exist and that Toncoin is not accredited for such purposes.
Reaction from Binance Founder and Community
Changpeng Zhao, commenting on the situation, responded with a laughing emoji, describing Toncoin's marketing as 'aggressive and misleading'. He urged the community to be cautious and verify bold claims. The community also expressed dissatisfaction, indicating damage to the project's reputation.
Despite ongoing criticism, TON has yet to retract its announcement regarding the program, and the information remains available on their website.
