Binance's founder, Changpeng 'CZ' Zhao, has commented on a new offer by TON regarding obtaining a UAE golden visa through token staking.
CZ Voices Concerns Aboard Visa
Changpeng Zhao noted that the information regarding the new visa has not been verified by the UAE government. He urged the crypto community to 'trust but verify' before making any commitments. This caution comes amid a rising trend in real-world applications of cryptocurrencies.
Could BNB Be Next?
CZ hinted that if the TON program proves legitimate, Binance may push for a similar initiative using BNB. This would provide BNB holders with the potential for long-term UAE residency through staking.
What Makes the TON Visa Offer Unique?
The TON initiative claims to be a simpler and more cost-effective route to UAE residency compared to traditional investments. Participants stake $100,000 in TON tokens instead of investing over $500,000 in real estate. The application process is reported to take less than seven weeks, but experts express skepticism over the lack of official audits and government partnerships.
The idea of obtaining a UAE golden visa through crypto staking is appealing for global investors, but it is critical to seek official confirmation before proceeding.
