Recently, the TON Foundation, led by Max Crown, announced a Golden Visa program for Toncoin holders, sparking interest in the crypto market and changes in token prices.
What is the Toncoin Golden Visa?
The Toncoin Golden Visa program, initiated by the TON Foundation, offers token holders the chance to obtain a 10-year UAE visa with an investment of $100,000 in TON and a $35,000 fee. This initiative comes amid a growing trend of investment citizenship through cryptocurrencies.
Market Reactions and Expert Opinions
Following the announcement of the program, the price of Toncoin surged by 10-12%. The increased trading volume also indicates significant community interest. However, Changpeng Zhao, former CEO of Binance, emphasized the need for government partnership confirmation, stating: 'I trust Pavel Durov, but always trust but verify. Such government programs usually require an official government partnership and clear announcement.'
Risks and Prospects of the Program
While the initiative has captured the attention of distributed investors, the lack of formal approval from UAE authorities raises skepticism among experts. Increased staking activity in Toncoin reflects investor interest, yet reliance on private capital inflows carries risks associated with the absence of regulatory oversight. The success of the program could potentially lead to further development of immigration programs linked to blockchain technology, but a lack of clear guidelines may pose challenges in execution.
The Golden Visa program for Toncoin holders opens new opportunities in the world of cryptocurrencies and immigration; however, careful risk assessment and government support are essential.
