TLDR
- The TON Foundation announced a staking program promising 10-year UAE visas for $100,000 in Toncoin.
- UAE authorities officially denied any connection to the Toncoin visa offer and confirmed it is not government-approved.
- The announcement gained traction after Binance founder CZ expressed interest in a similar idea for BNB Chain.
- CZ later dismissed the Toncoin campaign after verifying its lack of official backing and regulatory approval.
- The Toncoin website continues to promote the program despite backlash from the community and UAE officials.
A recent Toncoin announcement has drawn global attention, only to be swiftly dismissed by UAE officials as false. The TON Foundation promoted a program offering 10-year UAE visas in exchange for staking $100,000 in Toncoin. Authorities have denied any association, confirming there is no official partnership or approval for such a scheme.
