The TON Foundation announced a UAE Golden Visa program that requires applicants to stake $100,000 worth of toncoin for three years and pay a $35,000 fee. This initiative is positioned as a faster, more affordable alternative to traditional UAE residency routes, which usually necessitate investments of around $540,000. Following the announcement, toncoin's price surged by 12%, reaching about $2.89, with trading volumes significantly higher than average. While the program promises quick approval and family inclusion, the crypto community has expressed skepticism regarding its legitimacy and governmental backing. Critics argue that the initiative lacks an official government partnership and may primarily serve as a marketing strategy rather than a well-supported residency option. Despite this controversy, some market analysts view the program positively, suggesting it could attract significant investments and support for toncoin. Overall, while the announcement has led to immediate market gains for toncoin, doubts remain about the long-term viability and official endorsement of the initiative.

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