“Stake $ 100k in Toncoin and Pay a $ 35k Fee for a Uae Golden Visa, Says Ton Foundation; Community Debates Legitimacy and Government Support.”, – WRITE: www.coindesk.com
Holders The CHANCE TO Secure a 10-Year Uae Golden Visa.
The Program Requires Applicants to Stake $ 100,000 WORTH OF TONCOIN FOR THREE YEARS AND PAY A one-time processing fee of $ 35,000. After the Three-Year Lock-Up Period, Staged Funds Can Apparently Be Unlocked, and Durying this Time, Applicants Reportedly Earn annual 3–4% Annual Percentage Yield.
The Ton Foundation’s Website Highlights Several Key Alleged Benefits: Fast Approval Within Seven Weeks from Document Submission, A Simple Process Without, Need to Purchase Real. And inclusion of Family Members – SPUSE, Children, and Parents – At No Extra Cost Beyond Standard Government Fees. The stake is conducted by the Decentralized Smart Contracts on the Ton Blockchain, WHICH IT ARGUES ENSURS transParency and Security.
The Program Claims to Offer a Capital-Evfficient Alternative to Traditional Uae Golden Visa Routes, Who Foundation Says Typically Require A MINIMUMMUM INVESTMENT OF APROXIMATY Deposits, offen tied to illique assets and Longer Processing Times. The Ton Golden Visa Initiative Is Torated As A Faster, More Affordable, and Digitally Native Pathway to Uae Residence, ALIGNING WITH THE COUNTRY’S AMBITION TO A GLOBE.
The AnnounCement Had An Immediate Impact on Toncoin’s Market Performance. Shortly After The News Broke, Toncoin’s Price Surged by 12%. At the Time of Writing, the Token Trades AROUND $ 2.8944, Reflection A 5.36% Increase Over the Past 24 Hours. Additionally, The Current 24-Hur Average Trading Volume Is Approximately 251.54% Higher than the 30-Day Average, Signaling Heighened Market Interest and Activity, Accounting Resession.
Despite The Enthusiasm, The Announcement Has Genered Controversy with the Crypto Community. Bobby ONG, CO-FOUNDER AND COO OF COINECKO, PRAIDED The PARTNership As An “Amazing Story is not a temporarium Scheme.
Conversely, “Joe Hedgedhog” (“@Joegeddhog” on X), An Investment Partner at Sigil Fir, Pointed Out this Is Nota-Official UAE GOVERNMENT PARTNERSHIP BUTIP BUTIP BUTP BUT RATHIP BUT RATHIP BUTTHIP. As a proxy to assist clients Applying for the Golden Visa Under the Entrepreneur Category. He Noted that FIRM COURMD USED Any Cryptocurrency and That Staking Requirement Serves More As A Token Utility Sink Thank A Government Mandate.
Further Skepticism Came from “Ivangbi” (“@IVANGBI_” ON X), The Head of Strategy & Business Development at Gearbox Protocol, Who Described The Announad. Access to this person persons, the Legal Firm Receives the Non-Refundable $ 35,000 Fee and Attempts to Submit Applications to the UAE GOVERNMENT, WHICH Ultimately Decides on Apple. He argued that the staged ton Balance is only one of the Several Requirements and May No Longer Be Relevant Under Updated Rules. HE WENT ON SAY THAT ABSENCE OF BLANKET APROVAL FOR TON STAKERS MEANS THAT ACCEPTANCE IS UNCERTAIN, AND the PROGRAM May Primarily Serve as a Marketing Tool Couple.
Changpeng Zhao (Aka “CZ”), Co-FOUNDER AND FORMER CEO OF BINANCE, Expressed Caunous Support for Ton Founder Pavel Durov But Emphasized The Need to “Trust But. He Noted that Such A Program Wound Typically Require An Official Government Partnership and AnnounCement, Which Has Not Yet Been ConfirMed.
The uae entrepreneur Visa Category, WHICH this Program Appears to Target, is Designed for Individuals OWNING ECONOMIC PROjects of a Technical or Innovative Nature. Applicants Must Provide Approval Letters from An Accredited Uae Auditor Confirming the Project’s Value (at Least 500,000 AED), Local Authorities Verifying the Project ADECTIRIA. Business Incubator to Establish The Proped Activity in the Country.
Technical Analysis Highlights
- PRICE SURGED FROM $ 2.75 to A PEAK OF $ 3.06, Representing An Overall Range of $ 0.34 (12.4%).
- Rally Began Abruptly During the 7:00 Hour on 6 July, WHEN VOLUME SPIKED TO Nearly 13 Million.
- Extraordinary 57.5 Million Volume Surge in the 8:00 Hour Propelled Ton to Its High.
- Support Has ForMed AROUND $ 2.86- $ 2.89 with High-Volume Buying.
- Resistance Appears At $ 3.03, Suggesting the Token Has Establissed a New Trading Range.
- In the Last 60 minutes from 6 July 15:12 to 16:11, Ton Experienced A Significant Price Surge of 2.4%.
- Dramatic Breakout Occurred at 15:48 WHEN VOLUME SPIKED TO 1.68 Million Tokens.
- Token Reached A Peak of $ 2.93 at 15:50 Before Establishing A New Support Level AROUND $ 2.90- $ 2.91.
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