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July 6, Max Crown, CEO of the TON Foundation, notified to x pioneering initiative offering toncoin
Holders of the chance to ensure a 10 -year gold visa of the United Arab Emirates.
The program requires applicants to bet $ 100,000 in Toncoin for three years and pay a one -time processing fee for processing $ 35,000. After a three -year locking period, the set resources can be unlocked and the applicants allegedly earn an estimated 3-4% of the annual percentage of yield during this period (APY) on their set chips.
Web pages of the TON Foundation most important Several key alleged advantages: rapid approval within seven weeks of submitting the document, a simple process without the need to purchase real estate or fulfill the income thresholds and the integration of family members – spouses, children and parents – without additional costs over standard government fees. Betting is carried out through decentralized intelligent contracts on Ton blockchain, which they claim to ensure transparency and safety.
The program claims that it offers a capital alternative to the traditional Gold Visas of United Arab Emirates, which claims that the TON Foundation usually requires a minimum investment of approximately $ 540,000 in real estate or fixed deposits, often linked to non -visible assets and longer processing times. The Ton Golden Visa initiative is offered as faster, more affordable and digitally native way to the stay of the United Arab Emirates, which is in line with the ambition of the country to become a global crypt and web3 mushrooms.
The announcement had an immediate impact on Toncoin’s market performance. Shortly after breaking the news, the Toncoin price increased by 12%. At the time of writing, the token trades around $ 2.8944, reflecting an increase of 5.36% in the last 24 hours. Moreover, the current 24 -hour average trading volume is approximately 251.54% greater than the 30 -day average, according to the model of technical research analysis, Coindesk Research increased interest and activity signaling.
Despite enthusiasm, this announcement caused controversy in the crypto community. Bobby ong, co -founder and COO from coingecko, praised Partnership as a “amazing story” that could attract whales and provide strong support for Toncoin, although he expressed hope that the initiative is not a temporary scheme.
On the contrary, “Joe Hedgedhog” (“@Joehedgedhog” on x)Investment partner at Sigil Fund, he stressed that it is not an official government partnership of the SAE, but rather a legal company of a third party that uses TON as a proxy that helps clients to ask for a gold visa in the category of entrepreneurs. He noted that the company could use any cryptocurrency and that the download requirement serves as a storage tool rather than a government mandate.
Other skepticism came from “ivangbi” (“@IVangbi_” on x)Head of Strategy and Development of Business on the Gearbox protocol, which described this notice as misleading. According to this perspective, the legal company receives an irreversible fee of $ 35,000 and attempts to submit applications to the UAE Government, which will eventually decide on approval. He argued that the balance in the depression is only one of several requirements and according to the updated rules may no longer be relevant. He continued that the absence of a blanket of approval for Ton Stakers means that acceptance is uncertain and the program can primarily serve as a marketing tool associated with token usefulness.
ChangPeng Zhao (aka “cz”)co -founder and former CEO of Binance, expressed Careful support for the founder Ton Pavel Durov, but emphasized the need to “trust but verify”. He noted that such a program would usually require official government partnership and announcements that have not yet been confirmed.
The category of the UAE business visa, which this program focuses on, is intended for individuals who own economic projects of technical or innovative nature. Applicants must provide approval of letters from an accredited auditor of UAE confirming the value of the project (at least 500,000 AED)Local authorities verify the innovative character of the project and the accredited SAE trade incubator to create the proposed activity in the country.
Emphasizing technical analysis
- The price increased from $ 2.75 to the top of $ 3.06, which represents a total range of $ 0.34 (12.4%).
- The rally suddenly started at 7:00 pm on July 6, when it increased the volume to almost 13 million.
- The extraordinary 57.5 million volumes at 8:00 am drove a ton to its high.
- The support created around $ 2.86-2.89 with a high volume purchase.
- Resistance occurs at $ 3.03, indicating that the token has created a new business range.
- In the last 60 minutes from 6 July 15:12 to 16:11, a ton experienced a significant price increase of 2.4%.
- The dramatic escape occurred at 15:48 when the volume increased to 1.68 million chips.
- Token reached a peak of $ 2.93 at 15:50 before determining a new level of support around $ 2.90-2.91.
Renunciation of responsibility: Parts of this article were created with the help of AI tools and reviewed our editorial team to ensure accuracy and observance our standards. See more information Complete policy of AI of Coindeska.
