BREAKING: Following a Fake Announcement, There is Now Turmoil in Toncoin (TON) Management

The TON Foundation, the community of developers behind Toncoin (TON), is rethinking its marketing strategies following the recent “fake partnership” controversy. The Foundation announced on LinkedIn that it is looking for a new VP of Marketing.

Last weekend, The Open Network (TON), which is affiliated with the TON Foundation, made a striking announcement. The statement claimed that by depositing at least $100,000 worth of Toncoin (TON) and paying a $35,000 transaction fee, investors could obtain a 10-year United Arab Emirates (UAE) Golden Visa within seven weeks.

However, this claim was quickly denied by the UAE authorities. The UAE Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Virtual Assets Regulatory Authority (VARA) and the Securities and Commodities Authority (SCA) issued a joint statement stating that cryptocurrency investors are not eligible for the Golden Visa.

The statement included the following statements:

“Golden visas are granted in accordance with clear and officially approved frameworks and criteria, which do not include digital currency investors.” Eligible applicants include real estate investors, business people, high-achieving students, scientists and front-line workers.

VARA also warned investors to only work with licensed and regulated firms for cryptocurrency-related services.

*This is not investment advice.

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