TON Promised a Visa. UAE Said ‘Not So Fast.

[encrypted]

TON Promised a Visa. UAE Said ‘Not So Fast.

— by Encrypted

Look, I’ve been in this game since Mt. Gox and whitepaper PDFs — and let me tell you, I can smell overhype from a mile away.

So when I saw TON pump 10% on some golden visa story? I already had one eyebrow raised.

The claim? That staking $100K worth of Toncoin for 3 years (plus a $35K fee) would get you a 10-year UAE golden visa. Wild. Even crazier — some folks took it as gospel after The Open Network posted it and Pavel Durov gave it a soft cosign on X.

But here’s where it unraveled:
The actual UAE regulators — we’re talking the Federal Authority for Identity, the Securities and Commodities Authority, AND VARA — all dropped a joint statement saying, “Yeah… no. That’s not a thing.”

They made it crystal: staking crypto ≠ residency. Golden visas are not tied to TON or any other digital asset. Period.

TON has since cooled off to $2.84, down 6% from its 24-hour high. Classic play — hype ignites, retail piles in, reality hits, and the bag gets heavier.

As Encrypted, my take is simple:
This isn’t the first time we’ve seen utility claims used as pump fuel, and it won’t be the last. TON’s tech might be solid, but let’s not pretend it’s your passport to Dubai.

Always zoom out. Always verify. Hype is temporary — conviction is earned.

#EncryptedSays #TON #GoldenVisa #Crypto #DYOR #Web3