UAE Denies Rumored Toncoin-Linked Golden Visa Program: What Investors Need to Know
- Did the UAE Really Offer a Golden Visa for Toncoin Staking?
- How Did the Market React to the UAE’s Denial?
- What Are the Actual Requirements for a UAE Golden Visa?
- Why Is $BEST Token Gaining Traction Amid the TON Controversy?
- How to Participate in the $BEST Presale?
- FAQ: Toncoin Visa Rumors and $BEST Token
The UAE has officially debunked claims of a Golden Visa program tied to Toncoin (TON) staking, clarifying that no such initiative exists. While TON’s price initially surged on the rumor, it quickly retreated after authorities intervened. Meanwhile, the $BEST token emerges as a transparent alternative in the crypto wallet space, already raising $13.7M in its presale. Here’s the full breakdown of the controversy and the safer opportunities in the market.
Did the UAE Really Offer a Golden Visa for Toncoin Staking?
On July 5, 2025, the TON Network announced a seemingly groundbreaking offer: stake $100K in Toncoin for three years, pay a $35K fee, and receive a 10-year UAE Golden Visa. The news sent TON’s price soaring—until reality hit. Three UAE regulatory bodies (ICP, SCA, and VARA) swiftly denied the program’s existence, with VARA noting TON isn’t even licensed in the country. The ICP, which handles visa issuance, confirmed Golden Visas are strictly for categories like real estate investors—not crypto holders.
How Did the Market React to the UAE’s Denial?
TON’s price rollercoaster tells the story. After the initial announcement, the token spiked, only to crash 5% by July 7, settling at $2.79. Trading volume exploded (+250% above monthly averages), reflecting panic and speculation. Crypto figures like CoinGecko’s Bobby Ong expressed skepticism, while ex-Binance CEO CZ questioned the $35K fee: “Is this real? Some say it’s just a way to overcharge applicants.” (Source: CZ’s tweet, July 6, 2025).
What Are the Actual Requirements for a UAE Golden Visa?
The ICP outlines clear criteria: entrepreneurs, property investors (minimum AED 2M), and specialized professionals qualify. Crypto staking isn’t mentioned. VARA emphasized that while staking is permitted in the UAE, no visa programs are linked to it. For those eyeing residency, sticking to traditional routes—or waiting for future crypto-friendly policies—is the only verified path.
Why Is $BEST Token Gaining Traction Amid the TON Controversy?
While TON faces regulatory scrutiny, Best Wallet’s $BEST token offers a compliant alternative. Its presale has raised $13.7M, backed by a non-custodial wallet used by 1M+ users. Key features include:
- Native staking with above-average yields
- Governance voting rights
- Early access to vetted DeFi projects via its ‘Upcoming Tokens’ section
How to Participate in the $BEST Presale?
Investors can join via Best Wallet’s official site, connecting their wallet and paying with crypto or credit cards. The project’s transparency—real-time updates and fixed presale pricing—contrasts sharply with TON’s murky claims. As of July 2025, $BEST is positioning itself as a utility token with tangible ecosystem benefits.
FAQ: Toncoin Visa Rumors and $BEST Token
Is the UAE Golden Visa for TON staking legitimate?
No. UAE authorities (ICP, VARA, SCA) confirmed no such program exists as of July 2025.
What happened to TON’s price after the denial?
TON dropped 5% to $2.79 within 48 hours, per TradingView data.
Does staking crypto qualify for UAE residency?
Currently, no. Golden Visas require traditional investments like real estate.
What makes $BEST a safer alternative?
Its parent platform, Best Wallet, is operational with 1M+ users, unlike TON’s unverified claims.
