The Ton Foundation, the developer community behind Toncoin (Ton), is rethinking its marketing strategy following the recent “fake partnership” debate. The foundation announced on LinkedIn that it is looking for a new Vice President of Marketing.
Last weekend, Ton Foundation’s Open Network (Ton) made an impressive presentation. The statement claimed that by depositing at least $100,000 worth of toncoins (tons) 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 rejected by UAE authorities. The UAE Federal Bureau for Identity, Citizenship, Customs and Port Security (ICP), Virtual Asset Regulators (VARA), and Securities and Commodities Agency (SCA) issued a joint statement indicating that cryptocurrency investors are not eligible for Golden Visas.
The statement included:
“The Golden Visa is granted in accordance with a clear and officially approved framework and standards that do not include digital currency investors.” Eligible applicants include real estate investors, businessmen, highly accomplished students, scientists and frontline workers.
Vara has also warned investors to work only with licensed and regulated companies for cryptocurrency-related services.
*This is not investment advice.
