Yesterday, the TON Foundation claimed that staking $100K in Toncoin ($TON) for three years, plus a one-time $35K processing fee, would qualify holders for a 10-year UAE Golden Visa.
But Binance’s CEO Changpeng Zhao (CZ) debunked the claim. He questioned its legitimacy and pointed out that there was no official government confirmation.
The following day, UAE regulators issued a joint statement denying any such program. They emphasized that Golden Visas are not issued based on crypto holdings.
The visa program had been getting a lot of attention lately, following the inclusion of new eligible professions on the list. Announced in May this year, the visa reform now includes content creators and digital influencers.
Still, other crypto projects like SUBBD Token are gaining massive traction as the overlap between AI tools, online content, and crypto grows.
$TON Spikes 12% on False UAE Golden Visa Claims
Investors initially responded with optimism to the false announcement, as evidenced by TON Foundation’s native token – $TON – spiking by ~12%.
Following the correction by CZ and regulators, $TON nosedived by ~7.5%.
The Federal Authority for Identity and Citizenship, the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) clarified that Golden Visas remain reserved for traditional routes, including real estate investors and entrepreneurs (now adding online content generation to the list).
VARA emphasized that TON is neither licensed nor regulated in Dubai, urging residents and investors to work only with registered platforms.
Together, they proved that CZ’s cautious ‘trust but verify’ stance warning was spot on; no official documents or partnerships surrounding the controversy were ever confirmed.
Interestingly, before CZ debunked the claims, he did say it would be awesome if true. And if it were true, he’d ‘try to get it on BNB too.’
Despite this fiasco, the UAE isn’t anti crypto by a long shot, as evidenced by the country’s recent push toward tokenized real-world assets. And on its own terms.
There’s still room for crypto on the table. And with the country’s recent visa reforms, we could see a lot more news about crypto and content influencers in the UAE.
SUBBD Brings AI & Crypto Monetization to the Creator Economy
By fueling creator content, fan engagement, and exclusive digital access through a blockchain-compatible, AI-powered platform, the SUBBD ecosystem turns social media into an ownable, tradeable, and reward-generating experiences.
Unlike hype-driven crypto projects, it’s grounded in utility. By purchasing the platform’s native token, $SUBBD, you can stake the coin for VIP perks at a 20% APY, partake in platform governance, and access premium experiences and content.
Suppose you’re a creator, you’ll also appreciate its AI-driven automation tools (profile creation, voice notes, a video editor and generator, and livestreams), plus crypto-focused monetization. There’s also an AI Influencer Creation tool in the making.
Speaking of influencers, those using the SUBBD platform can reap significant benefits. After joining the project, you’ll gain access to your own AI assistant to streamline content and fan interactions. Additionally, you can boost your income by cutting out third-party commissions.
Meanwhile, if you’re a fan, SUBBD gives you the power to connect with your favorite creators and influencers, lower your fees, and access exclusive content without intermediaries.
As a result, the SUBBD ecosystem has already attracted over 2K top-earning creators, connected with 250M+ fans, and raised $755K+ on presale. The project is now in Phase 2 our of 3, with the token ready to list on exchanges later in 2025.
Join $SUBBD for Potential 438%+ Gains
Just as Dubai’s push for RWA tokenization proves crypto is quickly gaining traction in real estate, SUBBD does the same for the media and entertainment industry.
It brings structure, transparency, and scalability to a massive industry in need of Web3 distribution, all while remaining user-friendly and compliant with regulations.
This isn’t financial advice. When making crypto investments, always conduct thorough due diligence and never invest more than you can afford to lose.
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