TONcoin Staking Visa Hype Crashes: UAE Denies, CZ Laughs It Off

The Wild Ride of a Viral Claim

Hold onto your hats, crypto fans! The buzz that staking Toncoin could snag you a slick 10-year UAE visa has been officially squashed. That's right, the short-lived thrill that even had Binance's big boss, Changpeng Zhao, buzzing has come to a screeching halt.

From Hope to Hype

This rollercoaster kicked off on July 5 when the TON Foundation dropped a bombshell about a supposed program that would hand out UAE residency for a cool $100,000 in Toncoin stakes. Talk about high returns with zero risk! The crypto world went nuts, and CZ himself couldn't resist chiming in.

CZ's Moment of Excitement

"It would be awesome," the UAE-based Binance maestro tweeted, dreaming big about BNB Chain jumping on the bandwagon if the deal was legit.

"If it is real, we will definitely try to get it on BNB too," he added, clearly caught up in the frenzy.

The Cold Hard Truth

But hold your horses, because the party was over before it really started. The Emirates News Agency stepped in with a reality check, flat-out denying any government-backed visa linked to staking Toncoin. They shot down the golden visa dreams, stating that the whole thing was a hoax and TON isn't playing by the rules in Dubai for this kind of gig.

CZ's Reality Check

CZ, always one step ahead, had already been sniffing out the truth. He flagged the whole thing as fishy, pointing out the glaring lack of any official government nod or partnership. He wasn't buying it.

Laughter and Lessons

After the UAE's big nope, CZ couldn't help but drop a laughing emoji. He slammed TON's stunt as "aggressive and misleading marketing," warning everyone to keep their wits about them and double-check any wild promises before jumping in.

Backlash and Disappointment

Meanwhile, TON's feeling the heat. The crypto community's not holding back, blasting the foundation for the false hope. People are pissed, feeling let down by the ecosystem, and worried this mess has trashed the project's rep.

The Silence Continues

Despite the uproar and the UAE's clear message, TON hasn't pulled the plug on their misleading webpage. No retraction, no apology, just radio silence as the controversy rages on.