On July 6, Max Crown, CEO of Tone Foundation, announced on X a revolutionary initiative offering Toncoin
holder of the possibility of obtaining a golden gilded visa from the water.
The program obliges candidates to invest $ 100,000 in tone for three years and to pay unique processing costs of $ 35,000. After the three -year locking period, the funds marked can apparently be unlocked and during this period, the candidates would have won an annual return estimated at 3 to 4% (APY) On their milestone tokens.
The Ton Foundation website highlights several alleged key advantages: rapid approval in the seven weeks from the submission of documents, a simple process without having to buy real estate or respect income thresholds and the inclusion of family members – spouse, children and parents – without additional costs beyond standard government. The development is carried out through decentralized intelligent contracts on the Ton blockchain, which, according to him, ensures transparency and security.
The program claims to offer a capital alternative in capital to the traditional routes of the gold visas of the water, which, according to the Ton Foundation, generally requires a minimum investment of around $ 540,000 in real estate or fixed deposits, often linked to illiquid assets and longer processing times. The Ton Golden Visa initiative is presented as a faster, more affordable and digital path to water residence, aligning with the country’s ambition to become a global crypto and a web3 center.
The announcement had an immediate impact on the performance of the Toncoin market. Shortly after the news was announced, the Toncoin price jumped 12%. At the time of writing this document, the token is negotiated around $ 2,8944, reflecting an increase of 5.36% in the last 24 hours. In addition, the current 24 -hour average trading volume is approximately 251.54% higher than the average of 30 days, signaling an increased interest and activity of the market, according to the Technical Analysis model of Coindesk Research.
Despite the enthusiasm, the announcement aroused controversy within the cryptographic community. Bobby NGO, co-founder and chief of the Coingecko exploitation, praised the partnership as an “incredible story” which could attract whales and provide strong purchasing support in Toncoin, although he has expressed hope that the initiative is not a temporary program.
Conversely, “Joe Hedgedhog” (“@Joehedgedhog” on x)An investment partner at Sigil Fund, stressed that it is not an official partnership of the Water Government, but rather a third -party legal firm using your proxy to help customers request the gold visa within the framework of the entrepreneurs category. He noted that the company could have used any cryptocurrency and that the implementation requirement serves more token well than a government mandate.
Another skepticism came from “Ivangbi” (“@ivangbi_” on x)The manager of the strategy and commercial development at Gearbox Protocol, who described the announcement as misleading. Depending on this perspective, the court office receives non -refundable costs of $ 35,000 and tries to submit requests to the government of the water, which finally decides to approve. He argued that the balance of tonnes of brands is only many requirements and may no longer be relevant under the updated rules. He continued by saying that the lack of general approval for stakers of Ton means that acceptance is uncertain and that the program can mainly serve as a marketing tool coupled with a token utility.
Changpeng Zhao (aka “Cz”)The co-founder and former CEO of Binance, expressed his careful support for the founder of Ton, Pavel Durov, but underlined the need to “trust but check”. He noted that such a program would generally require an official government partnership and an ad, which has not yet been confirmed.
The category of water entrepreneurs visas, which this program seems to target, is designed for people with economic or innovative economic projects. Applicants must provide letters of approval of an accredited auditor of water confirming the value of the project (at least 500,000 AED)The local authorities verifying the innovative nature of the project and an incubator of accredited water activities to establish the activity proposed in the country.
Strengths of technical analysis
- The price went from $ 2.75 to a peak of $ 3.06, representing an overall range of $ 0.34 (12.4%).
- The rally started suddenly in 7:00 am on July 6, when the volume increased to almost 13 million.
- An extraordinary increase of 57.5 million volumes in 8:00 a.m.
- The support was about $ 2.86 to $ 2.89 with high volume purchases.
- The resistance appears at $ 3.03, suggesting that the token has established a new commercial range.
- In the last 60 minutes of July 6 at 3:12 p.m. at 4:11 p.m., Ton experienced a large price overvoltage of 2.4%.
- A dramatic rupture occurred at 3:48 p.m. when the volume increased to 1.68 million tokens.
- The token reached a peak of $ 2.93 at 3:50 p.m. before establishing a new level of support around $ 2.90 to $ 2.91.
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