<ul data-eligibleForWebStory="false">TON Foundation introduced a program to apply for a 10-year UAE residency by staking $100,000 worth of TON.The UAE government denied recent online claims about offering Golden Visas or residency through new, unofficial channels.Toncoin's initiative allowed individuals to stake $100,000 worth of TON for 3 years to apply for a 10-year Golden Visa in the UAE.UAE authorities clarified that digital asset staking is not recognized for UAE Golden Visa eligibility, leading to a drop in Toncoin's value.