Will Binance’s CZ Turn Token Holders into Desert Dwellers? 🏝️💰

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Changpeng Zhao, the erstwhile chief executive officer of Binance, has let it be known that his company is toying with the idea of a program that would offer a 10-year UAE Golden Visa to those who stake their BNB tokens. One can almost hear the camels cheering from afar. 🐪

As reported by U.Today, the TON Foundation has already embarked on a similar venture, teaming up with some private UAE-based partners. It’s a bit like a treasure hunt, but instead of a map, you get a blockchain. 🗺️

To secure this golden ticket, TON holders must part with a one-time processing fee of $35,000 and stake $100,000 worth of tokens for a period of three years. It’s a small price to pay for the chance to live in a place where the sun is always shining and the sand is always warm. 🌞

The visa, which extends to your spouse, children, and parents, is valid for a decade. It’s like a family vacation that never ends, but with the added perk of being able to work, study, and live in the UAE without the need for a sponsor. You can even own a business and enjoy the country’s private services. It’s the dream, isn’t it? 🏖️💼

Traditionally, securing a UAE Golden Visa requires an investment of at least $500,000 in real estate. The TON program, therefore, is a bargain, unless you’re the type who prefers to spend your money on something more tangible, like a yacht or a small island. 🛍️🏡

However, it’s worth noting that this is not an official government program. It’s more of a private arrangement, which might make some people a bit wary. After all, who doesn’t love a bit of uncertainty when it comes to their long-term residency plans? 🤔

Whether Binance will follow suit remains to be seen. Zhao, ever the cautious optimist, has not been able to verify the TON program. “I’d expect something like this to have a government partnership and announcement. It might still be true, just saying I haven’t been able to verify,” he said, with the air of a man who has seen one too many crypto scams. 🕵️‍♂️

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2025-07-06 21:37