Toncoin Crashes After UAE Denies TON Golden Visa Claim as Fake

UAE regulators have denied Toncoin’s staking-for-visa claim, causing a sharp market reaction. Meanwhile, LF Labs (LF Coin) continues to gain traction with real-world crypto applications and major exchange listings. As TON slips, LF Labs is preparing for 20 listings on July 30, boosting confidence in its sustainable Web3 ecosystem.

Toncoin (TON) Drops After Golden Visa Misrepresentation

Toncoin faced a major setback after UAE authorities refuted claims linking its staking to a Golden Visa. Over the weekend, TON community channels announced a program offering a 10-year UAE visa for staking $100,000 in TON. However, regulators declared there is no such approved route for crypto investors under UAE immigration policies.

The Federal Authority for Identity and related agencies confirmed TON has no official standing in visa processing. They clarified that only categories like real estate, entrepreneurs, and specialized professionals are eligible for long-term residency. Authorities urged users to avoid unlicensed offers and confirm immigration claims through government channels.

The controversy pushed TON’s price down by over 4% in one day. Binance founder Changpeng Zhao also questioned the claim, reminding users of valid visa routes. With official denial, investor trust has weakened, and trading volumes have declined sharply.

related: Coffee DEX Launches on TON: A New Era for Low-Cost, High-Speed DeFi

LF Labs (LF Coin) Grows Stronger with Utility-Based Ecosystem

In contrast to TON’s controversy, LF Labs (LF Coin) is showing clear and verifiable growth. The firm is building a full-stack Web3 ecosystem, including crypto-to-fiat PoS machines and a secure LF Wallet. Through the Low Frequency Accelerator, it supports early-stage startups with both funding and long-term liquidity.

LF Labs is not just an investor, but also a key infrastructure player focused on real-world adoption. It has positioned LF Coin as a utility asset, backed by growing product usage and ecosystem demand. Its revenue-driven model continues to attract both developers and long-term holders.

LF Coin Set for 20 Major Exchange Listings on July 30

LF Labs will mark its fourth anniversary with a milestone event. On July 30, the project will list LF Coin on 20 crypto exchanges. This expansion aims to increase token access, market liquidity, and brand visibility.

The move reflects LF Labs’ commitment to transparency, growth, and user trust. Unlike speculative projects, LF Coin's value is tied to real services and merchant tools.

Related: Why Chain Analytics Matter for TON’s Growth and Security