The Open Network (TON) Foundation, the independent organization overseeing the development of the Telegram-focused Layer 1 TON, is hiring a vice president of marketing after the organization received criticism over its United Arab Emirates “Golden Visa” initiative, which reportedly offers a pathway to TON coin stakers to enter the country.
The TON Foundation VP of marketing position entails “shaping and executing high-impact marketing strategies” that bolster the TON ecosystem, drawing in new users, and amplifying the brand’s global presence, according to a Monday job posting. This marketing executive would also work with the TON Foundation’s directors to create budgets and collaborate with the video production 0n social media video content for TikTok, Instagram, and YouTube.
The new job posting follows controversy surrounding the TON Foundation’s 10-year UAE “Golden Visa” initiative. The TON Foundation debuted the program on July 6, stating investors who stake $100,000 worth of Toncoin, TON’s native token, for three years and pay a $35,000 processing fee can be eligible for a 10-year visa in the Emirati nation. The visa, which enables holders to live and work in the country, reportedly affords additional privileges compared to other types of UAE visas. In addition, Toncoin stakers could earn around 3-4% APY in staking rewards for their locked tokens.
After publicizing the initiative, the UAE government distanced itself from TON’s golden visa program. The TON Foundation later clarified that the program is in its “early stages” and that it has not launched in partnership with or endorsement from the UAE government.
While the UAE Golden Visa program is typically reserved for public investors, property owners, entrepreneurs, or individuals of certain talents such as doctors, athletes, and creatives, the TON Golden Visa program aimed to provide a “unique and exclusive route” for the program without degree, profession, or other requirements, The Block previously reported.
The Block reached out to the TON Foundation for comment.
Toncoin spiked after the TON Golden Visa announcement; however the token’s price has since decreased 3.21% in the past 24 hours to trade at $2.75 as of publication, according to The Block’s TON Price Page.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
