When the crypto world dreams of physical anchoring, it sometimes gives birth to projects that are as bold as they are vague. The latest? An initiative from the TON Foundation aimed at offering a 10-year Golden Visa to Toncoin investors. The idea, appealing on paper, was quickly dampened by a blunt denial: the authorities of the United Arab Emirates never approved the program. Behind the announcement effect lies the ongoing tension between decentralized innovation and state sovereignty.