The Toncoin Foundation has announced a new initiative offering 10-year golden visas for TON stakers in partnership with the UAE.
Residency Program Conditions
Applicants looking to obtain residency must stake $100,000 in TON tokens for a period of three years. It is important to note that the staked amount will be non-withdrawable during this period.
Costs and Returns of Participation
Additionally, participants are required to pay a one-time government fee of $35,000. During the staking period, they are expected to receive an annual yield of around 3-4% APY.
Long-term Implications and Expectations
The introduction of this residency program could create positive pressure on the Toncoin ecosystem. Increased demand for long-term staking may positively influence market dynamics. Nevertheless, regulatory responses outside the UAE remain unaddressed. The community has reacted positively, with discussions taking place on Telegram and Discord.
This program will allow us to evaluate how blockchain initiatives can anchor traditional societal structures such as residency. Significant developments in market dynamics and Toncoin's perception are anticipated in the near future.
