UAE authorities have developed a new initiative allowing Toncoin token holders to obtain a 10-year visa in the country without traditional real estate investments.
Visa Program Conditions
Crypto holders who stake $100,000 worth of Toncoin can apply for a visa. Participants are required to lock up their tokens for three years, during which they remain untouched, yet continue generating estimated annual yields of 3-4%, depending on market performance.
Application Process
The application process involves a one-time administrative fee of $35,000. The entire procedure from submission to visa issuance is expected to take less than seven weeks. Notably, family members, including spouses, children, and parents, may be included in the same application, with only standard state fees applicable.
Fraud Warning
Toncoin has warned users to be cautious of fake websites impersonating its brand during this campaign. Scammers often exploit major crypto announcements. Applicants are urged to interact only through the official TON platform to avoid phishing schemes.
The initiative of obtaining a visa through staking Toncoin marks a significant step in recognizing crypto assets as real currencies with practical applications in international residency programs.
