Toncoin and the government of the United Arab Emirates have launched a unique program offering a 10-year Golden Visa for Toncoin stakers.
Conditions for Receiving the Golden Visa
To participate in the program, applicants must stake $100,000 in Toncoin for three years. This program was developed in collaboration with the UAE’s immigration and investment agencies. Notably, each applicant will need to pay a one-time processing fee of $35,000.
Toncoin Market Response to the Announcement
Following the announcement, Toncoin surged by 8-10%, indicating increased market confidence. According to CoinMarketCap, the price of Toncoin is currently $2.89, with a trading volume surge of 428.18% over 24 hours.
Program Prospects and Its Impact on the Crypto Industry
Experts believe that the Golden Visa program is the first of its kind and opens new prospects for blockchain assets in residency applications. Potential regulatory changes could lead to the development of similar programs globally.
The innovative Toncoin program in the UAE highlights the growing integration of cryptocurrencies into economic and social life, opening new horizons for investors and nations willing to embrace new technologies.
