TON introduces a new Golden Visa program in the UAE that allows crypto investors to gain residency through staking Toncoin, aimed at integrating crypto with real assets.
TON and the Golden Visa Implementation
The Golden Visa program launched by the TON Foundation allows investors staking $100,000 worth of Toncoin for three years to obtain a 10-year UAE residency visa. A one-time processing fee of $35,000 is required. Staked funds remain under the investor's control while earning 3–4% annual yield.
The Significance of TON's Golden Visa Program
Traditional residency options in the UAE often require significant illiquid investments, which can be prohibitive for many. TON's approach dramatically lowers the entry barrier by 80%, potentially attracting larger token holders interested in real-world benefits like residency.
Market Reaction and Community Response to the Program
Following the announcement, Toncoin's price surged by 10–12%, indicating increased investor interest. However, the crypto community's reaction was mixed, with some welcoming the innovation while others expressed skepticism regarding the program's legitimacy and government endorsements.
TON's Golden Visa initiative opens new avenues for integrating cryptocurrencies with real assets, creating opportunities for investment and market growth. Such models may encourage other countries to rethink their investment immigration policies.
