The Open Network (TON) unveils a new Golden Visa program in the UAE, facilitating residency through Toncoin staking. This marks a pioneering partnership in blockchain investments.
TON and UAE Initiative
The Open Network (TON) is launching a collaborative initiative with UAE partners for the Golden Visa program. This program enables participants to invest in residency by staking $100,000 in Toncoin, representing a significant departure from traditional investment methods.
Program Participation Conditions
The process includes visa application support and residency confirmation through UAE-based partners. Following the announcement, Toncoin’s price surged over 10%, reaching $3.02. Participants maintain custody of their assets and can expect an annual yield of about 3–4%.
Market Implications and Prospects
Blockchain implementation allows applicants to bypass conventional investments in real estate exceeding $540,000. Many experts note the attractiveness of this program, as the entry barrier is five times lower than equivalent investments. While formal UAE governmental confirmation is still pending, the market is closely monitoring increases in Total Value Locked (TVL) and staking rates within the TON ecosystem.
This initiative may significantly alter how high-net-worth individuals approach residency options, potentially influencing regulatory frameworks and the overall crypto-economy.