Recent developments surrounding Toncoin have generated significant interest among crypto enthusiasts as the project announces a collaboration with the UAE government, opening new opportunities for stakers.
Toncoin and UAE Partnership
Toncoin has partnered with the UAE government to offer a 10-year golden visa for stakers who invest $100,000 in the coin for three years. This development has led to a 7.18% price surge and a 346% increase in trading volume.
Toncoin Market Performance
At present, Toncoin is trading at $2.91 and is experiencing minor price corrections after breaking through the $3.00 resistance level. The increased market activity and a 39.32% rise in open interest over the last 24 hours suggest that investors are starting to show greater interest.
Benefits of the Golden Visa
Traditional UAE visas require investments of $540,000 in real estate or deposits. However, Toncoin stakers will only need to pay $35,000 in processing fees. The golden visa program will lower the financial barriers for crypto investors and provide additional benefits.
The collaboration between Toncoin and the UAE opens new horizons for investors and lowers barriers to residency. This could strengthen interest in the project and drive further price growth.
