Toncoin has announced a partnership with the United Arab Emirates to offer a unique golden visa program for TON token holders.
Partnership between Toncoin and UAE
Toncoin and UAE are jointly launching a program allowing investors to obtain a 10-year golden visa by staking a certain amount of TON tokens for three years. This is the first program integrating crypto investments with immigration policy in the UAE.
Visa eligibility requirements
Investors will need to stake at least $100,000 in TON tokens for three years through a decentralized smart contract. A one-time fee of $35,000 is also required for visa processing, which is reportedly faster than current alternatives. The program is merit-based with no real estate or minimum income thresholds.
Comparison with other countries
While Toncoin's initiative is innovative, similar programs exist in other countries. For instance, Vanuatu requires a minimum investment of around $130,000, but with additional conditions. The Toncoin golden visa stands out by allowing the return of staked tokens after the contract ends.
The partnership between Toncoin and the UAE offers unique opportunities for crypto investors, launching a golden visa program that could reshape immigration standards.
