Toncoin (TON) has introduced a new opportunity for obtaining residency in the United Arab Emirates through staking cryptocurrency, opening new horizons for participants.
Toncoin Residency Program
Users can now obtain a Golden Visa in the UAE by staking Toncoin tokens instead of purchasing real estate. To apply, one has to lock $100,000 worth of tokens for three years, along with a $35,000 processing fee.
Participation Conditions
The application is processed through a decentralized smart contract, taking less than seven weeks in total. Applicants retain full control over their staked assets during the lock-up period, with expected staking returns of 3-4% annually.
Toncoin Market and Its Growth
Following the announcement of the program, Toncoin's price surged 8%, reaching around $2.97. Trading volume increased by 254.77%, indicating high interest in the token among traders. Toncoin's market capitalization grew to $7.33 billion.
The Toncoin residency program in the UAE represents an innovative solution for visa acquisition, streamlining the process for crypto investors and offering new opportunities in the market.
