Toncoin has launched a new program allowing users to secure a 10-year UAE Golden Visa by staking TON cryptocurrency. This news led to a significant increase in the price of TON.
How to Obtain UAE Golden Visa
According to the official release on TON's website, candidates can obtain a 10-year UAE Golden Visa by staking $100,000 worth of TON for a period of three years, along with a one-time processing fee of $35,000. This alternative circumvents traditional requirements such as real estate purchases or income thresholds, offering a more flexible, crypto-native option for global citizens.
Benefits of the New Offer
Users retain full control of their funds, which remain locked in a decentralized smart contract and can be fully withdrawn after the staking period.
Market Reaction to the News
Following the announcement of the launch of the program, the price of TON surged by 10%, indicating a positive reaction from the crypto community to this innovation.
The launch of the UAE Golden Visa program through TON staking marks a new milestone for the cryptocurrency space, offering alternative paths to residency without traditional requirements.
