The UAE has announced a new opportunity for investors to obtain a golden visa by staking Toncoin. This offer opens up new horizons for crypto investors.
Visa Requirements
Investors can secure a golden visa by staking Toncoin valued at $100,000 for three years. This approach does not require real estate investments, making it more accessible to crypto investors. A one-time processing fee of $35,000 is required, offering annual yields between 3% and 4% on the staked assets.
Market Impact
Following the announcement of the new visa program, the price of Toncoin rose by 6%, highlighting the market's enthusiasm towards this initiative. The introduction of the visa is expected to enhance staking activities, reducing market liquidity and positively impacting on-chain data.
Future Prospects
The impact of the visa program may lead to an increase in locked Toncoin and market activity. It may also prompt similar residency programs for crypto investors globally, pending regulatory approval.
The introduction of the staking visa for Toncoin opens new opportunities for investors and may influence future dynamics in the crypto market, including regulatory approaches and attracting high-net-worth individuals.
