TON Links Staking to UAE Golden Visa, Toncoin Rises 10%

The Open Network (TON) has introduced a groundbreaking initiative that links cryptocurrency staking with real-world residency benefits. Individuals can now secure a 10-year UAE Golden Visa by staking $100,000 worth of Toncoin (TON) for three years and paying a one-time processing fee of $35,000. This program, facilitated by TON's partners in the UAE, aims to bridge the gap between the digital asset world and tangible residency rights.

Applicants for the Golden Visa can expect a streamlined process, with approvals anticipated within seven weeks of submitting the necessary documentation. The staked funds remain under the user’s control through a smart contract on the TON blockchain, ensuring transparency and security. During the staking period, users will earn annual returns of approximately 3% to 4%. This visa not only covers the principal applicant but also extends to their family members, including spouses, children, and parents, without additional platform fees, though standard UAE government charges will still apply.

This new pathway significantly lowers the entry cost compared to traditional Golden Visa routes, which typically require investments of at least $540,000 through real estate or bank deposits. TON’s offering reduces this threshold by nearly 80%, making it more accessible to a broader range of investors. The initiative underscores the UAE's commitment to becoming a global hub for cryptocurrency and Web3 technologies, attracting major players like Binance, Crypto.com, and Bybit to the region.

The UAE Golden Visa is highly sought after for its long-term security and the freedom it offers to live, work, and invest in the country without the need for a local sponsor. This new visa program adds an additional incentive for Toncoin holders, encouraging them to stake their assets rather than sell them. The price of Toncoin has already risen by 10% since the announcement, reflecting investor optimism about the real-world value this initiative brings to the coin.

TON’s program demonstrates the potential of cryptocurrencies to add value beyond mere trading, providing tangible benefits such as secure residency in a country with a high quality of life and a thriving economy. This move by TON aligns with the UAE's vision of becoming a leader in the global crypto market, showcasing its openness to innovative technologies and its commitment to fostering a crypto-friendly environment.

The new visa mechanism introduced by TON highlights the evolving role of digital assets, which can now offer more than just financial returns. They can provide a pathway to a new way of living in one of the world's most dynamic and innovation-driven regions. This initiative is likely to attract significant attention and may inspire other crypto networks to explore similar real-world applications for their digital assets.