TON Partners UAE for Golden Visa via $100,000 Stake

Toncoin (TON), a prominent blockchain project associated with Telegram, has secured a notable partnership with the United Arab Emirates (UAE). According to the official announcement, TON users can now stake $100,000 in TON to obtain a 10-year UAE Golden Visa.

The program, as detailed on Toncoin's website, requires users to stake $100,000 worth of TON tokens for a period of three years, during which the tokens will remain locked. Additionally, a one-time processing fee of $35,000 will be charged. This initiative streamlines the visa application process, which is completed in less than seven weeks, and eliminates the need for a real estate investment of over $500,000, as required in traditional visa programs. Furthermore, spouses, children, and parents of the applicant can also benefit from the same visa, with only standard government fees applicable. The staked assets remain with the user and can be fully withdrawn after the three-year period. During the staking period, it is expected to provide 3–4% annualized returns, although the APY may vary depending on the price of the TON token.

This partnership signifies a major development in the cryptocurrency landscape, as it represents the UAE's proactive stance on embracing new technologies and fostering innovation in the blockchain and cryptocurrency sectors. The UAE Golden Visa, a highly coveted residency permit, offers numerous benefits, including the ability to live, work, and study in the UAE without the need for a local sponsor. By staking TON tokens, holders can gain access to these privileges, making it an appealing option for investors and cryptocurrency enthusiasts.

The agreement between TON and the UAE underscores the growing acceptance of cryptocurrencies as a legitimate asset class and highlights the UAE's commitment to creating a favorable environment for digital assets. This move is expected to positively impact the adoption of TON and other cryptocurrencies in the UAE and may encourage other countries to explore similar partnerships, further integrating digital assets into the global financial system. The UAE's decision to grant Gold Visas to TON token holders demonstrates the region's forward-thinking approach to technology and its readiness to embrace the future of finance.