TON Surges 10% as UAE Offers Golden Visa for Staking

Toncoin (TON) has experienced a notable price increase following the introduction of a new residency-linked staking initiative. This program allows global users to secure a 10-year UAE Golden Visa by locking $100,000 worth of TON for a period of three years. The initiative represents a significant shift in how residency can be accessed using digital assets, offering a faster and more flexible process compared to traditional routes.

According to the details published on TON’s official website, applicants are required to pay a one-time processing fee of $35,000. In return, they are granted permanent residence in the UAE without the need to purchase real estate or meet mandatory income requirements. The funds are held in a smart contract, ensuring that the owner retains all rights to withdraw the money once the staking period is complete. The issuance of visas is expected to take place within seven weeks, with an official UAE partner overseeing the final phase of the process. Family members, including spouses, children, and parents, can also be included under the same visa arrangement, although standard government charges still apply.

This development marks a departure from traditional residency qualifications, which often rely on substantial real estate investments or business ownership. By leveraging crypto staking, the process becomes more accessible and transparent. Users who stake their TON tokens can expect an annual yield of approximately 3 to 4 percent, with the assurance that their capital is safe within the smart contract. This system is particularly attractive to investors seeking both utility and profits from their crypto assets.

The market responded positively to the announcement, with TON’s token value jumping by over 10 percent, rising above $3.05. This price increase compensated for recent market losses and signaled growing confidence in blockchain-based residency options. The UAE's embrace of cryptocurrency staking for residency purposes sets a precedent for other countries to consider similar initiatives, potentially leading to broader adoption of digital assets in various sectors.

In summary, the UAE's decision to allow Toncoin holders to obtain a 10-year Golden Visa through $100,000 in staked TON has resulted in a significant surge in the cryptocurrency's value. This move underscores the UAE's progressive stance on digital assets and its efforts to attract high-net-worth individuals and investors. The development is expected to drive further interest and adoption of Toncoin, positioning it as a key player in the global cryptocurrency landscape.