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Toncoin, a rapidly growing Layer 1 blockchain project supported by Telegram, has introduced an innovative program in collaboration with the United Arab Emirates. This initiative allows holders of Toncoin ($TON) to obtain a 10-year UAE Golden Visa by staking their cryptocurrency. The program, announced on ton.org and confirmed through various blockchain media outlets, aims to integrate digital assets with real-world opportunities.
To qualify for the 10-year UAE Golden Visa, applicants must stake $100,000 worth of $TON for a period of three years, during which the funds are non-withdrawable. Additionally, a one-time government fee of $35,000 must be paid. After the three-year staking period, the staked funds can be unlocked. The visa benefits extend to the applicant's spouse and family members, providing long-term residency in Dubai and the UAE. This residency allows holders to live, work, and invest freely in the region, aligning with the UAE's vision to become a global hub for crypto and Web3 technologies.
The UAE has already established itself as one of the most crypto-friendly nations, hosting major players such as Binance, Crypto.com, and Bybit. This new program is expected to accelerate institutional interest in TON, as it offers a pathway to physical relocation and real-world utility. By linking a significant residency benefit to blockchain staking, Toncoin has effectively bridged the gap between digital assets and tangible value. This move marks a significant milestone in crypto adoption, transitioning from mere trading to real-life applications.
The program's requirements and benefits are designed to attract long-term investors and stakeholders, fostering a deeper integration of cryptocurrency into everyday life. The UAE's forward-thinking approach to embracing digital currencies and blockchain technology positions it as a leader in the global crypto landscape. This initiative not only enhances the appeal of Toncoin but also sets a precedent for other blockchain projects seeking to offer real-world benefits to their stakeholders.
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