UAE Golden Visa via TON: $100K Stake, 3-4% Yield

UAE Golden Visa Program via TON

The Open Network (TON), a blockchain platform, has launched a new program offering 10-year UAE Golden Visas. Applicants need to stake $100,000 worth of Toncoin (TON) for three years and pay a $35,000 processing fee. The visa application process, managed by UAE-based partners, aims for completion within seven weeks.

This significantly undercuts conventional UAE Golden Visa routes, which typically require a $540,000 investment. As Bobby Ong, co-founder of CoinGecko, noted on X, this represents a fivefold reduction in the entry cost, making it attractive to high-net-worth individuals.

Key Features of the TON Golden Visa Program:

• Lower Barrier to Entry: A significantly reduced investment requirement compared to traditional methods.
• Asset Control: Staked assets remain under the applicant's control via a decentralized smart contract on the TON blockchain.
• Yields: Estimated annual yields of 3% to 4% on staked Toncoin.
• Family Coverage: The visa extends to immediate family members (spouse, children, parents) at no extra cost beyond standard government fees.

Market Impact and UAE's Blockchain Strategy

Following the announcement, Toncoin's price saw a surge. While still down over 60% year-on-year, the program highlights the UAE's ambition to become a leading blockchain hub. Recent moves like the Dubai Financial Services Authority's (DFSA) approval of Ripple's RLUSD stablecoin and updated guidelines for real-world asset (RWA) tokenization underscore this commitment.

Dubai's thriving crypto ecosystem, with over 600 crypto companies in the DMCC free zone alone, further supports this vision. This initiative could attract significant further investment and innovation in the region.

Codeum: Your Partner in Blockchain Security

At Codeum, we provide comprehensive blockchain security and development services to help projects like TON navigate the complexities of the crypto landscape. Our services include:

• Smart contract audits
• KYC verification
• Custom smart contract and DApp development
• Tokenomics and security consultation
• Partnerships with launchpads and crypto agencies

Contact us today to learn how we can help secure your project.