UAE Golden Visa via TONcoin Staking
UAE Golden Visa: A New Path Through TONcoin Staking
The Open Network (TON), formerly developed by Telegram, has launched a groundbreaking program: secure a 10-year UAE Golden Visa by staking $100,000 worth of Toncoin ($TON) for three years, plus a $35,000 processing fee. This innovative approach bridges the gap between cryptocurrency and real-world residency rights.
How the Program Works
- Stake $100,000 in Toncoin for three years (the staked funds are inaccessible during this period).
- Pay a one-time government fee of $35,000.
- Receive a 10-year Golden Visa for yourself, your spouse, and your children.
- Unlock your staked Toncoin after three years.
The visa allows you to live, work, and invest in Dubai and the broader UAE. Processing is handled by TON's UAE partners, with approval expected within seven weeks of submitting the necessary documentation.
UAE Solidifies Crypto Hub Status
This initiative reinforces the UAE's position as a global crypto and Web3 hub. Major players like Binance, Crypto.com, and Bybit have already established a presence in the region. TON's program provides a unique real-world utility for Toncoin, moving beyond simple trading and showcasing the potential of blockchain technology to offer tangible benefits.
Market Reaction and Implications
The announcement has driven a 10% increase in Toncoin's price. This demonstrates investor confidence and anticipation of increased demand. The program's success could inspire similar initiatives from other crypto networks, potentially shaping the future of digital asset adoption.
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Disclaimer:
This information is for educational purposes only and is not financial advice. Conduct thorough research and consult with a qualified professional before making any investment decisions. Always assess risks involved in cryptocurrency investments.