TON Offers 10-Year UAE Golden Visa for $100,000 in Staked Toncoin

• Open Network (TON) offers a 10-year Golden Visa for staking Toncoin.
• Staking $100,000 in Toncoin unlocks quick residency in under 7 weeks.
• The program assures 3-4% annual yield on your staked assets.
• Families can join under the Golden Visa with no extra cost.
• Traditional UAE Golden Visas usually require over $540,000 investment.

TON Introduces Golden Visa for Toncoin Investors

Open Network (TON) has made waves in the blockchain community by introducing a new offering to secure UAE residency. This comes in the form of a 10-year Golden Visa for those willing to stake $100,000 worth of Toncoin (TON) for three years and pay a $35,000 one-off processing fee. You read it right! The fast track to Golden Visa approval can happen in as little as seven weeks from the time you submit your documents to the Visa Office, and it’s all being handled by partners based in the UAE, ensuring a smooth process.

Staking Model Offers Control and Solid Returns

The beauty of this deal is that applicants don’t lose control of their funds during the staking process. They can rely on a decentralized smart contract, tapped into the TON blockchain, which keeps everything verifiable and secure. As an addition to that, you can expect estimated annual yields between 3% and 4% on your staked assets. Not just that, but this visa also covers immediate family members at no extra charge, other than the standard fees usually associated with government-related processes.

Market Reaction and The Broader Blockchain Landscape

In stark comparison with traditional options, which often require a steep minimum investment of about $540,000 in illiquid assets to obtain a UAE Golden Visa, TON’s new program is practically a steal. The reduced barrier to entry — a whopping 80% lower than traditional real estate or fixed deposit investments — is sure to catch the eye of high-net-worth investors. Bobby Ong, co-founder of CoinGecko, mentioned that this lower cost would likely pique the interest of larger investors, encouraging them to consider Toncoin as a viable option. Following this announcement, Toncoin surged over 10% in value, showing the market’s positive reception and potential; however, it is worth noting that the token is still more than 60% down compared to last year, trading around $2.98.

TON is breaking new ground by making UAE residency accessible through a crypto-based Golden Visa, weighing in all the benefits like family coverage and decent returns on staked assets. Compared with traditional routes, this is a game-changer that could draw significant attention from seasoned investors. As the UAE continues to position itself as a blockchain hub, the TON blockchain initiative seems to be a step in the right direction, signaling a bright future for both the platform and prospective investors.