Open Network (TON) - A blockchain platform spun off from Telegram, has launched a new pathway to obtain UAE residency, offering a 10-year golden visa to applicants who stake $100,000 worth of Toncoin (TON) for three years and pay a one-time processing fee of $35,000.
"From document submission to the visa office, the golden visa can be obtained within 7 weeks," TON announced on Saturday, detailing that its UAE partners will manage the visa processing and residency identity confirmation.
During the staking period, applicants maintain control over their assets through decentralized smart contracts that can be verified on the TON blockchain. Additionally, the project promises an annual yield of approximately 3% to 4% on staked assets, providing an incentive for cryptocurrency investors.
The golden visa covers immediate family members, including spouses, children, and parents, with no additional fees beyond standard government charges.
Traditional UAE golden visa pathways typically require a minimum investment of $540,000 in illiquid assets. In contrast, TON's project only requires staking $100,000 worth of TON, offering a significantly lower entry threshold.
"The entry threshold is 5 times lower than equivalent real estate/fixed deposit investments, which will definitely attract whales to consider TON as an option," wrote Bobby Ong, co-founder of CoinGecko, on X.
Following the announcement, the price of Toncoin surged over 10%. As of the time of writing, the token is trading at approximately $2.98, having risen over 8% in the past day. According to CoinMarketCap data, the token is still down over 60% in the past year.
However, some have questioned the significance of the TON golden visa program, pointing out that it is not an official collaboration with the UAE government.
"Third-party providers are using TON as an agent to help their clients obtain entrepreneur golden visas. They could have used FARTCOIN," wrote Joe HedgeHog, partner at Sigil Fund, on X.
This cryptocurrency-based residency program comes at a time when the UAE is striving to establish itself as a major destination for blockchain and cryptocurrency projects.
Last month, the Dubai Financial Services Authority (DFSA), the financial regulator responsible for the Dubai International Financial Centre (DIFC), approved Ripple's RLUSD stablecoin.
In May, Dubai's crypto regulatory authority updated its guidelines to include terms for the tokenization of real-world assets (RWA). Lawyer Irina Heaver told Cointelegraph that these rules provide a clear path for issuers and exchanges to launch and trade tokenized real estate assets.
Meanwhile, the Dubai Multi Commodities Centre Free Zone has attracted over 600 crypto companies, as more firms flock to the Dubai International Financial Centre and One Central area, positioning the country as a leader in the digital finance sector.
Related: The U.S. Republican Party will review three cryptocurrency bills during "Cryptocurrency Week" in mid-July.
Original: “TON Offers 10-Year Golden Visa for Users Staking $100,000 in Toncoin Tokens”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
