#HODLTradingStrategy TON offers a 10-year visa for the UAE by staking 100,000 dollars in Toncoin

TON launches the UAE Golden Visa program, which requires only 100,000 dollars in TON staking, reducing the usual entry cost by 80%.

TON offers a 10-year visa for the UAE by staking 100,000 dollars in Toncoin

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Update (July 6, 12 PM UTC): This article has been updated to include comments from Joe HedgeHog, partner at Sigil Fund.

The Open Network (TON), the blockchain platform derived from Telegram, has introduced a new pathway for residency in the United Arab Emirates, offering 10-year Golden Visas to applicants who stake 100,000 dollars in Toncoin (TON) for three years and pay a one-time processing fee of 35,000 dollars.

“Get your golden visa in less than 7 weeks from document submission to the Visa Office,” TON announced on Saturday, detailing that its UAE-based partners will handle visa processing and residency status confirmation.

Applicants retain control of their assets during the staking period through a decentralized smart contract verifiable on the TON blockchain. Additionally, the program promises estimated annual returns of 3% to 4% on staked assets, providing an incentive for cryptocurrency investors.

The Golden Visa program extends coverage to immediate family members, including spouses, children, and parents, at no additional cost beyond standard government fees.

Source: TON

TON reduces the entry cost of the golden visa by 80%

Conventional routes for the UAE Golden Visa typically require a minimum investment of 540,000 dollars in illiquid assets. In contrast, the TON program only requires 100,000 dollars in TON locked in staking, offering a significantly lower entry point.