For those who don’t know🤔, #TON Foundation, together with the UAE authorities, launched a visa program that allows you to obtain UAE residency for up to 10 years🥲. To do this, you need to stake $100,000 in TON tokens for three years and pay a fee of $35,000. Stakers will also receive an annual return of 3–4% APY💸.
Following this news, $TON grew by +13%🚀!
By the way🧐, some parts of the TON blockchain have already been based in the UAE for quite a while:
◉ Telegram’s office is in Dubai, just like Durov himself.
◉ The headquarters of the largest DEX on TON, STON.fi, is also in Dubai.
Everyone knows about #Telegram — but what about STON.fi🤔👇?
#STON.fi is the main DEX on TON, with $60M in TVL, which makes up 42% of TON’s total TVL🔥! Technologically, the exchange also outpaces its competitors: right now, they are working on adding Market Makers to OMNISTON🌐 — a liquidity aggregator across the entire TON network, created by STON.fi.
And soon, the exchange is expected to launch its own DAO👥, where users staking STON tokens will be able to vote🔀 on the future development of STON.fi.
