- Stake $100K in TON for 10-Year UAE Visa With 3–4% Annual Yield
- Visa Covers Immediate Family at No Extra Investment Requirement
- Toncoin Rallies 10% After TON Launches Residency Program
The Open Network (TON) has launched a crypto-powered path to a 10-year UAE Golden Visa through Toncoin staking. The new project will reduce the average entry price by more than 80%, attracting international investors and crypto whales. The applicants must deposit $100,000 worth of TON and pay a $35,000 processing fee.
The TON program is faster than traditional paths, and the approvals are said to take less than seven weeks. Its partners in the UAE handle documentation and residency verification and liaise with the authorities. The whole process is based on smart contracts, which can be verified on the TON blockchain.
The applicants retain full control of the staked Toncoin, which can be accessed via the verified decentralized smart contract. The participants also get an estimated annual yield of 3-4% during the three-year staking period. This framework attracts crypto-native investors that like liquid and transparent asset management.
TON Program Covers Immediate Family At Lower Cost
The program includes spouses, children, and parents under the same visa application at no added cost besides standard government fees. This family-inclusive benefit makes the TON program competitive over common residency-by-investment schemes. Other similar programs require separate investments or added dependent fees.
TON’s offer minimizes the financial barrier than with the traditional real estate or fixed-deposit routes, which require at least $540,000. This reduction may appeal to high-net-worth individuals who are seeking other avenues to enter the UAE.
Price Action
After the announcement, the Toncoin price increased more than 10% to about $2.98 on top exchanges. The token had lost over 60% year-on-year but saw a high short-term momentum following the visa news. The investors reacted well to the news, which indicates confidence in the TON’s increased utility.
Source: CoinGecko
Although the program has attracted attention, it is not formally connected with the UAE government, which has raised concerns among crypto observers. Critics argue that a third-party service is using TON as a proxy for clients to gain residency. They claimed that the provider might theoretically use any token in a similar model.
Also Read | Toncoin (TON) Price Breakout Incoming? Massive Liquidation Zone in Sight
UAE’s Global Crypto and Blockchain Hub Ambitions
Nevertheless, the launch is in line with the UAE’s wider goal to position itself as a global crypto and blockchain hub. The regulators in Dubai recently authorized the use of the Ripple RLUSD stablecoin and amended the laws to allow real-world asset tokenization. These trends indicate support for innovation in financial services.
The Dubai Multi Commodities Centre is a major hub of blockchain startups with more than 600 crypto companies. There is also increased interest in other regions such as DIFC and One Central. The region is set to draw investors with improved and clear regulations.
Also Read | Dubai Launches $16B Real Estate Tokenization Platform on XRP Ledger