- Partnership with UAE enables Golden Visa via crypto stake.
- Includes $100,000 stake and $35,000 fee.
- Revolutionary shift in residency acquisition methods.
The Open Network (TON) collaborates with UAE-based partners on a 10-year Golden Visa initiative, allowing participants to secure residency through staking Toncoin, announced October 2023.
TON and UAE’s Vision for Residency
Commencing a collaborative initiative, The Open Network (TON) is transforming UAE residency methods via a new Golden Visa program. It enables investment through staking $100,000 in Toncoin. This represents a first among blockchain-powered residency options, differing substantially from traditional investment pathways.
The program enlists UAE-based partners for visa processing and residency confirmation. Market response saw Toncoin surge over 10%, reaching $3.02 post-announcement. Participants retain custody, benefitting from an estimated 3–4% annual yield.
Incorporating blockchain allows applicants to bypass conventional $540,000+ real estate investments—a pioneering approach within the crypto arena. Bobby Ong, a Crypto KOL, noted: “The entry is 5x lower than an equivalent real estate / FD investment and will certainly get the attention of whales to take a look at TON and consider this as an option.”
No institutional grants are filed; formal UAE governmental confirmation remains pending. Enthusiasts on social forums speculate increased Total Value Locked (TVL) and staking rates within the TON ecosystem. Speculative impacts on on-chain data and liquidity remain positive, yet broader regulatory clarifications are anticipated.
The endeavor signals a potential shift in how high-net-worth individuals consider residency options, potentially influencing regulatory frameworks and the broader crypto-economic landscape. As the program evolves, market analysts will closely watch these dynamics.
