TON Offers UAE Golden Visas for Toncoin Staking

This new visa option allows investors to stake Toncoin valued at $100,000 for three years. Unlike traditional routes requiring real estate investments, this partnership opens accessibility to crypto investors without needing physical assets.

The program requires a one-time processing fee of $35,000 and offers annual yields between 3–4% on staked Toncoin. This lowers traditional entry costs significantly, thereby enhancing its appeal among high-net-worth individuals interested in digital investments. Bobby Ong, Co-founder of CoinGecko, opined on the accessibility of the visa route:

“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.”

The announcement resulted in a 6% price jump in Toncoin, underscoring market enthusiasm. The visa’s introduction is expected to bolster staking activity, reducing circulating liquidity and affecting on-chain data positively.

Financial implications include potential increases in Toncoin lockup and market activity. It might spur similar crypto-friendly residency programs globally, pending regulatory acceptance and official partnerships with governments.

Insights on future outcomes hinge on elements like regulatory acceptance and the program’s sustained attraction. Historical trends from similar initiatives show potential for short-lived price surges and increased blockchain engagement, as seen in other jurisdictions with crypto investment schemes.