- Toncoin offers a new path to UAE residency through staking.
- Price of TON surged following the news.
- The market response indicates strong interest.
Toncoin has partnered with the UAE government to provide a 10-year golden visa to individuals who stake $100,000 worth of TON tokens for three years. This initiative, officially announced by the TON Foundation, emphasizes the importance of using official sources.
The partnership between Toncoin and the UAE introduces a novel approach to acquiring residency, impacting market dynamics and showcasing Toncoin’s influence and adoption.
The UAE program allows investors to obtain a golden visa by staking $100,000 of TON tokens for three years, paired with a one-time $35,000 government fee. This visa benefits stakers and their families.
The announcement’s immediate impact was evident with an 8-10% price surge in TON. The staked tokens remain locked for the period, ensuring liquidity while offering 3-4% annualized returns.
By opting for a crypto staking strategy, the UAE has diverged from its previous real estate-centric visa model, while reinforcing its image as a forward-looking country in blockchain innovation. This event may set precedence for other nations.
No direct statements have been issued by key crypto influencers or UAE officials. However, the responses within cryptocurrency communities highlight both excitement and prudence regarding potential implications on residency laws globally.
Potential outcomes of this project may influence future regulatory approaches to crypto, with the UAE’s application possibly serving as a model for similar initiatives. As crypto adapts to real-world scenarios, blockchain technology’s role in governance, finance, and societal regulations is expected to evolve further.
Stake crypto, unlock residency—here’s how it works. — TON Foundation
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| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
