Telegram's Toncoin (TON) Price Skyrockets, Thanks to Major Golden Visa Deal with UAE

Key Points

1. The UAE's golden visa offer requires a $100,000 TON investment locked for three years, yielding a 3-4% annual return.

2. TON's price rose from under $2.75 to nearly $3.08 (a 12% spike) after the announcement, reversing a multi-day downtrend.

3. The deal positions TON as an early mover in crypto-based immigration solutions, leveraging Telegram's large user base.

4. Investors retain custody of their TON tokens, which are staked via a smart contract during the lockup period.

5. The standard UAE golden visa application cost is $35,000, but the TON staking option provides an alternative pathway.