Toncoin Hits 19-Day High Following UAE Visa Offer for $100K in Staked TON
Main Idea
The Toncoin team has partnered with the UAE to offer a 10-year golden visa for participants staking $100,000 worth of TON for at least three years, with an estimated APY of 3-4%.
Key Points
1. Participants must stake $100,000 worth of TON for three years to qualify for the UAE's 10-year golden visa.
2. The staked TON remains fully owned by the participant and is verifiable on the TON blockchain.
3. The estimated annual percentage yield (APY) for staking is 3-4%.
4. UAE authorities will review applications and guide participants through the final steps, with only standard government fees applying.
5. TON's price surged to a 19-day peak above $3 following the announcement before slightly correcting to $2.93.
Description
The team behind Toncoin has partnered with the UAE to offer a 10-year golden visa for participants who want to stake $100,000 worth of TON for at least three years. Somewhat expected, the underlying asset experienced a sudden price pump when the news came out, hitting a multi-week peak. The details from the announcement read that the $100,000 worth of TON, which will be staked for three years, will remain “fully yours” and will be available to the user after the period ends. Moreover, the team o...
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