The Open Network (TON) has unveiled a United Arab Emirates (UAE) Golden Visa program that sharply lowers financial requirements for long-term residency compared to traditional options. Eligible candidates must stake $100,000 worth of Toncoin (TON) for three years and pay a one-time $35,000 fee to secure 10-year residency.
Announcement of the program triggered an immediate surge in Toncoin’s market price, though analysts note potential investors should weigh inherent cryptocurrency volatility. Participants stand to gain dual benefits: residency rights and staking yields potentially reaching 3% to 4% on their locked assets.
The initiative supports the UAE’s strategy to position itself as a global digital asset hub, building on existing regulatory frameworks and the presence of over 600 crypto firms operating within Dubai’s specialized free zones. This marks a targeted approach to attract blockchain-focused talent and capital through reduced entry barriers.