The Open Network (TON) has introduced a crypto-based method for obtaining a 10-year UAE Golden Visa through Toncoin staking, requiring a $100,000 TON deposit and a $35,000 processing fee.
The program offers quicker processing times, yields of 3-4% annually, and covers the immediate family with no additional investment necessary.
Toncoin's price surged over 10% post-announcement, showcasing investor confidence despite the lack of formal government affiliation, drawing criticisms from some crypto commentators.
The UAE's ambition to be a global crypto and blockchain center aligns with the TON program, as seen with recent authorizations and improved regulations, positioning the region as attractive to investors.