- TON Foundation offers a UAE visa for Toncoin staking.
- Applicants must stake $100,000 Toncoin for three years.
- Processing fee is set at a non-refundable $35,000.
TON Foundation and UAE partners launched a new initiative offering a 10-year visa in exchange for a $100,000 Toncoin stake.
The partnership introduces a significant opportunity for blockchain-based residency investments, potentially impacting market behaviors and regulatory frameworks.
The partnership between the TON Foundation and UAE government aligns with emerging trends in blockchain residency programs. Applicants must stake $100,000 in Toncoin for three years, gaining a 10-year UAE Golden Visa.
The initiative reflects UAE’s strategic focus on attracting crypto investments. However, unlike traditional programs, this partnership enables staking on Toncoin’s decentralized smart contracts. While targeting high-net-worth individuals, mainstream institutional interest is not evident.
This is the first instance where foreign residency by investment is directly and fully managed, locked, and enforced on-chain via a decentralized contract and a proof-of-stake mechanism. — TON Foundation Leadership, TON Foundation
The market responded with a 10% surge in TON’s price, showcasing robust community interest. Programme conditions require a separate $35,000 non-refundable fee, further delineating its appeal to affluent investors.
Analysts suggest the model could redefine how blockchain and residency interact, with broader implications for technology-driven investment. While public statements from key figures remain limited, the programme is likely to influence broader adoption of similar crypto-based initiatives.
Ongoing developments in the blockchain residency space spotlight potential regulatory changes, involving increased scrutiny or adaptation to ensure compliance. Stakeholders are advised to watch for updates on the legality and impact of these innovations.
