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TON Introduces UAE Golden Visa Program Through Crypto Staking
In a groundbreaking move, The Open Network (TON) has announced the launch of a new residency program offering UAE Golden Visas to applicants through a unique crypto-based approach. This innovative solution eliminates traditional requirements like real estate purchases or minimum income thresholds, instead, allowing participants to qualify by staking $100,000 in TON tokens for three years alongside a $35,000 processing fee.
As outlined on TON’s website, the new program lowers capital requirements and accelerates processing timelines compared to conventional visa paths. This alternative route provides applicants with lower barriers of entry while maintaining digital asset liquidity during the lock-up period. The staked assets remain under user control throughout the duration via a decentralized smart contract that can be transparently monitored on the TON blockchain.
The application process begins with an initial submission and proceeds through a selective review phase after payment of fees and token staking. Once approved, UAE-based partners handle visa processing, followed by entry to the country and residency status confirmation.
In contrast, traditional UAE Golden Visa routes typically demand a minimum investment in real estate or fixed deposits worth $540,000, often accompanied by limited liquidity and an extended approval window spanning three to six months. By lowering capital requirements and reducing processing times, TON’s innovative offering presents a more accessible and efficient pathway for individuals seeking residency in the United Arab Emirates.
It is essential for interested applicants to note that the program projects 3-4% annual returns on staked TON tokens over the three-year period.
Source: cryptobriefing.com
