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TON Launches Innovative UAE Golden Visa Program Through Crypto Staking
In a groundbreaking move, The Open Network (TON) has announced the introduction of its new UAE Golden Visa program, enabling applicants to secure 10-year residency in the United Arab Emirates by staking $100,000 worth of TON tokens for three years. This bold initiative is poised to revolutionize the traditional visa application process by offering a more accessible and streamlined path.
According to reports, the innovative program eliminates the conventional requirements of real estate purchases or minimum income thresholds, replacing them with a merit-based selection process through selective review. This shift in approach promises faster processing times, with approval granted within under seven weeks from document submission.
One of the most significant benefits is that staked assets remain under user control throughout the lock-up period, utilizing decentralized smart contracts on the TON blockchain for real-time verification. The crypto-based visa route allows applicants to maintain digital asset liquidity, unlike traditional options requiring a minimum $540,000 investment in real estate or fixed deposits.
To be eligible for this unique program, candidates must first submit their application and then pay the necessary fees and stake the required amount of TON tokens. Upon approval, UAE-based partners will manage visa processing, followed by country entry and residency status confirmation.
Source: cryptobriefing.com
