06.07.2025 13:42

Toncoin's price surged to a 19-day high, exceeding $3, following the announcement of a groundbreaking partnership. This collaboration between the Toncoin team and the United Arab Emirates offers a ten-year golden visa to individuals who stake $100,000 worth of TON for a minimum of three years.

The initiative, detailed in an official announcement, ensures that the staked TON remains fully accessible to the user after the three-year period concludes. Furthermore, participants can expect an annual percentage yield (APY) of approximately 3-4% during this time. This entire process, transparently conducted via a decentralized smart contract on the TON blockchain, allows for complete verifiability.

Applicants must submit their application and stake the required assets, triggering a confirmation and review procedure handled by Toncoin's UAE visa partner. Following a review, applicants will receive guidance through the final stages of the application, with the entire process estimated to take up to seven weeks. Unlike traditional golden visa applications, which can take six months and cost over $500,000, this program eliminates the need for real estate purchases or high income thresholds. Furthermore, the visa extends to spouses, children, and parents at no extra cost beyond standard government fees.

The news rapidly impacted Toncoin's market performance, resulting in a double-digit price increase before settling slightly below $3 at the time of writing, according to data from CoinGecko. This innovative program presents a significantly more efficient and affordable path to UAE residency, leveraging blockchain technology to streamline the process.