On the afternoon of July 6, Mr. Max Crown, CEO of TON Foundation, announced a unique program allowing investors to obtain a 10-year UAE Golden Visa by staking Toncoin (TON). This information immediately created a frenzy in the cryptocurrency market, attracting the attention of the global investment community.
The UAE Golden Visa is one of the most prestigious long-term residency visas in the world, providing the privilege to live and work in the country. According to TON Foundation, the Toncoin staking program offers an opportunity to access the Golden Visa through a simple, user-friendly Web3 process, including the following conditions:
- Staking $100,000 worth of Toncoin for 3 years through a decentralized smart contract on the TON blockchain.
- Paying a one-time, non-refundable processing fee of $35,000.
- After the staking period, investors can withdraw all tokens and receive an interest rate of 3–4% per year.
- The program includes spouses, children, and parents at no additional cost, aside from standard government fees.
- Quick approval time, only 7 weeks, without requiring property purchases or income verification.
This announcement was shared by Pavel Durov, the founder and CEO of Telegram, on his personal channel, increasing credibility and outreach within the TON user community. Durov’s support, as a highly influential figure in the tech industry, has reinforced confidence in the program’s feasibility.
TON Foundation positions this program as a groundbreaking solution that is capital-efficient and more flexible than traditional methods for obtaining a UAE Golden Visa, such as investing $540,000 in real estate or making fixed deposits. These traditional methods are often slow, lack liquidity, and are not suitable for modern digital investors. With Toncoin staking, investors can not only maintain asset liquidity but also have the opportunity to earn interest.
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Immediately following the announcement, the price of Toncoin (TON) surged by 12%, reaching $2.9 and maintaining a stable increase of about 5% in the next 24 hours. Trading volume also recorded an impressive increase of 250% compared to the 30-day average, reflecting strong FOMO (fear of missing out) sentiment from the investment community.
This program is not just a step forward in connecting blockchain technology with practical values like residency rights, but also affirms TON Foundation’s ambition to shape the future of digital finance. With backing from Telegram and growing market interest, Toncoin is gradually becoming one of the most notable projects in the cryptocurrency space.