Toncoin (TON) Surges 12% as UAE Launches Crypto-Backed Golden Visa Program

Toncoin rallied sharply after the United Arab Emirates introduced a golden visa program linked to $100,000 investments in TON tokens. Developed in partnership with Telegram's TON ecosystem, the program enables investors to retain custody of staked assets while earning 3-4% annual yields.

Unlike traditional immigration programs, participants lock funds in their personal wallets via smart contracts instead of transferring to intermediaries. The visa includes entire families and processes applications within seven weeks—far quicker than conventional systems.

TON's price jumped from $2.75 to $3.08, marking its strongest hourly gain in weeks and breaking a bearish trend. Analysts note renewed bullish momentum as the token tests key resistance levels.

This initiative highlights growing global experimentation with blockchain-based residency solutions, particularly in jurisdictions competing for crypto investment. Telegram's massive user base gives TON a unique advantage in cross-border financial innovation.