Toncoin (TON) Jumps 12% as UAE’s Crypto-Backed Golden Visa Program Gains Traction

Toncoin (TON) surged following the United Arab Emirates' announcement of a residency-by-investment program linked to the cryptocurrency. The initiative requires locking $100,000 in TON for three years via smart contract, offering participants permanent residency rights plus 3-4% annual yields.

The altcoin climbed from $2.75 to $3.08 within hours, marking its largest hourly price movement in weeks. Trading volumes spiked as the rally broke a prolonged downtrend, with analysts highlighting a decisive push toward key resistance levels.

Unlike conventional golden visa programs, the TON-based system operates entirely on-chain through decentralized smart contracts. This structure removes intermediaries while extending benefits to investors' immediate family members for a flat $35,000 processing fee.