Toncoin (TON) Rallies on UAE Golden Visa Staking Program Announcement
Toncoin (TON) experienced a price surge after the TON Foundation unveiled a UAE Golden Visa program linked to crypto staking. Participants must stake $100,000 worth of TON for three years, earning 3-4% APY, with residency processing completed within seven weeks. This digital-first approach contrasts with traditional methods requiring $540,000 in real estate investments and includes family coverage without income requirements.
Market reactions are divided, with some celebrating crypto's growing institutional adoption while others question the program's long-term viability. The TON blockchain's smart contracts ensure transparency in the staking mechanism—a critical feature for UAE regulators advancing crypto-friendly policies.