Toncoin (TON) Surges 8% as UAE Golden Visa Program via Crypto Staking Goes Live

The Open Network (TON) has launched a revolutionary UAE residency program, enabling applicants to obtain Golden Visas by staking $100,000 worth of TON tokens for three years. This program eliminates traditional requirements like real estate investments or income proofs, offering a 3–4% yield on staked assets through blockchain-based smart contracts for full transparency.

Following the announcement, Toncoin's price jumped 8% with trading volume skyrocketing 254%, signaling strong market confidence. The process, completed in under seven weeks, starkly contrasts with conventional visa routes that demand $540,000 in property investments or illiquid fixed deposits.

"This redefines wealth preservation mobility," noted a Dubai-based immigration consultant, highlighting the program's appeal to crypto-savvy investors. The staking mechanism allows asset control during the lock-up period, with all contracts verifiable on TON's blockchain.