Toncoin (TON) Hits 19-Day High as UAE Offers Golden Visa Incentive for Stakers

Toncoin's price surged to a multi-week high following an innovative partnership between its development team and the United Arab Emirates. The UAE now provides a 10-year golden visa to participants who stake $100,000 worth of TON for three years—a MOVE that instantly boosted market sentiment.

The staked assets remain fully under users' control during the lockup period, with an estimated 3-4% annual yield. What makes this unique is the streamlined process: applications are handled through a verifiable TON blockchain smart contract, eliminating traditional requirements like real estate purchases or income verification. The visa also extends to family members with minimal government fees.

This stands in stark contrast to conventional golden visa programs, which often require $500,000+ investments and six-month processing times. The market reacted immediately, with TON's price action reflecting strong investor enthusiasm for this real-world utility play.