Toncoin (TON), a popular blockchain project affiliated with Telegram, has signed a remarkable partnership with the United Arab Emirates (UAE). According to the official announcement, TON users will now be able to stake $100,000 in TON and earn a 10-year UAE Golden Visa.
According to the information shared on Toncoin’s website, the details of the program are as follows:
Application Requirements:
- $100,000 worth of TON tokens will be staked for 3 years. During this time, the tokens will remain locked.
- A one-time processing fee of $35,000 will be charged.
According to the official website, the program features will be as follows:
- The process from application to visa approval is completed in less than 7 weeks.
- Instead of a real estate investment of over $500,000 required in traditional visa programs, staking just TON is sufficient.
- Spouses, children and parents can also benefit from the same visa (only standard government fees are paid).
- Stake assets remain with the user and can be fully withdrawn after 3 years.
- It is expected to provide 3–4% annualized returns (APY may vary depending on the price of the TON token) during the staking period.
Since many scammers may imitate the TON website during this event, it is important to make transactions from TON’s official website. From time to time, scam websites may appear at the top of Google searches.
*This is not investment advice.
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