The Open Network (TON) has introduced a new path to UAE residency, enabling applicants to secure Golden Visas by staking cryptocurrency instead of purchasing real estate or meeting income requirements. The program allows individuals to qualify by locking $100,000 worth of TON tokens for three years, along with a $35,000 processing fee. The application is processed through a decentralized smart contract, with the full procedure taking less than seven weeks from document submission to visa issuance.
Applicants retain complete control over their staked assets throughout the lock-up period. The mechanism is implemented on the TON blockchain, with smart contracts publicly verifiable. Unlike traditional Golden Visa routes that typically require a minimum real estate investment of $540,000 or long-term fixed deposits, this offering serves as an alternative entry point into the UAE without illiquid commitments.
The application process begins with the first submission and staking, followed by a merit-based review phase. Once approved, visa processing is handled by local UAE partners. Residency extends to the applicant’s spouse, children, and parents, with no additional costs outside standard government fees.
Expected staking returns are estimated at 3–4% annually over the three-year period. These returns apply to the locked TON tokens and are subject to the token’s network economics during the period.
As of press time, Toncoin (TON) experienced a price growth of 8.03% as it rose to the level of about $2.97 per 24 hours. The token was sold on the high side of the $3.00, and then closed a few cents under this figure. This price movement was after a day of trading in stable levels between $2.74 and 2.76 with the breakout starting in the midday trading session.
The market capitalization of TON went up to $7.33 billion, which means an 8.04% increase. The volume of the trading increased to 470 million, which was a 254.77% improvement made after the previous sessions. The ratio of volume to market cap was 6.37%, which means that the market was also more active than the tokens. The fully diluted valuation of TON managed to hit the level of 15.25 billion. The circulating supply of tokens is 5.13 billion, where the maximum supply has not been capped. The total holder number is 151,550, which is an indication of minimal growth in the community.
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Author: NixCoin
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