The UAE denies the connection between Golden Visa and staking of TON
The post The UAE denies the connection between Golden Visa and staking of TON appeared on BitcoinEthereumNews.com. The recent announcement about TON and the possibility of obtaining a Golden Visa of the United Arab Emirates quickly captured the attention of investors and cryptocurrency enthusiasts. In the context of a growing openness of the Emirates towards the blockchain sector, this proposal of “digital residency” promised a turning point, but the official developments shed light on important limitations and clarifications. The proposal of TON: a revolutionary offer for the Golden Visa UAE TON, the blockchain created by Telegram, has introduced what it defines as a new way to obtain UAE residency. The conditions were clear: staking $100,000 in Toncoin (the native asset of the network) for three years, plus a one-time fee of $35,000. In less than seven weeks from the submission of the documents, the path should have led to a ten-year residence visa, managed by local partners in the Emirati territory. This program also promised the involvement of the family: spouses, children, and parents would have been included without additional costs beyond the expected government ones. Not just residence: the proposal of staking TON guaranteed decentralized control over the funds, validated by a smart contract on the blockchain publicly visible. In addition, participants would benefit from estimated annual returns between 3% and 4%, thus increasing the appeal for crypto investors already active in search of portfolio solutions that combined yield and legislative advantage. Golden Visa at a reduced cost: a comparison with traditional routes The proposal put forward by TON broke with the usual paradigms of access to residency in the United Arab Emirates. Usually, to obtain the valuable Golden Visa, one must invest at least $540,000 in illiquid assets, generally real estate or long-term fixed deposits. Instead, the threshold of $100,000 in Toncoin represented an 80% reduction in the entry barrier, offering a much more financially…
The post The UAE denies the connection between Golden Visa and staking of TON appeared on BitcoinEthereumNews.com.
The recent announcement about TON and the possibility of obtaining a Golden Visa of the United Arab Emirates quickly captured the attention of investors and cryptocurrency enthusiasts. In the context of a growing openness of the Emirates towards the blockchain sector, this proposal of “digital residency” promised a turning point, but the official developments shed light on important limitations and clarifications. The proposal of TON: a revolutionary offer for the Golden Visa UAE TON, the blockchain created by Telegram, has introduced what it defines as a new way to obtain UAE residency. The conditions were clear: staking $100,000 in Toncoin (the native asset of the network) for three years, plus a one-time fee of $35,000. In less than seven weeks from the submission of the documents, the path should have led to a ten-year residence visa, managed by local partners in the Emirati territory. This program also promised the involvement of the family: spouses, children, and parents would have been included without additional costs beyond the expected government ones. Not just residence: the proposal of staking TON guaranteed decentralized control over the funds, validated by a smart contract on the blockchain publicly visible. In addition, participants would benefit from estimated annual returns between 3% and 4%, thus increasing the appeal for crypto investors already active in search of portfolio solutions that combined yield and legislative advantage. Golden Visa at a reduced cost: a comparison with traditional routes The proposal put forward by TON broke with the usual paradigms of access to residency in the United Arab Emirates. Usually, to obtain the valuable Golden Visa, one must invest at least $540,000 in illiquid assets, generally real estate or long-term fixed deposits. Instead, the threshold of $100,000 in Toncoin represented an 80% reduction in the entry barrier, offering a much more financially…
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