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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- Stake assets remain with the user and can be fully withdrawn after 3 years.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.