Telegram’s Open Network (Ton) today announced An interesting initiative: a 10-year Golden Visa for the VAE for investors who are committed $ 100,000 to Toncoin (Ton) for three years. The program drastically reduces the access threshold for residence in the United Arab Emirates and is the first of its kind in the crypto space.
How the Ton Golden Visa works
According to the new schedule, applicants must use at least $ 100,000 in Ton -Tokens for three years via a decentralized smart contract on the Ton Blockchain. The process is completely transparent and verifiable and ensures that investors maintain control of their funds during the locking period. It should be noted that, in addition to the deportation requirement, there is a one -off government processing costs of $ 35,000.
Successful applicants and their immediate family members, including spouses, children and parents, receive a 10-year-old Golden Visa for renewable VAE, allowing them to live, work and invest in the country. The entire process can be completed in less than seven weeks, which is a significant improvement compared to traditional routes that often require at least $ 540,000 in illiquid assets and longer processing times.
Strikers also benefit financially: the program offers an estimated 3-4% annual return on the Ton used during the three years, and all funds are completely unlocked at the end of the term, regardless of market conditions.
Community reactions and social buzz
The announcement generated a considerable excitement in the crypto community, which in particular looked at the of the VAE, and Dubai, as the emerging crypto capital of the world. Ash Crypto tweeted:
“Breaking: Ton has just worked together with the VAE to offer 10 years of Golden Visa to Ton Strikers. – Stuck $ 100,000 $ Ton for 3 years – 10 years Dubai Golden Visa”
CEO of the Ton Foundation, Max Crown enthusiastic:
“Great News! Toncoin has just launched a groundbreaking initiative and offers Ton Holders the exclusive opportunity to secure a 10-year gold visa.”
Why Dubai? Crypto acceptance and worldwide profession
Dubai and the VAE quickly become a global hub for digital assets, thanks to progressive regulations, tax stimuli and a flourishing blockchain ecosystem. The recent switch from the country to release crypto transactions from the 5% tax with added value, retroactively from January 2018, confirms its appeal to crypto entrepreneurs and investors further.
The regulatory clarity of the VAE, powered by authorities such as the Virtual Assets Regulatory Authority (VARA), and the proactive approach to innovation have attracted large crypto companies, including Binance, Crypto.com and Bybit.
As CryptoSlate recently reported, Dubai’s combination of clear rules, government involvement and controversial blockchain events has made it a magnet for top crypto companies and talent from all over the world.
A new era for residence by crypto
Ton’s Golden Visa program is an ambitious step in the integration of Crypto-Real-World, which reduces the financial barrier to the long-term long-term residence and a transparent, blockchain-based process offers the doors to a new class of worldwide digital nomads.
While the VAE continues to position itself as a leader in blockchain and digital assets, these types of initiatives will probably continue to accelerate the acceptance of crypto.
