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Toncoin UAE Golden Visa program
Key Points:* Toncoin partners with UAE for a blockchain-based 10-year Golden Visa program.
This initiative marks the UAE’s first blockchain-native residency program, contrasting with traditional asset-based schemes. It highlights growing adoption trends and signals future opportunities for cryptocurrency-facilitated residency tracks globally. See tweet
Toncoin’s $100,000 Investment for UAE Golden Visas Explained
Toncoin has joined forces with the UAE to provide foreign investors with 10-year Golden Visas. By staking $100,000 in Toncoin for a minimum of three years, eligible individuals can access this visa program. The funds remain under the control of users via a decentralized smart contract, adding a layer of trustworthiness to the scheme.
Stakeholders receive annualized returns estimated between 3% and 4% during the staking period. While this program transforms the visa application process, interested parties must pay a $35,000 handling fee. No external funding or institutional aid supports this initiative, marking it more as a residency-by-investment scheme facilitated by blockchain.
UAE’s First Blockchain Residency: Toncoin’s Global Impact
Did you know? The integration of blockchain technology in residency programs could reshape how countries attract foreign investment.
Toncoin is currently priced at $2.90, with a market cap of approximately $7.17 billion according to CoinMarketCap. The token sees a 5.30% rise over 24 hours amid broader market volatility. Its trading volume reached $233.35 million, reflecting a 72.86% change.
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