Open Network (TON), the Blockchain platform left the telegram, has presented a new path to the EAU residence, offering 10 -year gold visas to the applicants who participate for a value of $ 100,000 in Toncoin (Ton) for three years and pay a single $ 35,000.
“He ensures his golden visa in less than 7 weeks since the presentation of documents to the Visas Office,” Ton announced on Saturday, detailing that with the members based in the EAU will manage the processing of the visa and the confirmation of the state of residence.
Applicants retain control of their assets Duration of the sting period through a verifiable intelligent intelligent contract in the TON block chain. In addition, the program promises estimated annual yields or from 3% to 4% in the assets staked, adding an incentive for cryptographic investors.
The Golden Visa extends the coverage to the members of the IMEDIATED family, including spouses, children and parents, at no additional cost beyond the standard government rates.
Related: Toncoin increases when Pavel Durov leaves France after months
Ton Lowers Gold Visa input Cost by 80%
Conventional Gold Visas routes of EAU generally require a minimum investment of $ 540,000 in ilequid assets. In contrast, the TON program requires only $ 100,000 in staked tons, offering a significantly lower entry point.
“The entrance is 5 times lower than a real estate investment / FD equivalent and will certainly attract the attention of the whales to take a look at Ton and consider this as an option”, Bobby NGO, co -susting co -sight, write in X.
After the ad, the price of Toncoin increased approximately 10%. At the time of writing, the Token is quoted at around $ 2.98, more than 8% on the last day. However, the Token has still decreased by more than 60% during the past year, according to Coinmarketcap data.
Related: Ton blockchain network backing online after the interruption of letters
Eau to the state of cement as hub blockchain
The cryptography -based residence program reflects the impulse of the EAU to establish themselves as a main destination for blockchain innovation.
Last month, the Dubai Financial Services Authority (DFSA), the Financial Regulator by the International Financial Center of Dubai (DIFC), approved Rlusd Stablecoin de Ripple.
In May, Dubai’s cryptographic regulator updated its guidelines to include provisions for the token of the real world asset (RWA). Attorney Irina Heaver told Cointelegraph that these rules give emitters and exchanges a clear path to launch and trade tokenized real estate assets.
Meanwhile, the Free Zone of the Dubai Multi Comodities Center has attracted more than 600 cryptographic companies, with more companies that go into mass to the International Financial Center of Dubai and a central district as the country is positioned as leader in digital finances.
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