To participate in the program, applicants must invest $100,000 in Toncoin tokens for a period of three years and pay a fee of $35,000. This approach differs significantly from the traditional requirements for obtaining a golden visa in the United Arab Emirates, which typically requires an investment of at least $540,000 and a lengthy application review process.
Maximilian Kraun, CEO of the TON Foundation, emphasized that the initiative is not just about obtaining a visa, but about opening up new opportunities through the use of cryptocurrency. He also expressed gratitude to partners in the UAE for their support and trust, which contribute to the implementation of this innovative program.
Token staking under this offer is carried out through a decentralized smart contract, which provides investors with an income of 3-4% per annum. On average, the process from filing an application to receiving a visa takes about seven weeks. In addition to the main applicant, the program applies to his or her family members - spouse, children and parents.
Earlier, other cryptocurrency-related initiatives were announced in the UAE: the sovereign wealth fund ADQ, together with the IHC holding and First Abu Dhabi Bank (FAB), launched a stablecoin pegged to the national currency - the dirham.
Such cooperation between the crypto industry and the UAE government demonstrates the country's growing interest in digital assets and innovative financial instruments, which in turn stimulates the development of blockchain technologies and expands opportunities for investors around the world.
Overall, the program from the TON Foundation is a new format for obtaining a long-term residence permit in the UAE, making this process more accessible and technologically advanced through the use of Toncoin tokens and staking. This opens up new horizons for those who want to combine cryptocurrency investments with lucrative migration opportunities.