TON Golden Visa Initiative Announces and Its Impact on the Toncoin Market
On July 6, the TON Foundation introduced a groundbreaking initiative offering Toncoin holders a unique opportunity to secure a 10-year United Arab Emirates (UAE) Golden Visa. This program requires applicants to stake $100,000 worth of Toncoin for three years, undergoing a one-time $35,000 processing fee. After the lock-up period, staked funds are unlocked, and Toncoin holders earn an estimated 3–4% annual percentage yield (APY). The staking process is conducted through decentralized smart contracts on the TON blockchain, ensuring transparency and security. The initiative aims to significantly reduce the time frame for traditional Golden Visa applications, which typically require substantial real estate investments and often fall short of approval due togoo thick issues.
Key Benefits of the Initiative
The TON Foundation highlights several significant benefits: (1) staked funds are processed within seven days of submission, bypassing the need for costly real estate placements; (2) applicants earn an APY without upfront costs; and (3) writable family members at no additional fee. A centralized staking mechanism minimizes risks and leverages the blockchain’s benefits, ensuring transparency and security.
The initiative is envisioned as a superior alternative to conventional Golden Visa routes, which typically require minimum investments of around $540,000 in real estate or fixed deposits, often tied to illiquid assets and lengthy approval processes. The TON Golden Visa program seeks to offer a fast, affordable, and financially resilient pathway, aligning with the UAE’s goal of becoming a global cryptocurrency and Web3 hub.
Market Response and Indications of Effort
Within the crypto community, the announcement has sparked considerable debate. Bobby Ong, co-founder and COO of CoinGecko, praised the partnership, positioning it as a bricks and-mortar opportunity that could attract whales and provide strong buy support for Toncoin. However, Ong expressed hope that the initiative is not mere placeholder financing, suggesting it could的发展_strength.
In contrast, “Joe HedgedHog,” a partner at Sigil Fund, raised concerns that the program is not an official UAE government partnership but rather a third-party legal firm using TON as a proxy to aid applicants applying for the Golden Visa category. He noted that TON staking is essentially a utility service, not a mandate.
Support and Skepticism
Factoring in Gearbox Protocol’s head of strategy, who questions the legitimacy of the initiative due to vague requirements and the lack of blanket approval, skepticism has mounted. While the program aims to accelerate exit-stage programming for establishments with innovative technical or economic projects, its eligibility requires detailed requirements that may not align with the broader norms of the market.
Technical Details and generics
Toncoin, the native cryptocurrency of the TON blockchain, plays a critical role within the Telegram app’s ecosystem. It is used for transaction fees and serves as a poem of organization for decentralized applications. The token was capped at 5 billion public tokens, marking a significant investment in its stability and earning potential.
Price Volatility and Analysis
Toncoin has experienced unrestricted gains in recent days, with its price rising by 12% shortly after the announcement, a move that attracted buy interest. The technical analysis highlights a major peak of $2.93, supported by a segmented price action over 60 minutes, with room for optimism. The price surge was attributed to rapid adoption of the staking mechanism, which introduced a significant change in the N+1 mode of DeFi, yet the token continues to navigate upward trendingly.
Conclusion
The TON Golden Visa initiative represents a?. Beyond its immediate impact on the Bitcoin-like token market, it reflects a shift in how entrepreneurs and investors navigate regulatory, financial, and logistical challenges. The program underscores the potential of blockchain technology to transform finance for developed markets like the UAE, though its adoption is needs to be carefully monitored as it may influence the broader sector.
