Tancoin can now be used to obtain a visa in Arab Emirates

The Ton team announced an association with the United Arab Emirates Government (EAU) through which they offer a 10 -year gold visa to investors who put in Staking a specific amount of the native cryptocurrency of the network, Toncoin (Ton), for at least three years.

As explained by the announcement made by the TON team, who deposit USD 100,000 in Ton Ton during A three -year fixed period They may request the golden visa.

The initiative to obtain the standking -based residence involves, in addition, A single processing rate of USD 35,000.

During the span of the blocking the ton tokens will not be able to withdraw, although “they will remain under user control” by being guarded by an intelligent contract. After the blocking period, participants will be able to recover all of their assets.

As the announcement clarifies, the processing of the visa is expected to take less than 7 weeks from the initial application. The spouses, children and parents can also qualify under the same visa paying standard government fees.

Additionally, it is projected that the TON tokens bet generated an annualized yield of 3 to 4 %, although the exact percentage will depend on the market price of the token during the period.

In that sense, Highlights the rise registered by Ton In the last hours, which exceeds 10%, leading to the cryptocurrency to quote above 3 dollars. At the close of this edition its value is estimated at $ 2.90.

The visa program implemented in the United Arab Issues to facilitate the obtaining of the residence, proposes a new migration model and replaces the traditional requirement to make a real estate investment of USD 500,000 or more. When using cryptocurrency staking there is a different alternative, which is considered more flexible.

The goal is to potentially reduce the input barrier for digital nomads and Native cryptocurrency professionals that seek a fiscal residence in the Middle East region.

The fact highlights The growing interest in this global ecosystem. A trend in which the United Arab Emirates is playing an outstanding role, such as cryptootics has reported. This, considering which strategy is part of the efforts that the government has been making to position the country as a business center of the Middle East and a HUB of cryptocurrencies worldwide.