TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

The Open Network (TON), the blockchain ecosystem originally incubated by Telegram, has launched a new residency program offering UAE Golden Visas through crypto staking, allowing applicants to qualify by staking $100,000 in TON tokens for three years alongside a $35,000 processing fee. The program eliminates traditional requirements like real estate purchases or minimum income thresholds. Instead, candidates undergo a merit-based selection process through selective review. Staked assets remain under user control during the lock-up period, with the staking mechanism implemented via a decentralized smart contract that can be verified on the TON blockchain. The process takes under seven weeks from...