The Open Network's native token Toncoin (TON) has partnered with the United Arab Emirates government to offer 10-year "Golden Visas" to eligible investors who stake $100,000 worth of TON tokens for three years. This initiative, confirmed through verified industry sources, requires participants to lock assets via decentralized smart contracts while maintaining full custody of their tokens.
Stakers will earn 3-4% annual yield during the lockup period and gain residency benefits extending to spouses, children, and parents. The program carries a standard $35,000 UAE application fee with processing completed in under seven weeks. Market reaction was immediate, with TON price surging 12% from $2.75 to $3.08 within hours of the announcement – its largest hourly gain in weeks – reversing a multi-day downtrend.
This collaboration targets high-net-worth individuals seeking residency in a major crypto-friendly hub, potentially increasing Toncoin's Total Value Locked (TVL) and reducing circulating supply through long-term staking commitments. The UAE's endorsement positions TON as a pioneer in blockchain-based immigration solutions.