Toncoin Skyrockets After Bold Crypto Staking Visa Claim — Is the UAE Offering Residency for Crypto?

Updated

July 7, 2025

Gambar Toncoin Skyrockets After Bold Crypto Staking Visa Claim — Is the UAE Offering Residency for Crypto?

Jakarta, Pintu News – Toncoin , the native token of The Open Network, recorded a double-digit price surge of more than 10% on July 6. This spike came after the project claimed an innovative Golden Visa program in collaboration with the United Arab Emirates (UAE).

The initiative is rumored to allow participants to obtain long-term residence permits by staking cryptocurrency, instead of meeting traditional requirements such as property ownership or certain income.

UAE changes visa model with new residency pathway through TON staking

🚀 Big News! 🚀

Toncoin has just launched a groundbreaking initiative, offering TON holders the exclusive chance to secure a 10-year Golden Visa! 🇦🇪✨

🔹 Stake $100K in $TON for 3 years
🔹 Pay a one-time fee of $35K
🔓 Unlock funds after 3 years

This isn't just about visas,…
— Max Crown (@crownmax) July 6, 2025

Based on information from TON, applicants can qualify for a 10-year UAE Golden Visa by staking $100,000 worth of TON and paying a one-time processing fee of $35,000.

Staked tokens will be locked for three years via a non-custodial and verifiable smart contract on the TON blockchain. During this lock-up period, users retain full ownership of their assets, which will yield an annualized yield of approximately 3% to 4%.

Interestingly, TON’s Golden Visa is different from the traditional residency path which usually requires a fixed deposit or property investment worth more than $500,000.

Unlike the conventional Golden Visa which can take up to six months to process, this TON-based option reportedly offers a much faster approval time.

Applicants can expect their visas to be completed in less than seven weeks. In addition, they retain the liquidity of the staked assets, thus avoiding the illiquidity risk that often occurs with traditional investment visas.

UAE Positions Itself as a Global Crypto Hub

Following this announcement, the price of Toncoin surged by more than 10%. On July 6, the token was trading at around $2.96, up nearly 8% in the last 24 hours.

Market observers note that the program is in line with the UAE’s grand strategy to position itself as a global crypto hub.

“This opens the door for digital investors who prefer crypto over foreign hard assets. With Durov (founder of Telegram) being one of the few foreigners to be granted UAE citizenship, this move shows a deeper alignment of economic vision and digital sovereignty,” said Jayden of Genome Protocol.

Interestingly, this Middle Eastern country ranks third globally in the Henley Crypto Adoption Index for 2024.

According to the report, the loose regulatory environment and business-friendly policies in the UAE continue to attract crypto companies. This makes the UAE a prime destination for innovation and investment in the crypto sector.

Meanwhile, the UAE’s move reflects a broader global trend of integrating crypto into national residency programs.

The move follows El Salvador’s “Freedom Visa” program, which provides the opportunity to obtain citizenship through a $1 million Bitcoin or USDT investment into the country’s economy.

Similarly, this policy reflects Hong Kong’s recognition of Bitcoin and Ethereum as valid proof of assets for investment-based immigration applications.

UAE officials clarify situation regarding TON’s golden visa program

Today, UAE government officials denied the claims made by TON. The government urges citizens and potential applicants to trust only official sources regarding visa program eligibility.

In a joint statement from the Federal Authority for Identity, Citizenship, Customs and Port Security , the Securities and Commodities Authority , and the Virtual Assets Regulatory Authority (VARA), officials emphasized that investments in digital assets do not fall under the categories eligible for visas.

As a result, the TON team faced criticism from the crypto community.

FWIW. If this article is true (common sense says it is), then it's just aggressive/misleading marketing. DYOR.

You can pay $1k (in most major cryptos) to an agent to submit an application for a golden visa. No guarantees, but if you are worth your salt, there is a high chance…
— CZ 🔶 BNB (@cz_binance) July 7, 2025

“This is just aggressive and misleading marketing. DYOR (do your own research). You can pay around $1,000 (in mostly crypto) to an agent to apply for a golden visa. There’s no guarantee, but if you’re worthy, the chances of getting through are pretty high. Always wait for information from official sources before believing anything,” Changpeng Zhao, co-founder of Binance, said on the X platform.

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