The staking process is managed through a decentralized smart contract on the TON blockchain, ensuring security and transparency throughout the investment period.

This initiative has generated excitement within the cryptocurrency community, positioning Dubai as a burgeoning crypto capital due to its progressive regulations and tax incentives.

Despite the enthusiasm, skepticism exists regarding the initiative's legitimacy, as it currently does not represent an official partnership with the UAE government.

The collaboration may influence global perceptions of digital currencies, potentially leading to similar initiatives in other countries.

The TON Foundation has assured that it operates within the legal framework of the UAE's Golden Visa program, with further official announcements expected soon.

Telegram’s Open Network (TON) has introduced a 10-year UAE Golden Visa for investors who stake $100,000 in Toncoin for three years, marking a notable advancement in crypto residency options.

This initiative aligns with the UAE's economic diversification strategy, aiming to reduce reliance on oil and gas while promoting technology and finance sectors.

Participants can expect an annual yield of 3%-4% on their staked assets, which could attract significant investment from larger holders in the crypto community.

The application process is designed to be swift, with visa approval expected within seven weeks of document submission, a relatively quick turnaround compared to typical processing times.

The market's positive response to the visa program has driven demand for Toncoin, enhancing its liquidity and stability, which benefits both investors and the broader cryptocurrency ecosystem.

Unlike traditional residency options that typically require substantial investments in real estate or educational achievements, this program offers a more flexible pathway without such prerequisites.

The visa allows immediate family members, including spouses and children, to be included at no extra cost beyond standard government fees.