Quote from: OmegaStarScream on Today at 12:05:56 PM

TON hodlers can now stake 100K $ (plus a one-time 35k $ processing fee) worth of Toncoin for 3 years in exchange for a 10-year UAE Golden Visa. This could also include your immediate family members (parents, children, and spouse) at no additional cost (aside from the goverment fees).

This means that you must stake $100,000 in Ton over a period of at least three years, plus a $35,000 fee. After that, you can apply for a Golden Visa. Right? But isn't this amount alone enough to obtain extended residency in the UAE and enjoy all the benefits? I know entrepreneurs who have invested much smaller amounts in projects they launched in the UAE and obtained permanent residency, or renewable residency depending on the circumstances.

Okay, the idea is good, and I find it an innovative way to adopt crypto, but I don't think many will benefit from it, since anyone with a surplus of more than $135,000 wouldn't need this visa, even if they were in paradise, not the UAE.

On the other hand, I would like to understand how this positive alliance between Ton and the UAE authorities arose to grant such benefits. Is it intended to attract substantial investments? But the three year staking period is too long.