🌍 Toncoin explodes after launching blockchain residency program in UAE
Toncoin ($TON ) has just recorded an impressive increase of 8% in 24 hours, after announcing the “golden visa” program in the UAE – allowing users to stake 100,000 USD TON for 3 years in exchange for a 10-year visa. This is the first residency initiative applying blockchain to replace traditional real estate, opening the door for crypto investors to access premium residency benefits at a reasonable cost.
Currently, TON is trading around $2.98, with a market cap soaring to 7.5 billion USD. The price has surpassed the 7-day SMA and EMA, indicating a short-term upward trend. The RSI is also recovering from the oversold region, opening up room for further increases.
The program also locks up TON supply, creating deflationary pressure and reinforcing the price. If 1,000 people participate, approximately 100 million USD TON will be locked. The attractive staking yield of 3–4% per year, combined with the ability to withdraw the principal after 3 years, further attracts long-term investors.
This strategic move helps TON expand its influence globally, connecting crypto investors with practical benefits – not just price, but also the freedom of residency.