The project of The Open Network reported partnership with the authorities of the United Arab Emirates (UAE), thanks to which the resident’s gold visa for the family can receive a Ton coin steak.

Candidates for receiving a gold visa must place $ 100,000 in Toncoin tokens for three years and pay for a commission of $ 35,000. In contrast to the traditional ways to receive a gold visa in the Emirates, in this case, the purchase of real estate or large bank deposits is not required, representatives said Ton Foundation.

“We are talking not only about visas, we are talking about opening doors to real capabilities with the help of cryptocurrency. Many thanks to our UAE partners for their vision, support and trust, ”said Ton Foundation CEO Maximilian Krown.Max Crown).

The tokens staying are implemented through a decentralized smart contract, coin owners can count on a profit of 3-4% per annum, Ton said. From the moment the application is submitted to the visa, it takes about seven weeks, the program applies to the spouse/spouse, children and parents of the main applicant.

Now The standard Golden Visa of the UAE involves investment from $ 540,000 with a longer consideration.

Previously, the ADQ sovereign investment fund, IHC and FIRST Abu Dhabi Bank (FAB), announced the creation of a stabilcoin tied to the UAE national currency – dirham.