Changpeng Zhao, former chief govt officer at Binance, has said that the corporate will attempt to implement a program providing a 10-year UAE Golden Visa in alternate for staking tokens for BNB holders.
As reported by U.Right now, TON Basis not too long ago launched such a program in collaboration with personal UAE-based companions.
With a view to get the visa, TON holders should pay a one-time processing payment of $35,000 and stake $100,000 value of tokens for a complete of three years.
The visa, which covers your partner, kids, and oldsters, will likely be legitimate for a decade.
The long-term residency visa makes it doable to work, examine, and dwell within the UAE with out requiring a sponsor. It additionally permits you to absolutely personal a enterprise within the nation and acquire entry to the nation’s personal providers.
The standard method of getting a UAE Golden Visa usually includes an funding of at the very least $500,000 in actual property.
Therefore, the TON program is far more inexpensive. Nonetheless, it ought to be famous that this isn’t an official authorities program.
It stays to be seen whether or not Binance will really provide you with the same providing. Zhao stated that he has not been in a position to confirm this system.
“I would count on one thing like this to have a authorities partnership, and announcement. It’d nonetheless be true, simply saying I have never been in a position to confirm,” CZ stated.