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strong buy
TON

TON Boosts Ecosystem with Visa Program & Major Investment, Gains over 10%

The Open Network (TON) has rolled out an affordable route to UAE residency through its Golden Visa program, which involves staking $100,000 in Toncoin (TON) for three years along with a $35,000 fee. The process promises visa approval within seven weeks, with assets under control via decentralized smart contracts on the TON blockchain. Following this announcement, Toncoin saw a surge of over 10%. Moreover, Pudgy Penguins will launch Pengu Clash, a skill-based Web3 game on TON, emphasizing play-to-win mechanics. Additionally, the platform Affluent offers a streamlined DeFi investing experience on Telegram, with automation features like Strategy Vault. Meanwhile, the TON Foundation is securing $400 million to boost the ecosystem. Recent news also mentions Pavel Durov's detention in France, potentially a political move, despite Telegram’s compliance efforts.
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AI Analysis

The latest developments highlight TON's strategic efforts to expand its ecosystem and global presence. The introduction of the UAE Golden Visa program through staking demonstrates a creative use of bl...

AI Recommendation

Considering the positive developments such as the visa program, major investment, and ecosystem expansion, it is advisable to maintain a bullish outlook on Toncoin in the short to medium term. The pri...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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