Bhutan Introduces Digital Nomad Visa Program with $10,000 Solana Token Requirement

Bhutan has made headlines in recent times by opening up to tourists, but with an unconventional twist. To apply for the newly introduced Digital Nomad Visa program, applicants are required to deposit $10,000 into a Solana-based token called TER.

Each TER token represents 0.01 grams of physical gold stored securely in vaults and can be refunded when the tourist leaves the country. This innovative approach has sparked both excitement and concern among investors and users alike.

The move comes at a challenging time for the Solana ecosystem, with its market value declining by over 32% in the past month. Additionally, user activity on the network is also showing signs of decline, with falling Open Interest and active addresses. This has raised concerns about the long-term growth and innovation of the platform.

Despite these challenges, Bhutan's decision to link its visa program to the Solana token is seen as a bold step towards supporting its digital economy. The country's Bitcoin treasury has also been showing unusual activity in recent times, with large BTC transfers being flagged by blockchain trackers.