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The Coin Reward paid on deposits in Dukascoins

The Bank may pay a Coin Deposit Reward for fixed term deposits in Dukascoins. The Coin Deposit Reward will be paid at the beginning of the deposit’s term and will be blocked until the term’s expiration. The Bank may manage and limit the maximum size, term and rate of the offered coin reward at its own discretion and at any time.

The standard Coin Deposit Reward rate for a one-year deposit is expected to be equal to 5% of the deposit amount. For the first year of the Dukascoin’s lifespan, the Bank is broadcasting a unique promotional Deposit Reward program. The amount of the reward rate paid by the Bank depends on the deposit size. The bigger the deposited amount, the higher the Deposit Reward rate paid out:

Minimum deposit size Coin Deposit Reward rate paid by the Bank
for a 1 year deposit
100 5%
250 10%
500 20%
750 30%
1`000 40%
2`000 50%
3`000 60%
4`000 70%
5`000 80%
7`500 90%
10`000 100%

This is an exceptional offer for deposits placed within the first year of the project. The Bank may extend or stop its Coin Deposit Reward program at any time it may consider to be reasonable without affecting previously accepted deposits. Additional conditions are announced on the website. Each deposit is considered as a separate contract. Two deposit amounts can’t be summed up without cancelling each other out. Maximum deposit size is limited to 25 000 Dukascoins. In case if the client would like to place larger amount of Dukascoins he/she can request tailor-made conditions upon individual request to the Bank sent to the e-mail address crypto@dukascopy.bank .

If a client requests to cancel a term deposit in Dukascoins before the maturity date, the client will be charged a penalty of 5% of the deposited amount and will not be entitled to the Coin Deposit Reward on that particular deposit.

The Coin Deposit Reward will be paid out in Dukascoins. The Bank will pay the reward from the Bank’s own Dukascoins, i.e. released in favor of the Bank in accordance with the procedure described in the “Airdrop concept”, or obtained on the secondary market.

Public Coin Reward deposit registry

Dukascopy Bank offers public registry of Coin Reward deposits to provide clients an opportunity to check if their agreements to park Dukascoins in the Bank’s custody for reward are applied correctly. Those clients who cannot find their transaction codes in the registry below are invited to contact support desk by e-mail crypto@dukascopy.bank

To locate the reference Deposit code, please, open your Dukascopy Connect 911 messenger, press icon, call the chat-bot, choose "Open e-bank" option then enter your e-bank, go to "Dukascoins", choose "History" and locate the line with the deposit amount. You need the 8-symbol combination in the "Reference" column.

Depo­sit code Regi­stra­tion date Expi­ra­tion date
k1K0В­niV4 March 7, 2019 March 7, 2020
gkopВ­1D5u March 13, 2019 March 13, 2020
JthmВ­g927 April 8, 2019 April 8, 2020
L6DyВ­JfR9 April 17, 2019 April 17, 2020
xHoIВ­OGeS May 12, 2019 May 12, 2020
GP05В­xegX May 17, 2019 May 17, 2020
yL7n­C1Wj May 20, 2019 May 20, 2020
DRA1­kUIF May 23, 2019 May 23, 2020
6xnT­vbvc May 28, 2019 May 28, 2020
mxhX­ff2L June 1, 2019 June 1, 2020
lIVD­fUFd June 10, 2019 June 10, 2020
XtaC­IcjA June 10, 2019 June 10, 2020
2yih­7Fgx June 21, 2019 June 21, 2020
FrrU­fvI1 July 1, 2019 July 1, 2020
oPr1­zTSY July 5, 2019 July 5, 2020
O5vi­Fzkb July 9, 2019 July 9, 2020
y91g­cByk July 11, 2019 July 11, 2020
Wae5­r61V July 22, 2019 July 22, 2020
kPTP­VzFD July 30, 2019 July 30, 2020
OnXO­xXfD July 30, 2019 July 30, 2020
oRkb­xKQ8 August 01, 2019 August 01, 2020
LnJa­QLzW August 15, 2019 August 15, 2020

Information about income generating opportunities with examples and comparisons is available for Dukascopy Bank clients only. Please, sign in as a client to get more information.

INCOME GENERATING EXAMPLES FOR COIN AND FIAT REWARD DEPOSITS

Let`s assume that the client is considering different investment options offered by different banks. As a rule, the annual rate of return for such an asset allocation is around 0.2-2 %. Reward programs offered by Dukascopy Bank through Dukascoin as intermediary vehicle may appear to be a way more attractive option. Use cases described below will help to compare income-generating programs available for Dukascopy Bank clients with other conventional forms of investments.

Please, bear in mind that Dukascopy Bank does not guarantee exchange rate of Dukascoins to EUR, and the price can decrease or increase according to customer demand.

USE CASE 1. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins remains unchanged at the expiration of the deposit term.

Let`s assume that you have 1500 EUR and consider “moderate” return of Dukascoin Coin Reward Deposit for an amount of 2000 DUK+. In this case you can accumulate on your MCA account 1500 EUR and buy 2000 DUK+ on internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 50% (1000 DUK+). Thus, at the expiration of the deposit you will have 3000 DUK+. In case if the exchange rate of Dukascoin stays at the same level of 0.75 EUR per 1 Dukascoin you will be able to sell 3000 DUK+ at 0.75 and get back 2 250 EUR. As a result the yearly rate of return will be: 2250/1500 * 100 - 100 = 50%.

USE CASE 2. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins rises to 1 EUR per 1 Dukascoin at the expiration of the deposit term.

Let`s assume that you have 5000 EUR and consider applying for the Dukascoin Coin Reward Deposit with the aim collect an impressive return of 5000 DUK+. In this case you will need to invest 3 750 EUR and buy 5000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 80% (4000 DUK+). Thus, at the expiration of the deposit you will have 9000 DUK+. In case if the exchange rate of Dukascoin reaches 1 EUR per 1 Dukascoin you will be able to get back already 9 000 EUR by selling your coins. As a result the yearly rate of return will be: 9000/3750 * 100 - 100 = 140%.

USE CASE 3. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins rises to 2 EUR per 1 Dukascoin at the expiration of the deposit term.

Let`s assume that you still have 5000 EUR and consider applying for the Dukascoin Coin Reward Deposit with the aim collect a return of 5000 DUK+. You will need to invest 3 750 EUR and buy 5000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 80% (4000 DUK+). Thus, at the expiration of the deposit you will have 9000 DUK+. In case if the exchange rate of Dukascoin reaches 2 EUR per 1 Dukascoin and you decide to sell your 9000 DUK+ at 2 EUR per Dukascoin you will earn a substantial amount of 18 000 EUR. As a result the yearly rate of return will be: 18 000/3 750 * 100 - 100 = 380%.

USE CASE 4. One year Coin Reward deposit projected profitability in case if the exchange rate of Dukascoins is 5 EUR per 1 Dukascoin at the expiration of the deposit term.

Let`s consider a case where you have 10 000 EUR and consider allocating those for a Coin Reward Deposit of 10 000 Dukascoins. In this case you will need to invest 7 500 EUR and buy 10 000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. This amount of investment yields an impressive 100% return (10 000 DUK+) according to the current reward rate schedule. In such a way your investment at the expiration of the deposit term will be worth 20 000 DUK+. Selling those at the new exchange rate of 5 EUR per Dukascoin you will bring you 100 000 EUR. As a result the yearly rate of return will be: 100 000/7 500 * 100 - 100 = 1233% !!!

Clients looking for a more conservative type of investment combining crypto and fiat income may be interested to consider another reward program offered by Dukascopy Bank – EUR Reward deposit. This program currently offers a reward of 0.5 EUR per every Dukascoin allocated on Dukascopy Bank custody.

Find below the performance of this option using the same amounts of planned investment from previous use cases.

USE CASE 5. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins remains unchanged during the term of deposit.

You decided to buy 2000 DUK+ and allocate this amount to a EUR Reward deposit. You will need 1500 EUR available on your MCA account to buy 2000 DUK+ on the internal marketplace at the rate of 0.75 EUR per 1 Dukascoin. The yearly income gained on a 2000 DUK+ deposit will be 1000 EUR. Thus, at the deposit expiration date you will your 2000 DUK+ returned back and a reward of 1000 EUR on top. If you decide to immediately sell the 2000 DUK+ coins and the exchange rate is the same as at the moment of purchase (i.e. 0.75 EUR per DUK+ you will get a total of 2500 EUR on your MCA account. The yearly rate of return will be 2500/1500 * 100 - 100 = 67%.

USE CASE 6. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins rises to 1 EUR per Dukascoin at the expiration of the deposit term.

Let`s assume that you decided to invest 5000 DUK+ in the EUR Reward program. You will need 3750 EUR to be exchanged to Dukascoins at the current rate of 0.75 EUR per 1 Dukascoin. Thus, at the investment expiration date you will get back the 5000 DUK+ and a reward of 2500 EUR. In case you decide to sell 5000 DUK+ at the new exchange rate of 1 EUR per DUK+ your total assets will become 7500 EUR and the yearly rate of return will be 7500/3750 * 100 - 100 = 100%.

USE CASE 7. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins is 2 EUR per Dukascoin at the expiration of the deposit term.

Provided that the Dukascoin price rises to 2 EUR and all the other conditions remain identical to Use Case 6, the total yearly rate of return for 5000 DUK+ initially bought at 0.75 EUR per 1 DUK+ will be 12500 / 3750 * 100 - 100 = 233%.

USE CASE 8. One year EUR Reward deposit projected profitability in case if the exchange rate of Dukascoins becomes 5 EUR per Dukascoin at the expiration of the deposit term.

Let`s consider a situation where you have 10 000 EUR and consider to allocate 10 000 Dukascoins for a EUR Reward deposit program. You will need to invest an amount of 7 500 EUR and buy 10 000 DUK+ on the internal marketplace at the current exchange rate of 0.75 EUR per 1 Dukascoin. The yearly income for this investment will be 5000 EUR. At the expiration date your assets consist in 10 000 of initial DUK+ coins and the reward of 5000 EUR. Selling these 10 000 DUK+ at 5 EUR per 1 Dukascoin will bring you 50 000 EUR. As a result, the yearly rate of return on the investment will be 55 000 / 7 500 * 100 - 100 = 633% !!!

COMPARATIVE TABLE OF INCOME GENERATED BY REWARD PROGRAMS

Amount of DUK+ invested for 1 year EUR equivalent of the investment (exchange rate applied: 0.75) Exchange rate DUK+/EUR at deposit expiration COIN reward rate of return. nominated in EUR (%) EUR reward rate of return nominated in EUR (%)
2000 1500 0.75 50 67
5000 3750 1 140 100
5000 3750 2 380 233
10000 7500 5 1233 633