Dukascash
Dukascoin Dukascash

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.

The Bank pays a EUR Reward for 1 year stakes in Dukascoins in the amount of 50 euro cents for each Dukascoin allocated in accordance with the terms and conditions of the EUR Reward program.

The EUR Reward will be paid at the beginning of the stake’s term and will be blocked until the term’s expiration.

For example, as of October 2020, the minimum amount of Dukascoins to be staked and kept in order to participate in the EUR Reward program is 20,000 Dukascoins. The maximum stake size is set to 100 000 Dukascoins.

Each stake is considered as a separate contract. Two stake amounts can’t be summed up without cancelling each other out. If a client requests to cancel a stake in Dukascoins before the maturity date, the client will be charged a penalty of 5% of the allocated amount in Dukascoins and will not be entitled to the EUR Reward for that particular stake. Additional conditions may be announced at a later date. The Bank may extend or stop its EUR Reward program at any time without affecting previously allocated stakes. The Bank may manage and limit the maximum and minimum size, term and rate of the offered EUR Reward at its own discretion and at any time. To obtain the guarantee that a stake will be accepted by the Bank, any client may declare their intention in advance, request a letter of confirmation and clarify the terms and conditions with the Bank.

To get more details regarding The EUR Reward program, please sign in as a client.

The Bank pays a EUR Reward for 1 year term stakes in Dukascoins in the amount of 50 euro cents for each Dukascoin allocated in accordance with the terms and conditions of the EUR Reward Staking program.

Starting from June, 2020 the Bank pays a EUR Reward for 3 month term stakes in Dukascoins in the amount of 10 euro cents for each Dukascoin allocated in accordance with the terms and conditions of the EUR Reward Staking program.

The EUR Reward will be paid at the end beginning of the staking term.

The minimum amount of Dukascoins to be staked and kept in order to participate in the EUR Reward staking program is 20 000 Dukascoins. The total amount of Dukascoins allocated for this reward program by separate MCA account holder can not exceed 100 000 Dukascoins.

Expected annual return of participation in the EUR reward staking program with 1 year Stake

Month Average DUK+/EUR rate *Expected annu­al re­turn (%)
December 2020 2.183 22.9
November 2020 1.73 28.9
October 2020 1.76 28.48
September 2020 1.69 29.6
August 2020 1.51 33.11
July 2020 1.51 33.11
June 2020 1.58 31.65
May 2020 1.41 34.48
April 2020 1.51 33.11
March 2020 1.61 31.06
February 2020 1.8 27.28
January 2020 1.71 29.24
December 2019 1.19 42.02
November 2019 1.05 47.62
October 2019 0.82 62
September 2019 0.70 71.44
August 2019 0.85 58.82
July 2019 0.95 52.63
June 2019 0.62 80.65
May 2019 0.70 71.44
April 2019 0.71 70.42
March 2019 0.83 60.24

* Expected annual return is calculated in assumption that average exchange rate of DUK+ will remain the same till the maturity date of the Stake. Dukascopy Bank does not guarantee exchange rate of Dukascoins to EUR, and the price can decrease or increase according to customer demand.

Each Stake is considered as a separate contract. Two staking amounts can’t be summed up without cancelling each other out. To obtain the guarantee that a Stake will be accepted by the Bank, any client may declare their intention in advance, request a letter of confirmation and clarify the terms and conditions with the Bank.

If a client requests to cancel a stake in Dukascoins before the maturity date, the client will be charged a penalty of 5% of the allocated amount in Dukascoins and will not be entitled to the EUR Reward for that particular Stake.

The Bank may manage and limit the maximum and minimum size, term and rate of the offered fiat reward at its own discretion and at any time. The Bank reserves the right to extend or stop its EUR Reward staking program at any time without affecting previously allocated stakes.

Public EUR Reward Stake registry

Dukascopy Bank offers public registry of EUR Reward Stakes 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 Stake code, please, open your Dukascopy Connect 911 messenger, press icon, call the chat-bot (the button with the cross at the left bottom corner of the application screen), choose "Dukascoins" option, then choose "Reward stakes" and locate the bubble with the specific stake amount. You need the 8-symbol combination in the "ID" row.

Sta­ke codeRegi­stra­tion dateExpi­ra­tion date
pjnzav1u April 01, 2020 April 01, 2021
Pg49ANaJ June 01, 2020 June 01, 2021
ZoHL7Ohw June 01, 2020 June 01, 2021
95TvAAxX July 31, 2020 July 31, 2021
t99tVKur July 31, 2020 July 31, 2021
qi1y8C1J October 30, 2020 October 30, 2021
0KqKJJWT January 19, 2021 January 19, 2022

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 %. Staking Reward programs offered by Dukascopy Bank through Dukascoin as the 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 Staking Reward projected profitability in case if the exchange rate of Dukascoins remains unchanged at the expiration of the staking term.

Let's assume that you have 1,500 EUR and consider “moderate” return of Dukascoin Coin Stake Reward for an amount of 1,000 DUK+. In this case you can accumulate on your MCA account 1,500 EUR and buy 1,000 DUK+ on internal marketplace at the current exchange rate of 1.5 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 20% (200 DUK+). Thus, at the expiration of the Stake you will have 1,200 DUK+. In case if the exchange rate of Dukascoin stays at the same level of 1.5 EUR per 1 Dukascoin you will be able to sell 1,200 DUK+ at 1.5 and get back 1,800 EUR. As a result, the yearly rate of return will be: 1800/1500 * 100 - 100 = 20%.

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

Let's assume that you have 15,000 EUR and consider applying for the Dukascoin Coin Stake Reward with the aim of collecting an impressive return of 8,000 DUK+. In this case you will need to invest 15,000 EUR and buy 10,000 DUK+ on the internal marketplace at the current exchange rate of 1.5 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 80% (8,000 DUK+). Thus, at the expiration of the Stake you will get your 10,000 DUK+ returned back and a reward of 8,000 DUK+ on top. In case if the exchange rate of Dukascoin reaches 2 EUR per 1 Dukascoin you will be able to get back already 36,000 EUR by selling your 18,000 Dukascoins at the rate 2 EUR per 1 DUkascoin. As a result, the yearly rate of return will be: 36,000/15,000 * 100 - 100 = 140%!

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 Stake. This program currently offers a reward of 0.5 EUR per every Dukascoin allocated on Dukascopy Bank custody.

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

You decided to buy 20,000 DUK+ and allocate this amount to a EUR Reward Stake. You will need 30,000 EUR available on your MCA account to buy 20,000 DUK+ on the internal marketplace at the rate of 1.5 EUR per 1 Dukascoin. The yearly income gained on a 20,000 DUK+ Stake will be 10,000 EUR. Thus, at the Stake expiration date you will get your 20,000 DUK+ returned back and a reward of 10,000 EUR on top. If you decide to immediately sell the 20,000 DUK+ coins and the exchange rate 2 EUR per 1 Dukascoin at the expiration of the Stake term you will get a total of 50,000 EUR on your MCA account. The yearly rate of return will be 50,000/30,000 * 100 - 100 = 66.6%!

COMPARATIVE TABLE OF INCOME GENERATED BY STAKING REWARD PROGRAMS

Amount of DUK+ invested for 1 year EUR equivalent of the investment (exchange rate applied: 1.5) Exchange rate DUK+/EUR at Stake expiration COIN reward rate of return nominated in EUR (%) EUR reward rate of return nominated in EUR (%)
1000 1500 1,5 20 N/A
10000 15000 2 140 N/A
20000 30000 2 N/A 66.6