The Bank pays a Staking Reward in EUR for fixed term Dukascoins stakes. The EUR Staking Reward will be paid at the beginning of the stake’s term and blocked until the term’s expiration. The Bank may manage and limit the maximum size, term, and rate of the offered EUR reward at its own discretion and at any time. The Bank guarantees that this change will not affect stakes allocated before the date of the conditions change.
The reward rate depends on the stake term and storage type. The longer the stake's period, the higher the Stake Reward rate paid out. Stakes stored in Blockchain have higher rates in comparison with the ones stored in the Bank.
|Stake size||EUR Stake Reward rate paid by the Bank for a 1 year Stake held with the Bank / with the personal blockchain wallet||EUR Stake Reward rate paid by the Bank for a 3 month Stake held with the Bank / with the personal blockchain wallet|
|500 and more||0.45 EUR / 0.50 EUR||0.09 EUR / 0.10 EUR|
The new EUR reward schedule starting from October 1, 2021:
|Stake size||EUR Stake Reward rate paid by the Bank for a 1 year Stake||EUR Stake Reward rate paid by the Bank for a 3 month Stake|
|500 and more||0.35||0.07 EUR|
The minimum amount of Dukascoins to be staked and kept in order to participate in the EUR Reward staking program is 500 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 (%)|
* 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 allocated in the Bank 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. Same approach will be applied to the cancelled stakes allocated in Blockchain with the exception of not applying the 5% penalty.
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 email@example.com
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 code||Registration date||Expiration date|
|qi1y8C1J||October 30, 2020||October 30, 2021|
|0KqKJJWT||January 19, 2021||January 19, 2022|
|Xyysx1ga||April 15, 2021||April 15, 2022|
|dexjkocN||April 16, 2021||April 16, 2022|
|O97RGxlM||April 16, 2021||April 16, 2022|
|CVkzYsuW||April 19, 2021||April 19, 2022|
|EGs7EIz6||April 19, 2021||April 19, 2022|
|kDGXgIv4||April 19, 2021||April 19, 2022|
|0wSY6x7v||April 20, 2021||April 20, 2022|
|oZdWwHeb||April 22, 2021||April 22, 2022|
|CfRFmZtr||May 08, 2021||May 08, 2022|
|yPql9kv3||May 08, 2021||May 08, 2022|
|n2nxPtv2||June 05, 2021||June 05, 2022|
|qfCCUrWa||June 17, 2021||June 17, 2022|
|BRCzBDKW||June 17, 2021||June 17, 2022|
|rgdQGYwX||July 01, 2021||July 01, 2022|
|0q0LvGrR||July 06, 2021||July 06, 2022|
|0Fjev6jn||July 08, 2021||October 08, 2021|
|YCxu69kg||July 12, 2021||July 12, 2022|
|n7Ro2wlk||July 15, 2021||July 15, 2022|
|pdx63Oai||July 16, 2021||October 16, 2021|
|GsyyJlf2||July 16, 2021||October 16, 2021|
|aNN9THCK||July 17, 2021||July 17, 2022|
|ntHaMhpz||July 19, 2021||July 19, 2022|
|cZ9akx2E||July 20, 2021||July 20, 2022|
|xjxg5OMV||July 27, 2021||October 27, 2021|
|ROWX5PT9||July 28, 2021||October 28, 2021|
|DJNizPfy||August 03, 2021||November 03, 2021|
|I8ht9rkc||August 05, 2021||November 05, 2021|
|Tp2Hy96U||August 06, 2021||August 06, 2022|
|kuotuHVF||August 08, 2021||August 08, 2022|
|NGk5WcBu||August 08, 2021||August 08, 2022|
|UyqNJDme||August 12, 2021||November 12, 2021|
|z16vdcQa||August 14, 2021||November 14, 2021|
|0XeM9Bi2||August 14, 2021||November 14, 2021|
|oKSHILqs||August 16, 2021||November 16, 2021|
|iLVDsMle||August 20, 2021||August 20, 2022|
|UZICUZnn||August 23, 2021||November 23, 2021|
|uuuIhV9E||August 25, 2021||November 25, 2021|
|ulf0oFRR||August 27, 2021||November 27, 2021|
|45FlWHrK||August 27, 2021||November 27, 2021|
|emU9Ubp8||August 30, 2021||August 30, 2022|
|ZZKJCb1H||August 31, 2021||August 31, 2022|
|xs6o3wWb||August 31, 2021||August 31, 2022|
|JEkEaHqt||September 01, 2021||September 01, 2022|
|4rud34G2||September 01, 2021||September 01, 2022|
|kgJtvqOw||September 03, 2021||December 03, 2021|
|kdo7bMZ8||September 03, 2021||September 03, 2022|
|oKt2cYcJ||September 03, 2021||December 03, 2021|
|rUQL8Mkk||September 03, 2021||December 03, 2021|
|rk0aebb1||September 06, 2021||September 06, 2022|
|4mEPh8mt||September 06, 2021||December 06, 2021|
|QxZuzPfo||September 07, 2021||December 07, 2021|
|XiYxPOoY||September 07, 2021||September 07, 2022|
|WcGJSw7C||September 07, 2021||September 07, 2022|
|RDnhh70c||September 07, 2021||September 07, 2022|
|P2z1JuqO||September 07, 2021||September 07, 2022|
|IdrCzKPX||September 07, 2021||September 07, 2022|
|kaoeyDTH||September 08, 2021||September 08, 2022|
|Ef96ucTw||September 09, 2021||September 09, 2022|
|Mls5Dblm||September 09, 2021||September 09, 2022|
|zZeiqgdD||September 10, 2021||September 10, 2022|
|wBRx34fl||September 13, 2021||September 13, 2022|
|SDEV8rKF||September 13, 2021||September 13, 2022|
|FiIAMwci||September 14, 2021||September 14, 2022|
|1vdQJPSc||September 20, 2021||September 20, 2022|
|gm9HFJnO||September 23, 2021||September 23, 2022|
|0gnPE6js||September 24, 2021||December 24, 2021|
|5RxrY1LM||September 27, 2021||December 27, 2021|
INCOME GENERATING EXAMPLES FOR COIN AND FIAT REWARD STAKES
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 staking 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 Stake Reward projected profitability in case if the exchange rate of Dukascoins remains unchanged at the expiration of the Stake term.
Let's assume that you have 1,500 EUR and consider “moderate” return of Dukascoin Coin Stake Reward for an amount of 30-70 DUK+. In this case you can accumulate on your MCA account 1,500 EUR and buy 375 DUK+ on internal marketplace at the current exchange rate of 4 EUR per 1 Dukascoin. According to the current reward rate schedule your yearly income rate will be 10% or 20% (37.5 DUK+ or 75 DUK+) depending on the stake storage place. Stakes allocated with the Bank have 10% reward and stakes allocated with Your ERC-20 supported external blockchain wallet have 20% reward rate. Thus, at the expiration of the Stake you will have 412,5 DUK+ or even 450 DUK+. In case if the exchange rate of Dukascoin stays at the same level of 4 EUR per 1 Dukascoin you will be able to sell 450 DUK+ at 4 and get back 1,800 EUR. As a result, the yearly rate of return in fiat currency 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 10 EUR per 1 Dukascoin at the expiration of the staking term.
Let's assume that you have 25,000 EUR and consider applying for the Dukascoin Coin Stake Reward with the aim of collecting an impressive return of 3,000 DUK+ and more. In this case you will need to invest 25,000 EUR and buy 6,250 DUK+ on the internal marketplace at the current exchange rate of 4 EUR per 1 Dukascoin. According to the current staking reward rate schedule your yearly income rate will be 50% or 60% (3,125 or 3750 DUK+). Thus, at the expiration of the Stake you will get your 6,250 DUK+ returned back and a reward of 3,750 DUK+ on top. In case if the exchange rate of Dukascoin reaches 10 EUR per 1 Dukascoin you will be able to get back already 100,000 EUR (!) by selling your 10,000 Dukascoins at the rate 10 EUR per 1 DUkascoin. As a result, the yearly rate of return will be: 100,000/25,000 * 100 - 100 = 300%!
Clients looking for a more conservative type of investment combining crypto and fiat income may be interested to consider another staking reward program offered by Dukascopy Bank – EUR Reward staking. This staking program currently offers a reward of 0.5 EUR per every Dukascoin allocated on Dukascopy Bank custody for 1 year and 10 eurocents per every Dukascoin allocated on Dukascopy Bank custody for 3 months.
USE CASE 3. One year EUR Reward Stake projected profitability in case if the exchange rate of Dukascoins rises to 5 EUR per 1 Dukascoin at the expiration of the staking term.
You decided to buy 20,000 DUK+ and allocate this amount to a EUR Reward Staking. You will need 80,000 EUR available on your MCA account to buy 20,000 DUK+ on the internal marketplace at the rate of 4 EUR per 1 Dukascoin. The yearly income gained on a 20,000 DUK+ stake will be 10,000 EUR. Thus, at the stake deposit expiration date you will get your 20,000 DUK+ returned back and a reward of 10,000 EUR on top. If you immediately decide to sell the 20,000 DUK+ at the exchange rate 5 EUR per 1 Dukascoin at the expiration of the stake term you will get a total of 110,000 EUR on your MCA account. The yearly rate of return will be 110,000/80,000 * 100 - 100 = 37.5%!
COMPARATIVE TABLE OF INCOME GENERATED BY STAKING REWARD PROGRAMS
|Amount of DUK+ invested for 1 year||EUR equivalent of the investment (exchange rate applied: 4)||Exchange rate DUK+/EUR at Stake expiration||COIN reward rate of return nominated in EUR (%)||EUR reward rate of return nominated in EUR (%)|