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The EUR Reward paid on Stakes in Dukascoins

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 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 (%)
November 2021 1.82 19.28
October 2021 1.98 17.72
September 2021 1.53 32.68
August 2021 1.82 27.47
July 2021 2.5 20
June 2021 3.03 16.5
May 2021 2.95 16.95
April 2021 3.22 15.53
March 2021 3.36 14.88
February 2021 3.55 14.08
January 2021 4.16 12.02
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 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 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
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
YCxu69kg July 12, 2021 July 12, 2022
n7Ro2wlk July 15, 2021 July 15, 2022
aNN9THCK July 17, 2021 July 17, 2022
ntHaMhpz July 19, 2021 July 19, 2022
cZ9akx2E July 20, 2021 July 20, 2022
Tp2Hy96U August 06, 2021 August 06, 2022
kuotuHVF August 08, 2021 August 08, 2022
NGk5WcBu August 08, 2021 August 08, 2022
iLVDsMle August 20, 2021 August 20, 2022
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
kdo7bMZ8 September 03, 2021 September 03, 2022
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
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
p5El7KbJ September 29, 2021 December 29, 2021
MLQwQeTq September 29, 2021 December 29, 2021
9gYU24Cy September 30, 2021 December 31, 2021
WmQgElNQ September 30, 2021 December 31, 2021
JTLUCarS October 01, 2021 October 01, 2022
8FTmb8kP October 01, 2021 January 01, 2022
BjtZtbJr October 01, 2021 October 01, 2022
MnISPYLB October 01, 2021 October 01, 2022
UQAf2Ake October 03, 2021 January 03, 2022
PGdEBuUf October 05, 2021 January 05, 2022
WL52bqvR October 05, 2021 January 05, 2022
UddB1KAT October 09, 2021 October 09, 2022
MsLd4kJj October 12, 2021 January 12, 2022
s8UswoNn October 13, 2021 January 13, 2022
xYoRPIn3 October 13, 2021 October 13, 2022
a3z77y81 October 13, 2021 October 13, 2022
E4hk2QBB October 16, 2021 October 16, 2022
lDkmHIkf October 17, 2021 October 17, 2022
GQkF1wkE October 26, 2021 January 26, 2022
wVkCTvbt October 28, 2021 October 28, 2022
CgIKaFaj October 28, 2021 January 28, 2022
IZGPEEyu October 28, 2021 January 28, 2022
xoSjhJiv November 01, 2021 February 01, 2022
x1WOKtLp November 02, 2021 November 02, 2022
hp1GsTWA November 02, 2021 February 02, 2022
Njk7luil November 03, 2021 November 03, 2022
a1tTvn0I November 03, 2021 February 03, 2022
5GF0o9jS November 04, 2021 November 04, 2022
G4ZvzH5V November 05, 2021 February 05, 2022
9uVEtWzE November 05, 2021 February 05, 2022
9IrET6Gw November 07, 2021 November 07, 2022
OmQeZdHa November 09, 2021 November 09, 2022
ZWi6wRvS November 10, 2021 November 10, 2022
0Eb5YeaV November 11, 2021 November 11, 2022
PTGDkKcZ November 12, 2021 February 12, 2022
6o2ldOyI November 12, 2021 November 12, 2022
SAS5yB3M November 14, 2021 November 14, 2022
nYj2xwBK November 16, 2021 February 16, 2022
JCD9MNHw November 17, 2021 November 17, 2022
MXgVXAsR November 18, 2021 November 18, 2022
6F3RPC43 November 18, 2021 November 18, 2022
6kRIeKVw November 18, 2021 November 18, 2022
uDYa8EQ2 November 24, 2021 February 24, 2022
x4IwB7kE November 24, 2021 February 24, 2022
T7bwxNHe November 25, 2021 November 25, 2022
2xCdYODp November 27, 2021 November 27, 2022
uWaDAQc3 December 01, 2021 March 01, 2022
qSSmyxyY December 03, 2021 December 03, 2022
pyYGolsq December 03, 2021 December 03, 2022
Jb86UVYH December 03, 2021 December 03, 2022

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 (%)
375 1500 4 20 N/A
6250 25000 10 300(!) N/A
20000 80000 5 N/A 37.5