Dukascash
Dukascoin Dukascash
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 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 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 (%)
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
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
Xyysx1ga April 15, 2021 April 15, 2022
Sx78ZlT9 April 16, 2021 July 16, 2021
jyJ4irGh April 16, 2021 July 16, 2021
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
vCTTFFJ3 April 20, 2021 July 20, 2021
0wSY6x7v April 20, 2021 April 20, 2022
oZdWwHeb April 22, 2021 April 22, 2022
F5gmhwLv April 27, 2021 July 27, 2021
Kfw9b6Ng May 02, 2021 August 02, 2021
VAyngGug May 05, 2021 August 05, 2021
CfRFmZtr May 08, 2021 May 08, 2022
yPql9kv3 May 08, 2021 May 08, 2022
GcxU0rgl May 15, 2021 August 15, 2021
tTQJhFhf May 26, 2021 August 26, 2021
kZs6xAIT May 26, 2021 August 26, 2021
LaK9yJ1m May 27, 2021 August 27, 2021
XPoDnU1u June 03, 2021 September 03, 2021
9dHgXgEa June 04, 2021 September 04, 2021
n2nxPtv2 June 05, 2021 June 05, 2022
t7w273GM June 05, 2021 September 05, 2021
3jqPR7DP June 07, 2021 September 07, 2021
c7J5YsUv June 11, 2021 September 11, 2021
qfCCUrWa June 17, 2021 June 17, 2022
BRCzBDKW June 17, 2021 June 17, 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