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 (%)|
* 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 firstname.lastname@example.org
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|
|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|
|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|
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 (%)|