Following its strategic decision to become a crypto friendly Swiss bank, Dukascopy Bank SA, Geneva (hereinafter referred to as the Bank) is pleased to introduce its own token called the Dukascoin. To the best of the Bank’s knowledge, this is the first worldwide ICO of a strictly regulated bank. This is definitely the first ICO of a Swiss Bank. The Bank ensures the application of the highest AML, risk management and regulatory standards of the Swiss banking industry for operations on the crypto currency market. The Dukascoin opens a new class of crypto currencies issued by strictly regulated banks and will stay segregated from cryptos issued by non-regulated entities and startups.
The initial purpose of the Dukascoin introduction is to reward new users of Dukascopy Connect 911 messenger and the associated Mobile Current Accounts (hereinafter referred to as MCA accounts) of the Bank. The Dukascoin, designed as a crypto means of payment, will be issued in limited quantity to serve as both payment and speculation. The Dukascoin is expected to gain in value due to a limited supply and to being the first crypto currency in the Swiss banking industry.
An MCA account is a new type of account offered by Dukascopy Bank SA (www.dukascopy.bank) intended to provide worldwide retail clientele with fast, cheap, secure, mobile and extremely user-friendly Swiss banking services embedded into a modern messenger. The Bank's objective is to collect millions of MCA clients who would benefit from unbeatable conditions for instant and free of charge transactions among themselves and excellent currency exchange rates, as well as other banking facilities.
The Bank’s mission is to bring innovation and digital technologies into a stable and strictly regulated Swiss banking industry for the benefit of the Bank’s clients from around the World. The Bank started to offer MCA accounts for its clients one year before the launch of the Dukascoin project. In the beginning, the number of new MCA accounts per day was about 10. In 5 months it had reached about 50. Ten months after the launch of MCA accounts, the Bank was opening 100 new accounts per day, currently - above 500. With the help of the Dukascoin Crypto ICO, the Bank is planning to open from 1’000 to 10’000+ MCA accounts on a daily basis. With the trend continuing to be so dynamic, the Bank is eager to become the biggest digital bank regulated in Switzerland. The Dukascoin will be the instrument of this expansion.
Dukascopy Bank SA will provide its clients with the unique opportunity to receive for free, the first ever tokens created by a Swiss bank and to gain capital in case the price of these tokens rises.
Taking into consideration the limited emission of the Dukascoin combined with a distribution amongst a large number of MCA clients and the Bank’s plan to pay a Deposit Reward for deposits allocated in Dukascoins, it is expected that the Dukascoin will have a permanently growing demand with a limited supply. Thus, the value of the Dukascoin could have a long-term sustainable rise since clients will want to consolidate Dukascoins on the secondary market in order to receive a high Deposit Reward from a Swiss bank. However, the emission of Dukascoins will be deliberately distributed in small portions throughout new MCA account holders. Strategic investors should continuously buy Dukascoins from many MCA holders in order to retain a large amount of Dukascoins.
The Dukascopy Connect 911 messenger is a modern digital tool for the Dukascoin expansion. Users of the messenger worldwide can instantly open MCA accounts right from their smartphones and become Dukascoins holders. Every private MCA account holder will be initially entitled to an equal portion of Dukascoins.