The launch of Dukascoin, the first crypto-token issued by a Swiss Bank opened the door for a series of new wealth management offers. Dukascopy Bank offers a variety of ways to reward clients having accumulated important amounts of DUK+ coins on their MCA accounts.
Clients having accumulated a minimum amount of 1000 DUK+ coins are offered the possibility to put those on a 3-month or 1-year fixed term deposit and earn a progressive (depending on deposit size) reward. For 3-month deposits the reward rate ranges from 3.5% to 12.5%, while for 1-year deposits it starts from 20% and goes up to 80% for a deposit of 10,000 DUK+.
More information on the conditions of the offer are found on Dukascoins website
Clients having accumulated at least 20'000 coins may opt for a 1-year deposit mode that offers a reward in form of EUR currency at a standard rate expected to be equal to EUR 0.5 for each DUK+ coin allocated in accordance with the terms and conditions terms and conditions of the program.
Find our more details on Dukascoins website
Large DUK+ balance holders can earn their rewards even without freezing their Dukascoins on fixed-term deposits.
Dukascopy Bank collects commissions from each transaction where Dukascoins are exchanged to EUR at the internal marketplace. All these commissions form up a reward fund in EUR that will be distributed once a month amongst the top largest Dukascoins holders qualified for Fat Catz program condition as a reward for their contribution to the development of the Dukascoin marketplace.
An average monthly balance of at least 15'000 DUK+ coins is required to qualify for participation in the Fat Catz reward program.
The monthly commission volume to be distributed will be published on the Dukascoins website. In case there are no holders qualified to receive the Fat Catz reward, the amount of EUR commissions collected will be added to the next month distribution.
Conditions of the Dukascoin Fat Catz reward program are subject to change and all amendments will be publicly available on Dukascoins website 30 days in advance.
Dukascoin term deposit with Coin or EUR reward can also be referred to as Dukascoin staking income generation program with Coin or EUR reward. This program is to be seen in the context of Proof-of-Stake concept, commonly used in crypto industry. In the framework of this offer the Bank promises to its clients a certain remuneration (reward) in form of crypto tokens or in fiat currency, which is made against the commitment of the client not to use the agreed upon amount of Dukascoin (DUK+) tokens in his/her possession for any purposes during a definite period of time.
The temporary refusal to use the agreed upon DUK+ amount is ensured by its placement on any dedicated wallet/account that is transparent for the bank at any moment of time. This can be done on an account at the Bank, on an independent blockchain wallet of the client or on a blockchain wallet managed by a 3rd party transparent for the Bank monitoring. The remuneration in Coins or EUR is paid at the end of the staking (deposit) period in the amount defined in advance.
No financial relation within which the Bank is exploiting the DUK+ amount staked by the client is created during the term of the stake (deposit). The exclusive purpose of the relation is the establishment of the necessary transparency mode (right of monitoring for the Bank) of the client's commitment not to move the agreed upon amount of DUK+ tokens from the account/wallet where the stake (deposit) is placed.
The right of ownership and for any other kinds of use of the token remains with the client for the entire term of the stake (deposit). This also means that the client retains the possibility to use the amount at stake (deposited) at any moment of time before the maturity of the stake (deposit) by paying a penalty for a premature discontinuation of the stake (deposit).