Dukascopy declared reward programs for native token holders
Dukascopy, a Swiss FOREX banking service provider had announced its reward program, which provides opportunities to earn certain rewards for its Mobile Current Account holders around the world through referrals and deposits in its cryptocurrency, Dukascoin. Developed on Ethereum blockchain, Dukascoin is the first cryptocurrency that is issued by a strictly regulated Swiss bank.
The Current reward is exclusive to MCA account holders who amount to over 109,153 since its launch in 2018.
Reward for Deposits
The bank offers rewards for deposits in both Durascoin and Euros. It gives a 5% annual coin reward rate for fixed time deposits that are paid out in Dukascoin. It is paid at the beginning of the contract and is locked for the duration of it.
As per the Euro reward, the bank pays 50 euro cents for each Durascoin for one year. Similar to the Durascoin reward, Euros will be paid at the start of the term and locked until the end of it.
Reward while Creating an Account & Referral Program
New MCA users receive 5 Dukacoins when they sign up, which is free. Apart from that, both new and existing MCA users can earn Dukascoins by referring others to this platform. For each new user signing up under reference of an existing user, existing users get 5 Dukascoins.
Dukascoin Fat Catz Reward program
The Bank distributes the commission that it received from sellers in its internal marketplace to a group of account holders called Fat Catz — whose average monthly balance is above or equal to 10000 Dukascoins. For instance, on June, 4 Fat Catz accounts were distributed with 1365 EUR.
Being Backed by a Swiss Bank and having a limited supply, Dukascoin is expected to increase in value and to add to that Dukascopy had announced several reward programs that help users to earn extra money.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Did you like the news you just read? Please leave a feedback to help us serve you better