DUKASCASH
low-volatile tokens by a SWISS BANK

Recently, Dukascopy Bank has noticed the appearance in the Internet of a number of articles containing erroneous/misleading information regarding the development of the Dukascash project of Dukascopy Bank.

In this regard, Dukascopy Bank would like to clarify that no Dukascash tokens have been issued and put in circulation by the Bank so far and that the date of launch of Dukascash cannot be determined at the current stage.

This date will be announced separately in an official communication from the Bank.

For further information you may write to crypto@dukascopy.com

Please be informed that starting from today the First transaction fee is raised from 4 to 4.75 EUR when the minimum trade size on the Dukascoin marketplace is raised from 4.25 EUR to 5 EUR. The changes are already reflected in the Fees & Limits page. Kindly check.

On November 22^nd 2019 at 15:19 GMT a historical event took place. The first physical embodiment of a virtual cryptocurrency had been launched into Space. The crypto-currency which dared such a feat was the Dukascoin: the first cryptocurrency ever issued by a regulated bank – Dukascopy Bank SA. With a speed of 5.5 Mach, the batch of 65 exclusive silver coins minted from 999 Pure Silver had reached a height of 301304 feet. It was launched from Spaceport America, located in New Mexico, USA. Later that same day, the space capsule with 65 silver coins returned to Earth. The video report is available here.

Today, Dukascopy Bank is proud to announce that the silver Dukascoins which were launched into space and successfully returned to Earth are available for order. The buyer will benefit from a rare numismatic value and the opportunity to receive a significant Gratification bonus of 250 DUK+. Each Silver Dukascoin Set will consist of the silver Dukascoin with a unique number and a Certificate of Origin containing the same unique number, signed by the CEO of Dukascopy Bank. You can take a look at the photo gallery here . The intrinsic value of the Silver Dukascoin lies in the fact that it is the physical proof of the right to receive the Gratification bonus under the conditions of the Silver Dukascoin Bonus Program. Please read the conditions on the dedicated website www.dukascoin.com/silver/

2 series of the Silver Dukascoin were minted in a limited number of 1000 pieces for both series. The first 65 Silver Dukascoins belong to the special SPACE series minted from 999 Pure Silver and launched into Space. This is a series of rare coins which have been seasoned by uncovered Solar winds and which offer a substantial Gratification bonus of 250 DUK+.

In addition to the SPACE series, the Bank minted 935 silver Dukascoins of the SKY series. These Dukascoins are minted from 925 Fine Silver to memorialize a historical event which happened on February 28th 2019, when a regulated Swiss bank was the first Bank in the world to issue a cryptocurrency. The Gratification bonus for the SKY series Silver Dukascoin holders is 50 DUK+.

The Bank is offering the Silver Dukascoin while respecting the Reference price. The formula of the Reference price is the following:

1. For the SPACE series: 100 EUR (cost of production) + 300 EUR (cost of launch to space) + current market price of 250 Dukascoins quoted on the Dukascopy marketplace (BID+ASK divided by two).
2. For the SKY series: 100 EUR (cost of production) + current market price of 50 Dukascoins quoted on the Dukascopy marketplace (BID+ASK divided by two).

Clients willing to buy the Silver Dukascoin of the SPACE series should have more than 10000 Dukascoins on their multi-currency account (deposits included) with Dukascopy Bank at the moment of the purchase request. As well 10 000 and more Dukascoins may be allocated on the any blockchain account and/or on the account with partnering cryptoexchange. For the SKY series, there is no minimum required amount.

Dukascopy Bank created the following key features intended to protect the Silver Dukascoin holder’s rights and assist them in transfers of those rights to other persons:

1. The Bank maintains a register of legitimate Silver Dukascoin holders for all series. Transfer of the Silver Dukascoin from person to person will be reflected in the Public Register.
2. Dukascopy Bank can offer a safekeeping service to the Silver Dukascoin owner who is a multi-currency account holder. The coin can be safely stored in the vault located on the Bank’s premises. In case of transfer of ownership (sale) of such a coin to another multi-currency account holder, the Bank can secure the deal for both parties.

Clients can book the silver Dukascoin with a particular number from the “Available in the Bank” section by sending a written request.

Dukascopy Bank invites readers to get acquainted with details of the offer and complete the order form on www.dukascoin.com/silver/.

The Silver Dukascoin Set is available for order starting from now. The delivery of the set to clients will start in January, 2020.

High-resolution images of the Silver Dukascoin Set and the video of the space launch are available in the Dukascoin media-kit.

Please be informed that starting from today 2% fee will be applied for every incoming Dukascoin deposit from blockchain while outgoing transfers of Dukascoins remain free of charge. Institutional clients with large blockchain Dukascoin turnover may apply for special conditions. The changes are already reflected in the Fees & Limits page. Please take a look at the update.

On February 28^th 2020 the Dukascoin project will celebrate its 1 year anniversary. Since that date, 144 667 clients have opened their accounts with Dukascopy Bank and 2 893 340 coins were released into circulation while the exchange rate of Dukascoin has stabilised above 1 EUR per coin. The three reward programs developed by Dukascopy Bank to benefit its loyal clients showed the following results:

• Fat Catz reward program: 6 clients are currently participating in the program with a total of 129 767 DUK+ held. Since the project launch, Dukascopy Bank has collected and distributed 20 779 EUR of commission among legitimate participants of the reward program.
• Fiat reward deposit: 20 clients have placed 155 837 coins for one-year deposits.
• Dukascoin Reward deposits: 39 clients have placed 247 877 coins for one-year deposits.

Following its initial plan and the successful start of the project, Dukascopy Bank announces the continuation of the existing Dukascoin reward programs for the second year with some changes.

In particular, the Coin Reward Deposit program rates will be reduced by 10%:

• 1 000 deposited Dukascoins - 30% coin reward;
• 2 000 - 40%;
• 3 000 - 50%;
• 4 000 - 60%;
• 5 000 - 70%;
• 7 500 - 80%;
• 10 000 - 90%.

The changes will take effect on March 1^st 2020. Until that time, the existing schedule will remain in force. Application of the updated rates will not affect the previously placed active deposits. The next 10% reward rate reduction is expected to be applied on June 1^st 2020.

The fiat Reward Deposit program remains available for clients for the second year as well with the same reward rate: 50 euro cents for each allocated Dukascoin. The minimum deposit amount will continue raising by 1 000 DUK+ every month until it reaches the 20 000 DUK+ threshold in October 2020:

• 11 000 DUK+ - January 2020;
• 12 000 DUK+ - February 2020;
• 13 000 DUK+ - March 2020;
• 14 000 DUK+ - April 2020;
• 15 000 DUK+ - May 2020;
• 16 000 DUK+ - June 2020;
• 17 000 DUK+ - July 2020;
• 18 000 DUK+ - August 2020;
• 19 000 DUK+ - September 2020;
• 20 000 DUK+ - October 2020 and until the end of the year.

Finally, the prestigious Fat Catz reward program will also continue benefiting its members with commission gathered from Dukascoin’s sellers. The only change is that the qualification threshold will be raised from 10 000 DUK+ to 15 000 DUK+ on February 1^st 2020.

Please consider adjusting your plans regarding your participation in the Dukascoin reward programs taking into account the announced changes for the coming year.

Dukascopy Bank is pleased to announce the listing of its own cryptocurrency Dukascoin on ZBX cryptocurrency exchange that will officially commence in January, 2020 preceded by the currently undergoing pre-listing period. After the successful integration of the bank’s Crypto Partner account program with ZBX, the companies will continue to combine the best of both worlds – security and reliability of a Swiss bank and the innovative nature of the crypto-exchange.

Dukascoin has not been traded against US dollar-related instruments before. Now, the clients of ZBX will be able to trade DUK+/USDT, getting access to the benefits offered for Dukascoin owners:

• Participation in reward programs by depositing Dukascoin
• Taking part in the substantial price growth potential
• Fat Catz program
• Uncorrelated behavior of the token relative to the majors (BTC, ETH)

The users who have both - Dukascopy multi-currency account (MCA) and ZBX account will have the opportunity to send and receive the bank's cryptocurrency in the blockchain – Dukascoins can be sent to the client’s Dukascopy address or to the client’s ZBX address.

Dukascoin is an ERC-20 token created by Dukascopy Bank representing the first cryptocurrency in the world issued by a bank on a public blockchain. The token was launched on February 28, 2019 and during the last three months has risen in value from 0.60 EUR to 1.30 EUR per coin.

Dukascopy Bank is delighted to see a steady demand for Dukascoins. The listing on ZBX exchange is yet another confirmation of the success of the model behind Dukascoin tokens.

Dukascopy Bank announces that the updated version of the Dukascoin White Paper has been released today in order to make minor improvements. The document (v.36 dated November 29, 2019) is available for download on the www.dukascoin.com website

Please be informed that starting from today the Active referrer account maintenance commission is raised from 2 to 2.5 DUK+. This commission will be charged starting from the sixth referral (and every referral after that). The changes are already reflected in the Fees & Limits page. Please take a look at the update.

Please be informed that starting from today the First transaction fee is raised from three to four EUR when the minimum trade size on the Dukascoin marketplace is raised from 3.25 EUR to 4.25 EUR. The changes are already reflected in the Fees & Limits page. Kindly check.

Dukascopy Bank is happy to inform that DUK+/EUR rate has doubled in the period of just one month. DUK+/EUR bid rate was 0.65 on the 21st of October, reached 1.30 on the 15th of November and is currently steadily holding at over 1.20 since the 21st of November.

This achievement is even more remarkable when comparing to the negative pace of cryptocurrencies such as Bitcoin, Ether, Litecoin and the majority of others. It confirms the sustainability of the key concepts of the Dukascoin project published in the Whitepaper.

It is worth pointing out that the current positive dynamic of the DUK+/EUR exchange rate is supported by a stable trading volume on the internal marketplace. This is another confirmation of the steady interest from the public to the first cryptocurrency issued by a regulated bank.

Dukascopy Bank implements Low liquidity fee: an additional commission of 0.2 EUR per Dukascoin sold at the exchange rate of 1 EUR per Dukascoin or less. Low liquidity fee will be applied to each trade except the first Dukascoin transaction. The commission will be charged in addition to already existing applicable commissions.

The new commission will be implemented next week and it will come in force from the moment the Fees & Limits website page updates.

Having analyzed trading activity of DUK+ traders Dukascopy Bank took a decision to reward the most active clients, in terms of trading volume, by making changes to the actual commission policy. From now on, the minimal commission of 0.05 EUR per every Dukascoin sold will not be applied to clients whose trading turnover exceeded 50 000 Dukascoins (both bought and sold coins counted). Instead, they will only pay 1% of current volume commission from each transaction on the Dukascoin marketplace.

The same approach will be applied for those clients who will be defined by Dukascopy Bank’s management as institutional market makers: they will be charged 1% of current volume commission without obligation to pay minimal commission of 0.05 EUR per sold coin.

The abovementioned changes come into force as of today and may be amended at Dukascopy Bank’s discretion.

Dukascopy Bank’s Board of Directors took a decision to increase from 10’000 to 50’000 Dukascoins the maximum position that each member of the Executive Committee of the Bank and each of their family members can hold.

Since the launch of Dukascoin on 28 February 2019, more than 3.5 million of Dukascoins were released of which more than 1 million belong to clients of the Bank. Over 6 thousand of Dukascoins are traded daily on the Dukascoin bulletin board. Considering the achieved number of released tokens, the sustainable growth of such number and the stable trading activity on the bulletin board, the above mentioned decision of the Board of Directors has been approved.

Updated clause “The Bank’s management restrictions” of the Dukascoin White Paper will be included in version 35 of the document published on the website.

Continuing the efforts to protect inexperienced clients from the incorrect usage of trading capabilities of the marketplace, Dukascopy Bank increases the minimum trading volume requirements for traders willing to place bid and ask pending orders to buy and sell Dukascoins. The Bank strongly believes that minimum trading volume should ensure the acquisition of necessary experience. That is why experienced users should reach the new level of the trading volume of 500 Dukascoins before they can utilize the full range of orders’ functionality. Less experienced marketplace users will be able to buy and sell Dukascoins at the best available prices by placing market orders only. Once the user reaches the qualification turnover minimum, pending orders will be unblocked automatically.

Another classification change concerns the active referrers’ status. A referrer is considered as active if the number of his/her referrals who successfully opened an MCA account exceeds 10. Starting from the 11th referral, 2 DUK+ will be charged as active referrer account maintenance commission from the remuneration of 5 DUK+ received by referrer. If the number of referrals is lower than 10, the commission will not be applied.

Dukascopy Bank can change the above mentioned thresholds after further observation of the clients’ activity.

Dukascopy Bank is announcing that the new fee of 3 EUR for the first Dukascoin transaction will be applied to the newly opened MCA accounts. When the client initiates first outgoing transaction in Dukascoins (withdrawal, transfer to another MCA account holder or selling) the new fee will be once charged from the MCA account balance. The client will be able to sell Dukascoins even if the balance of the MCA account is not sufficient to pay that fee. In that case, the First Dukascoin transaction fee will be deducted from the amount of euro credited to the client’s account for the Dukascoins sold.

For those customers who will actively use the MCA account and, in particular, will order a Bank’s payment card (target audience of the MCA account service) Dukascopy Bank is planning to offer a discount for the ordering of the first payment card compensating the fee paid for the first Dukascoin transaction. Thus, the fee for the first Dukascoin transaction would not affect a target clientele of the bank.

Another newly introduced change in the fee schedule is the increase of a minimum commission for each Dukascoin sold by client from 0.02 EUR to 0.05 EUR.

The purpose of the above mentioned changes in the fee schedule of the MCA service is to reduce abusive activity of persons exclusively willing to benefit from MCA welcoming bonus and without intention to use the MCA service of the Bank.

Dukascopy Bank is pleased to announce that on October 2nd, 2019 a new milestone has been reached: more than 1 000 000 Dukascoins have been accumulated by clients on their MCA accounts. This milestone confirms the sustainability of the reward concept offered by Dukascopy Bank for MCA account opening and client’s interest towards the first cryptocurrency created by a Swiss bank.

We are happy to state that the growing number of MCA account holders raises the optimism of a bright future for an affordable Swiss retail banking service constantly evolving at the hands of Dukascopy Bank S.A. One of the latest improvements concerns the benefit of SWIFT deposit automation for MCA account clients. This means that whenever a client makes a bank transfer to a Dukascopy MCA account and certain criteria match, his/her funds will be available on the account without any manual intervention. This innovation dramatically increases the speed of client transactions and raises the client’s satisfaction to a new level.

Hereinafter Dukascopy Bank is informing its clients that the commission for active referrers will be introduced in the middle of October 2019. A referrer is considered active if the number of his/her referrals who successfully opened an MCA account exceeds 10. Starting from the 11th referral, 2 DUK+ will be charged as commission from the remuneration of 5 DUK+ received by referrer. If the number of referrals is lower than 10, the commission will not be applied.

"Dukascoin Space Adventure" video campaign has got its continuation. New episode of the official Dukascoin promotional movie called “Dukascoin Catch” is already available on the www.dukascoin.com web-site and Dukascopy social media groups. Also the second chapter of the video-adventure is ready for download in the media-kit.

We will be glad to know your opinion about the episode and welcome your fresh ideas regarding scenarios of the future episodes. Leave your comments under the official video on YouTube and best scenario will be awarded by special prize!

After intensive testing Dukascopy Bank is happy to announce that starting from this week blockchain operations (deposits and withdrawals) with DUK+ envisaged at MCA account internet banking applications (web and mobile) became automated in most cases and available 24/7.

Taking into consideration the growing number of Dukascoin holders willing to keep DUK+ on their external blockchain wallets, Dukascopy Bank was working hard to create fast and reliable way to satisfy client’s needs. Now the overall time of blockchain interactions in Dukascopy Bank’s MCA accounts infrastructure has been reduced from manual “next day” execution to few minutes (depends on current Ethereum blockchain network loading).

Dukascoin has launched a new social contest in which anyone can take part. 

To participate, you must leave a creative comment on one of the social networks such as Facebook, Instagram, Twitter and LinkedIn, then make a screenshot of it and send it attached in an email to social@dukascoin.com

Once a month, the Dukascoin team will be choosing one or more winners who will receive 100 Dukascoins (DUK+) for free!

The first winner of the contest is Michele Schopfer with her comment on Facebook "AlloHouston? On a un problème..." under Dukascoin's post about the first adventure of the Dukascoin on the moon. There will be new episodes of the adventures soon and new creative comments.

Congratulations!

Dukascopy Bank announces that the updated version of Dukascoin White Paper has been released today in order to make minor cosmetic improvements. The document (v.34 dated July 23, 2019) is available for download on the www.dukascoin.com website

Starting from July 19, 2019 Dukascopy Bank temporary suspends the "Dukascoin#6" referral bonus program. During first 50 days of the "Dukascoin#6" program existence started at May 29, 2019 more than 8000 clients have met the conditions of the program and realized their right to get one extra Dukascoin to their MCA accounts. We consider such a performance as completely satisfactory and would like to thank all clients joined the program and their referrers who promoted this program among existing and prospect clientele.

The program has been suspended until further notice. More details about the Dukascoin Referral program can be found via the link

Geneva, 11^th July 2019 - Dukascopy Bank is pleased to announce the first listing of its own cryptocurrency Dukascoin on the first external trading venue - Swiss Crypto Exchange (SCX)

On February, 28 Dukascopy Bank has launched Dukascoin - the first public blockchain-based crypto token issued by a bank. This event has marked an important milestone in the crypto-friendly long-term strategy of the bank. Since then, Dukascoin has been actively traded inside the internal ecosystem of the bank, attracting significant interest from investors. During the last several months Dukascopy has been actively preparing the next great landmark for its cryptocurrency - external admission to trading.

After careful research and diligent selection process, the bank is now glad to announce the first partnership with one of the most recognized and well-established Swiss crypto companies - Swiss Crypto Exchange (SCX). The bank has highly appreciated the professional team standing behind SCX managed by its CEO Dr. Francesco Adiliberti and its Executive Chairman Dr. Christian Katz and - two well-known and respected members of the Swiss financial industry. Dukascopy Bank is looking forward to fruitful and long-lasting cooperation with SCX in the crypto domain.

Starting from this week, global institutional and private investors will have the opportunity to transact in Dukascoins outside of Dukascopy Bank's environment, freely sending and receiving the bank's cryptocurrency in the blockchain. The bank would like to remind that anyone interested can follow all the latest updates related to Dukascoin on the dedicated web site www.dukascoin.com. This resource publishes all relevant information about the prospective business uses of the token inside or outside the bank.

The bank is equally happy to present an essential additional benefit that clients of Dukascopy will obtain from the partnership with Swiss Crypto Exchange. All clients will get access to trading in popular cryptocurrencies, for example, Bitcoin (BTC) or Etherium (ETH) against Dukascoin or fiat currencies. In this convenient arrangement, clients will be able to keep their money in the safe custody of their Dukascopy bank accounts while buying or selling crypto via SCX (you can read SCX's press release here).

"Switzerland is our home market and is of strategical importance for us. Therefore, we have been particularly careful when selecting a partner exchange. I am certain that we have entrusted our first integration of Dukascoin to the partners who understand the financial and crypto markets very well. They are true professionals. Moreover, I am personally delighted to work closely to Dr. Christian Katz, who has been managing SIX exchange for years and who knows very well how a proper Swiss exchange should be organised." said Dr. Andre Duka, co-CEO of Dukascopy Bank.

As it was announced, on the 3^rd of July, 2019 Dukascopy Bank has started the Public Test phase of its Dukascash project (announcement). The positive reaction of the market to that announcement almost doubled the price of the Dukascoin.

During the Public Test, Dukascopy Bank declares its intention to check the industry's general interest towards low-volatile token issued and supported  by the Bank and invites the leading crypto industry actors to a dialogue regarding the project.

At the same time, the Bank will verify the effectiveness of the developed procedures related to Dukascash, its regular monitoring system and the potential ability to expand the project within the short time frame upon the request of potential partners. To do so, in the framework of the Public Test, the Bank is going to add to the list another five tokens.

These new tokens are CNY+, GBP+, JPY+, MXN+ and RUB+ pegged to Chinese Renminbi, Pound of Sterling, Japanese Yen, Mexican Peso and Russian Ruble, respectively. Such expansion of Dukascash tokens should prove the scalability of the project.

Creating the family of low-volatile tokens supported by the Bank, freely convertible with the same cross rates as their base currencies is considered by the Bank as a general target of the project. In fact, the Bank may rapidly extend the list of Dukascash tokens family members up to 23 currencies, all of which are currently available as a base currency for clients' accounts. Further extension of the list will be considered on a case-by-case basis.

The Bank reminds that during the period of the Public Test, which will continue until the official termination, the Bank does not take any obligation and does not guaranty the continuation of the project. In any case and independently on the results of Public Testing, possible future amendments to the White Paper and continuation or discontinuation of the project, the Bank takes an obligation to buy back all Dukascash tokens purchased by clients during the Public Test phase. See details in the Public Test disclaimer.

Dukascopy Bank is publishing the White Paper of its new crypto project named Dukascash. With Dukascash the Bank presents to the crypto industry its vision of a stable crypto currency issued and supported by a bank. The Bank offers a range of payment tokens (currency tokens) circulating in public blockchain. The circulation of the bank's token in public blockchain is the most important advantage in comparison to competitors' solutions. It is the first and only product of that type in the banking industry. The official website of the project is www.dukascash.com

Dukascash is the family of universal digital payment means denominated in different fiat base currencies. Dukascash is designed by the Bank as a basket of low volatility tokens. The exchange rates of these tokens against its base fiat currencies in the long-term perspective is supposed to seek parity with those currencies.

Dukascash will exist in the form of ERC-20 smart-contracts over Ethereum blockchain and represents tokens softly linked to EUR, USD and CHF. Tickers for the above mentioned tokens will be EUR+, USD+ and CHF+ respectively. The list of base currencies will be extended at later stages upon client's requests.

Before the official launch of the product, the Bank announces a public testing phase of the project. The bank invites all crypto industry professionals to participate in the public testing of Dukascash. During that phase the minimum size of a transaction is established at 1000 or more tokens. This measure is intended to protect retail clients from the risks associated with participation in the testing processes.

In any case and independently on the results of public testing, possible future amendments to the White Paper and continuation or discontinuation of the project, the Bank takes an obligation to buy back all Dukascash tokens purchased by clients during the public test phase.

During the public testing stage, the Dukascash White Paper does not create any obligation for the Bank to launch and maintain the products and/or services described in the White Paper. The public testing phase starts July 3^rd, 2019. The termination of public testing will be announced separately. The Bank will apply its strict AML/KYC procedures to all operations with clients involving Dukascash.

Dukascash White Paper is available here.

Dukascopy Bank announces the special reward for most active referrers who will achieve the mark of 100 and more referrals successfully opened MCA accounts during one month.

At the beginning of July, 2019 all referrers who will pass the 100+ mark of opened accounts during June will be awarded a special private offer from Dukascopy Bank to buy back all Dukascoins received for their referrals at the fixed price of 1 EUR per 1 DUK+. For example, if the referrer has exactly 100 referrals successfully opened their MCA accounts in June then 500 DUK+ should be awarded for that activity (5 DUK+ for every referral). It means that at the beginning of July the referrer will get a private offer in his/her mobile application (Dukascoin Marketplace) to sell 500 DUK+ to the Bank at the fixed rate of 1 DUK+/EUR and get 500 EUR. The fixed price offered to referrers will not depend on the current market price of DUK+. If the referrer has already sold his/her DUK+ on the marketplace before the announced private offer he or she can buy appropriate amount of DUK+ on the marketplace and sell them to the Bank accepting the private offer. The offer will be limited by the amount of coins received by the referrer during previous month for his/her referral activity.

The referrers eligible for the special reward for a previous month will be identified in the course of the first business day of the next month by counting the successful MCA account applications processed during the previous month. This regular reward will be effective every month till the announcement of revocation from the Bank.
For the current month, the most active referrers have more than a week remaining to stimulate their networks to open more accounts. The more opened accounts the higher the reward!

Dukascopy Bank is happy to announce the official launch of the "Dukascoin Space Adventure" video campaign.

Starting from today visitors of the www.dukascoin.com web-site and Dukascopy social media groups will be able to watch the series of short movies about the Dukascoin's adventures on Space. The first chapter "Dukascoin Moon" is already available on the internet and ready for download in the media-kit via the link.

So fasten your seat-belts and enjoy the "Space Ride" Dukascoin movie!

15 months ago, at the beginning of 2018, Dukascopy Bank had set an ambitious goal to become the most dynamic and fast-growing retail banking institution in Switzerland. Today we are proud to report that the business model developed by Dukascopy Bank to achieve that goal is completely sustainable: 100 000 clients have entrusted to our institution their payment needs and assets! And the pace is gathering in speed: more than 50% of the amounts of retail accounts have been opened during last three months. In fact every three months the bank doubles its on-boarding productivity.

Our retail clients can reach the financial world by double-tapping on the screen of their smart-phones. A state-of-the-art bank-bot will guide the client through the wide range of unique services offered by Dukascopy Bank:

• Banking accounts in 23 currencies with an instant opportunity to exchange one currency against another with the best possible forex exchange rates with and lowest commission rates (for example, Swiss residents are charged only 0.25% of the exchanged amount);
• Instant and free of charge money transfers to any mobile phone number and between chat-mates of Dukascopy Connect messenger
• A wide range of investment vehicles built directly into the bank-bot including commodities, indices, gold and bitcoin;
• Access to the first Swiss banking cryptocurrency created by Dukascopy Bank called the Dukascoin which can be obtained by every new retail MCA account holder for free and offers overwhelming opportunities for its holders: participation in either conservative reward programs with average annual profitability at more than 50% or speculations on the internal Dukascoin Marketplace.

For those who prefer more traditional ways of managing their money Dukascopy Bank offers personal prepaid Dukascopy Visa card in EUR, USD, CHF and GBP allowing either to pay bills and services online and in stores (millions of locations supported) or to get cash in ATM’s. Transfers between the retail account and carda (deposits and withdrawals) are also free of charge.

Key components of the success reached are the following:

• Strict KYC/AML procedures based on Swiss banking regulation;
• Innovative on-line client onboarding procedure with remote Video Identification allowing clients from all over the World to open a Swiss retail banking account without having to be physically present at the bank's office;
• Modern Dukascopy Connect 911 messenger available for all mobile devices with built-in internet banking capabilities;
• Active usage of Artificial intelligence with chat-bots which allows 24/7 support and onboarding of clients;
• Implementation of the crypto-friendly bank concept.

Based on above mentioned factors Dukascopy Bank reduced the cost of onboarding of per client from 100 down to less than 3 EUR!

The convergence between Swiss banking traditions and modern technologies in Dukascopy Bank's retail products brought the bank to its current impressive result and has created a well-grounded basis for the development of even more fascinating products which will be announced very soon. While celebrating this new milestone we can endorse our bank's ambitious goal as stated in the Dukascoin project Whitepaper: With the trend continuing to be so dynamic, the Bank is eager to become the biggest digital bank regulated in Switzerland.

As of May 29, 2019 MCA clients of Dukascopy Bank may get 6 Dukascoins instead of 5 as was previously the case. This is a new extension of the Dukascopy Bank Referral Program. Its aim is to involve even more clients in the bank’s profitable Welcome Bonus.

New clients are eligible for the Referral Bonus if they meet the following criteria:

• The referral code should be entered during the MCA account application procedure through the Dukascopy Connect 911 messenger.
• The MCA account should be successfully approved and opened.
• Clients will not use their 5 Dukascoins during 30 days after reception of these crypto-assets.

The Bank will calculate the average daily Dukascoin balance of an MCA account at the end of a 30-day period and will release the reward if the account meets the Bonus criteria above. This means that the clients have the right to send/get/sell/buy Dukascoins at their discretion during the first 30 days of holding Dukascoins. However, the average daily balance should not be less than 5 Dukascoins.

The Bonus will be credited automatically when the account holder meets the Bonus requirements on the 31st day after receiving 5 Dukascoins as a welcome bonus for opening an account. Clients who will get the Dukascoin#6 will see the special incoming transaction in the “Bank” section of their 911 Dukascopy Connect messengers and their DUK+ balance will be increased by 1 Dukascoin.

More details about the Dukascoin Referral program can be found via the link

Dukascopy Bank starts offering its traders the possibility to use Dukascoins to trade on the entire range of speculative instruments on its margin trading platform. From now on clients can use the accumulated Dukascoins (DUK+) to fund their trading accounts and to invest in currencies, precious metals, indices, stocks, bonds, Bitcoin, Ethereum, oil, gas and other commodities. This is possible through the new Dukascoin funding mechanism offered for margin trading accounts.

Dukascoin funding allows almost doubling the actual trading leverage. Within the next step Dukascopy Bank plans to allow combined simultaneous usage of Dukascoins - clients will be able to place their DUK+ coins on income generating deposit and use them as margin trading collateral at the same time. Dukascoin income generating programs can bring up to 100% per year.

CEO of Dukascopy Bank Andre Duka says: "It is a traders's dream that trading collateral may bring you up to 100% of passive income per year. I'm happy that by extending the use of Dukascoin further it becomes a truly unique crypto currency. We are devoted to create paradise for investors."

Feel free to find more information on the new service in the website page.

Dukascopy Bank is pleased to announce that first reward distribution among members of prestigious Dukascoin Fat Catz club was successfully accomplished. Total amount of 2055.80 EUR of commissions charged from Dukascoin sellers during March and April has been distributed among Dukascoin account holders who joined Fat Catz club in April.

We remind that distribution of the reward is based on monthly average Dukascoin balance of largest accounts. The major condition to join Fat Catz club is to maintain the monthly average balance equal or larger than 10 000 DUK+.

The current projected annual return of investments of the first group of Fat Catz is 76.24%.

Dukascopy Bank is proud to inform that the next key milestone of MCA and Dukascoin projects has been passed: more than 1 000 new MCA accounts have been opened on Tuesday, April 23, 2019.

Only one week ago we celebrated substantial progress of clients' onboarding figures, and we did it again! This fact is the vivid evidence of the accuracy of the bank's plans developed more than a year ago. We can only refer to the Dukascoin Whitepaper, “the Bank started to offer MCA accounts for its clients one year before the launch of the Dukascoin project (February 28, 2019). 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. With the help of the Dukascoin Crypto, the Bank is planning to open from 1000 to 10000+ 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.” Today we would like to stress that those 1000 accounts per day which have been set as far away milestone is reached very soon.

Currently, despite some scepticism from the side of market participants regarding the concept of airdrop emission, Dukascoin has secured a stable exchange rate of around 0.75 EUR per 1 DUK+ during the month and a half. Such market evaluation ensures the progressive ongoing development of the project. A couple of dozens of clients have already allocated their Dukascoins with our Coin and EUR reward programs. And the elite club of Dukascoin holders called Fat Catz has already hailed its first members.

The future perspectives look bright, and we confidently declare that our retail banking and crypto projects fully match the initial road map while keeping up the positive dynamics!

Dukascopy Bank is happy to inform that positive dynamic of new MCA accounts opening is gathering the pace. On April, 16 new mark has been set. 823 new clients joined the growing community of MCA account holders.

In accordance with the principles published in the Dukascoin Whitepaper, Dukascopy Bank is pleased to inform all MCA clients who opened their accounts before the start of the Airdrop that they are eligible for the following offers from Dukascopy Bank:

Firstly, MCA account holders who didn`t benefit from the MCA promotional program (didn`t get 5 EUR after an MCA account opening before 28/02/2019) will receive five Dukascoins. The distribution will be performed during the nearest term. Dukascoins will be credited to MCA account balances automatically. Clients don`t need to undertake any action.

The second option is intended for MCA account holders and their Referrers who had received 5 EUR pursuant to the MCA promotional program before 28/02/2019. Despite the current market price of DUK+ fluctuating around 0.75 EUR per coin, Dukascopy Bank is following its obligations revealed in the Dukascoin Whitepaper and is offering the possibility to buy 5 Dukascoins at the price of 5 EUR during a period of 30 days starting from the day of this announcement. Clients willing to realize their right during the above mentioned term are invited to send an individual request to crypto@dukascopy.bank with their MCA account details and phone numbers for further processing.

After completion of the DUK+ distribution for MCA accounts opened before 28/02/2019 the bank is happy to announce that all activities according to the Dukascoin Whitepaper regarding initial coin distribution have been fulfilled. Further regular Dukascoin distribution will be performed according the Rules published here. This concept was developed by the bank to guarantee deficit of Dukascoins in circulations. The amount of Dukascoins will always be linked to the number of MCA accounts opened and consequently the number of clients who underwent the strict identification procedures.

We congratulate all clients of Dukascopy Bank with the completion of the initial stage of the Duksacoin Airdrop launch!

We would like to remind that currently up to 800 clients open MCA accounts on daily basis and receive 5 Dukascoins for free. The exchange rate of Dukascoins to EUR has been stable during the past month and fluctuates around 0,75 EUR per coin. Dukascopy Bank clients are able to join different income generating programs described on the website www.dukascoin.com. In order to collect an amount of Dukascoins to meet the minimum requirements for various income generating programs, our clients can access Dukascoin marketplace any time either through their mobile applications or via the web-link

Dukascopy Bank is proud to inform that last record benchmark of daily MCA accounts openings has been overcame just in two days! The new benchmark has been set yesterday – 797 clients started to enjoy all benefits created by Swiss bank to regular retail customers: state-of-the-art mobile banking, reliable messenger, usage of cryptotokens and Swiss regulated client funds protection.

Our forecasts regrading high demand to quality banking service strengthened by the unique combination of simplified Video Identification during client onboarding and opportunity to step into contemporary crypto world with Dukascoin live up to expectations.

We consider that the first global milestone for our bank of 1000 daily MCA accounts openings is not long in coming and will be reached till the end of the spring. Stay tuned!

Dukascopy Bank is pleased to notify our clients that first Dukascoins holder with large balance has joined the elite group of members of our crypto-community called Fat Catz. As for today this client has a unique opportunity to get an annualized reward equal to 129.84% in EUR at the end of April!

Dukascopy Bank would like to remind: members of Dukascoins Fat Catz club are participating in monthly distribution of 1% of commission charged by Dukascopy Bank for operations on Dukascoins marketplace. Any client with the balance of MCA account equal to or larger than 10 000 DUK+ is eligible to join Fat Catz club. The commission will be distributed proportionally to the amount of Dukascoins held on Fat Catz account.

Dukascopy Bank is happy to notify clients and readers that in less than one month new record mark of daily MCA account registrations has been set on April 8.

Just on March 13 we reported about the fact that 727 new clients joined our family of satisfied MCA account holders during only one day! Today we are celebrating new benchmark – 778 new accounts per day!

We would like to remind that the average daily number of registrations of the new MCA accounts has doubled every quarter. We are happy to state that the dynamic stays positive and we are looking at future with great confidence. The trust of all our clients and prospects relying on our services builds solid foundation of the development of retail wing of Dukascopy Bank business! Stay tuned!

Dukascopy Bank launches a second level of referral program called Big Fish. It is based on the same referral code used for the existing referral program while opening mobile current accounts (MCA). Big Fish program introduces a new additional bonus of 100 DUK+ paid to the referrer of each MCA client who`s account reaches 10 000+ Dukascoins. The Amount of Reward Deposits (if any) is counted. The Big Fish bonus is paid in addition to the standard 5 DUK+ referral bonus.

More details about Referral Program for existing clients can be found here.