Clients willing to buy Dukascash tokens must apply to the Bank for a quotation.
The Bank may quote Dukascash tokens against Dukascoins or fiat currencies or other Dukascash tokens. Up to a certain limit set by the Bank, it is only possible to exchange Dukascash tokens against Dukascoins. Beyond the limit, the Bank reserves the right to quote Dukascash tokens against either Dukascoins or fiat currencies. The limit is determined and may be changed by the Bank upon its discretion. The current limit is set at 10 000 tokens.
For the period of public testing the minimum size of a transaction is established at 1000 or more tokens. This measure is intended to exclude retail clients from the stage of public testing.
Clients who specifically need Dukascash nominated in the currency other than is currently available (for example, in JPY, GBP, SGD etc.) can request a special emission. Details of such type of operations are subject of individual agreements between the Bank and the Client.
The Bank intends to apply the same concept of AML/KYC controls for Dukascash tokens as it now does for Coins. Similarly to the Coins case, the Bank offers the operations in Dukascash tokens exclusively to its own clients. Any client authorized to operate Dukascash tokens, must have an MCA account with the Bank and declared to the Bank his/her blockchain wallet (successfully passed AML control). The Bank is not able to control Dukascash tokens turnover in the open blockchain beyond its own infrastructure.
To buy Dukascash tokens the client of the Bank must:
- Open the Dukascopy Connect mobile application and enter the "Bank" section (icon ) (Screenshot )
- In the bottom left corner of the application screen call the Bank-bot (icon ) (Screenshot )
- Tap on "Dukascash" menu item (Screenshot )
- Fill in the required type and amount of the Dukascash transaction (Screenshot )
- Request a live quotation from the Bank
- Get the quotation and follow the instruction provided by the Bank
To recieve more information, please, read the Dukascash White Paper.
Till the moment when the Bank announces the contrary, the development stage of the Dukascash project is considered as public testing. For this period the minimum size per transaction is established at 1000 or more tokens. This measure is intended to exclude retail clients from the public testing stage. During public testing the Dukascash White Paper represents a conceptual project. The details of implementation may be changed. The Bank will make every effort to implement the project as close as possible to the procedure outlined in the Dukascash White Paper. Nevertheless, depending on the market situation and plans of the Bank itself, the Dukascash White Paper may be amended and supplemented at the discretion of the Bank. 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 listed there. The public testing stage starts on the 3rd of July, 2019.
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.