Reward staking programs on external wallets

Dukascopy Bank SA (Dukascopy) offers the possibility to store the stakes made in the framework of the Dukascoin Staking Programs on the personal blockchain wallet address of the client. This offer is available in relation to stakes of Coin Reward Programs and EUR Reward Programs under the following conditions:

1. The Dukascoin stake is stored on the dedicated blockchain wallet address that the client has declared to Dukascopy and confirmed ownership of it by executing the “Sign message” action. If more than one stake is concerned, all the stakes are stored on the same dedicated blockchain wallet address.
2. Besides the standard reward conditions applicable to Staking Programs stored inside MCA accounts, the client shall receive an additional reward, paid in Dukascoins, and calculated as follows:
   1. For 1-year reward staking programs: +10% of the stake amount per year. The additional reward is adjusted based on the residual term of the stake and is calculated as follows:

      [Stake amount] × 10% × X / 365

      , where X is the number of days remaining until the stake end date.
   2. For 3-month reward staking programs: +8% of the stake amount per year. The additional reward is adjusted based on the residual term of the stake and is calculated as follows:

      [Stake amount] × 8% × X / 365

      , where X is the number of days remaining until the stake end date.
3. The stake(s) is to remain blocked on the dedicated wallet address until the end date of the respective Staking Program.
4. The client undertakes to ensure that at any moment before the end date of the Staking Program(s) the number of Dukascoins held on the dedicated blockchain wallet address is not less than the total number of Dukascoins that participate in the Staking Programs stored on the client’s blockchain wallet.
5. The client undertakes not to perform any transactions with the Dukascoins that participate in the Staking Programs stored on the client’s blockchain wallet until the end date of the respective Staking Program.
6. The Client shall receive the reward on his/her MCA account with the Bank after the end date of the respective Staking Program, provided that all the conditions of the Staking Program are met.
7. The Dukascoin stake becomes free of limitations the next day after the end date of the respective Staking Program.

Early termination

8. If the client requests to terminate his/her participation in any or all Staking Programs stored on the client’s blockchain wallet before the end date of the Program(s), the client will not be entitled to receive any reward for the early-terminated Staking Program(s).
9. In case of any failure by the client to comply with clauses 3, 4 or 5 of the present Terms & Conditions, such a failure is considered as an early termination of the Staking Program(s) stored on the client’s blockchain wallet and immediately eliminates the client's right to receive any reward for the early-terminated Staking Program(s).
10. In case of early termination, the Staking Program(s) stored on the client’s blockchain wallet are not to be charged a penalty of 5% on the stake amount.

In order to apply for the storage of a staking program on the personal blockchain wallet of the client, he needs to have existing staking program(s) for an amount of at least 5,000 DUK+ stored with the Bank. He may then request to move this existing staking program(s) to his personal blockchain address by following the steps below:

1. Declare his personal Ethereum blockchain wallet address and verify it by passing through the Sign message procedure.
   Note that in order to be able to store Dukascoins this should be a wallet that supports ERC20 Ethereum token standard and the client should be in control of the wallet’s private key.
2. Declaring a blockchain address is not necessary if the client has already done this previously, while getting access to other blockchain operations with Dukascopy. Note, however, that in this case the DUK+ stake will also be moved to that previously declared address.
3. Contact Dukascopy Support Team via support chat and apply for the option to move the Dukascoin staking program to the personal blockchain wallet.
4. Send an email instruction to the Dukascopy Support Team/Account Manager to move the reward stakes to the personal blockchain address. The instruction should contain:
   1. The ID of the stake(s) to be moved.
   2. The DUK+ amount of the stake(s) to be moved.

If the client has not declared his Ethereum blockchain wallet address to Dukascopy previously, here is the path to follow:

1. Log in to your MCA account through the Dukascopy Connect 911 mobile app or through the web interface.
2. Go to the "Dukascoins" menu section and select any of the 2 actions:
   1. Deposit from blockchain
   2. Withdrawal to blockchain
      
3. Click “Continue” and follow the instructions of the declaration form. See the dedicated webpage to find more details on the “Sign message” procedure that has to be passed to finalize the declaration of the personal blockchain address.

Even if the client does not have an existing personal Ethereum blockchain wallet to store his DUK+ reward staking program(s), it may be created at any time.

Any type of wallet is a combination of your private key and the public address.

There are multiple options of wallets on the market that, based on how and where the private key is stored, can be classified into several groups, the most widespread being:

• Hardware wallets
• Desktop wallets
• Mobile wallets
• Web wallets

Except for the price of the hardware device itself that the client will need to purchase if he decides to use a hardware wallet, as a general rule, all of these wallets are free-of-charge services.

Although one may find an abundance of detailed materials on the internet on every type of wallet, we are providing here on one particular example, keeping in mind its user-friendliness/security combination and the support of the "Sign message" functionality – MyEtherWallet (MEW).

This is an example of a Mobile wallet that allows you accessing your wallet via a web interface or via the mobile app, while always using your phone as part of the security authentication process.

Follow the link to create a new wallet and follow the instructions appearing. Once done, return to the previous section to Declare your newly created Ethereum wallet address to Dukascopy.