Dukascoin Fat Catz reward program

Clients are eligible to participate in the Dukascoins Fat Catz reward program in case the monthly average balance of their accounts will be equal to or larger than 10 000 Dukascoins.

Current month Statistics

^*In case of absence of the actual data for calculation this field reflects indicative meaning for hypothetical account with 10 000 Dukascoin balance. Projected profitability is counted with the assumption that current price of Dukascoin and the balance of the account will stay unchanged during the year.

Program description

In order to stimulate the liquidity at the internal marketplace, the Bank establishes a special reward program for the marketplace liquidity providers who are called Fat Catz – a prestigious group for our crypto-community members who make the most important contributions to the development of the Dukascoin marketplace. As a reward they have an opportunity to enjoy a significant additional income in fiat currency. Conditions of the Dukascoin Fat Catz reward program are subject to change and all amendments will be publicly available 30 days in advance.

Current conditions of the Dukascoin Fat Catz reward program:

1. The Bank will collect the commission from all sellers of Dukascoins at the internal marketplace.
2. The current level of the commission is 0.05 EUR for every 1 full Dukascoin sold or 1% of the trade size (depending on what is higher). The amount will be deducted from the incoming payment credited to the Dukascoins seller’s MCA account. The commission rate is subject to change at the Bank’s discretion. The information about rate and conditions of the charge is published on the Dukascoin website.
3. The amount collected in commissions will be distributed among Dukascoin account holders who are eligible to participate in the program. This amount will be calculated based on the monthly average balance of their coins held both in the Bank and in blockchain*. The monthly average balance will be calculated as the sum of the end-of-day balances of both the Dukascoin subaccount in the Bank and the registered blockchain wallet divided by the number of days in the past month. Clients are eligible to participate in the Dukascoin Fat Catz reward program if the monthly average balance of their coins equals or is larger than 10 000 Dukascoins.
   ^* - only coins that are not blocked for staking programs are taken into account.

The monthly commission volume to be distributed will be published on the Dukascoins website. In case there are no holders qualified to receive Dukascoin Fat Catz reward, the amount of the commission collected will be added to the next month distribution.

The Bank itself will not receive such bonuses to avoid conflicts of interests.