26/07/2019
Dukascoin demand SKYROCKETS in July!
On Friday, July 26, the price of the Swiss regulated crypto token Dukascoin fluctuated above the 1.50 EUR mark. The currency exchange rate surged to this level from 0.60 EUR last month. Namely, there was a 155% jump of the price.
There were a number of factors that triggered the move, such as adding the currency to the Swiss Crypto Exchange SCX that majorly increased demand for the currency.
In the meantime, major cryptocurrencies traded with high volatility and lost value. Bitcoin made two hype-fueled surges above the 13,000.00 level, which were followed by a decline. By July 26, BTC had lost 6.80%.
In the meantime, ETH has plummeted by 36.56% from the June hype-high level.
In addition, note that the top crypto prices are in USD, which has been declining due to the expectations of the US Federal Reserve Rate cut that is set to increase the supply of the USD. Namely, the purchasing power of the cryptocurrencies decreased even more than indicated by the charts.
Dukascoins can be acquired via SCX or directly from Dukascopy Bank SA.
Moreover, Dukascopy Bank SA pays interest to one-year deposits, both in EUR and in Dukascoins.
The Bank also pays a EUR Reward for one-year term deposits in Dukascoins in the amount of 50 euro cents for each Dukascoin allocated.
For example, if a user buys 5000 DUK at the rate of 1.07EUR and at the end of the deposit term the price rises to 1.50EUR, they receive both the benefit from the risen price (2150EUR) and 2500EUR on top from Dukascopy (0.50EUR for every coin deposited). If the price stays the same, users will still receive 2500EUR from Dukascopy on top of their deposit. Even the price falls to 0.60EUR, users will still be in profit by 150EUR.
Besides, to stimulate the liquidity at the internal marketplace, the Bank periodically pays bonuses to the selected marketplace liquidity providers – namely Fat Catz. Clients are eligible to participate in the Dukascoins Fat Catz reward program in case the monthly average balance of their accounts is larger than 10 000 Dukascoins.
Visit Dukascoin.com for more information!