Account opening fees
Free
Accepted currencies
EUR
Accepted crypto-assets
BTC, ETH, LTC,
USDT (ERC-20, TRC-20), DAI, USDC (ERC-20), BUSD (BEP-20).
Minimum initial deposit
€2,000
Minimum additional deposit
€1
Processing fees
25%*
These costs cover the expenses prior to the installation of the Equipment: transport, insurance for logistics, customs, VAT, legal costs, installation and configuration of the Equipment, Costs of configuration of the Equipment, costs and customs duties, legal fees, application fees, various taxes, deposit for electricity, purchase of equipment (container, turbine, cables, connectors, routers, etc.) and others.
Performance fees
20%*
*Not including promotional offers
Minimum reinvestment
€100
Accepted currencies
EUR
Accepted crypto-assets
BTC, ETH, LTC, USDT
Post-Maturity Withdrawal Fee
None
Additional fees for recurring purchases
None
Intervention fees
None
Outgoing transaction fee
€0
Rapid withdrawal of capital from the Marketplace
Within 15 days
15% discount of the SMK value
Classic withdrawal of Capital outside the Marketplace
Within 30 days
Actual SMK value
Obsolescence
Obsolescence fees are used to renew the mining park. The fees are variable and depend on the monthly return on investment.
Note: Fees will be applicable as of September 1, 2022.
Tier
Gross Client Return (% monthly)
Percentage Contribution to the Renewal of the Mining Park
1
0.00% – 0.80%
0%
2
0.81% – 1.53%
3%
3
1.54% – 2.21%
6%
4
2.22% – 2.84%
9%
5
2.85% – 3.44%
12%
6
3.45% – 3.99%
15%
7
4.00% – 4.52%
18%
8
4.53% – 5.02%
21%
9
5.03% and more
24%
* VIP levels 1-9 can be achieved either by holding Summit Tokens or by the number of referrals made in the Summit ecosystem.
If the level is acquired by holding Summit Tokens, they must be held for a minimum period of six months.
During the lock-in period, the Summit Token holder can upgrade to a higher VIP level at any time if the value of his or her Summit Tokens increases and the new value allows him or her to change levels. In this case, a new six-month lock-in period begins.
At the end of the lock-in period, the VIP level is retained by default, unless the Summit Tokens holder disposes of their tokens.
Ex: You have €5,000 in Summit Tokens. You are therefore eligible for VIP level 3. If during the blocking period (6 months) the value of the Summit Token is multiplied by 3, you now hold €15,000 of Summit Tokens, which allows you to become VIP 4 if you wish. In this case, the Summit Tokens are locked again for 6 months. At the end of this period, your VIP 4 status is retained, even if the price drops. However, if you sell €6,000 worth of Summit Tokens, (€15,000 - €6,000 = €9,000), then you will lose your VIP 4 status because your holdings will be less than the minimum required amount, and this is due to an action you took (a sale of your Summit Tokens) and not to adverse market conditions.
VIP level
Regular payment of a portion of the revenues generated by the Summit Group
Invitation to Summit Group events
Priority customer support by email
Dedicated customer advisor by phone
Annual "relaxation" trips
0
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1
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2
3
4
5
6
7
8
9
VIP level
Summit Mining performance fee*
*Not including promotional offers
0
20,0%
1
19,5%
2
19,0%
3
18,5%
4
18,0%
5
17,5%
6
17,0%
7
16,5%
8
16,0%
9
15,0%
Special offers
Those who invested before midnight on March 25, 2022 receive a 15% lifetime performance fee.
These special offers do not automatically qualify for VIP levels 1-9. However, these special offers are cumulative with VIP levels 1-9 if the person is eligible for VIP levels 1-9.
Referrals
For each validated referral:
- the referrer receives €25 in SMKs
- the referee can choose to receive €25 in SMKs or to have a 30% discount for 3 months on his performance fees.
