LeGAL

Our price offers.

Services and fees

Account opening fees

Free

Deposits

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

Management

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

Withdrawals

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.

OBSOLESCENCE

Gross Monthly Yield

Gross Equivalent Yearly Yield

% Obsolescence costs deducted from the monthly gross return

0% – 0.832%

0% – 9.99%

0%

0.833% – 1.666%

10% – 19.99%

0.03%

1.667% – 2.499%

20% – 29.99%

0.10%

2.500% – 3.332%

30% – 39.99%

0.23%

3.333% – 4.166%

40% – 49.99%

0.40%

4.167% – 4.999%

50% – 59.99%

0.63%

5.000% – 5.832%

60% – 69.99%

0.90%

5.833% – 6.666%

70% – 79.99%

1.23%

6.667% – 7.499%

80% – 89.99%

1.60%

7.500% – 8.332%

90% – 99.99%

1.88 %

8.333% – 9.166%

100% – 109.99%

2.08%

9.167% – 9.999%

110% – 119.99%

2.29%

10.000% – 10.832%

120% – 129.99%

2.50%

10.833% – 11.666%

130% – 139.99%

2.71%

11.667% – 12.499%

140% – 149.99%

2.92%

12.500% +

150% +

3.13%

* 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.

Additional bonuses for Summit Tokens holders

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

1

2

3

4

5

6

7

8

9

Benefits for holders of summit tokens

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.

Join us and take advantage of our mining offer.