With the market crumbling and the meme coin rocket ships taking off and in the wake there also seems to be a new season of DeFi emerging from the dust like a phoenix rising from the ashes.
I don’t know what the theme of this new DeFi season is going to be yet. Will it be investment banks launching their products on web 3.0 or old school ROI dapps that we play musical chairs with until the funds dry up? What about the AI trading bot theme, which perhaps still has a little flame burning in the corner from the trading bot season earlier in the year. To be honest I think the AI or algorithmic trading protocols that merge with DeFi have a strong leg to stand on and a real shot of success if created in a sustainable model.
It is when protocols promise unsustainable levels of return in the hope of attracting a throng of investors that seems to get them into trouble not being able to find the balance between success and sustainability. It will happen eventually when the common sense approach does take over and we start to see the levels of return drop to a point that is sustainable while still being attractive enough and safe to a degree to pull you away from the corrupt banking and financial system we have known for generations.
I feel the more protocols I look at the closer I am going to get to finding the few that might be sustainable and last for the long term and todays could be one of those protocols moving in the right direction. Today I am taking a closer look at the AI Trading Bot protocol Summit Ventures that is not promising the world in returns but still well above anything from traditional finance at 5–12% per month.
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Remember guys these videos and articles are not financial advice and I am not a financial advisor. Always do your own research on these protocols and gather enough information to make your own informed decision before investing and alway only invest in what you can afford to lose.
Summit Ventures
Summit Ventures allows investors to get access to state-of-the-art AI forex trading algorithms created by industry leaders and build your wealth sustainably. The team prides itself on reliability and sustainable passive income producing an ROI of between 5% — 12% per MONTH. This kind of conservative ROI is a welcome change to the unsustainable protocols preaching a 2% per day ROI that tend to only last for a number of weeks.
Currently the Summit Ventures team have been trading this strategy for over 2 years successfully and have recently launched this protocol opening the opportunity up to the general public to be able to invest and earn the same returns they have been achieving for over two years now. The protocol is now in it’s third month of operation and is starting to see some serious interest with the contract reaching over $100K in volume.
No Minimum Deposit
Weekly ROI
As you might understand, the trading game does not provide definitive results and it is great to see the Summit Ventures team are open and transparent about the results that we should expect. So the weekly ROI is variable rate between 1.5%-2% per week depending on the market and the trends.
Strategy Optimization
Another fantastic amount of work and transparency the team provides to its investors are the strategy optimisations they are always doing with their algorithmic trading. The team are also always in constant communication with the respected telegram groups providing trading results and strategy updates depending on the economic conditions. See various links at the bottom of this article.
Deposits and Withdrawals
Depositing into the protocol is very simple and currently BUSD (BSC) is the stable coin of choice for deposits. There is a 1.5% deposit fee. There is also a lockup fee on deposits of 60 days. Investors can withdraw this initial investments before the lockup period ends but will incur a 15% withdrawal fee.
It is important to note that the contract for Summit Ventures is open to see for investors but also critical to understand that the balance during the weekdays when they are opening active trades will be very low and not to be alarmed. This means that withdrawals are closed during the weekdays while trades are open. Withdrawals are open and available on the weekends when funds return to the contract after closing the trades for the week. When withdrawing there is also a 15% withdrawal/performance fee.
How to Invest
Make sure from the Summit Ventures website you click on the “Launch App”. As mentioned earlier the current crypto currency you need to invest in Summit Ventures is BUSD (BSC) with the plans to open up to other chains at a later date.
You will need to connect your MetaMask wallet to the protocol to start with and then approve the use of BUSD. It is important for security to set the limit of each protocol you approve at the maximum you are willing to invest. In my case I invested $100 BUSD to begin with and approved the use of $100 only.
Once you have approved the use of BUSD you can then go ahead and click on the depost button and confirm that in your MetaMask. It is as simple as that. Remember there is a 1.5% deposit fee so make sure you remember that and not to be surprised when the full amount you deposited does not appear in the deposits.
5%-12% per MONTH
Weekly Profits
As previously mentioned the protocol is now in its 3rd month since launching to the public and below are the weekly performance reports provided by the team on the telegram announcements as well as published on the website.
Historical Return
The Summit Ventures team have created some great documentation which can be found linked at the bottom of the protocol. As part of their documentation and one of the most important pieces of information in my mind is the release of the last 2 years of historical trading results. You can see the progress starting in 2021 through to the first part of 2023 and track the rates and revenue over the last two years and you can notably see how sustainable their results are. Details below.
Referrals
Also provided for investors who wish to work towards building a team of investors below themselves is the inclusion of an affiliate program. This is a conservative 1% you receive from any deposits that your downline provide to the protocol. Again this is all in the name of sustainability. Too many protocols provide over the top referral systems in order to attract the larger crowd but at the same time they sacrifice sustainability.
Conclusion
My thoughts on Summit Ventures is that it is certainly a protocol more on the simple side of things but in saying that, this could possibly be the best AI algorithmic trading protocol out of the many that have come and gone promising the earth. With sustainability at its core it is refreshing to see that a protocol is willing to take a conservative approach while trying to build an investor base. This in my opinion is how protocols will be in the future slowly building up through reputation and not unreasonable offers on returns. I tip my cap to the Summit Ventures team and wish the team, you and me GOOD LUCK!
Summit Ventures Telegram > https://t.me/summitventures
Join Team DEFI LIFE in Summit Ventures > bit.ly/3pvYRpf
