MINERVA - SMART MONEY OF CRYPTOCURRENCY

Februari 15, 2018

MINERVA - SMART MONEY OF CRYPTOCURRENCY

Minerva is an interface that has been built on the Etheruem Blockchain and its main aim is to help address mainstream cryptocurrency issues as well as provide partnered businesses with incentive payment solutions. Its primary token is Minerva OWL and ERC20 tokens. The company’s main aim is to provide highly efficient trading strategies to all their members to enable them to get good returns from their investments.

MINERVA DIFFERENT FROM BITCOIN

The core differences between Minerva and Bitcoin is that Minerva is designed to reward platforms that accept its OWL token with reverse transaction fees, as well as address the challenges of mainstream cryptocurrency adoption. Minerva is a platform and its OWL token is its currency. In addition to being a cryptocurrency, we are the world’s first reverse merchant processor.

MINERVA BE USED

Minerva will be used on carefully selected platforms which are subjected to rigorous auditing and transparency agreements. It is unlikely will consider parterning with any platform with a > 15,000 Alexa ranking.

SPECIFICATIONS

TECHNOLOGY

Minerva is presently an ERC20 token and smart contract system built on the Ethereum blockchain. Following this standard, Minerva tokens are easily transferable between users and platforms using ERC20-compatible wallets, and can be smoothly integrated into exchanges.

SERVICE AND APPLICATION LAYER

Certain OWL tokens will be held and issued to businesses to serve as “signing bonuses” subjected to a slow-time-release algorithm and distributed on a first-come, first-served basis at 5% of the bonus vault until a point where the vault becomes nearly exhausted and a 5% signing bonus is fiscally inconsequential.

This is in addition to bonus Minerva OWL tokens issued to partnered businesses via Proof-of Transaction at a variable rate designed to ease inflation and combat violent price swings. With this model, OWL tokens can be exchanged for services on Minerva-approved platforms and then sold back on the market by partenered businesses, thereby creating the added monetary value. OWL tokens cannot be generated by any other method.

This fundamental revenue-generating aspect of Minerva allows approved and integrated businesses to increase their revenue immediately upon implementation, and grants more flexibility in partenered platforms to reward customers with discounts.

DISTRIBUTION & SUPPLY MODEL

ADVANCED METHODS

Minerva uses two advanced methods to increase and decrease the OWL token supply. The first method mints new Minerva OWL tokens and inserts them into the economy when a partner platform accepts the token as the payment method. The rate at which OWL tokens are currently entering the economy is called the “reward rate.” The reward rate is directly proportional to the price of OWL: as the price rises, the reward rate rises. The reward rate will rise until it increases the total supply enough to prevent violent short-term price swings. When the reward rate is greater than zero (0), a small portion of the rewards are sent to a contract where they can be exchanged for MVP tokens (Minerva Volatility Protocol tokens) and voting tokens. The inherently inflationary reward rate used to reward platforms is hard capped at 10%. This hard cap means supply will not dramatically change during episodes of significant growth, enabling the market price to naturally stabilize when artificial steadying is inadequate.

The second method sterilizes Minerva OWL tokens when their price is decreasing. Instead of a negative reward rate, we enact a system that incentivizes users to temporarily take their OWL tokens out of the economy. Users will exchange OWL tokens for MVP tokens representing a certain amount of OWL tokens which may (or may not) appreciate over a set period of time. In any instance of a price decrease MVP tokens will be sold, but the more drastic the price decrease at the time of purchase, the higher the potential appreciation value of these tokens. These MVP tokens will be able to be exchanged at a later date for the original OWL tokens paid in addition to a certain percent extra. In the event of a prolonged decline in which MVP vault funds are exhausted, the OWL token will have to naturally regain price stability.

PRE-SALE/CROWDSALE

BASIC INFORMATION

Early adopter participation takes place through a crowdsale dashboard accessible via Minerva.com. 75,000,000 of 100,000,000 total initial Minerva OWL tokens will be distributed in two crowdsales. A pre-sale is followed by a primary Minerva crowdsale, and each are accessible to parties outside of the United States.

The crowdsales will be held in an auction format in that all distributed Minerva will be priced by the amount of contributions received, and then distributed accordingly. 25,000,000 Minerva will be excluded from the crowdsales which is described below in the “Reserve Minerva” section. After the initial 100,000,000 OWL tokens are created, new token creation, apart from bonuses associated with platform utility, will be halted permanently. Within 1 year (365 days) of the crowdsale, an announcement will be made regarding any potential 1:1 token exchanges relating to any proposed private blockchain migration.

PRE-SALE

We will be holding a token pre-sale and it is likely to be privately held.

PRIMARY FINAL CROWDSALE

After the token pre-sale, the primary and final crowdsale will take place

RESERVE MINERVA

At the end of the crowdsales the founding team will receive a 10% allocation of OWL tokens, subject to a twelve-month (12-month) holding period. These tokens will serve as a long-term performance incentive for the founding team. An additional 10% will be allocated for long-term operating costs, 2.5% will be allocated for partnerships and another 2.5% for the bug bounty program. All Minerva OWL token transfers will be restricted for two (2) months after the crowdsale ends.

Roadmap