Minerva - Platform for Payment Solutions - Information About Fintech and More

Built with smart contracts on the Ethereum blockchain, Minerva aims to incentivize approved platforms to adopt its cryptocurrency as a new payment method. Incentivization is achieved by rewarding these approved platforms with newly minted OWL tokens. These tokens are generated at a variable rate as the currency is used.

Today’s digital currencies have a serious problem. They’re rarely used as currency. The problem is compounded by excessive short-term price swings which creates substantial risk for many businesses to accept cryptocurrencies.

What is Minerva?

Minerva is a platform built on the Ethereal block, and its cryptography is coin OWL ERC20. The goal of Minerva is to solve the problem of introducing cryptococci into the mainstream and providing useful payment solutions to partner companies.

How is Minerva profitable if you PAY transaction fees ?

Minerva taxes a portion of paid out reverse transaction fees for operational costs.

Why isn’t cryptocurrency more widely used ?

The biggest reasons cryptocurrencies aren’t more widely used are: the amount of money saved by using it is often less than the costs of using it, and the price of cryptocurrencies often change dramatically over short periods of time, making it difficult for both buyers and sellers to feel comfortable using them.

Why would people spend OWL instead of Fiat currency or other cryptocurrencies ?

Minerva’s OWL token is preferable to Fiat currency for users because of the incentives approved merchants will be provided based on the rewards system. Approved merchants, or approved sellers, receive rewards when OWL is used. We think these merchants will want to take full advantage of this extra revenue by offering their customers discounts, freebies and exclusive content for paying with OWL.

Does the reward rate invariably have to hit zero and stay there permanently ?

The reward rate doesn’t have to hit zero. If the OWL token’s market price is rising for any reason, the reward rate will not be zero. Since supply rising decreases the price of the OWL token, we can increase supply as the price increases in order to decrease the price and prevent short-term violent rises and decreases in price. We will be able to use various methods to decrease the amount of OWL tokens in circulation, one notable method being the MVP (Minerva Volatility Protocol) system described in the “Distribution & Supply Model” section of this document.

If the economy is ever-expanding we can keep reward rates forever, but if the reward rate does hit zero it is a good thing. It would likely imply that OWL tokens are very widely used, and at that point, if the OWL stays stable for a long time, we could abolish reward rates altogether. It is important to remember that bonus OWL tokens will never be issued to approved merchants unless the bonuses can be accounted for.

ICO

In the above diagram, tokens with thick layers are divided between several fractions. 70% of the tokens will be distributed among the gift participants. 10% will be distributed between the designer team and the consultant. 10% will be reserved for long-term operating costs and new achievements.

5% will be reserved for distribution to a new partnership in the form of signing bonuses. The remaining 5% will be copied and distributed between promotional gifts and programs that make mistakes. All values transferred in exchange for OWL tokens during crowdsale are revenues Minerva Technologies Sarl

75.000.000 of 100.000.000 The initial number of Minerva OWL tokens will be distributed in two groups. Pre-sale, followed by Minervale Minerva,
The crowd will be held in an auction format in all Minerva distributions, the amount of donations received will be rewarded, and then distributed accordingly. 25,000,000 Minerva will be excluded from crowdsale After 100,000,000 OWL start-up coins are made, in addition to the bonuses associated with the service platform, they will be permanently discontinued. 365 days or the equivalent of the year from the crowd

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