Saturday, 2 September 2017

MINERVA


 


MINERVA (OWL)


PRESALE & ICO

 

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.

 

INTRODUCTION TO MINERVA
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. We envision a world where smart contracts help address the issue of excessively violent price swings, changing the way businesses approach cryptocurrency. By bridging the gap between businesses and customers, we hope to assist in bringing digital currencies mainstream.

WHAT IS MINERVA?
Minerva is a platform built on the Ethereum blockchain and its cryptocurrency is the OWL ERC20 token. The aim of Minerva is to address mainstream cryptocurrency adoption issues and provide partnered businesses with incentivized payment solutions.

WHAT MAKES 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 the OWL token is its currency. In addition to being a cryptocurrency, we are the world's first reverse merchant processor.

WHO IS BUILDING MINERVA?
Minerva Technologies S.a.r.l., a Luxembourg based blockchain technology company comprised of team members and advisors from around the world.

WHERE DO THE PROCEEDS FROM THE TOKEN CROWDSALE GO?
As displayed in the pie chart above, the token crowdsale is divided between multiple factions. 70% of the tokens will be distributed amongst crowdsale participants. 10% will be distributed amongst the founding team and advisors. 10% will be reserved for long-term operational costs and new advancements. 5% will be reserved to be distributed to new partnerships in the form of signing bonuses. The remaining 5% will be reserved for and split between our promotional bounty and diligent bug bounty programs. All value transferred in exchange for OWL tokens during the crowdsale is the revenue of Minerva Technologies S.a.r.l.

WHAT DOES MINERVA STAND FOR?
Minerva is the Roman goddess of wisdom and strategic warfare, trade and strategy.

WHAT WALLET SHOULD I USE TO STORE MY MINERVA TOKENS?
ERC20 compatible wallets such as MetaMask, MyEtherWallet or TREZOR (with firmware >= 1.5.2 due to a recent security issue) for a physical cold storage solution.

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