Get to know more about Minerva

Oktober 03, 2017

Cryptocurrency consists of Crypto and Currency, so when viewed in terms of language then it means "Secret Currency", because Crypto means Secrets and Currency is Currency. This meaning is somewhat similar to the sense in terms of the term, namely "Currency of a digital and secret". So Cryptocurrency is a currency in the form of digital (digital / virtual currency) and also is confidential. Of course, because of the digital form there is no physical form, unless you make your own from gold or other metals with the same value. But although it is not physical, this currency still has value, because it can be used as a means of payment, for example: used to buy a Laptop or Smartphone from Apple using Bitcoin this time I will introduce Cryptocurrency platform is MINERVA cryptocurrency which provides additional revenue stream to traders who approved to receive its tokens as a payment method We strive to demonstrate a less volatile future of fluctuations through Proof-of-Transaction and introduce incentives of payment solutions to accelerate the adoption of mainstream cryptocurrency and intelligent contracts

Minerva goal

Built with a smart contract on blocking Ethereal, Minerva's goal

to incentivize the approved platform to adopt its crypto as a new payment method Incentivization is achieved by rewarding it an approved platform with a newly printed OWL token. This token is generated at the variable rate when the currency is used. Today's digital currency has serious problems. They are rarely used as currency. The problem is coupled with the excessive short term price swings that create huge risks for many businesses to receive Cryptocurrency

We envision a world in which smart contracts help solve this problem from overly inflated prices, changing the way businesses approach Cryptocurrency. By bridging the gap between business and customers, we hope to assist in bringing the mainstream of digital currencies

Technology

Minerva is currently the token and smart contract ERC20 system built on the Ethereal blockade.

Following this standard, Minerva tokens are easily transferable between customers and approved by merchants using wallets compatible with ERC20, and can be seamlessly integrated into the exchange.

Service and application layer

Certain OWL tokens will be held and issued to approved merchants for "signature bonuses"

subject to slow-time-release and distributed algorithms on a first come basis, first served at a

the percentage of variables from bonus vault to the point where the vault becomes low and a

fiscal signing bonuses are not important.

in addition to the Minerva OWL token bonus issued to approved merchants via Proof-of-Transaction at a variable level designed to facilitate inflation and combat violent price changes. With this model, OWL tokens can be exchanged for services on an integrated platform and relaunched to the market by approved merchants, thus creating additional value for money. Excluding the distribution of the event's initial tokens, OWL tokens can not be generated by any other method

The fundamental income generating aspect of Minerva allows approved traders to increase their capital

revenue immediately after implementation, and give more flexibility to these merchants to reward

their customers with discounts.

Basic information

Early adopter participation takes place through a crowded dashboard accessible through Minerva.com. 60,000,000 out of about 100,000,000 of the original OWL token total will be distributed in two crowds. Personal

presale followed by the main crowdsale. 40.000.000 Minerva will be excluded from the crowd described below in the "OWL RESERVE" section. After the initial 100,000,000 OWL tokens are created, the new Creation token, in addition to bonuses associated with the platform utility, will be terminated permanently. Within 1 year (365 days) announcement of the crowd will be made about the potential exchange of tokens as much as 1: 1

associated with the proposed blockchain migration. Such announcements will be made through a mailing list and confirm on the minerva.com website and on all official social media channels. All OWL tokens

transfers may be limited to an unspecified amount of time not shorter than 1 week (7 days) and no longer than 1 year (365 days) after the completion of crowdsale. PRA-SALE We will hold a token tokens that are likely to be held privately for accredited parties.

RESERVE OWL At the end of the crowd, the founding team will receive an OWL 20% tokens allocation, subject to a 12 month holding period (12 months). This token will serve as a long-term performance incentive

management and founding team. An additional 7% will be allocated to strategic advisor, 5% for long-term operating expenses, 5% signing partnership bonuses (new approved merchants), 2% for bug rewards and 1% for promotional gifts

METHOD ADVANCED

Minerva uses two advanced methods to increase and decrease OWL token supplies. The first method that mints a new OWL token puts it into the Minerva economy when an approved merchant

received a token as a payment method. The rate at which the current OWL token enters the economy is called the "rate of return". The reward rate is directly proportional to the OWL price: as the price increases, the wage rate rises. The rate of return will rise to increase the total supply sufficient to prevent short-run price swings. If the rate of return is greater than zero (0), a portion of the fee is taxable

to retain Minerva, and other parts sent to smart contracts to be saved to incentivize future MVPs

and voting participants. The inherent inflationary reward rate used to reward approved traders is difficult to limit 10%. This hard stamp means the supply will not change dramatically during significant growth episodes, allowing market prices to stabilize naturally when artificial stabilization is inadequate. The second method sterilizes the OWL token when the price falls. Instead of a Level negative prize, we enforce a system that incents users to temporarily remove their OWL tokens from circulation. Users will freeze their OWL tokens with our MVP contract in exchange for potential bonuses after their funds remain frozen for a certain period of time. In any case the price reduction, MVP contract can be used, But the drastic the price drops when the MVP contract funds, the higher the bonus given

participants. In the case of too long declines where the MVP vault funds are depleted, OWL tokens must naturally regain stability because we can not issue bonus tokens unless they exist.