Minerva project

In recent times, cryptocurrency has gained much fame and name. However, the number of people who
are getting involved into cryptocurrency related transactions or business is increasing on a daily basis, so
are the number of problems arising. Yes, that’s true. Being highly wide spread this cryptocurrency term
has gathered some major issues also. In order to resolve such problems of cryptocurrency, Minerva has
been developed. It’s a platform built using the Ethereum blockchain. Minerva will additionally help
businesses using cryptocurrency with some incentive payment solutions.

Understanding Minerva in Brief

The cryptocurrency Minerva will be using is the OWL ERC20 token. The company behind this is Minerva
Technologies and their main motive is to accelerate the advocacy of digital currency and provide smart
contracts to its members. The most attracting feature this technology has introduced is its Reverse
Transaction Fees system. By reverse transaction it means that verified merchants of Minerva shall be
awarded OWL tokens at fluid rates with each transaction of theirs.

How is it so different?

Nevertheless, new cryptocurrencies keep arousing in the market almost daily, but few of them also
disappear from the market quite sooner. But, Minerva is kind of a bigger deal, as via its multiple new
features and smoothness it is trying to get hold of the audience. Minerva is not only trying to derange the
crypto niche, rather it is going to warp the whole commerce system. The incentive its developers are
hitting on is its reverse transaction fees, as Minerva is the first reverse merchant processor here.

When a new technology comes into play, it is often compared with the mainstream player at first. So, on
comparing Bitcoin with Minerva the main difference that comes up are that the new platform has to
accept OWL tokens, issue reverse fees and then address the issues in crypto currency adoption.

Minerva has integrated its services with a platform which is worth $20 million annual revenue and access
to more than 10 million users. The trade shall prove the fact of Minerva OWL token’s importance with the
increasing figures of revenue.

Let’s now consider some real good advantages of Minerva blockchain technology in the cryptocurrency
world. Initially when a user gets onto the platform, some OWL tokens are provided to that person as
reward, this gift can be compared to real credit card cashback spurs. As noticed this technology has a
lower risk factor as compared to few other cryptocurrencies. This also leads us to the fact that the
founders of the platform want Minerva to become a stable cryptocurrency, which is indeed very necessary
factor to keep people’s faith in the crypto world. Also, the rewards of OWL token are structured in such a
way that rewards are delivered at varying rates, staying unaffected by price fluctuations. And as
mentioned above, when users indulge in OWL token transactions, they will not go empty handed, rather
be award with some bonuses or discounts each time.

Supply methods of Minerva

Minerva has two methods for OWL distribution and supply. The first of them being implemented when
OWL tokens are being minted. Just after being coined, the price starts to increase and goes up till it
reaches the hard cap. Hard cap is set at 10%, which implies after that not much inflammation shall take
place, hence ensuring stability. Second method comes into act when OWL value starts to lower itself.
Unlike the other existing cryptocurrencies who charge negative reward rate, Minerva gives its members
rewards when OWL is diminishing. So, the members can take out their token temporarily. However this
policy shall be maintained under Minerva Volatility Protocol.

OWL Sales

The opening gallery of OWL shall be conducted in three steps by Minerva Technologies. First sale will be
held privately just for crucial members, as it is the pre-sale. For this the price shall be kept at $0.175 per
OWL and total funding considered will be $10,00,000 which means 100,000,000 OWL tokens will be
dispersed.

Following pre-sale of token, primary and final crowd sales will be apprehended. Then when all these sale
rounds sum-up, the core team of Minerva shall reserve 10% of OWL token for themselves subject to one
annual period viz. twelve months. While, the company decides to hold any Minerva transaction until two
months just after the end of final round of crowd sale. Minerva Technologies, the most talked
cryptocurrency platform right now is unbelievably funded internally by the core members only. There are
eleven founding members, all being highly proficient in their respective domains. They are aiming to gain
mass attention via bridging many niche as well as mainstream businesses by employing them in the
Minerva Smart Money Alliance (aka MSMA).

Few words for the Team

As quoted by the founder, “There would then be multiple separate classes of crypto assets: stable assets
for trading, speculative assets for investment, and Bitcoin itself may well serve as a unique Schelling point
for a universal fallback asset, similar to the current and historical functioning of gold.” However the voting
system of Minerva is also based on a Schelling point method, yet is modified in a certain way to
differentiate it from Bitcoin.

Also, the team wants to ensure 100% surety of their platform and technology. Hence, they have opened
a Minerva Bug Bounty, an aggressive competition sort of. Here the team is calling all the hackers around
the world to confront their security forward platform.

All in all, Minerva is an upcoming platform using OWL token as its currency. The main aim of the founding
team is to eliminate the short term price fluctuations of existing cryptocurrencies and make a benchmark
in the trade world by showcasing the stability of OWL token. As ensuring stability in the digital crypto
world is itself a great challenge, the founding team has spent substantial time to ensure that their volatility
model stands viable in the leading transaction and trade world. Minerva desires to establish “smart
money” and “reverse merchant processing”, although no one can claim any sure shot winning chance until
they step into the real world.