MINERVA-The World’s First Reverse Merchant Processor

MINERVA-The World’s First Reverse Merchant Processor




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.
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.


USE 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.website

TOKEN CROWDSALE

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

Roadmap



MINERVA TEAM










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