Minerva (OWL) introduction and ICO


What is Minerva?

Minerva is a platform and a cryptocurrency (called OWL), that provides merchants using it as a method of payment with additional revenue coming from the reverse transaction model, which i will talk about later. The key goal, Minerva is trying to achieve is to focus on merchant's side, because consumer friendliness is already achieved with cryptocurrencies. The main things it is planning to help on are: viable volatility model (more or less stable price), lower transaction fees and acceleration of the mainstream adoption of smart contracts and cryptocurrencies.

How will Minerva be used?

At the moment, business are not especially keen on accepting cryptocurrencies as a payment. Mainly due to extremely violent price swings that can potentially happen in a matter of hours. Because of this the amount of money a business could save by adding cryptocurrencies as a payment option would be less than the amount of money required for using that cryptocurrency. With Minerva and their model, this will be taken care of and businesses will be rewarded if they will accept OWL as a form of payment. And that extra revenue can be used to get more buyers by offering discounts, freebies or special bonuses if a consumer pays with the OWL token. By doing that, the OWL token also becomes an appealing method of payment to consumers.
Minerva (and its token OWL) will serve as a bridge between business and customer.

Benefits of accepting Minerva OWL tokens

Business that will accept it as a form of payment, will be rewarded. As mentioned, the reverse transaction fee method, will give the business a bonus each time they conduct a transaction with an OWL token. They will be automatically liquidated as soon as they are received.
  • Elimination of fraudulent chargebacks and exchange fees
  • Protection against price fluctuation
  • Reverse transaction fees with instant liquidity

Technology behind it

Minerva is build on the Etherium platform, with an ERC20 token called OWL. Because of this standard, tokens will be easily transferable between all of the existing ERC20 wallets and effortlessly integrated into exchanges.

The whitepaper of the project is publicly available at the following link. There you can find even more information about Minerva; voting system, volatility protocol and a very generous bug bounty program etc.

Minerva Smart Money Alliance

Minerva Smart Money Alliance (MSMA) will be a consortium of organizations and businesses that accept the OWL token as a method of payment and are thus partnered with Minerva company. 

The first business to integrate with Minerva is a big live streaming service serving over 10 million users. 

Information about the ICO

The date for the ICO is yet to be released, so i would advise you to keep yourself informed on their website and bitcointalk. There will be 75 000 000 tokens available for purchase at the ICO. Total initial amount of tokens is 100 000 000 and after their creation, new token creations will be halted permanently.


Introduction video




Written by Bearex

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