Minerva (OWL) ICO Review

Minerva is an interface that has been built on the Etheruem Blockchain and its main aim is to help address mainstream cryptocurrency issues as well as provide partnered businesses with incentive payment solutions. Its primary token is Minerva OWL and ERC20 tokens. The company’s main aim is to provide highly efficient trading strategies to all their members to enable them to get good returns from their investments.

How Minerva Is Different From Bitcoin

This is a very common question that many people ask. Many people want to know if Minerva is different from Bitcoin, and if so, how? The main difference between Bitcoin and Minerva is that Minerva is actually designed to reward platforms that accept the token that it has designed (OWL tokens) with reversed transaction fees. In addition to that, Minerva also addresses common challenges of mainstream cryptocurrency adoption. In addition to being one of the leading cryptocurrency platforms, Minerva also takes pride for being the first reverse merchant processor in the world. Minerva is the interface, while the OWL token is its currency.

Where Proceeds Generated From Token Crowdsale Will Go

The proceeds generated from the crowdsale are divided in multiple fractions. 75% of the proceeds will be distributed to crowd sale participants. 10% of the remainder will be distributed to the founding members and advisors. 10% of the remainder will be reserved for other long term operational costs as well as new advancements that the company is planning to undertake in the future.

2.5% of the remainder will be reserved and will be distributed later when the company forms new partnerships in the aim of signing bonuses. The final 2.5% will be reserved and will be used by the company for their diligent bug bounty program. This means that the crypto assets that are transferred in exchange for OWL tokens will actually be revenue that the company will use.

Why Choose Minerva?

It Is The World’s First Reverse Merchant Processor

Minerva is actually the world’s first reserve merchant processer. What makes this company stand out is the fact that it pays transaction fees to various businesses without charging them even a single cent. The company does this because it wants to address the long term cryptocurrency problems that have halted the progress of this industry for a long period of time. In addition to that, it also plans to introduce commerce disruptive incentivized payment to help accelerate the adoption of smart contracts and cryptocurrency.

Stability Guaranteed

One thing that many people are usually concerned with is whether the platform that they are joining is stable enough. Minerva is an interface that has been created from the Etheruem Blockchain that is highly efficient, secure, and reliable. The company has also put concrete measures in place to ensure that the stability of the platform is guaranteed. Minerva is a very strong platform that is here to stay. You can be sure that all your investments will be in safe hands.

Frequently Asked Question

How is Minerva profitable if it PAYS transaction fees?

Minerva taxes a portion of paid out reverse transaction fees for operational costs.

Why isn’t cryptocurrency more widely used?

The biggest reasons cryptocurrencies aren’t more widely used are: the amount of money saved by using it is often less than the costs of using it, and the price of cryptocurrencies often change dramatically over short periods of time, making it difficult for both buyers and sellers to feel comfortable using them.

Why would people spend OWL instead of fiat currency or other cryptocurrencies?

Minerva’s OWL is preferential to fiat currency for users because of the incentives approved merchants will be provided based on the rewards system. Approved merchants receive rewards when OWL is used. We firmly suggest that these merchants take full advantage of this extra revenue stream by offering their customers discounts, freebies and exclusive content for paying with OWL.

Does the reward rate invariably have to hit zero and stay there  permanently?

The reward rate doesn’t have to hit zero. If OWL’s market price is rising for any reason, the reward rate will not be zero. Since supply rising decreases the price of OWL, we can increase supply as the price increases in order to decrease the price and prevent short-term violent rises and decreases in price. We will be able to use various methods to decrease the amount of OWL in circulation, one notable method being the MVP (Minerva Volatility Protocol) system described in the “Distribution & Supply Model” section of this document.

If the economy is ever-expanding we can keep reward rates forever, but if the reward rate does hit zero it is a good thing. It would likely imply that OWL is very widely used, and at that point, if the OWL stays stable for a long time, we could abolish reward rates altogether. It is important to remember that bonus OWL will never be issued to approved merchants unless the bonuses can be accounted for.

What is your token sale’s soft cap?

$1,000,000

What is your token sale’s hard cap?

$10,000,000

Web: https://minerva.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=2072362
Group Airdrop & ICO: https://www.facebook.com/groups/174689159952121/