Minerva is a platform designed to pay merchants who adopt Minerva cryptocurrency (OWL) as a means of payment in their business. It was built with smart contracts based on the technology of ethereum blockade. Their plan is to provide incentives to approved platforms that adopt cryervo minerva turmoil as a means of payment. They plan to reward the platform with the newly printed owl token.
They also aim to overcome general instability in the crypto-crypto process and also that some new digital currencies are not used as currency, which is a problem that affects many businesses and makes them unwilling to accept crypto-crypto.
What You Should Know About Minerva.
There is a difference between Minerva and bitcoin and other cryptocurrencies. Instead of collecting transaction fees, Minerva pays a reverse transaction fee to an approved platform that adopts Minerva OWL as a means of payment. Also, there are some key adopted crypto key adoption issues that are recognized by the Minerva platform. Minerva took the credit for being the first platform to pay a reverse transaction fee to the customer.
Minerva has established a partnership with a live-streaming organization with annual revenues of $ 20 million and over 10 million customers switching as the first instant use case. The reason for this partnership is to show the earnings effects of businesses using Minerva OWL tokens as a method of payment. Minerva will probably register a variety of trademark processing organizations and trading platforms that strike into the Smart Money Alliance Minerva.
Minerva Smart Money Alliance (MSMA)
Smart Money Alliance Minerva (MSMA) is a planned association group that recognizes OWL tokens as payment or is a partner of Minerva Technologies Sarl, a Blockchain organization based in Luxembourg that is also the mother of the Minerva platform. They intend to work with different groups and people to improve the storage and delivery of complex information.
Minerva Volatility Protocol (MVP)
Minerva is an economy-based framework. Gifts for merchants that are specifically affirmed recognize the economy as OWL tokens, and this OWL token is used for every single normal exchange.
MVP contracts are available at a time of price reduction. The reason is to reward users for temporarily removing OWL benchmarks so as to reduce the OWL supply and make the OWL / USD price rise again. At the point when users freeze their OWL tokens, they may get a reward in the OWL token when their initial OWL tokens run out. Depending on how low the OWL / USD is in the season of MVP smart contract funding, and the size of time it takes their token to be frozen.
The MVP award is never guaranteed without the necessary reserves to be met. Taxes are collected from awards, return transaction fees provided to merchants affirmed at the positive rate of return so they can be deposited into the MVP Vault which provides funds for incentives for voting and MVP participation.
Minerva Technology.
The minerva platform uses a token called OWL. The token is a suitable ERC-20 token that uses smart contracts and is built on the technology of the ethereum blockade. it makes easy token transfers between approved customers and merchants using the same ERC-20 supported wallet.
Methods for Supply Tokens and Distributions.
The first method
The new OWL tokens are printed, then embedded in the minerva economy. When an authorized merchant accepts the token as a means of payment, the rate at which the owl tokens upon entering the economy is called 'the rate of return'. because the OWL price increases, so does the reward rate. the rate of return will rise until it reaches the point that it builds sufficient aggregate supply thereby limiting price variations. When the reward rate is more than zero, some of the rewards are set aside for Minerva sustenance and other parts are sent to smart contracts to be stored in order to be used as incentives for future MVPs and take part in the voting. The difficult part of the built-in inflation rate used to reward traders is set at 10%.
The new OWL tokens are printed, then embedded in the minerva economy. When an authorized merchant accepts the token as a means of payment, the rate at which the owl tokens upon entering the economy is called 'the rate of return'. because the OWL price increases, so does the reward rate. the rate of return will rise until it reaches the point that it builds sufficient aggregate supply thereby limiting price variations. When the reward rate is more than zero, some of the rewards are set aside for Minerva sustenance and other parts are sent to smart contracts to be stored in order to be used as incentives for future MVPs and take part in the voting. The difficult part of the built-in inflation rate used to reward traders is set at 10%.
Second Method Method.
second clears the OWL tokens when the price is reduced. Instead of a negative reward rate, they provide a system that gives customers incentives to remove their OWL tokens from circulation for a certain period of time. User OWL tokens will be frozen with MVP (Minerva Volatility Protocol) contracts in return for potential prizes after their funds remain frozen for a certain period of time. However, the value is reduced, MVP contracts can be used, however, the more radically the value decreases in the period of MVP contract financing, the higher the rewards are given to the members. If there is a widespread decline in which the MVP vault store is depleted, the OWL token usually has to recover the freshness because additional tokens can not be issued unless they exist.
second clears the OWL tokens when the price is reduced. Instead of a negative reward rate, they provide a system that gives customers incentives to remove their OWL tokens from circulation for a certain period of time. User OWL tokens will be frozen with MVP (Minerva Volatility Protocol) contracts in return for potential prizes after their funds remain frozen for a certain period of time. However, the value is reduced, MVP contracts can be used, however, the more radically the value decreases in the period of MVP contract financing, the higher the rewards are given to the members. If there is a widespread decline in which the MVP vault store is depleted, the OWL token usually has to recover the freshness because additional tokens can not be issued unless they exist.
Excess Minerva.
As we have seen in various ways in which Minerva is a great platform, here are some reasons why you should choose Minerva.
- This is the first reverse merchant processor: Minerva is truly the world's first reverse merchant processor. What affects this organization appears is how to pay transaction fees to various organizations without charging any transaction fees. Organizations do this because they need to tackle long-term digital currency issues that have stopped the industry's progress for so long. Nevertheless, he also plans to introduce businesses with useful payments that help speed up the implementation of hidden contracts and cryptoes.
- There is stability in performance: Many people usually want to know if the platform they want to follow is stable and does not fluctuate. Yes, Minerva promises to be stable, steps are needed to ensure stability. The platform is built with blockchain technology using smart contracts, which enable it to work efficiently.
- User Benefits: When customers make payments using Minerva's OWL tokens, confirmed merchants have greater adaptability to offer them a discount. This is because, contrary to the pay-swap fee, approved Merchants may be given an OWL tokens bonus at any time from any confirmed transaction. Clients can purchase OWL tokens from trades or markets where they are exchanged, redeem it to one of many eligible wallets of ERC20 and spend it on Minerva integrated platform.
Pre-sale token and Crowdsale.
Participation for token sales can be accessed through the Minerva website. The total token that will be available for crowdsale is 60,000,000 tokens.
Presale will most likely be held privately for accredited parties, as stated by the platform.
The token price will be $ 0.60 per token during presale.
After presale, there will be a crowd. During the crowdsale, the price per token owl will be $ 0.75. There will be a rebate at the time of sale.
The token price will be $ 0.60 per token during presale.
After presale, there will be a crowd. During the crowdsale, the price per token owl will be $ 0.75. There will be a rebate at the time of sale.
The return rate of the crowdsale is divided into sections. Participants from crowdsale will earn 75% of the proceeds. 10% of the remainder are disseminated to building members and consultants. The remaining 10% is levied for other long-term operational costs and in addition to the new progression the organization seeks to pursue later.
Of the remaining 5%, 2.5% will be held and will be disbanded later when the organization joins the new association to mark the award. The last 2.5% will be held and will be exploited by the organization for their tireless bug abundance program. This implies that the assets sent in return for the OWL tokens will be the earnings that the organization will use.
To ensure the hard cap is achieved without having to take a bit of token, more tokens will be created when Ethereum is sent to a crowdsale smart contract. Using a set price of $ 0.75 per Owl and counting its increasing number in pre-sale, they plan to reach the hard cap without limiting the approximate 60,000,000 Owl.
Bounty Bug Program.
There is a reward program that Minerva plans to keep. They have given hackers a chance to check their security vulnerabilities and detect them. If vulnerability is found to be very important as expected, hackers will be rewarded.
Team & Minerva Adviser.
Conclusion.
The Minerva group believes that it is a reasonable wish that Minerva and his OWL tokens will end up prominently amongst the platforms and the most corporate friendly currencies available, although it will take a lot of dedication and time.
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