MINERVA-The World’s First Reverse Merchant Processor

Desember 13, 2017

MINERVA (OWL) is a platform and cryptocurrency which provides an additional revenue stream to approved merchants accepting its token as a method of payment. We seek to demonstrate less violent short-term fluctuations through Proof-of-Transaction and introduce incentivized payment solutions to accelerate the mainstream adoption of cryptocurrency and smart contracts.

THE OWL OF MINERVA BACKSTORY Owls were the first widely used international coin. These thick, heavy, silver coins minted more than 2,500 years ago were arguably the most influential of all coins. Through careful control, Owls became known due to great quality and consistent weight, resulting in merchants using them for their portability and global acceptance. They were produced for over four hundred years, and remain the most widely recognized ancient coin among the general public today. “The owl of Minerva spreads its wings only with the falling of the dusk.” — Georg Wilhelm Friedrich Hegel, 19th-century idealist philosopher, Oxford, 1967 This is widely interpreted as meaning that philosophy comes to understand a historical condition just as it passes away. Hegel’s view on freedom is an interesting one, as he was writing in the wake of the French Revolution he placed great emphasis on how human freedom can be achieved.

WHAT MAKES 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 the OWL token is its currency. In addition to being a cryptocurrency, we are the world’s first reverse merchant processor.

WHO IS BUILDING MINERVA?

Minerva Technologies S.a.r.l., a Luxembourg based blockchain technology company comprised of team members and advisors from around the world.

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.

This fundamental revenue-generating aspect of Minerva allows approved and integrated businesses to increase their revenue immediately upon implementation, and grants more flexibility in partenered platforms to reward customers with discounts.

DISTRIBUTION & SUPPLY MODEL

PRE-SALE/CROWDSALE

BASIC INFORMATION

Early adopter participation takes place through a crowdsale dashboard accessible via Minerva.com. 75,000,000 of 100,000,000 total initial Minerva OWL tokens will be distributed in two crowdsales. A pre-sale is followed by a primary Minerva crowdsale, and each are accessible to parties outside of the United States.

The crowdsales will be held in an auction format in that all distributed Minerva will be priced by the amount of contributions received, and then distributed accordingly. 25,000,000 Minerva will be excluded from the crowdsales which is described below in the “Reserve Minerva” section. After the initial 100,000,000 OWL tokens are created, new token creation, apart from bonuses associated with platform utility, will be halted permanently. Within 1 year (365 days) of the crowdsale, an announcement will be made regarding any potential 1:1 token exchanges relating to any proposed private blockchain migration.

PRE-SALE

We will be holding a token pre-sale and it is likely to be privately held.

PRIMARY FINAL CROWDSALE

After the token pre-sale, the primary and final crowdsale will take place

RESERVE MINERVA

At the end of the crowdsales the founding team will receive a 10% allocation of OWL tokens, subject to a twelve-month (12-month) holding period. These tokens will serve as a long-term performance incentive for the founding team. An additional 10% will be allocated for long-term operating costs, 2.5% will be allocated for partnerships and another 2.5% for the bug bounty program. All Minerva OWL token transfers will be restricted for two (2) months after the crowdsale ends.