MINERVA — The world’s first merchant processor

septyadf1 (7)in #ico • 6 years ago (edited)

Hello Everyone, hopefully review of this MINERVA project can be your reference and I am realy excited about this project. Because MINERVA is one of the hottest new ICO’s on the market right now from the looks of things and I think this project will rise to the top and stay at there to the moon. Why I am talking like this? Let me tell that :

MINERVA smart money

We pay transaction fee to business, we do not charge. We address the problem of cryptococcal adoption by introducing incentive payment solutions that disrupt trade to accelerate the adoption of crypto and smart contracts in the mainstream. Minerva is the world’s first reverse merchant processor.

BENEFITS OF MINERVA

New cryptocurrencies are introduced almost daily and their value can grow exponentially from the start. At the same time, many were abandoned after the novelty and market of the “honeymoon period”, after which soon fell out of meaningful use. Despite this newborn cryptocurrency market feature, it is clear that some of the statistical properties of the cryptographic market have stabilized over the years. The number of active cryptoes, the distribution of market share, and the crypto diarrhea turnover remain predictable.

By adopting a mathematical perspective, we see a neutral model of the economy of cryptocurrency. This allows one to gather insights based on clear empirical observations, regardless of the advantages and disadvantages of one crypto above the other. We have used this research to uncover the unique nature and important factors for understanding how cryptococcus provides value to end users and long-term token holders.

SPECIFICATION

TECHNOLOGY
Minerva is currently the token and smart contract ERC20 system built on the Ethereal blockade. Following this standard, Minerva tokens are easily transferable between users and platforms using an ERC20 compatible wallet, and can be seamlessly integrated into the exchange.

SERVICES AND LAYER APPLICATIONS
Certain OWL tokens will be held and issued for businesses to serve as “signing bonuses” subject to the slow-time-release and distributed algorithms on a first come bases, first served at 5% of bonus vaults to the point where the vault becomes almost exhausted and 5% signing bonus is not significant.

This is in addition to the Minerva OWL token bonus issued to business partners via Proof-of-Transaction on a variable rate designed to facilitate inflation and combat harsh price changes. With this model, OWL tokens can be exchanged for services on Minerva-approved platforms and then resold to market by respected businesses, creating additional value for money. OWL tokens can not be generated by any other method.

The basic income generating aspect of Minerva allows approved and integrated businesses to increase their revenues as soon as they are implemented, and gives more flexibility to the leased platforms to reward customers with discounts.

DISTRIBUTION & SUPPLY MODELS

METHOD ADVANCED

Minerva uses two advanced methods to increase and decrease OWL token supplies. The first method mints a new Minerva OWL token and puts it into the economy when the partner platform receives the token as a payment method. The rate at which the current OWL token enters the economy is called the “rate of return”. The rate of return is directly proportional to the OWL price: as the price increases, the rate of return rises. The rate of return will go up to increase the total supply enough to prevent a harsh short-run price swing. When the reward rate is greater than zero (0), a small portion of the prize is sent to the contract where they can be exchanged for the MVP token (Minerva Benchmark Protocol tokens) and the polling token. The rate of inflation inherent rewards used to reward the platform is difficult to close at 10%. This hard stamp means that supply will not change dramatically during significant growth episodes, allowing market prices to stabilize naturally if artificial reflections are inadequate.

The second method sterilizes Minerva OWL tokens when the price falls. Instead of negative reward rates, we enforce systems that incentivize users to temporarily retrieve their OWL tokens from the economy. The user will exchange an OWL token for an MVP token representing certain OWL tokens that may (or may not) be appreciated over a specified period of time. In any case the price down of the MVP token will be sold, but the more drastic the price drops at the time of purchase, the higher the potential appreciation value of this token. This MVP Token will be exchangeable later in the day for the original OWL tokens paid in addition to certain additional percentages. If there is a prolonged decline where the MVP vault funds are depleted, the OWL token should naturally regain price stability.

CUTTING SYSTEM

Voting is based on the Schelling point method inspired by Vitalis Buterin’s SchellingCoin, but modified to be more resistant to manipulation (described further below), to determine the approximate Minerva / USD conversion ratio. In addition to the normal transfer of OWL tokens, users will be able to use a function that enables token delivery and polling in a single transaction. Since this “piggybacking,” voting will have a minimal gas cost (transaction fee). Instead of voting, voters will be given a certain number of polling tokens that are associated with their Minerva stocks that are deposited for voting.

Minerva uses four main methods to prevent voter manipulation:

Deposits are required to choose; the deposit corresponds to the effect of the participant’s vote on “Minerva contract price” and the deposit determines the prize received for voting. This deposit will be lost if the voting is considered invalid.
A “votechain” is used in this process. Votillon allows further decisions about the validity of the past voice as new sounds are included. When a participant votes on the current price, they are also asked to enter the price of the last selected moment. These votes are then compared to previous polls and votes judged to be unlawful will lose their deposit. “Unauthorized sound” is defined as not falling between the 25th and 75th percentiles with sufficient sample sizes.
If the votes are sufficient, all cast votes are rewarded, while at the same time only one percent is permitted to affect Minerva’s contract price.
Open source voting and polling automation with real-time log output as a failsafe mechanism. This safeguard is only activated if it is equipped with evidence of a sophisticated attack that occurs in the Minerva Volatility Protocol.

IMMEDIATE USE CASE

The first business to be integrated into the Minerva economy is a live-streaming service with revenues of $ 20MM and over 10 million users. We will show you the impact of earnings before and after a clean and concise link with Minerva. At this time, Minerva has been advised to temporarily hold the name of our first business partner. We aim to integrate the various spectrum of major niche and mainstream businesses that cover multiple industries by recruiting platforms into the Smart Money Alliance (MSMA) Alliance.

BASIC INFORMATION

Early adopter participation takes place through a crowded dashboard accessible through Minerva.com. A total of 75,000,000 of the 100,000,000 total initial marks of Minerva OWL will be distributed in two crowds. A pre-sale is followed by a major Minerva crowd, and each is accessible to parties outside the United States.

The crowd will be held in an auction format because minerva is distributed will be rewarded with the amount of donations received, and then distributed accordingly. 25.000.000 Minerva will be excluded from the crowds described below in the “Reserve Minerva” section. After 100,000,000 initial OWL tokens are created, the creation of a new token, in addition to bonuses associated with the platform utility, will be permanently terminated. Within 1 year (365 days) of crowdsale, an announcement will be made regarding the potential exchange of 1: 1 tokens related to the proposed blockchain migration.

PRE-SALE

We will hold pre-sale tokens and will likely be held privately.

FINAL PRINCIPLE CROWDSALE

After the pre-sale token, the main and last crowd will take place

RESERVE MINERVA

At the end of the crowd, the founding team will receive a 10% OWL tokens allocation, which is subject to a 12 month (12 month) holding period. This token 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 to partnerships and another 2.5% for bug rewards programs. All Minerva OWL token transfers will be limited for two (2) months after the end of the crowdsale.