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Maret 08, 2018

MINERVA

Minerva is the world's first merchant processor

What is Minerva?

Minerva is the world's first merchant processor, a platform built on the Ethereal blockade and its crypto is OWL ERC20 tokens. Minerva's goal is to address the problem of mainstream crypto-curent adoption and provide businesses with incentive-paying solutions.

The Minerva framework urges dealers to offer discounts or rewards on merchandise or paid administration for OWL tokens, to generate their utilization. According to the assignment whitepaper, as opposed to charging the exchange fee to vendors who know the OWL token, "The Minerva stages are paid with new tokens with variable rates aimed at battle expansion." Token can then be put into a fun wallet from ERC20, redeemed elsewhere in exchange for different types of digital currency, or converted into fiat to cover rebates or concentrated evaluations.

Minerva intends to work with meetings with the ultimate goal of creating an organization in view of significant value-earning exchanges while regulating security for informed trading. A proposed consortium, Minerva Keen Cash Cooperation, will combine associations that have deliberately collaborated with Minerva or potentially recognize OWL tokens. As pointed out by McSheehan, the auxiliary association will have a trading account that can utilize the Programming interface to provide liquidity at this time. Initially, clients had to pay a smooth installment to the vendor with a fun wallet from ERC20 and the McSheehan group organized an easy-to-understand engagement. Later, Minerva will direct the client directly to the programming interface that is easy to use.

The rising biological system around blockchain innovation exists in a state of continuous development, which McSheehan received brought about great change. "Ethereal, smart contracts and blockchain innovations will disappoint the world because we may be aware of it," he said. "We are currently looking at another Web and the world economy is paying off before our eyes.The vision behind Vitalik Buterin for Ethereum runs as expected.The group behind it, including designers, messengers, and many different supporters has made a consistent stage developing and walking with Casper around the bend and present Plasma presentations, we feel that Ethereal will lead the charge in blockchain innovation.Thus, and after attentive thinking, our group determined that Ethereal is the most appropriate stage for Minerva based on.

METHOD ADVANCE

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 in which 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%.

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 drastically 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.

Use of Minerva

Minerva will be used on a carefully selected platform subject to strict auditing and transparency approvals. It is not possible to consider parterning with any platform with> 15,000 Alexa rankings.

Minerva Tokens

ERC20 compatible wallets like MetaMask, MyEtherWallet or TREZOR (with firmware> = 1.5.2 due to recent security issues) for physical cold storage solutions.
Visit here if you want more about Minerva: https://minerva.com/ or
Read whitepaper: https://minerva.com/whitepaper.pdf