hello everyone today I will give an article about a new project called Minerva this project is engaged in business transactions, I personally also still do not know very well the basic concept of this project so let us learn and understand together.
before we know more about this minerva project we better know first what kind of concept Minerva .. so let's see this explanation
WHAT IS MINERVA?
Minerva is a unique new platform built on the block of ethereum and the name of its crypto coin is OWL ERC20. Minerva's goal is to overcome the problem of adopting mainstream cryptocurency and provide businesses with easy solutions incentive payments.
And there are some things we should know before joining this project. I hope you guys do not miss this brief explanation.
MINERVA SMART MONEY
Minerva pays transaction fee to Business, Minerva does not charge or free of transaction fee. We also deal with the problem of adopting cryptocurency and introducing an incentive payment solution that disrupts your trade to accelerate the adoption of smart contract crypto in the mainstream. Minerva is the world's first reverse merchant processor.
*from this explanation we can conclude that Minerva will help us a lot in crypto trading
in the minerva project very many questions like this "what's the difference minerva with bitcoin?" Such a thing is reasonable to be questioned to convince investors to join the project. so I'll explain this before going to the next discussion and I hope you guys pay attention to this explanation without missing a word.
DIFFERENCE MINERVA 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.
MINERVA (OWL) PRESALE & ICO
all minerva tokens will be used at various times. The explanation is shown below:
- 60% Presale & Final Public ICO
- 10% Founding Team / Founding Advisors
- 10% Management
- 7% Strategic Advisors
- 5% Long-term Operational Costs
- 5% Partnership Signing Bonus
- 2% Bug Bounty
- 1% Promotional Bounty
ADVANCED METHODS
Minerva uses two advanced methods to increase and decrease the OWL token supply. The first method mints new OWL tokens inserts them into the Minerva economy when an approved merchant accepts the token as the payment method. The rate at which OWL tokens are currently entering the economy is called the “reward rate.” The reward rate is directly proportional to the price of OWL: as the price rises, the reward rate rises. The reward rate will rise until it increases the total supply enough to prevent violent short-term price swings. When the reward rate is greater than zero (0), a portion of the rewards are taxed to sustain Minerva, and another portion is sent to a smart contract to be stored for incentivizing future MVP and voting participants. The inherently inflationary reward rate used to reward approved merchants is hard capped at 10%. This hard cap means supply will not dramatically change during episodes of significant growth, enabling the market price to naturally stabilize when artificial steadying is inadequate.
The second method sterilizes OWL tokens when their price is decreasing. Instead of a negative reward rate, we enact a system which incentivizes users to temporarily take their OWL tokens out of circulation. Users will freeze their OWL tokens with our MVP contract in exchange for a potential bonus after their funds stay frozen for a certain amount of time. In any instance of price decrease, the MVP contract may be used, but the more drastic the price decrease at the time of MVP contract funding, the higher the bonus given to participants. In the event of a prolonged decline in which the MVP vault funds are exhausted, the OWL token will have to naturally regain stability as we cannot issue bonus tokens unless they exist.
I think this project has a bright prospect and has great potential because minerva has a very unique concept in its introduction. for this article I think quite up here our discussion .. maybe in the next article I will explain in more detail about this project so stay tune on this blog yup!
*for those of you who want more information I will include the reference site to get more information at the bottom of this article.
Official Website : https://minerva.com/
Whitepaper : https://minerva.com/whitepaper.pdf
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=996159;sa=summary
ETH address : 0x3603576F910aC545006eADbfEe5798202Ed07a45
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