We pay transaction fees to businesses, we don’t charge them. We address cryptocurrency adoption issues by introducing commerce-disruptive incentivized payment solutions to accelerate the mainstream adoption of cryptocurrency and smart contracts. Minerva is the world’s first reverse merchant processor.
INTRODUCTION TO MINERVA
MINERVA (OWL) is a platform and cryptocurrency which provides an additional revenue stream to 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. MINERVA SOLVES AN IMMEDIATE PROBLEM WITH AN IMMEDIATE USE CASE: INTEGRATING WITH A $20 MILLION ANNUAL REVENUE PLATFORM WITH OVER 10 MILLION USERS .
Built with smart contracts on the Ethereum blockchain, 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.Minerva aims to incentivize approved platforms to adopt its cryptocurrency as a new payment method. Incentivization is achieved by rewarding these approved platforms with newly minted OWL tokens. These tokens are generated at a variable rate as the currency is used.Today’s digital currencies have a serious problem. They’re rarely used as currency. The problem is compounded by excessive short-term price swings which creates substantial risk for many businesses to accept cryptocurrencies.
We envision a world where smart contracts help address the issue of excessively violent price swings, changing the way businesses approach cryptocurrency. By bridging the gap between businesses and customers, we hope to assist in bringing digital currencies mainstream.
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 wingsonly 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.
New cryptocurrencies are introduced almost daily and their values can grow exponentially from inception. At the same time, many are abandoned after their novelty and market “honeymoon period,” thereafter quickly falling out of meaningful use. Despite these nascent cryptocurrency market features, it is clear that several statistical properties of the cryptocurrency market have been stable for years. The number of active cryptocurrencies, the market share distribution, and the turnover of cryptocurrencies remain fairly predictable.
Adopting a mathematical perspective, we see a neutral model of the cryptocurrency economy. This enables one to glean insights based on clear empirical observations, despite the varying advantages and disadvantages of one cryptocurrency over another. We have used this research to uncover the unique properties and the important factors to understanding how cryptocurrencies provide value to both end-users and long-term token holders.
What if Ripple provided a unique advantage to companies in industries beyond banking and other financial institutions
What if Bitcoin was not controlled almost exclusively by speculation?
What if Ethereum’s mining rewards went to companies that accepted it as payment and were accrued by the platforms’
TOKEN DISTRIBUTION CHART
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