MINERVA- platforms that use Owl token and give companies additional revenue in the form of bonuses.
Hello friends, I will introduce a new platform in the world of cryptocurrency that is Minerva. In this article I will explain how the greatness of Minerva? Here is the review as follows.
What is Minerva?
"We are not trying to tie the Owl with one price, we want to ensure a steady rise and fall in prices, as well as reduce the risk and spontaneous price spurt in spurs," the developers of Minerva reported.
How does Minerva work?
Currently Minerva is represented as an ERC20 token and smart platform from Etherium on a contractual basis. However, Minerva plans to move fully to work with the blockbuster Etherium base.
According to the current standard in which Minerva works, tokens can be cross-platform and can be easily transferred from user to user on different platforms, provided that an ERC20 compatible wallet is used. Minerva tries to promote companies to use their currency as one of the payment methods for the services provided. Bonuses are promoted by the Minerva Owls platform, which has resulted in several selected foreign companies. The same token is produced when using currency, and it's remarkable, with variable rates.
Minerva has thought of ways to "thank" companies that use their currency as a way of payment. When you receive a Minerva Owl token for each company, you get a cash bonus, something similar to all known cache-backs. Once the tokens are accepted by the company, they instantly become liquid.
There are also a number of incentives to use the Minerva platform:
- Instant liquidity by API uses Minerva exchange
- Get rid of refunds, and redeem commission fees
- Minerva's special protection against spikes and price spikes
- Charges for backlinks, which you do not pay, but the Minerva platform
Distribution of ICO tokens
Early adopter participation is made through the token sales dash that can be accessed through Minerva.com. 60,000,000 out of about 100,000,000 of the original OWL token total will be distributed in two token sales. Personal presale followed by the sale of the final token. 40,000,000 Minerva will be excluded from the token sale described under the "OWL RESERVE" section. Upon the start of approximately 100,000,000 OWL tokens created, the creation of a new token, in addition to bonuses associated with the merchant platform utility, will be terminated permanently. Within 1 year (365 days) of the announcement token sale will be made regarding each potential 1: 1 token exchange related to the proposed blockchain migration. Such announcements will be made through mailing lists, confirmed on the Minerva.com website and on all official social media channels.
Personal Presale
We will hold token presents that may be privately held for accredited parties. Hard hat for presale is $ 3MM.
Final Token Sale
After token tokens, final sales and final sales will be made. The total hard cover between personal presale and main public audience is $ 10 million, and the soft cover is $ 1MM. Structure & Explanation Discount Prestain Private Structure Price per OWL: $ 0.175 Total Funding: $ 10,000,000 Distributed OWL Token: 100.000.000 Discount:
Discount Structure & Explanation
Private Presale Structure
Price per OWL: $ 0.175
Total Funding: $ 10,000,000
OWL Tokens Distributed: 100,000,000
Discounts:
Personal Presale
We will hold token presents that may be privately held for accredited parties. Hard hat for presale is $ 3MM.
Final Token Sale
After token tokens, final sales and final sales will be made. The total hard cover between personal presale and main public audience is $ 10 million, and the soft cover is $ 1MM. Structure & Explanation Discount Prestain Private Structure Price per OWL: $ 0.175 Total Funding: $ 10,000,000 Distributed OWL Token: 100.000.000 Discount:
Discount Structure & Explanation
Private Presale Structure
Price per OWL: $ 0.175
Total Funding: $ 10,000,000
OWL Tokens Distributed: 100,000,000
Discounts:
- $ 0 - 1MM: 40% discount ($ 0.105 per OWL) ($ 1,666,667 in token value) = 9,523,809 OWL
- $ 1MM - 2MM: 30% discount ($ 0.122 per OWL) ($ 1,434,426 in token value) = 8,196,721 OWL
- $ 2MM - 3MM: 20% discount ($ 0.140 per OWL) ($ 1,250,000 in token value) = 7,142,857 OWL
Estimated OWL tokens remaining after presale hard cap: 75,136,613
Token Sale Price Structure
Price per OWL: $ 0.175
Example Price of Ether: $ 900
ICO Hard Cap: $ 10,000,000 - Presale
-All math below is presented on the basis that the presale hard cap was successfully reached ($ 7,000,000 remaining)
Discounts in regard to ETH contributed:
- 0-2,000 15% Discount
- 2,000-2,500: 12.5% Discount
- 2,500-3,000: 10% Discount
- 3,000-3,500: 7.5% Discount
- 4,000-5,000: 5% Discount
- 5,000-6,000: 3% Discount
- 6,000-Hard Cap: 1% Discount
Token Sale ETH Hard Cap: Every contribution will be based on $ 0.175 per OWL, before discount. The token sale portal will be self-adjusting to the current price of ETH (Ethereum) at the time of contribution. We will adjust the hard stamp of the public and final token sale, prior to the official launch, based on the amount raised in presale. If $ 3MM raised presale, our token sale's hard cap will be set to $ 7MM worth of ETH. (i.e. 7,777.77 ETH @ $ 900 ETH estimated market price).
Example of OWL to ETH Ratio: 1 ETH @ $ 900 = 5,142 OWL
To ensure the to-be can not be out of tokens, we will be touts tokens as ETH (Ethereum) is sent to the token sale smart contract. Using a set price of $ 0.175 per OWL and factoring in the amount raised during pre sale, we can allow ourselves to our projected 60,000,000 Owl estimate. The primary issue with a discount model (and fluctuating price of ETH) is trying to cap the amount of tokens that can be distributed prior to launching the smart contracts. This method will let us reach our hard cap and ensure that all discounts are satisfied. If the presale hard cap is not reached, the main adjustable number for our public token sale is the amount of ETH we accept in the 1% discount range. This will allow our discounts rates to be consistent and still reach our hard cap.
We aim to integrate into an exchange that is beneficial to the Minerva ecosystem soon thereafter. At the end of the token sale the founding team will receive a 20% allocation of OWL tokens, subject to a twelve-month (12-month) holding period. These tokens will serve as a long-term performance incentive for management and the founding team. An additional 7% will be allocated to strategic advisors, 5% for longterm operational costs, 5% partnership signing bonuses (new approved merchants), 2% for a bug bounty and 1% for a promotional bounty.
Roadmap
Team
Further information:
Website: https://minerva.com
Whitepaper: https://minerva.com/whitepaper.pdf
Facebook: https://www.facebook.com/MinervaToken/
Telegram: https://t.me/minervachat
Author: gelefals
Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=1573104
Eth: 0x4151B9b20befFCc4fa6594e5e71F3cd405E6CF1f
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