Sat, 17 Nov 2018

Minerva

Minerva

Smart Money on the Ethereum blockchain

Review Project

Minerva is a platform built on the Ethereum blockchain and its cryptocurrency is the OWL ERC20 token. The aim of Minerva is to address mainstream cryptocurrency adoption issues and provide partnered businesses with incentivized payment solutions.

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.

As displayed in the pie chart above, the token crowdsale is divided between multiple areas. 60% of the tokens will be distributed amongst crowdsale participants. 10% will be distributed amongst the management, 10% to the founding team, 7% to strategic advisors. 5% will be reserved for long-term operational costs and new advancements. 5% will be reserved to be distributed to new partnerships in the form of signing bonuses. 2% will be reserved for our bug bounty and 1% for our promotional bounty. All value transferred in exchange for OWL tokens during the crowdsale is the revenue of Minerva Technologies S.a.r.l.

Minerva will be used on carefully selected platforms which are subjected to rigorous auditing and transparency agreements. It is unlikely we will consider parterning with any platform with a < 15,000 Alexa ranking.

ERC20 compatible wallets such as MetaMask, MyEtherWallet or TREZOR (with firmware >= 1.5.2 due to a recent security issue) for a physical cold storage solution.

Token Sale

Crowdsale Opening Date

30-11-2017

352 days ago

Crowdsale Closing Date

31-12-2017

321 days ago

Allocations

Private pre-sale structure

Price per Owl: $0.60

Discounts:

  • $0 - 1MM: 40% discount ($1,666,667 in token value) = 2,777,778 OWL
  • $1MM - 5MM: 30% discount ($5,714,286 in token value) = 9,523,810 OWL
  • $5MM - 10MM: 20% discount ($6,250,000 in token value) = 10,416,667 OWL

Total Tokens Distributed: 22,718,254
Token Value Number: $1,000,000 / $0.60 = $1,666,666 (Original price without discounts)
OWL Number: $1,000,000 * $0.36 = 2,777,778 OWL (Total OWL with discount applied)
After Presale Hard Cap, Estimated Tokens Left:  37,281,746

ICO structure

Price per Owl: $0.75

Discounts in regard to ETH contributed:

  • 0-20,000 15% Discount
  • 20,000-40,000: 12.5% Discount
  • 40,000-50,000: 10% Discount
  • 50,000-60,000: 7.5% Discount
  • 60,000-65,000: 5% Discount
  • 65,000-70,000: 3% Discount
  • 70,000-72,500: 2% Discount
  • 72,500-Hard Cap: 1% Discount

ICO ETH Hard Cap: Every contribution will be based on $0.75 per Owl, before discount. The crowdfunding portal will be self adjusting to the current price of ETH (Ethereum) at the time of contribution. We will adjust the hard cap of the ICO, prior to the official launch, based on the amount raised in presale. If, $5MM raised presale, our ICO’s hard cap will be set to $30MM worth of ETH. (i.e. 85,715 ETH @ $350 ETH estimated market price).
Example of OWL to ETH Ratio: 1 ETH @ $350 = 466 OWL

To ensure the hard cap can be reached without running out of tokens, we will be creating tokens as ETH (Ethereum) is sent to the crowdsale smart contract. Using a set price of $0.75 per Owl and factoring in the amount raised during pre sale, we can allow ourselves to reach hard cap without having to limit 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 make sure we can make good on our discounts.

Side Note: If presale hard cap is not reached, the main adjustable number for our public ICO 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.

Team

Name

Position
Kevin McSheehan Founder / Executive Producer
Corey Jackson Founder / Lead Developer
Ron DiIorio Founder / Strategic Partner
Kol Shtufaj Creative Director, Brand & UI/UX
Cory Torrella Business Development / Marketing
Robert Forster Lead Solidity Developer
Courtney Turner HR / PR / Social Media Strategist
Paul Petratos Head of Communications

 

Roadmap

$1,000,000

- Advanced Internal Security Audit
- Bug Bounty Program (Tier 1)
- Advanced Simulations and Modifications
- MVP (Minerva Volatility Protocol) Beta

$5,000,000

- Minerva Smart Money Alliance (Tier-1)
- Team Expansion (Tier-1)
- Bug Bounty Program (Tier-2)
- Cross Platform Minerva Wallet
- Voting Dashboard
- MVP Dashboard and Management
- Platform Integration Automation
- New Platform Developer Documentation
- Improved Revenue Reporting Interface

$10,000,000

- Minerva Smart Money Alliance (Tier-2)
- Team Expansion (Tier-2)
- Advanced Platform Automation
- Advanced Revenue Reporting Interface
- Resource Tracking
- Continuous Audit Implementation
- Cross Platform Minerva, Ethereum &
- General Purpose ERC20 Wallet

$15,000,000

- Minerva Smart Money Alliance (Tier-3)
- Team Expansion (Tier-4)
- Private Blockchain Research
- Debit Card Partnership(s) Research
- Market Research Stability Advancements

$25,000,000

- Minerva Smart Money Alliance (Final Tier)
- Team Expansion (Tier-5)
- Private Blockchain Research

$35,000,000

- Team Expansion (Final Tier)
- Private Blockchain Test Network
- Bug Bounty Program (Final Tier)

 

Written By

Isuk
Profile
ETH : 0x237706bfE11D4C4E148b4764c8f7Da37743657d4