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.
|Crowdsale Opening Date||
418 days ago
|Crowdsale Closing Date||
387 days ago
Private pre-sale structure
Price per Owl: $0.60
Total Tokens Distributed: 22,718,254
Price per Owl: $0.75
Discounts in regard to ETH contributed:
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).
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.
ETH : 0x237706bfE11D4C4E148b4764c8f7Da37743657d4