Minerva

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Minerva
Minerva logo
Minerva ICO Review
Minerva ICO
Ticker: OWL
ICO start: 0000-00-00 00:00:00
ICO end: 0000-00-00 00:00:00
Price: 1 OWL = 0.75 USD
Bonus: 1
Tokens: 60,000,000 OWL
Tokentype: ERC20
Hardcap: 10,000,000 USD
Softcap: 1,000,000 USD
Platform: Ethereum
Distributed: 70%
Accepting: ETH

Minerva is the world's first reverse merchant processor. They pay transaction fees to approved businesses integrated within the Minerva economy, we don't charge them. Minerva is a platform designed to incentivize the adoption of its OWL token with a new and disruptive economic model.

Description[edit]

Minerva is a platform built on the Ethereum blockchain, and its primary token is Minerva OWL. It is an ERC20 token and cryptocurrency. The aim of Minerva is to address mainstream cryptocurrency adoption issues and provide partnered businesses with incentivized payment solutions.
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.
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 is brought to you by Minerva Technologies S.a.r.l., a Luxembourg based blockchain technology company comprised of team members and advisors from around the world.
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. They 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.

Roadmap[edit]

$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)[1]

Team[edit]

name: title: links: group: photo: iss:
Kevin McSheehan Founder / CEO; Executive Producer https://www.linkedin.com/in/kevinmcsheehan;https://twitter.com/123456 Kevin McSheehan photo 3.8
Corey Jackson Founder / CTO; Lead Developer https://www.linkedin.com/in/corey-jackson-76b33521/ Corey Jackson photo 3.8
Kol Shtufaj Creative Director; Brand & UX/UI https://www.linkedin.com/in/kolshtufaj Kol Shtufaj photo 3.8
Robert Forster Lead Solidity Developer Robert Forster photo 6.8
Greg Bailey IT veteran https://www.linkedin.com/in/gregoryvbailey/ Greg Bailey photo 3.8
Keidi Carrington Legal Advisor https://www.linkedin.com/in/keidi-s-carrington-26a38519/ Keidi Carrington photo 3.8
Jevgenijs Steinbuks Economic Advisor https://www.linkedin.com/in/jevgenijs-steinbuks-841192/ Jevgenijs Steinbuks photo 3.8
Paul Petratos Head of Communications https://www.linkedin.com/in/paulpetratos Paul Petratos photo 3.8
Courtney Turner HR & Public Relations; Social Media Strategist https://www.linkedin.com/in/courtney-turner-173aa8143/;https://twitter.com/cryptom0m Courtney Turner photo 3.8
Michael Brooks STRATEGIC ADVISOR https://www.linkedin.com/in/michaelabrooks/ Advisors Michael Brooks photo 3.8
Rob Johnson STRATEGIC ADVISOR Advisors Rob Johnson photo 3.8
Steven Ormond-Smith STRATEGIC ADVISOR https://www.linkedin.com/in/steven-ormond-smith-24029212/ Advisors Steven Ormond-Smith photo 3.8
Lee Hill STRATEGIC ADVISOR Advisors Lee Hill photo 3.8
Bryce Case Jr. STRATEGIC ADVISOR https://www.linkedin.com/in/ytcracker/ Advisors Bryce Case Jr. photo 6.7

External links[edit]

Minerva on Twitter
Minerva on Telegram
Minerva on Facebook
Minerva on Medium
Minerva on Bitcointalk
Minerva on Github
Minerva on Reddit
Minerva on Youtube
Minerva Official Website
Minerva Bounty
Minerva Whitepaper

Sources[edit]

  1. https://minerva.com/