Overview

  • Country United Kingdom, Isle of Man, USA
  • CategoryPayments/ Reverse Merchant Processor

Minerva aims to incentivize approved merchants to adopt its cryptocurrency as a new payment method.

Project stage

Only a whitepaper

Detailed description

Minerva is a payment service provider and application with a cryptocurrency utility token (OWL) which provides an additional revenue stream to approved merchants accepting it 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 digital currencies and smart contracts.

New cryptocurrencies are introduced almost daily. Some find utility use, but many are abandoned after their novelty phase wears off. We are committed to building a cryptocurrency with longevity that is viable to be used as actual currency. We believe the use of cryptocurrency as currency hasn’t yet been correctly executed. Bridging the gap between routine commerce and the crypto-space is essential for the mainstream adoption of cryptocurrency.

Minerva takes a four pronged approach to achieving this goal:

  • Address the volatility issues present in cryptographic assets
  • Incentivize merchants with a “reverse transaction fee,” which is more or less a system of sustainable cash back for merchants.
  • Request that approved merchants, in turn, pass their earnings onto their clients in the form of discounts or bonuses.
  • Facilitate trials and monthly subscription memberships with smart contracts and cryptocurrency.

Problem

Today’s cryptocurrencies 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 merchants to accept them as a viable currency

Solution

Minerva aims to incentivize approved merchants to adopt its cryptocurrency as a new payment method. Incentivization is achieved by rewarding these merchants with newly minted OWL. These are generated at a variable rate as OWL, Minerva’s cryptocurrency, is used.

Envisioning a world where smart contracts help address the issue of excessive volatility, changing the way businesses approach cryptocurrencies. By bridging the gap between commerce and cryptographic assets we aim to assist in bringing cryptocurrencies mainstream.

Features

  • Instant liquidity via API from Minerva-relevant exchanges.
  • The elimination of chargebacks and reduction of traditional fees.
  • More protective measures from short-term cryptocurrency price volatility.
  • Reverse transaction fees, a sustainable cashback system for merchants.
  • Eliminating the necessity of banks and credit cards in trial and subscription processing.
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : OWL
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 10,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :1,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 OWL
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :60,000,000 OWL
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist N/A
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Founding Team / Advisors: 12-month holding period
          • Management: 12-month holding period

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Soon
    Start Soon
    0.175 USD 1% - 15% - 3,000,000 USD 7,000,000 USD
    Pre sale — Soon
    Start Soon
    0.175 USD 20% - 40% - Uncapped 3,000,000 USD
    Private sale — Active
    27 Jun 00:00 UTC
    NA 20% - 40% - Uncapped Uncapped
    Public sale
    • 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
    Pre sale
    • $0 - 1MM: 40% discount ($0.105 per OWL) 
    • $1MM - 2MM: 30% discount ($0.122 per OWL)
    • $2MM - 3MM: 20% discount ($0.140 per OWL)
    Read more about vesting and bonus
    • Team

      • Kevin McSheehan photo
        Kevin McSheehan
        Founder / CEO
      • Corey Jackson photo
        Corey Jackson
        Founder / Lead Developer / CTO
      • Kol Shtufaj photo
        Kol Shtufaj
        Creative Director, Brand & UI/UX
      • Robert Forster photo
        Robert Forster
        Lead Solidity Developer
      • Greg Bailey photo
        Greg Bailey
        Strategist
      • Keidi Carrington photo
        Keidi Carrington
        Attorney
      • Paul Petratos photo
        Paul Petratos
        Business Development / Head of Communications
      • Jevgenijs Steinbuks photo
        Jevgenijs Steinbuks
        Founding Economic Advisor
      • Steven Ormond-Smith photo
        Steven Ormond-Smith
        Strategic Advisor
    • Advisors

      • Michael Brooks
        Strategic Advisor
      • Rob Johnson
        Strategic Advisor
      • Lee Hills
        Strategic Advisor
      • Bryce Case Jr.
        Strategic Advisor
      • Tim Burd
        Strategic Advisor
      • Miles Benham
        Strategic Advisor
      • John Middleton
        Strategic Advisor

    Roadmap

    • Tier 0 (Complete)
      • Base Platform Development
      • Internal Market Simulations
      • Integration Testing / Compliance
      • Content Translation
      • Legal Counsel
      • Initial Security Auditing
    • Tier 1
      • Advanced Internal Security Audit
      • Bug Bounty Program (Tier 1
      • Advanced Simulations and Modifications
      • MVP (Minerva Volatility Protocol) Beta
      • Exchange Integration Communications
    • Tier 2
      • 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
      • Merchant Integration Automation
      • New Merchant Platform Developer
      • Documentation
      • Improved Revenue Reporting Interface
    • Tier 3
      • 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
    • Tier 4
      • Minerva Smart Money Alliance (Tier-3)
      • Team Expansion (Tier-4)
      • Private Blockchain Research
      • Debit Card Partnership(s) Research
    • Tier 5
      • Minerva Smart Money Alliance (Final Tier)
      • Team Expansion (Tier-5)
      • New Blockchain Research
    • Tier 6
      • Team Expansion (Final Tier)
      • New Blockchain Fork

    Activity