Minerva is the roman goddess of trade, strategy, wisdom and strategic warfare. Minerva is built on Ethereum blockchain platform. It focuses mainly on mainstream cryptocurrency adoption related issues. It provides partnerships with bonus incentive based payment solutions. Minerva claims to be the first ever reverse merchant processor. Rather than charging transaction fees to businesses, Minerva rewards them with the same. It doesn’t get any better than that in internet payments. Businesses cannot afford to overlook this new and revolutionized payment system. Being a Luxembourg based startup the system is far more advanced and sophisticated than other crypto options out there.
What exactly is Minerva anyway?
How Minerva differs from bitcoin is how they reward platforms that process its tokens. It rewards them with reverse transaction fees. Minerva is a unique platform and OWL token becomes its currency. In the world of cryptocurrency, Minerva is the first ever reverse merchant processor. Minerva Technologies S.A.R.L built this new platform. It is a Luxembourg based blockchain startup. It is comprised of members and advisors around the globe.
How did they turn it around?
Minerva offers a long list of advantages over other blockchain payment solutions
• Stability: The first thing the team did was to address price volatility issues of the currency. The engineers have developed a solid tool that regulates currency supply for all contingencies.
• Low fees: Minerva promises lower transaction and processing fees. Eliminating transaction fees, it cuts off the key profit model of merchant banks. It transforms the costly transaction into feasible profit models.
• Fraud prevention: Security is the top priority in Minerva. The company open sources the code for rewarding bug bounties. The contracts and platforms are checked for fraud prevention measures consistently.
Immediate use case:
The first ever business to connect with Minerva economy is this live streaming service with $20 million in revenue. It will be populated with over 10 million users. Minerva is specifically asked to not reveal the name of this first partnered business. A wide range of niches will feature in the Minerva ecosystem soon. A lot of good things will fall in place sooner.
ICO:
60% of the total Minerva assets are reserved for token sale. For contributing in Minerva you get their ERC20 tokens (OWL). Any compatible wallets like Metamask or Myetherwallet can store these tokens. If you want physical cold storage, you can consider TREZOR. This is a utility based token. It does not mean you own stakes in the company. The tokens can however be traded on exchanges as they get listed. Invest wisely in the new revolutionary form of payment system. As the token rise in value, your investment grows too. You can cash in on the tokens, when you pay with Minerva.
Team and Official Links:
Minerva team consists of young and energetic individuals. The co-founder Kevin Mcsheehan is a blockchain enthusiast and internet entrepreneur from a young age. Another founder, Corey Jackson is a full stack developer from the age of 9. He has some crazy programming skills, which he has already demonstrated in his previous projects.
Please Find the official links to the Minerva’s social media channels below to stay in contact and up to date with the development and the progress of the project:
Website: https://minerva.com/
Whitepaper: https://minerva.com/whitepaper.pdf
Facebook: https://www.facebook.com/MinervaToken/
Twitter: https://twitter.com/minervatoken
My Bitcointalk forum profile: https://bitcointalk.org/index.php?action=profile;u=985624
Kind Regards!
Thanks for the article. Minerva and few other systems will rise in 2018, i guess.
Yeah, i too expect it to be really big and useful in a year.