Available Tokens for sale 60 % Minerva is the world’s first reverse merchant processor.
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | MentorRated on Mar 20, 2018 7%weight This rating’s weight is reduced by 50% as there is no review added. In a nutshell, Minerva (read its whitepaper here) is a cryptocurrency payment provider, using a smart contract system built on the Ethereum blockchain. The token sale or exchange event is entirely unrelated to TokenMarket and TokenMarket has no involvement in it (including any technical support or promotion). One blockchain startup, Minerva, named after the Roman goddess of wisdom and strategic warfare, sees this as an opportunity.
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- 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
Secondly, Minerva will levy a micro-tax on each transaction between consumer and retailer which will serve to replenish the reserve pool.
Each Token project is different and the need for TokenMarket services varies - therefore sometimes all services are not provided and sometimes additional services are requested. It doesn’t have any concrete timeline for achieving its roadmap or any hard dates for its token sale. At the time of this writing, the dates for Minerva’s token sale remain up in the air. The aim of Minerva is to address mainstream cryptocurrency adoption issues and provide partnered businesses with incentivized payment solutions.
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Minerva is a platform and the OWL token is its currency.
Available for Token Sale: 60% CONTACTS [email protected] 11/19/17 Minerva is a platform built on the Ethereum blockchain, and its primary token is Minerva OWL. [email protected] © 2018 Ingello Minerva is a decentralized central reserve. The only real user incentive for the Minerva platform is theoretically cheaper products.
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ICO Token Price: 0.00 USD, 0.00 ETH, 0.00 NEO
While Minerva has a great concept (reverse transaction fees coupled with price stability mechanisms), it looks as if the execution leaves a lot to be desired. Minerva aims to incentivize approved merchants to adopt its cryptocurrency as a new payment method. Minerva recently announced on its (sparsely populated) blog that it has signed on its first approved platform. At present, Minerva is being developed on the Ethereum platform.
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Worryingly, unlike most other blockchain projects which state a target completion date for each stage of their roadmaps, Minerva has not put any target dates whatsoever.
These tokens will be released into the public pool when and if the token itself shows signs of overheating (on the back of speculative bubbles, for example). Hence in a scenario where the OWL token price is rapidly increasing, the supply of OWL rises proportionally thus preventing large price spikes. Minerva will be used on carefully selected platforms which are subjected to rigorous auditing and transparency agreements. The fee paid is paid in the currency of the Token sale or in the Token itself.
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Strengths Weaknesses The Minerva ICO is one of a large number of competitors within the crypto-retail space that is seeking to crack the crypto mass adoption nut.
It is quite clear that Minerva’s strategy focuses on onboarding merchants first, on the assumption that users will naturally follow. It incentivizes merchant adoption with ‘reverse transaction fees,’ meaning that OWL tokens are paid to approved merchants plus has no chargebacks. Minerva is a platform designed to incentivize the adoption of its OWL token with a new and disruptive economic model. Hence only the first four points are actual incentives for a merchant to switch to the Minerva platform. Firstly, an initial reserve of tokens is held back from public circulation in the early life-cycle of the Minerva economy. 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.