Hello friends, I will introduce a new platform in the world of cryptocurrency that is Minerva. In this article I will explain how the greatness of Minerva? Here's the review:
Minerva is a platform built on the Ethereal blockade and its crypto is OWL ERC20 token. Minerva's goal is to address the problem of mainstream crypto-curent adoption and provide businesses with incentive payment solutions.
The main difference between Minerva and Bitcoin is that Minerva is designed to reward the platform that receives its OWL tokens with reverse transaction costs, and also responds to mainstream mainstream crypto-adoption challenges. Minerva is the platform and the OWL token is the currency. In addition to being a cryptocurrency, we are the world's first reverse merchant processor.
Minerva Technologies Limited is a blockchain technology company consisting of team members and advisers from around the world.
As shown in the pie chart above, the crowdsale token is shared between several areas. 60% token will be distributed among crowdsale participants. 10% will be distributed among management, 10% to the founding team, 7% for strategic advisors. 5% will be reserved for long-term operating costs and new advances. 5% will be reserved for distribution to a new partnership in the form of signing bonuses. 2% will be booked for our bounty bug and 1% for our promotional gift. All values transferred in exchange for the OWL tokens during the crowdsale are revenue of Minerva Technologies Limited
Minerva is the goddess of wisdom and strategic war, Roman trade and strategy.
We charge a tax of% of paid outgoing transaction fees.
Minerva will be used on a carefully selected platform subject to strict auditing and transparency approvals. It is unlikely we will consider partnering with any platform with Alexa <20.000 ranking.
BENEFITS OF MINERVA
New cryptocurrencies are introduced almost daily and their value can grow exponentially from the start. At the same time, many were abandoned after the novelty and market of the "honeymoon period", after which soon fell out of meaningful use. Despite this newborn cryptocurrency market feature, it is clear that some of the statistical properties of the cryptographic market have stabilized over the years. The number of active cryptoes, the distribution of market share, and the crypto diarrhea turnover remain predictable.
By adopting a mathematical perspective, we see a neutral model of the economy of cryptocurrency. This allows one to gather insights based on clear empirical observations, regardless of the advantages and disadvantages of one crypto above the other. We have used this research to uncover the unique nature and important factors for understanding how cryptococcus provides value to end users and long-term token holders.
What if Ripple provides a unique advantage to companies in industries other than banks and other financial institutions?
What if Bitcoin is not controlled almost exclusively by speculation? What if the Ethereum mining award is submitted to a company that accepts it as payment and is accumulated by the platform.
TECHNOLOGY SPECIFICATIONS
Minerva is currently the token and smart contract ERC20 system built on the Ethereal blockade. Following this standard, Minerva tokens are easily transferable between users and platforms using an ERC20 compatible wallet, and can be seamlessly integrated into the exchange.
SERVICES AND LAYER APPLICATIONS
Certain OWL tokens will be held and issued for businesses to serve as "signing bonuses" subject to the slow-time-release and distributed algorithms on a first come bases, first served at 5% of bonus vaults to the point where the vault becomes almost exhausted and 5% signing bonus is not significant.
This is in addition to the Minerva OWL token bonus issued to business partners via Proof-of-Transaction on a variable rate designed to facilitate inflation and combat harsh price changes. With this model, OWL tokens can be exchanged for services on Minerva-approved platforms and then resold to market by respected businesses, creating additional value for money. OWL tokens can not be generated by any other method.
The basic income generating aspect of Minerva allows approved and integrated businesses to increase their revenues as soon as they are implemented, and gives more flexibility to the leased platforms to reward customers with discounts.
DISTRIBUTION & SUPPLY MODELS
METHOD ADVANCED
Minerva uses two advanced methods to increase and decrease OWL token supplies. The first method mints a new Minerva OWL token and puts it into the economy when the partner platform receives the token as a payment method. The rate at which the current OWL token enters the economy is called the "rate of return". The rate of return is directly proportional to the OWL price: as the price increases, the rate of return rises. The rate of return will go up to increase the total supply enough to prevent a harsh short-run price swing. When the reward rate is greater than zero (0), a small portion of the prize is sent to the contract in which they can be exchanged for the MVP token (Minerva Benchmark Protocol tokens) and the polling token. The rate of inflation inherent rewards used to reward the platform is difficult to close at 10%.
The second method sterilizes Minerva OWL tokens when the price falls. Instead of negative reward rates, we enforce systems that incentivize users to temporarily retrieve their OWL tokens from the economy. The user will exchange an OWL token for an MVP token representing certain OWL tokens that may (or may not) be appreciated over a specified period of time. In any case the price down of the MVP token will be sold, but the more drastic the price drops at the time of purchase, the higher the potential appreciation value of this token. This MVP Token will be exchangeable later in the day for the original OWL tokens paid in addition to certain additional percentages. If there is a prolonged decline where the MVP vault funds are depleted, the OWL token should naturally regain price stability.
CUTTING SYSTEM
Minerva uses four main methods to prevent voter manipulation:
CUTTING SYSTEM
Voting is based on the Schelling point method inspired by Vituris Buterin's SchellingCoin, but modified to be more resistant to manipulation (described further below), to determine the approximate Minerva / USD conversion ratio. In addition to the normal transfer of OWL tokens, users will be able to use a function that enables token delivery and voting in a single transaction. Since this "piggybacking," voting will have a minimal gas cost (transaction fee). Instead of voting, voters will be given a certain number of polling tokens that are associated with their Minerva stocks that are deposited for voting.
- Deposits are required to choose; the deposit corresponds to the effect of the participant's vote on "Minerva contract price" and the deposit determines the prize received for voting. This deposit will be lost if the voting is considered invalid.
- A "votechain" is used in this process. Votillon allows further decisions about the validity of the past voice as new votes are included. When a participant votes on the current price, they are also asked to enter the price of the last selected moment. These votes are then compared to previous polls and votes judged to be unlawful will lose their deposit. "Unauthorized sound" is defined as not falling between the 25th and 75th percentiles with sufficient sample sizes.
- If the votes are sufficient, all cast votes are rewarded, while at the same time only one percent is permitted to affect Minerva's contract price.
Open source voting and polling automation with real-time log output as a failsafe mechanism. This safeguard is only activated if it is equipped with evidence of a sophisticated attack that occurs on the Minerva Volatility Protocol.
In addition to the above-mentioned voter manipulation checks, Minerva uses the following methods for avoid price manipulation of MVP token (Minerva Volatility Protocol):
- The time at which the new contract price begins to apply randomly so as to avoid the level of predictability that allows the manipulator to know the optimal time to buy an MVP token.
- Small fees apply when distributing the MVP token or the required hold time is set to prevent market activity that resembles speculative trading.
- The "MVP Door" applies where prices have to go down for a certain period of time before the ability to purchase an MVP token is available.
Distribution of ICO tokens
Early adopter participation is made through the token sales dash that can be accessed through Minerva.com. 60,000,000 out of about 100,000,000 of the original OWL token total will be distributed in two token sales. Personal presale followed by the sale of the last token. 40,000,000 Minerva will be excluded from the token sale described in the "OWL RESERVE" section. At the start of approximately 100,000,000 OWL tokens created, the creation of a new token, in addition to bonuses associated with the merchant platform utility, will be permanently terminated. Within 1 year (365 days) of the token sales announcement will be made about each potential exchange of 1: 1 tokens related to the proposed blockchain migration. Such an announcement will be made through a mailing list, confirmed in Minerva.
BASIC INFORMATION
Early adopter participation takes place through a crowded dashboard accessible through Minerva.com. A total of 75,000,000 of the 100,000,000 total initial marks of Minerva OWL will be distributed in two crowds. A pre-sale is followed by a major Minerva crowd, and each is accessible to parties outside the United States.
The crowd will be held in an auction format because minerva is distributed will be rewarded with the amount of donations received, and then distributed accordingly. 25.000.000 Minerva will be excluded from the crowds described below in the "Reserve Minerva" section. After 100,000,000 initial OWL tokens are created, the creation of a new token, in addition to bonuses associated with the platform utility, will be permanently terminated. Within 1 year (365 days) of crowdsale, an announcement will be made regarding the potential exchange of 1: 1 tokens related to the proposed blockchain migration.
PRE-SALE
We will hold pre-sales tokens and will likely be held privately.
FINAL PRINCIPLE CROWDSALE
After the pre-sale token, the main and last crowd will take place
RESERVE MINERVA
At the end of the crowd, the founding team will receive a 10% OWL tokens allocation, which is subject to a 12 month (12 month) holding period. This token will serve as a long-term performance incentive for the founding team. An additional 10% will be allocated for long-term operating costs, 2.5% will be allocated to partnerships and another 2.5% for bug rewards programs. All Minerva OWL token transfers will be limited for two (2) months after the end of the crowdsale.
Roadmap
Team
Further information:
Website: https://minerva.com
Whitepaper: https://minerva.com/whitepaper.pdf
Facebook: https://www.facebook.com/MinervaToken/
Telegram: https://t.me/minervachat
Author: enno.netral
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1785586
Eth: 0xbDF56fAC1d4b6591178a8bc94A53B01F1fec2861
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