Minerva ICO (OWL)

Smart Money on the Etheruem blockchain


Minerva is the world's first reverse merchant processor. We 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.

Cryptocurrency Platform Software
3.7

by expert rating and reviews


2.6
ICO PROFILE
4.3
TEAM
4.2
VISION
4.3
PRODUCT
TBD
Token OWL
Platform Ethereum
Price 1 OWL = 0.75 USD
Country Isle of Man

About Minerva

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. We 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.

Team

Kevin McSheehan member of Minerva ICO
Kevin McSheehan
Founder / CEO; Executive Producer
Corey Jackson member of Minerva ICO
Corey Jackson
Founder / CTO; Lead Developer
Kol Shtufaj member of Minerva ICO
Kol Shtufaj
Creative Director; Brand & UX/UI
Greg Bailey member of Minerva ICO
Greg Bailey
IT veteran
Keidi Carrington member of Minerva ICO
Keidi Carrington
Legal Advisor
Jevgenijs Steinbuks member of Minerva ICO
Jevgenijs Steinbuks
Economic Advisor
Paul Petratos member of Minerva ICO
Paul Petratos
Head of Communications
Courtney Turner member of Minerva ICO
Courtney Turner
HR & Public Relations; Social Media Strategist
Michael Brooks member of Minerva ICO
Michael Brooks
STRATEGIC ADVISOR
Steven Ormond-Smith member of Minerva ICO
Steven Ormond-Smith
STRATEGIC ADVISOR
Bryce Case Jr. member of Minerva ICO
Bryce Case Jr.
STRATEGIC ADVISOR

Milestones

  • 1

    $1,000,000

    - Advanced Internal Security Audit
    - Bug Bounty Program (Tier 1)
    - Advanced Simulations and Modifications
    - MVP (Minerva Volatility Protocol) Beta

  • 2

    $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

  • 3

    $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

  • 4

    $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

  • 5

    $25,000,000

    - Minerva Smart Money Alliance (Final Tier)
    - Team Expansion (Tier-5)
    - Private Blockchain Research

  • 6

    $35,000,000

    - Team Expansion (Final Tier)
    - Private Blockchain Test Network
    - Bug Bounty Program (Final Tier)

Financial

Token Sale Info
Token OWL
Token Type ERC20
Platform Ethereum
Price in ICO 1 OWL = 0.75 USD
Tokens for Sale 60000000
Investment info
Accepting ETH
Distributed in ICO 70%
Soft cap 1,000,000 USD
Hard cap 10,000,000 USD

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