Currently, despite its popularity in the community, cryptocurrency is rarely used as a payment instrument. The volatility of the foreign exchange market has a serious impact on the perception of cryptocurrency. Many companies consider it to be an unreliable instrument for conducting financial settlements. Also, mistrust to cryptocurrency in general causes a large abundance of new platforms, which, after a successful start, reduce their significant performance. Minerva helps to eliminate the impact of market volatility on the internal platform cryptocurrency by using smart contracts and blockchain technology. A maintenance of current and increasing the future success of the project is based on the encouragement of trading companies to conduct a large number of shares, as well as providing a larger discount when purchasing products through the platform. To offer their products cheaper through this sales channel, sellers are able to enjoy with Minerva low commission fees and work without intermediaries through P2P payments.
Key features of Minerva
Minerva project is based on the Ethereum blockchain and, accordingly, the settlement system is based on the use of smart contracts. Minerva encourages trading companies to use the platform's cryptocurrency as a payment for their goods. For each transaction made, a company receives Minerva bonuses. The estimated annual income of the project is $20 million, and the number of registered users is more than $10 million.
Advantages of Minerva
Minerva creators plan to regularly audit their financial condition. All received profits are subject to mandatory accounting in accordance with the law, and the company plans to publish annual financial statements.
Minerva's user account is equipped with a wide range of tools. The creators introduced the possibility of not only conducting current operations, but also viewing the history of all work performed on the project. There is no limitation period to store information concerning transactions - as long as a user is actively working in frames of the project, all data is safely stored in the archive. A user can request analysis based on the available data according to the parameters set by him. Artificial intelligence instantly displays information on the screen.
In the future, the project creators plan to abandon Ethereum and implement their own blockchain platform to reduce costs. It will be announced a few months in advance. Currently, the blockchain-based platform allows conducting business safely and profitably, and calculations with the use of smart contracts ensure a fast receiving of funds.
Minerva offers a profitable reward system for companies that conduct transactions through Minerva. After receiving OWL tokens, each company gets an additional cashback to its account. Minerva provides the liquidity of cryptocurrency through the API technology for cryptocurrency exchanges, reduces traditional fees, and provides work without intermediaries such as banks. Customers also have a number of advantages when working through Minerva. Due to direct trade, goods are sold at a lower price. Users can purchase OWL on any exchange and transfer them to one of the ERC20-compatible cryptocurrency wallets.
Minerva cryptocurrency
OWL platform tokens work according to the ERC-20 standard. Minerva is easily compatible with any Ethereum-based cryptocurrency wallets. A total of 100 million tokens were issued, of which 60% were allocated for sale. The project’s hardcap during the pre-ICO period is $10 million. The fixed price for one token is $0.175. Bonuses on the project are accrued depending on the level of achievement of the hardcap at the time of purchase - the maximum size is 15%.
Summary
Thus, Minerva offers its users a trading platform with the ability to receive cashback for each transaction. A buyer, in turn, gets the opportunity to purchase goods cheaper due to P2P payments with sellers. A convenient interface, optimal working conditions and a wide range of tools for work will allow companies to get a profitable sales channel without additional costs.
Minerva model is an interesting, as well as the most optimal decentralized solution for stabilizing cryptocurrency at the moment.
Links:
Website: https://minerva.com
WhitePaper: https://minerva.com/whitepaper.pdf
Telegram: https://minerva.com/chat
Facebook: https://facebook.com/minervatoken
Twitter: https://twitter.com/minervatoken
Medium: https://medium.com/@minervaowl
ANN: https://bitcointalk.org/index.php?topic=2072362.120
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.