jabrik edan: MINERVA

Minerva is a payment service provider and application with a cryptocurrency utility token (OWL) which provides an additional revenue stream to approved merchants accepting it as a method of payment. We seek to demonstrate less violent short-term fluctuations through Proof-of-Transaction and introduce incentivized payment solutions to accelerate the mainstream adoption of digital currencies and smart contracts.

Built initially with smart contracts on the Ethereum blockchain, Minerva aims to incentivize approved merchants to adopt its cryptocurrency as a new payment method. Incentivization is achieved by rewarding these merchants with newly minted OWL. These are generated at a variable rate as OWL, Minerva's cryptocurrency, is used.

Today's cryptocurrencies have a serious problem. They're rarely used as currency. The problem is compounded by excessive short-term price swings which creates substantial risk for many merchants to accept them as a viable currency.

We envision a world where smart contracts help address the issue of excessive volatility, changing the way businesses approach cryptocurrencies. By bridging the gap between commerce and cryptographic assets we aim to assist in bringing mainstream cryptocurrencies.

Technology

OWL is presently an ERC20 token and Minerva is a payment processor running on top of smart contracts built on the Ethereum blockchain. Following this standard, OWL are easily transferable between approved merchants and their clients by using ERC20-compatible wallets, and can be smoothly integrated into exchanges.

Service and Application Layer

Certain OWL will be held and issued to approved merchants to serve as "signing bonuses" subjected to a slow-timerelease and distributed on a first-come, first-served basis at a variable percentage of the bonus vault until a point where the vault is nearly exhausted rendering signing bonuses fiscally inconsequentia.

TOKEN OWL

OWL is a widely used international coin. A thick heavy silver coin printed over 2 500 years ago is definitely the most influential of all coins. By carefully controlling, owls are known for their superior quality and consistent weight, so traders use them for portability and global acceptance. They are produced over 400 years ago and are also the oldest coins commonly known today.

As I mentioned above, Minerva is an important currency that will affect cryptography later. It looks like a beat coin, but Minerva is different from a beat coin. What is the difference? The basic difference is that Minerva is designed to reward the platform that received the OWL token, reversing the transaction cost, and also to accommodate the mainstream cryptographic application challenges.

Details of Use Token OWL are as follows.