ICO Minerva

MINERVA (OWL) is a platform and cryptocurrency which provides an additional revenue stream to approved merchants accepting its token 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 cryptocurrency and smart contracts.

Built with smart contracts on the Ethereum blockchain, Minerva aims to incentivize approved platforms to adopt its cryptocurrency as a new payment method. Incentivization is achieved by rewarding these approved platforms with newly minted OWL tokens. These tokens are generated at a variable rate as the currency is used. Today’s digital currencies 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 businesses to accept cryptocurrencies. We envision a world where smart contracts help address the issue of excessively violent price swings, changing the way businesses approach cryptocurrency. By bridging the gap between businesses and customers, we hope to assist in bringing digital currencies mainstream.

Owls were the first widely used international coin. These thick, heavy, silver coins minted more than 2,500 years ago were arguably the most influential of all coins. Through careful control, Owls became known due to great quality and consistent weight, resulting in merchants using them for their portability and global acceptance. They were produced for over four hundred years, and remain the most widely recognized ancient coin among the general public today. “The owl of Minerva spreads its wings only with the falling of the dusk.” — Georg Wilhelm Friedrich Hegel, 19th-century idealist philosopher, Oxford, 1967 This is widely interpreted as meaning that philosophy comes to understand a historical condition just as it passes away. Hegel’s view on freedom is an interesting one, as he was writing in the wake of the French Revolution he placed great emphasis on how human freedom can be achieved.