Minerva

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Minerva (OWL) Pre-Sale ICO Review

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Minerva is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameMinerva
Token SymbolOWL
WhitepaperView Whitepaper
Website LinkHome
Price1 OWL = 0.75 USD
PlatformEthereum
Soft cap3,000,000 USD
Hard Cap10,000,000 USD

More about Minerva (OWL) Pre-Sale ICO:

Minerva aims to decentralize payment processing. OWL is a smart token with built-in monthly auto-billing meant to open the subscription economy. It is a “decentralized fed” that employs a sustainable “reverse transaction fee” and a system of bonds for price steadying and positive feedback loops. Minerva plans to create scenarios where it is more beneficial to both buyer and seller to use crypto in place of traditional money. Its first use case is FreeWebcams.com, a $20mm revenue platform in the adult space but pivoting to integration with large, mainstream merchant processors is the ultimate goal. Minerva intends to bridge the gap between cryptocurrency and ecommerce to help accelerate the mainstream adoption of cryptocurrency. How does the project creates value to the ecosystem and differs from competing projects: Minerva introduces advanced methods to combat violent short-term price swings and rewards merchants that accept it at a variable rate to reduce volatility making it attractive enough to be a viable cryptocurrency people actually use in commerce and not purely for speculative purposes.

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.

As of 27th August 2017 Minerva Crafts is an online retailer and the bricks and mortar shop has closed.

Minerva Crafts is a family run business that was established in 1998, born out of a love for fabric, sewing and knitting, aiming to bring you a craft website like no other. Our aim is to be Europe’s no 1 online sewing, knitting and craft retailer, bringing you the best products at the best prices with fast and affordable delivery. Our small team has always worked extremely hard to provide the best, fastest and most personal service in order to be the best online retailer.

Minerva Crafts not only sell craft products but we aim to educate and inspire others about the products we offer with our Creative Services. If you are looking for inspiration for your next project, or to learn something new then look no further! The Minerva Crafts Blogger Network is brimming with ideas and projects from a fantastic team of bloggers from all over the world. We also have a series of craft tutorials, so if you are new to the world of craft, these are a great place to start. You can also share your finished projects with us on our sister-website lookwhativemade.com – we love to see what you have been making!

New product sourcing is given a priority, to make the product offering on our website interesting, fashionable and full of products you need, plus some of those you just have to have! Time is dedicated to adding new products to our website every week to keep our product range fresh and exciting, so there is always a reason to keep coming back.

Minerva Crafts consistently receive over 98% positive feedback across all our selling channels and have won 5 awards including Best Online Retailer, Best Website for Sewing Resources, Best Sewing Blog, Best Independent Shop North of England and Best Local Independant Shop, of which we are extremely proud. Such high ratings are achieved because Minerva Crafts is more than just a website – the people behind the website love craft as much as you do. The whole team at Minerva Crafts are passionate individuals who care about their products and their customers. We continuously strive to ensure that the customer journey is a positive one, keeping the site simple to use, the delivery fast and efficient and the service second to none.

Minerva Crafts are celebrating 16 Years of Business this year, bringing you the latest in sewing, knitting and craft materials. Alongside this our Creative Services concept aims to make sewing, knitting and all types of craft fun, fast, fashionable and accessible to all. As a new concept we are continually developing ideas and bringing more creative services your way so please watch this space.

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Minerva (OWL) Pre-Sale ICO Scam or Not?

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