Minerva
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Minerva – The new cryptocurrency in the market
Cryptocurrency
Everyone who visits online often would know about this word. Either everyone knows what exactly it is or at least pretends to know about it. So, the first cryptocurrency came into existence in 2009 and the number of people using them is 9 million where the world population is around 8 Billion. If almost everyone on the internet knows about it, then the users should at least be some 1 or 2 Billion. So, where are these people? Why aren’t they using cryptocurrencies for transactions? The simple answer is no merchant accepts cryptocurrency as a payment method. The next question is why? Each cryptocurrency after its inception grow exponentially and after some time the purpose of the cryptocurrency becomes meaningless. Because of this, the value of cryptocurrencies fluctuates like a heartbeat. So, many traders and merchants and business people find it difficult to accept it as a payment method. Minerva has found a way how to make this heartbeat fluctuation to a flatline by adopting some mathematical solutions thus, making it easy for the businesses to accept them as a payment method.
Everyone who visits online often would know about this word. Either everyone knows what exactly it is or at least pretends to know about it. So, the first cryptocurrency came into existence in 2009 and the number of people using them is 9 million where the world population is around 8 Billion. If almost everyone on the internet knows about it, then the users should at least be some 1 or 2 Billion. So, where are these people? Why aren’t they using cryptocurrencies for transactions? The simple answer is no merchant accepts cryptocurrency as a payment method. The next question is why? Each cryptocurrency after its inception grow exponentially and after some time the purpose of the cryptocurrency becomes meaningless. Because of this, the value of cryptocurrencies fluctuates like a heartbeat. So, many traders and merchants and business people find it difficult to accept it as a payment method. Minerva has found a way how to make this heartbeat fluctuation to a flatline by adopting some mathematical solutions thus, making it easy for the businesses to accept them as a payment method.
What is Minerva?
Minerva is a platform and cryptocurrency which provides additional revenue for the merchants accepting it as a payment method and also provide a less fluctuating currency value. Minerva uses ERC20 standard built on Ethereum blockchain platform. Minerva has their own tokens called OWL tokens, which will be transferred to the merchants who accept Minerva as a payment method as a “signing bonus”. Minerva also enables the merchants to provide discounts for the users as well.
Minerva is a platform and cryptocurrency which provides additional revenue for the merchants accepting it as a payment method and also provide a less fluctuating currency value. Minerva uses ERC20 standard built on Ethereum blockchain platform. Minerva has their own tokens called OWL tokens, which will be transferred to the merchants who accept Minerva as a payment method as a “signing bonus”. Minerva also enables the merchants to provide discounts for the users as well.
So, how does Minerva handles the fluctuations in the market? They have implemented two methods to maintain the currency value stable. The first method is when the value of the OWL tokens increase, they increase the reward rates thus, creating more tokens to match the demand and supply. The second method is that when the value of OWL tokens decreases, they reduce the reward rates and stop producing more tokens and some tokens will be taken out of circulation to maintain the stability.
So, during this decrease in the value of OWL tokens, there is something called MVP contract which will become accessible to the users. It is to provide incentives for the users as during this time, some tokens will be taken out of circulation to bring the value back at the top and once it is at the top, the users will be provided some rewards along with their tokens.
Already a live-streaming company with $20 million revenue and 10 million users has integrated with Minerva.
So, during this decrease in the value of OWL tokens, there is something called MVP contract which will become accessible to the users. It is to provide incentives for the users as during this time, some tokens will be taken out of circulation to bring the value back at the top and once it is at the top, the users will be provided some rewards along with their tokens.
Already a live-streaming company with $20 million revenue and 10 million users has integrated with Minerva.
Conclusion
The usage of cryptocurrencies hasn’t been up to the mark as they could have expected in this 8 years since its inception. This is mainly due to the volatile nature of the cryptocurrencies and the businesses are finding it difficult to accept them as a payment method. Minerva provides a platform for both the merchants and the users as they gain incentives as they use their cryptocurrency OWL tokens and provide a less volatile cryptocurrency similar to the fiat currencies.
The usage of cryptocurrencies hasn’t been up to the mark as they could have expected in this 8 years since its inception. This is mainly due to the volatile nature of the cryptocurrencies and the businesses are finding it difficult to accept them as a payment method. Minerva provides a platform for both the merchants and the users as they gain incentives as they use their cryptocurrency OWL tokens and provide a less volatile cryptocurrency similar to the fiat currencies.
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My name:fesia007
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