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MINERVA SMART MONEY
MINERVA pay transaction fees to businesses, we don't charge them. We address cryptocurrency adoption issues by introducing commerce-disruptive incentivized payment solutions to accelerate the mainstream adoption of cryptocurrency and smart contracts. Minerva is the world's first reverse merchant processor.
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 number 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.