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April 08, 2018, 04:22:51 PM |
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Minerva's project is very promising. Minerva is a platform and its cryptocurrency, OWL, is designed to be used as a currency; employing methods to influence the supply of OWL. If the value of the OWL cryptocurrency increases, more incentives are provided to businesses to accept it as payment, therefore increasing the supply and stabilizing the market price. If the value of the MinervaOWL decreases, more incentives are provided to freeze Minerva OWLs in the MVP contract, effectively decreasing the supply and stabilizing the market price.
In our quest to stabilize the Minerva OWL, the team have spent considerable time ensuring that our volatility model is both viable as well as the most optimal decentralized cryptocurrency stabilization solution to date. Additionally, fiat tethering prohibits cryptocurrencies from appreciating or depreciating in value in a volatility-tolerable manner and is limited in its flexibility and application in comparison to Minerva. As an endeavor in “smart money” and “reverse merchant processing,” no claims regarding any initial high volatility in market behavior or outcomes for an unspecified period of time as Minerva becomes institutionalized through community participation, platform integration, and the utilization of MVP (Minerva Volatility Protocol).
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