[ANN][MUN] Muniti: First touristic cryptocurrency - X11, D2D - Multi-algo soon

[murraypaul]

The Dev team has just held an important meeting regarding Muniti, and the following points have arisen:

1. Distribution costs. We met with a Maltapost representative this morning and we discussed costs for postage to every household in Malta. Since we would be utilising a form of bulk postage, we were offered a heavily discounted price at 0.10c per letter/household, without registered tracking. That would amount to around 15,000 euro per distribution round. While that is tenable and within our budget, we felt it would lack the security offered by registered post, and there is also a certain sense of detachment with such a method. Registered post amounted to more than triple the costs, and it would be more time-consuming while still lacking that sense of familiarity and helpfulness which we want to offer to the Maltese people. Also, we would not have total control on the oversight of the process, as we would not have a complete report on which households would have received the letter. Hence, the second idea hatched.

2. Door-to-door distribution. We will be recruiting a team of distributors who will be responsible for distributing the Muniti paper wallets and who will also don a Muniti polo-shirt. They will also be versed on what Muniti consists of, on its origins and its benefits. The Distribution Team will need to be over 17, able to ride a bicycle and be fluent in Maltese and English, with knowledge of other languages being considered as an asset. They will also need to be somewhat knowledgeable in the IT sector, although this is not a strict requirement as we would teach them where needed. They would all possess a map of the town/area which they would be assigned, highlighting the covered areas and thus ensuring maximum coverage. While it is true that derelict and abandoned houses would end up being taken into consideration, but most often than not, these are immediately recognisable as such and should be easy to avoid. The distribution team will each be paid 50 euro per day unless they would wish to be paid in Muniti. We realise and accept that at the end of the day, most people are still wary of the concept of cryptocurrencies per se and since we have a tight time-frame within which to operate, it is better to attract distributors with fiat currency for now, with a possible change in policy for the subsequent distributions. Our aim is to have a team of 10 distributors who would operate from Monday to Friday for 30 days, thus resulting in both a better method of distribution and a cheaper one as well, with the expected costs being around 11,000 euro for personnel for each distribution round. Printing costs should not be a problem as we will continue working with the company which printed our posters and flyers.

You are concerned about the lack of security of delivering by normal mail, so instead intent to hire a bunch of teenagers, pay them minimum wage and expect at least some of them not to just dump the bag behind the nearest tree?
In the UK, free newspapers are delivered like this, and the regional distributor will regularly call random households to check that they actually received the newspaper. This is because they know that without such checks, a reasonable proportion would just get dumped.
You are employing these people. Have you included the costs of required employer taxes? Have you taken out the necessary insurance for your employees? Can you cover their medical expenses if they are injured while working for you?

[1715014071]

1715014071

[1715014071]

1715014071

[radi324]

The Dev team has just held an important meeting regarding Muniti, and the following points have arisen:

1. Distribution costs. We met with a Maltapost representative this morning and we discussed costs for postage to every household in Malta. Since we would be utilising a form of bulk postage, we were offered a heavily discounted price at 0.10c per letter/household, without registered tracking. That would amount to around 15,000 euro per distribution round. While that is tenable and within our budget, we felt it would lack the security offered by registered post, and there is also a certain sense of detachment with such a method. Registered post amounted to more than triple the costs, and it would be more time-consuming while still lacking that sense of familiarity and helpfulness which we want to offer to the Maltese people. Also, we would not have total control on the oversight of the process, as we would not have a complete report on which households would have received the letter. Hence, the second idea hatched.

2. Door-to-door distribution. We will be recruiting a team of distributors who will be responsible for distributing the Muniti paper wallets and who will also don a Muniti polo-shirt. They will also be versed on what Muniti consists of, on its origins and its benefits. The Distribution Team will need to be over 17, able to ride a bicycle and be fluent in Maltese and English, with knowledge of other languages being considered as an asset. They will also need to be somewhat knowledgeable in the IT sector, although this is not a strict requirement as we would teach them where needed. They would all possess a map of the town/area which they would be assigned, highlighting the covered areas and thus ensuring maximum coverage. While it is true that derelict and abandoned houses would end up being taken into consideration, but most often than not, these are immediately recognisable as such and should be easy to avoid. The distribution team will each be paid 50 euro per day unless they would wish to be paid in Muniti. We realise and accept that at the end of the day, most people are still wary of the concept of cryptocurrencies per se and since we have a tight time-frame within which to operate, it is better to attract distributors with fiat currency for now, with a possible change in policy for the subsequent distributions. Our aim is to have a team of 10 distributors who would operate from Monday to Friday for 30 days, thus resulting in both a better method of distribution and a cheaper one as well, with the expected costs being around 11,000 euro for personnel for each distribution round. Printing costs should not be a problem as we will continue working with the company which printed our posters and flyers.

You are concerned about the lack of security of delivering by normal mail, so instead intent to hire a bunch of teenagers, pay them minimum wage and expect at least some of them not to just dump the bag behind the nearest tree?
In the UK, free newspapers are delivered like this, and the regional distributor will regularly call random households to check that they actually received the newspaper. This is because they know that without such checks, a reasonable proportion would just get dumped.
You are employing these people. Have you included the costs of required employer taxes? Have you taken out the necessary insurance for your employees? Can you cover their medical expenses if they are injured while working for you?

Please read the previous posts before commenting, as it is a bit wearisome to repeat myself over and over again. Nowhere is there stated that we will be hiring teenagers only - for more information, scroll up further in this thread.

If you calculate the costs which I stated further up as well, you will see that taxes and other expenses have been incorporated, with a percentage of inflation taken into account for good measure. Here in Malta workers are covered by a social policy system rather than private insurance by the employers.

Another important point is that this is a non-profit venture, and hence heavy subsidies apply as well.

[murraypaul]

You are concerned about the lack of security of delivering by normal mail, so instead intent to hire a bunch of teenagers, pay them minimum wage and expect at least some of them not to just dump the bag behind the nearest tree?
In the UK, free newspapers are delivered like this, and the regional distributor will regularly call random households to check that they actually received the newspaper. This is because they know that without such checks, a reasonable proportion would just get dumped.
You are employing these people. Have you included the costs of required employer taxes? Have you taken out the necessary insurance for your employees? Can you cover their medical expenses if they are injured while working for you?

Please read the previous posts before commenting, as it is a bit wearisome to repeat myself over and over again. Nowhere is there stated that we will be hiring teenagers only - for more information, scroll up further in this thread.

You are offering 50 euros a day for outdoor work, you aren't exactly going to be attracting the highest quality of candidate, are you?
This is basically a paper round. How many adults do you know who have a paper round?

[murraypaul]

The Dev team has just held an important meeting regarding Muniti, and the following points have arisen:
2. Door-to-door distribution. We will be recruiting a team of distributors who will be responsible for distributing the Muniti paper wallets and who will also don a Muniti polo-shirt. They will also be versed on what Muniti consists of, on its origins and its benefits. The Distribution Team will need to be over 17, able to ride a bicycle and be fluent in Maltese and English, with knowledge of other languages being considered as an asset. They will also need to be somewhat knowledgeable in the IT sector, although this is not a strict requirement as we would teach them where needed. They would all possess a map of the town/area which they would be assigned, highlighting the covered areas and thus ensuring maximum coverage. While it is true that derelict and abandoned houses would end up being taken into consideration, but most often than not, these are immediately recognisable as such and should be easy to avoid. The distribution team will each be paid 50 euro per day unless they would wish to be paid in Muniti. We realise and accept that at the end of the day, most people are still wary of the concept of cryptocurrencies per se and since we have a tight time-frame within which to operate, it is better to attract distributors with fiat currency for now, with a possible change in policy for the subsequent distributions. Our aim is to have a team of 10 distributors who would operate from Monday to Friday for 30 days, thus resulting in both a better method of distribution and a cheaper one as well, with the expected costs being around 11,000 euro for personnel for each distribution round. Printing costs should not be a problem as we will continue working with the company which printed our posters and flyers.

You are employing these people. Have you included the costs of required employer taxes? Have you taken out the necessary insurance for your employees? Can you cover their medical expenses if they are injured while working for you?

If you calculate the costs which I stated further up as well, you will see that taxes and other expenses have been incorporated, with a percentage of inflation taken into account for good measure. Here in Malta workers are covered by a social policy system rather than private insurance by the employers.

Monday to Friday for 30 days ~= 30/7*5 = 21.4 paid days
10 distributors = 214 man days
50 euro per day = 10,700 euro total
Your total personnel were listed as around 11,000 euro.
You don't seem to have incorporated any additional costs?

[cryptoface]

You are concerned about the lack of security of delivering by normal mail, so instead intent to hire a bunch of teenagers, pay them minimum wage and expect at least some of them not to just dump the bag behind the nearest tree?
In the UK, free newspapers are delivered like this, and the regional distributor will regularly call random households to check that they actually received the newspaper. This is because they know that without such checks, a reasonable proportion would just get dumped.
You are employing these people. Have you included the costs of required employer taxes? Have you taken out the necessary insurance for your employees? Can you cover their medical expenses if they are injured while working for you?

Please read the previous posts before commenting, as it is a bit wearisome to repeat myself over and over again. Nowhere is there stated that we will be hiring teenagers only - for more information, scroll up further in this thread.

You are offering 50 euros a day for outdoor work, you aren't exactly going to be attracting the highest quality of candidate, are you?
This is basically a paper round. How many adults do you know who have a paper round?

I thought the same thing until i google average salary Malta... 50 a day is not bad

[radi324]

You are concerned about the lack of security of delivering by normal mail, so instead intent to hire a bunch of teenagers, pay them minimum wage and expect at least some of them not to just dump the bag behind the nearest tree?
In the UK, free newspapers are delivered like this, and the regional distributor will regularly call random households to check that they actually received the newspaper. This is because they know that without such checks, a reasonable proportion would just get dumped.
You are employing these people. Have you included the costs of required employer taxes? Have you taken out the necessary insurance for your employees? Can you cover their medical expenses if they are injured while working for you?

Please read the previous posts before commenting, as it is a bit wearisome to repeat myself over and over again. Nowhere is there stated that we will be hiring teenagers only - for more information, scroll up further in this thread.

You are offering 50 euros a day for outdoor work, you aren't exactly going to be attracting the highest quality of candidate, are you?
This is basically a paper round. How many adults do you know who have a paper round?

50 euro a day is considered a very adequate salary here, as cryptoface pointed out. The average worker receives around 40-45 euro per day.

Also, please read the part about this being a non-profit venture and thus attracting a subsidy. There are no taxes on profit to be incurred.

[napoleon2121]

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[radi324]

POOL FOR MUNITICOIN

http://multi.poollersunited.com

STRATUM and VARDIFF

1% FEES To Keep The Pools Running

FULLY AUTOMATIC POOL

51 DAYS UPTIME

AUTO PAY OUT

SING UP RELAXY AND ANJOY WE DO THE REST FOR YOU

Thanks. Added to the OP and website

[radi324]

Please continue submitting ticket requests to Poloniex:

http://poloniex.freshdesk.com/support/tickets/new

[napoleon2121]

POOL FOR MUNITICOIN

http://multi.poollersunited.com

STRATUM and VARDIFF

1% FEES To Keep The Pools Running

FULLY AUTOMATIC POOL

51 DAYS UPTIME

AUTO PAY OUT

SING UP RELAXY AND ANJOY WE DO THE REST FOR YOU

Thanks. Added to the OP and website

Thank you my friend

[Real_GM]

Things are looking good. Now we need is a market. Are there websites that sells Malta souvenirs? Maybe we can draft a proposal and wheel them in.

[Acidyo]

Please continue submitting ticket requests to Poloniex:

http://poloniex.freshdesk.com/support/tickets/new

Sent! Don't forget to vote us up on Mintpal aswell!

[Acidyo]

Tomorrow big reddit giveaway! Over 500 coins! Stay tuned!

[ibfragalot]

Who wants a whole 1.88432904 free? I don't intend to mine this coin, so I'd like to clear it from my account. I'll send to first address listed.

[radi324]

Things are looking good. Now we need is a market. Are there websites that sells Malta souvenirs? Maybe we can draft a proposal and wheel them in.

That is intended in the future. However, first we are focusing on creating awareness about Muniti. We want to have a solid base before moving on to creating such a network.

[dygus]

Things are looking good. Now we need is a market. Are there websites that sells Malta souvenirs? Maybe we can draft a proposal and wheel them in.

That is intended in the future. However, first we are focusing on creating awareness about Muniti. We want to have a solid base before moving on to creating such a network.

That's right step by step. Now it's time for minning. I personally look at dev's action and wait for results.

[ECF]

http://www.ecoinfund.com/images/logo.jpg

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[radi324]

We are pleased to announce that local newspapers have started publishing news articles about Muniti. This is the first one, by di-ve which is managed by the main TV station in Malta (TVM).

http://www.di-ve.com/news/muniti-malta%E2%80%99s-own-bitcoin

[radi324]

Apart from the local newspaper article, we are also pleased to announce a Muniti Facebook page:

https://www.facebook.com/muniticoin

[supervine]

This coin can be monitored and send alert of price changes in android app Crypto Coins Manager, as like all other coins (when get at least one exchange). Use it for free.
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