I've made some quick calculations, if you take the registered post cost per card as per your calculation, you need to pay 0.3 euros. On the other side, a student costs you 50 euros/day - now, if your student can deliver 50/0.3=166 letters per day at least, it will be cheaper to distribute (if they work 10hours/day, that would mean 17 letters per hour - very easy to achieve on condo's/appartment buildings). On the other side, it will take longer. Also, the fact that the students will be dressed and speak to some of the recipients is of great value - it could start a buzz that the registered post will find harder to achieve.
Clearly, the bicycle distribution is a winner both in terms of cost and communication impact. Basically, I believe the best thing to do is choose the bycicle option for concentrated areas in the country, and post for tougher to reach parts as the letters per minute will drop down significantly, it will be cheaper to use the post.
I also think this distribution form would be a great way to have the media talking about the coin. A maltese coin distributed by maltese students to maltese people.
It would require a more complicated logistical effort were we to adopt a hybrid approach. There would be a considerable risk of overlapping distribution, as well as have postmen who do not know anything about Muniti. Do keep in mind that the Distribution Team will simply be posting the wallets - it is up to interested persons to stop them and ask them what Muniti is all about. Otherwise, it would be too time-consuming.
I do not think we should strive to get onto exchanges, but the other way around. Let me explain: I've been an early miner of fluttercoin that was a very under-rated coin until recently. The coin had a very innovative aspect that is proof of transaction. We never made any advertising and the coin arrived on BTER straight away as they saw the involvement of the dev and the potential of the new proof of transaction item. We never voted, and it got to mintpal and... crypsty.
Basically, if there is fundamental value in the coin, people will talk about it, buy it, sell it. Once you get volume, exchanges will add it. Therefore, the best way to get people talking about it is to create value, and everything else will follow.
I believe Muniti is creating value in the way the dev and his team are pushing themselves to build something long term (Media distribution toolkit, Citizen distribution model etc...).
Thank you for your words of support. That is our approach, but unfortunately volume can only be built via exchanges. Bittrex is a great exchange and has a sizable amount of volume, but in order to spread the word about Muniti, an even bigger exchange would do a world of good. Value has to be created both intrinsically and extrinsically.
I like the idea off d2d distribution! However I do have some concerns,
You said 10 students will deliver and explain what munity is to 153235 households in 30 days. So that means one person needs to deliver and speak to 15323 people in 30 days time. Meaning they have to hand out the wallets and explain to the people what they can do with it to 510 people a day. That would mean assuming the work 8 hours a day they have less than a minute per household. Maybe if the only deliver the wallets it is enough time but then you lose the advantage off the d2d delivery.
For the second delivery, by that time I hope and think Muniti is more well known and worth lets say 0.0015 the second wallet contains 44 Muniti so each wallet is worth 0.066 Bitcoin at today’s price that would be 24,29 euro times 510= €12387. So how safe is it that a student ride around on his bike with 12387 euro worth of Muniti wallets?
I really like the way muniti is growing and the way you are doing the promotions with the USB and all! And once again I do like the idea of d2d distributions it a good and personal way to get crypto in to the real world. But I think you need more than 10 people in and find a way to make it more save for the employeess.
First of all, please refer to the comment above - the Distribution Team's main job will be to post the letters, and if need be, answer any questions which might be asked to them. That does not mean they will be speaking to every household owner/resident; that would not even be realistic, seeing that people might be at work or otherwise busy. Sufficient information will be found in the letter which they will be receiving along with the content on the website.
Secondly, the advantage of D2D delivery will remain intact. They will be wearing Muniti-branded shirts and they will have the knowledge required to answer questions posed to them by the general public. This is something which cannot be acquired via traditional post systems.
Thirdly, regarding safety: Malta is one of the safest countries in Europe, due to the simple fact that since it's such a small island, the crime rate is extremely low as it would be very hard to pass undetected, especially in broad daylight. Also, why shouldn't our Distribution Team be safe when regular postmen might be running around with cheques worth thousands more than the amount you mentioned? Which, by the way, is purely speculative; still, optimism is appreciated.
Fourthly, at no point did we mention that the Distribution Team will specifically consist of students. We simply mentioned that in June, most people, especially students, would be freer to engage in such activities. Everyone is welcome to join our Distribution Team as long as they meet the requirements specified a few posts above.
Please, if you do have any other questions, let us know. We love engaging in these sort of discussions as they give fruit to better ideas and concepts.
). I believe Muniti has great potential as a local cryptocurrency, especially when the promotional campaign pics up steam. If played well it could also attract more people to come visit the beautiful island