[Ireland] Introducing The Moynihan JIG

Day 1,369, 14:48 • Published in Ireland USA • by Stranger Here Myself


The Moynihan Group - Eire Aonair's economic think tank - now presents you a brand new project offering a method for improving your own, individual progress by cooperation with fellow eIrish citizens.

The Moynihan Joint Investment Project is a model based on pooling your savings with others and shortening the time needed for saving up for a Saltpeter Mine (Q4 Weapon Raw Material company).

The Concept

Generally, the way to build a company is saving up for the costs . Since building costs are fixed, you can easily calculate your own saving time. For example, if you save 65 IEP a day, it will take you 116 days to save up for a Q4 Raw Material company. The idea of joint investment aims at cutting back this time. Let’s see how.



When you save up for a company, it will quite obviously turn out incomes only after you have built it. However, if you pool your savings together with others - say 12 other people - you (together) can buy a company in 10 days instead of 116. (You pool 65*12=780 IEP a day, saving up for the costs in 7500/780=9.61 days). The first company will (at current prices) turn out net sales of 56-73.5 IEP a day. Those participants who have already built a company will therefore obliged to pay 120 IEP a day instead of 60 IEP (the extra will be conveniently covered by the extra production).In 91 days (instead of 116) each of you will have a company.

If you go on with saving up, the second (and all other) round(s) will allow for the construction of a new company in every fifth or sixth days - meaning that instead of the 116 days you’ll have your own company built in every 62nd days.



After building two companies, the whole project will become self-sustainable (meaning that any further rounds will be covered by the profits earned - you’ll no longer invest, but merely re-invest your gains.

The Background

The idea of such a joint investment scheme has emerged in eHungary, under the name of “Cégfejlesztési kaláka”. The CK project is running smoothly for 17 participants, and a second project is planned to be launched with new applicants already signing up.

Contrary to some fears voiced before the launch, experiences regarding payment discipline are excellent. The first project already has built 14 companies for the 17 participants. 94560 HUF (~170 Gold) collected so far, increasing Hungary’s raw material output by ~3900 units a day.

Membership

The project will be launched with 12 members, but is open for more. The more members join, the quicker the results will be.



Using a simple calculator you can find out how quicker exactly.
Enter the number of members here (Google Form), and see the results here (Google Spreadsheet).

How Much To Save?

- Members who have not received a company yet must pay 65 IEP a day.
- Members who have already received a company (or more) must pay 120 IEP a day.

How To Join?

- be Level 20 or above
- have at least one ‘Hard Worker Medal’
- have (or be able to buy) at least one company apart from the default ones
- have (or be able to buy) at least one free land slot
- have no previous record of theft, fraud, bribery or scam
- have eIrish citizenship for at least a month
- Please apply HERE or in an in-game message to the Project Supervisor:
D-Glennon ( http://www.erepublik.com/en/citizen/profile/2745720 )



Payment Method & Accounting

- Membership fees must be donated to the Treasurer of the project:
Ian E Coleman ( http://www.erepublik.com/en/citizen/profile/3900235 )
- Accounting including payments received and due, project balance and building costs donated will be transparent and publicly available.
- Over-payments will be accepted and accounted.

DO NOT DONATE ANYTHING BEFORE THE OFFICIAL LAUNCH OF THE PROJECT!

Sign up now, and take your share from the rebuilding efforts of the eIrish economy! If you still have questions, PLEASE READ THE MANUAL, or contact us!