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Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 35. (Read 243364 times)

hero member
Activity: 644
Merit: 500
The other crypto projects seem so boring compared to Breakoutcoin.  Everything else is just more of the same.  I'm expecting AlmaCoin to be announced at any moment.  Cheesy  5...4...3...2...
full member
Activity: 204
Merit: 100
Sale ended. What's next?

I see that the re-use Breakout wallet function can still be used. Does this mean that coins can be added to the existing wallets at the rate of 1000 BRO per BTC? Or it is just an error?

I would avoid sending any btc or using the re-use wallet tool.  We will have the site down or updated asap.  The 1000 BRO is just pre-programmed for the second phase of the coin sale.

Thanks everyone for participating in the first coin sale.  Considering the current btc and altcoin market, we consider it a success.  There was a few rocky moments and we are extremely thankful for having such a supportive group.  We will do our best to complete the project in a timely manner and reward participants in the first phase that took a leap of faith with us.  We will be very transparent going forward and will continually provide updates on this thread.  Please do not hesitate to post questions on this thread or pm us, we will try to communicate with the community as best we can. 

Sincerely,

Breakout Coin
newbie
Activity: 17
Merit: 0
Sale ended. What's next?

I see that the re-use Breakout wallet function can still be used. Does this mean that coins can be added to the existing wallets at the rate of 1000 BRO per BTC? Or it is just an error?
full member
Activity: 170
Merit: 100

bitarri, we do appreciate your continued support.  The timeline you are suggesting is incorrect.  We always had the intention to end on the 20th of November.  When the bonus levels were dropping every 48 hours, the block rewards for bitcoin were constantly changing and we made several changes during that time to adjust for the 48 hrs timeline.  Same thing here, at certain times the clock estimated to close on time and others it was too early.  We wanted to keep the end day on the 20th.  Nothing more, nothing less.

As for your whale theory, the goal that we wanted to raise was 700 btc.  We announced early that if we fell short, that we would do a private sale.  There is no rush for a private investor to contact us, because we reserve the right to raise the difference if the crypto community falls short of that amount. This has been known and repeated several times. Hence, there is no need to extend the sale or raise it to appease a buyer.  

The bottom line is this.  We thought it was a nice gift to existing participants and new buyers alike to get a nice bonus before it closed.  Nothing more, nothing less. In truth, we had no idea if there would be any more traction with the change anyways, considering the last week. No additional coins were being created and nobody's share is getting diluted.  We are offering more coins from the original 10m coins we need to sell in order to fund our project.  Nobody is getting hurt but ourselves.  Again, we repeat, this was meant purely as a nice gesture, but got twisted and spun another way.  Anybody that wants a refund, we will refund your btc account after the coin sale closes shortly.

Your response about the timeline is reasonable, therefore my theory is flawed and I've edited my post accordingly.

Let's hope that the investors who took advantage of this last day sale are in this project for the long term.

As much as I don't like the recent price change, I'm glad to see you proactive at raising funds for the ICO. I hope these efforts extend to some serious PR and marketing to increase the number of investors and help the overall distribution of BRO.
hero member
Activity: 784
Merit: 502
Have you considered adding Baccarat to the casino lineup? 

Already have it !!

Beautiful.  Seems like that would be a big market.
member
Activity: 108
Merit: 10
Have you considered adding Baccarat to the casino lineup? 

Already have it !!
hero member
Activity: 784
Merit: 502
Have you considered adding Baccarat to the casino lineup? 
hero member
Activity: 784
Merit: 502
I have to agree that the latest change was ill-advised.  What you did was awarded the procrastinators and pissed off your early loyal investors who took the most risk.  Community should have been giving the chance to voice the change.  But what's done is done. 

I invested a good amount of BTC on day one and can overlook all the missteps in the ICO process and just want to see this project launch.  It will be successful and we can all look back at all the posts and have a good laugh.


-tb-



I agree.  I had a chance to speak with one of the founders tonight on skype and I don't believe this was done with any malicious intent.  He answered all of the questions I had about Breakout and made himself available for questions in the future which is greatly appreciated.

It sounds like they've got quite a team put together and when the time is right I'll take a short trip to pay a visit.  We've had a couple bumps in the road, but I think we'll see some exciting stuff here.

Koontas. You were wrong. You didn't speak to one of the founders. You spoke to THE founder.

Then he is very modest.
full member
Activity: 204
Merit: 100
I have to agree that the latest change was ill-advised.  What you did was awarded the procrastinators and pissed off your early loyal investors who took the most risk.  Community should have been giving the chance to voice the change.  But what's done is done. 

I invested a good amount of BTC on day one and can overlook all the missteps in the ICO process and just want to see this project launch.  It will be successful and we can all look back at all the posts and have a good laugh.


-tb-



I agree.  I had a chance to speak with one of the founders tonight on skype and I don't believe this was done with any malicious intent.  He answered all of the questions I had about Breakout and made himself available for questions in the future which is greatly appreciated.

It sounds like they've got quite a team put together and when the time is right I'll take a short trip to pay a visit.  We've had a couple bumps in the road, but I think we'll see some exciting stuff here.

 Wink
hero member
Activity: 784
Merit: 502
I have to agree that the latest change was ill-advised.  What you did was awarded the procrastinators and pissed off your early loyal investors who took the most risk.  Community should have been giving the chance to voice the change.  But what's done is done. 

I invested a good amount of BTC on day one and can overlook all the missteps in the ICO process and just want to see this project launch.  It will be successful and we can all look back at all the posts and have a good laugh.


-tb-



I agree.  I had a chance to speak with one of the founders tonight on skype and I don't believe this was done with any malicious intent.  He answered all of the questions I had about Breakout and made himself available for questions in the future which is greatly appreciated.

It sounds like they've got quite a team put together and when the time is right I'll take a short trip to pay a visit.  We've had a couple bumps in the road, but I think we'll see some exciting stuff here.
full member
Activity: 204
Merit: 100
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

The change was meant to be a nice gesture, not in any way was it done out of greed.  We are  already way below our targeted range.  The coins was going to be sold "privately" or through the coin sale.  We thought it wold be cool to offer it to you guys and give a nice incentive before we closed out the first phase.

The change is NOT necessary and if you want it to remain at this level, then we have ni problem with it.  We do understand your point of view.

The way to do it is to release the video now to drive some sales and see what happens.

You changed 2 variables at one time and annoyed everyone who invested on or before the 5500 level.


You are quite right.  We should have taken into more consideration.  We definitely appreciate all the early participants and value their opinion because they assumed the most risk in taking part of our venture.  The idea was more coins were being given without diluting anyone's share (it cost nobody anything, and offered early participants and new alike a final opportunity at the higher bonus before it closed), so it should have been a no-brainer, but you are right, early participants may have a different point of view.  

legendary
Activity: 1694
Merit: 1054
Point. Click. Blockchain
I have to agree that the latest change was ill-advised.  What you did was awarded the procrastinators and pissed off your early loyal investors who took the most risk.  Community should have been giving the chance to voice the change.  But what's done is done. 

I invested a good amount of BTC on day one and can overlook all the missteps in the ICO process and just want to see this project launch.  It will be successful and we can all look back at all the posts and have a good laugh.


-tb-

hero member
Activity: 742
Merit: 500
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

The change was meant to be a nice gesture, not in any way was it done out of greed.  We are  already way below our targeted range.  The coins was going to be sold "privately" or through the coin sale.  We thought it wold be cool to offer it to you guys and give a nice incentive before we closed out the first phase.

The change is NOT necessary and if you want it to remain at this level, then we have ni problem with it.  We do understand your point of view.

The way to do it is to release the video now to drive some sales and see what happens.

You changed 2 variables at one time and annoyed everyone who invested on or before the 5500 level.
full member
Activity: 204
Merit: 100
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Please just ignore me, maybe you are right. I just don't like people changing terms frequently, especially for serous things.
Wish you guys succeed.

Just wanted to reply - you would be suprised how many changes big businesses have to make to become succesfull. And from my experience things rarely go as planned! Then, think about Crypto  Grin

Wow 20 posts out of your 22 in this thread and no negatives. At least make an effort.

Sorry, I will try. As soon as i find something i really dont like i will start SCREAMING LIKE CRAZY!!!  Smiley Smiley Smiley

As you may already know, I believe 100% in BRO project, but this kind of scenario should be avoided:

Whale: I finally believe in this project & I want to invest 100 btc, but my funds won't arrive until 1 day after ICO end.
Devs: Great! we'll extend deadline by another day to accommodate you.  
Whale: Alright, my funds just arrived, but I'm not investing until you lower the price for me!  
Devs: I guess we can announce a last day sale at 5000  

Community: WTF just happened ?  Shocked

Extending the ICO time to allow this group or individual to participate is already an injury, but lowering the price just for them is certainly adding insult to injury.

IMHO, by changing the price from 3000 to 5000, you're taking 100btc x (5000-3000) = 200,000 BRO from entire ICO share (10M) and awarding it to this group or individual while you could have simply taken those 200K BRO from Devs share.

I'm sure this was well intentioned to raise more funds, but it's not good if you want current & future investors to trust you with the long term management of Giveaways's fund (7M)

I suggest you revert to the old pricing to keep it fair for everyone. As I said, you can always award this latest group or individual with extra coins from your Dev share.

bitarri, we do appreciate your continued support.  The timeline you are suggesting is incorrect.  We always had the intention to end on the 20th of November.  When the bonus levels were dropping every 48 hours, the block rewards for bitcoin were constantly changing and we made several changes during that time to adjust for the 48 hrs timeline.  Same thing here, at certain times the clock estimated to close on time and others it was too early.  We wanted to keep the end day on the 20th.  Nothing more, nothing less.

As for your whale theory, the goal that we wanted to raise was 700 btc.  We announced early that if we fell short, that we would do a private sale.  There is no rush for a private investor to contact us, because we reserve the right to raise the difference if the crypto community falls short of that amount. This has been known and repeated several times. Hence, there is no need to extend the sale or raise it to appease a buyer.  

The bottom line is this.  We thought it was a nice gift to existing participants and new buyers alike to get a nice bonus before it closed.  Nothing more, nothing less. In truth, we had no idea if there would be any more traction with the change anyways, considering the last week. No additional coins were being created and nobody's share is getting diluted.  We are offering more coins from the original 10m coins we need to sell in order to fund our project.  Nobody is getting hurt but ourselves.  Again, we repeat, this was meant purely as a nice gesture, but got twisted and spun another way.  Anybody that wants a refund, we will refund your btc account after the coin sale closes shortly.
full member
Activity: 170
Merit: 100
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Please just ignore me, maybe you are right. I just don't like people changing terms frequently, especially for serous things.
Wish you guys succeed.

Just wanted to reply - you would be suprised how many changes big businesses have to make to become succesfull. And from my experience things rarely go as planned! Then, think about Crypto  Grin

Wow 20 posts out of your 22 in this thread and no negatives. At least make an effort.

Sorry, I will try. As soon as i find something i really dont like i will start SCREAMING LIKE CRAZY!!!  Smiley Smiley Smiley

As you may already know, I believe 100% in BRO project, but this kind of scenario should be avoided:

Whale: I finally believe in this project & I want to invest 100 btc, but my funds won't arrive until 1 day after ICO end.
Devs: Great! we'll extend deadline by another day to accommodate you.  
Whale: Alright, my funds just arrived, but I'm not investing until you lower the price for me!  
Devs: I guess we can announce a last day sale at 5000  

Community: WTF just happened ?  Shocked

Extending the ICO time to allow this group or individual to participate is already an injury, but lowering the price just for them is certainly adding insult to injury.

IMHO, by changing the price from 3000 to 5000, you're taking 100btc x (5000-3000) = 200,000 BRO from entire ICO share (10M) and awarding it to this group or individual while you could have simply taken those 200K BRO from Devs share.

I'm sure this was well intentioned to raise more funds, but it's not good if you want current & future investors to trust you with the long term management of Giveaways's fund (7M)

I suggest you revert to the old pricing to keep it fair for everyone. As I said, you can always award this latest group or individual with extra coins from your Dev share.


Edit: My theory is flawed. The Devs response about the timeline is reasonable.
newbie
Activity: 40
Merit: 0
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Please just ignore me, maybe you are right. I just don't like people changing terms frequently, especially for serous things.
Wish you guys succeed.

Just wanted to reply - you would be suprised how many changes big businesses have to make to become succesfull. And from my experience things rarely go as planned! Then, think about Crypto  Grin

Wow 20 posts out of your 22 in this thread and no negatives. At least make an effort.

Sorry, I will try. As soon as i find something i really dont like i will start SCREAMING LIKE CRAZY!!!  Smiley Smiley Smiley
legendary
Activity: 1279
Merit: 1018
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Please just ignore me, maybe you are right. I just don't like people changing terms frequently, especially for serous things.
Wish you guys succeed.

Just wanted to reply - you would be suprised how many changes big businesses have to make to become succesfull. And from my experience things rarely go as planned! Then, think about Crypto  Grin

Wow 20 posts out of your 22 in this thread and no negatives. At least make an effort.
hero member
Activity: 1344
Merit: 502
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Please just ignore me, maybe you are right. I just don't like people changing terms frequently, especially for serous things.
Wish you guys succeed.

Just wanted to reply - you would be suprised how many changes big businesses have to make to become succesfull. And from my experience things rarely go as planned! Then, think about Crypto  Grin

Exactly - it works to everyone's benefit in the end
newbie
Activity: 40
Merit: 0
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it.  

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this.  

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Please just ignore me, maybe you are right. I just don't like people changing terms frequently, especially for serous things.
Wish you guys succeed.

Just wanted to reply - you would be suprised how many changes big businesses have to make to become succesfull. And from my experience things rarely go as planned! Then, think about Crypto  Grin
legendary
Activity: 1279
Merit: 1018
Hello everyone, we did not expect such a negative response to an incentive that we thought would spark more interest.  We can adjust the changes if the community feels strong about it. 

There was not much participation after the level dropped below 5000.  We wanted to offer an incentive for some people that may have been sitting on the fence.  We can cancel the bonus if the existing community that have been with us feels strongly about this. 

I could hardly believe that your team can make a huge thing. Because you are changing the rules all the time, unilaterally, not just once or twice.
In my opinion, you can just announce this project failed, and refund all the money to us investors.




To be frank, we thought that we were giving existing participants and people sitting on a fence a nice last minute gesture to get more coins at a higher bonus level before the first coin sale ended.  The amount of btc raised is well below our stated goal.  The remaining shortfall will have been sold to "private" investors to make up the difference.  This was stated in the beginning of the announcement.  We thought this was something the community would like.   Huh

Just an idea but maybe you should have asked them first. Now there are 100 extra BTC in the pot after the countdown was over on the OP. The point is and this has been mentioned over and over again that you dont change the terms of a coin sale early, mid and at the end because its not going as well as you hoped. Of course the guys who stumped up their BTC on the first days will be pissed.  Considering all the scams that have been going on here, they took a huge risk in supporting this.
Risk = reward and all that
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