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Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 36. (Read 243356 times)

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.  

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.

This sudden time and price change is not sitting well with the majority of investors.

I vote to maintain previous pricing structure 6600-3000.

It's enough that this "extra" day is allowing these "last minute investors" to participate in the ICO. You can always award them extra coins from Devs' 2.5M share for their recent "sizable investments".
sr. member
Activity: 322
Merit: 250
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.
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

I'll vote to keep it at 5,000... and now will invest even more! Great idea coz really it helps to have as many people invest now as possible to get the project going
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
newbie
Activity: 17
Merit: 0
The price should remain now like this, since 100 more BTC were added to the funding in the past 2 hours.
Early investors get still 6600 BROs per BTC, not 5000. It is still a difference. Also, at the same time, there were buyers who took their part in when the BTC was $400+ (few, but they were). Like this is good i think. One day is left, the coins will still be out there, no matter how...

Eventually the early investors could get a small bonus also since the risk was higher though, not saying no to that  Smiley
legendary
Activity: 1154
Merit: 1001
I can't help but wonder how people will see themselves as 'investors' and yet have such reactionary tempers to a relatively modest change in terms. Refunds have always been available, so if unhappy, by all means go ahead and exercise your right to a refund.
Term changes have been generally presented as final, unless, as above, these were met with strong opposition by the community. Similarly, previous changes were generally well accepted (though not without minor opposition as well), and thus have persisted.

Can we focus on making sure that:
a) this project succeeds
b) early investors have an edge
c) late investors still have an opportunity ahead

If we all start obsessing over b), we will collectively ruin our changes of meeting a).
Have a think. Best of luck to all!  
sr. member
Activity: 280
Merit: 250
NOT FUD! FACTS!
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. 


No need anymore...leave it like this but stop changing everything like this.

Answer one question, what happens with unsold coins?
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 no problem with it.  We do understand your point of view.
full member
Activity: 204
Merit: 100
I'm sure glad this is all archived...

Now taking screen shots of the past 20 pages.  This will be fun in the future.  

Check your PM
hero member
Activity: 742
Merit: 500
Even though changing price may upset some, lets look it at different perspective. Its better for all of us if BG gets more funds with second round of ICO. So i agree with ILoseAtPoker!

If they have a working platform they don't need to lower the price. This change was ill conceived and penalizes early investors because of the BTC price drop.

The BRO team needs to change the reward for the earliest levels, up to and including the previous offering at 5k.

There is no way investors now should be rewarded relative to investors who bought a couple of weeks ago.
full member
Activity: 204
Merit: 100
For those who are interested, we have a demo video of our poker on a test server.  Please be advised, this is an early sample and NOT a final product.  We are testing the functionality and will make leaps of improvement in design once we are confident the software is reliable.

Sample Video
http://vimeo.com/112364242

I like this video and recent update with real info about the development. The software looks very good. I especially like Paul's JTo river bluff at 1:30 in the vid Cheesy Cheesy Cheesy

I was an earlier investor but actually like the idea of prolonging the 5000 buy in phase as I am more concerned with the project progressing and being successful than I am with being one of a select few with a very oversized early bird incentive. Especially as the funds so far haven't been as much as would be expected for such a large scale project.

I would ask for more details on when we will actually get our coins or when the second phase is due to commence/end as soon as you have decided upon any of these dates.

Thank you for your support.  I do believe that you understand what we are trying to convey to all the participants in the coin sale.  A healthy coin sale benefits ALL the participants.  Being underfunded does not make this project more attractive.  The added incentive all the participants are receiving does not dilute your existing percentages.  The 10m total BRO for sale will not change under any circumstances.

Even though changing price may upset some, lets look it at different perspective. Its better for all of us if BG gets more funds with second round of ICO. So i agree with ILoseAtPoker!

Thanks, nothing has changed.  All the early investors are getting rewarded heavily.  The total amount of coins has not changed from 10m.  We are only giving a last minute incentive for people who may have been sitting on the fence to get on board.

The spread to the second coin sale will be significant.  First phase coin sale participants will all be in a good position once the coin launches.
hero member
Activity: 742
Merit: 500
With a working prototype, this isn't going to be necessary. Let this ICO end at these prices and then come back and start at 2000 BRO/BTC. People will buy then, once they learn you have a functioning platform.

Lowering the price now isn't going to drive sales in the short term. People aren't buying because they don't know about the working tech, not because BRO is too expensive.
Please don't change the current pricing structure!

Too late.
newbie
Activity: 40
Merit: 0
For those who are interested, we have a demo video of our poker on a test server.  Please be advised, this is an early sample and NOT a final product.  We are testing the functionality and will make leaps of improvement in design once we are confident the software is reliable.

Sample Video
http://vimeo.com/112364242

I like this video and recent update with real info about the development. The software looks very good. I especially like Paul's JTo river bluff at 1:30 in the vid Cheesy Cheesy Cheesy

I was an earlier investor but actually like the idea of prolonging the 5000 buy in phase as I am more concerned with the project progressing and being successful than I am with being one of a select few with a very oversized early bird incentive. Especially as the funds so far haven't been as much as would be expected for such a large scale project.

I would ask for more details on when we will actually get our coins or when the second phase is due to commence/end as soon as you have decided upon any of these dates.

Thank you for your support.  I do believe that you understand what we are trying to convey to all the participants in the coin sale.  A healthy coin sale benefits ALL the participants.  Being underfunded does not make this project more attractive.  The added incentive all the participants are receiving does not dilute your existing percentages.  The 10m total BRO for sale will not change under any circumstances.

Even though changing price may upset some, lets look it at different perspective. Its better for all of us if BG gets more funds with second round of ICO. So i agree with ILoseAtPoker!
full member
Activity: 170
Merit: 100
With a working prototype, this isn't going to be necessary. Let this ICO end at these prices and then come back and start at 2000 BRO/BTC. People will buy then, once they learn you have a functioning platform.

Lowering the price now isn't going to drive sales in the short term. People aren't buying because they don't know about the working tech, not because BRO is too expensive.


Please don't change the current pricing structure!

I agree with everyone here that your "consideration" of lowering the price is not sitting well with the majority of investors. Early investors purchased their BTC well above $400 and had it locked for several weeks in this ICO and now feel penalized when they could have waited and bought cheaper BTC and accumulated more BRO.

Future investors will assume this will happen again during next phase too and will be hesitant to invest right away when it starts.

What's critical is the PR and Marketing. The number of future investors will increase dramatically by announcing the next phase ICO outside of this thread and not just BRO's Twitter & FB accounts. We'd like to see articles on WSJ, TechCrunch, Mashable, etc. If funds are scarce, try Reddit Paid Ads, they're dirt cheap and very effective if you target several crypto and gaming communities.

Come on BRO team! I know you can do better than this! BRO branding is awesome but it's time for a major PR and Marketing overhaul!

With the right PR and Marketing, people will be buying BRO at 1000 per BTC, even before the launch of the platform or the launch of BRO on exchanges.
hero member
Activity: 784
Merit: 502
The added incentive all the participants are receiving does not dilute your existing percentages.  The 10m total BRO for sale will not change under any circumstances.

Yes, it does dilute the investment because people who invest now invest with more certainty. They have a fraction of the risk with knowledge of a working platform (the video). This makes their ROI several times higher. Hindsight is 20/20, so you are ignoring how a good investor calculates risk and expected reward when you make a statement like "the current prices don't dilute existing investments". A lot of earning time for the invested BTC has been lost because the price increases have been wiped out.

You need to go back and reward early investors relative to investors now.

You simply didn't have to lower the prices like this. People would have bought anyway.


I agree and am quite pissed about this.   Why have my BTC tied up for months for a minimal reward?   This is absolutely NOT acceptable.  

BRO staff...I hope you're still accepting refund requests since you changed the terms for the worse this time.  

I cannot express my disappointment in how this is being managed at this point.  Keep in mind this thread will be near the top of any BRO search in Google and will not look favorable.  

Make this right for your early investors.  
sr. member
Activity: 280
Merit: 250
NOT FUD! FACTS!
How long will the second coin sale last?


-tb-


We are going to keep it short.  Possibly anywhere between 7 or 14 days.  Most likely in the lower range.  

Breakout Gaming will provide access to create accounts and test software for all potential buyers of the second coin sale BEFORE our coin sale re-opens.

Disclaimer: Breakout Coin and Breakout Gaming are two separate services/entities.  Breakout Coin is offering BRO coins for btc. By participating in this "coin sale," you are not purchasing interest in Breakout Gaming.  You are solely participating in the "coin sale" of a crypto coin that happens to have a gaming company that supports the BRO coin by having their chips denominated in the BRO crypto coin.

As specified in the first paragraph in the Terms and Conditions:

WARNING:  Do not purchase BRO if you are not an expert in crypto tokens or currency and blockchain technology.

This coin sale is not an offer of investment or securities in any business, venture, or company, or in any form of gaming operations or activity; purchase of BRO does not entitle the buyer to any interest in any profits or revenue of any common enterprise arising from the activities of others.

What happens with unsold coins?
This is a scam as soon as you say it's gonna be a private sell or something similar...so I hope for some transparency.
hero member
Activity: 742
Merit: 500
The added incentive all the participants are receiving does not dilute your existing percentages.  The 10m total BRO for sale will not change under any circumstances.

Yes, it does dilute the investment because people who invest now invest with more certainty. They have a fraction of the risk with knowledge of a working platform (the video). This makes their ROI several times higher. Hindsight is 20/20, so you are ignoring how a good investor calculates risk and expected reward when you make a statement like "the current prices don't dilute existing investments". A lot of earning time for the invested BTC has been lost because the price increases have been wiped out.

You need to go back and reward early investors relative to investors now.

You simply didn't have to lower the prices like this. People would have bought anyway.
hero member
Activity: 742
Merit: 500
I agree - raising the price to 5000 is only going to make people angry. I for one could have put my btc to good use when the price was up - however a good portion of it was invested in this ICO. You're basically slapping me in the face and telling me that I could have waited until after the ICO after all?

Well they lowered the price, which is not good. Some of us have been in since the early hours with a lot of BTC tied up in this. The price of BTC itself has fallen a greater percentage than the the price of BRO has climbed in going from 6600 to 5000.

Basically, we have now been penalized for investing early. That's the exact opposite from what should happen.

Did the BRO team think twice before they made this move?

The BRO team needs to go back and reward early investors with the bitcoin price fluctuations in mind. Normally price fluctuations would be caveat emptor, but not when someone is changing the rules of the game on those of us who have already committed.
full member
Activity: 204
Merit: 100
For those who are interested, we have a demo video of our poker on a test server.  Please be advised, this is an early sample and NOT a final product.  We are testing the functionality and will make leaps of improvement in design once we are confident the software is reliable.

Sample Video
http://vimeo.com/112364242

I like this video and recent update with real info about the development. The software looks very good. I especially like Paul's JTo river bluff at 1:30 in the vid Cheesy Cheesy Cheesy

I was an earlier investor but actually like the idea of prolonging the 5000 buy in phase as I am more concerned with the project progressing and being successful than I am with being one of a select few with a very oversized early bird incentive. Especially as the funds so far haven't been as much as would be expected for such a large scale project.

I would ask for more details on when we will actually get our coins or when the second phase is due to commence/end as soon as you have decided upon any of these dates.

Thank you for your support.  I do believe that you understand what we are trying to convey to all the participants in the coin sale.  A healthy coin sale benefits ALL the participants.  Being underfunded does not make this project more attractive.  The added incentive all the participants are receiving does not dilute your existing percentages.  The 10m total BRO for sale will not change under any circumstances.
sr. member
Activity: 246
Merit: 250
How long will the second coin sale last?


-tb-


We are going to keep it short.  Possibly anywhere between 7 or 14 days.  Most likely in the lower range. 

Breakout Gaming will provide access to create accounts and test software for all potential buyers of the second coin sale BEFORE our coin sale re-opens.

Disclaimer: Breakout Coin and Breakout Gaming are two separate services/entities.  Breakout Coin is offering BRO coins for btc. By participating in this "coin sale," you are not purchasing interest in Breakout Gaming.  You are solely participating in the "coin sale" of a crypto coin that happens to have a gaming company that supports the BRO coin by having their chips denominated in the BRO crypto coin.

As specified in the first paragraph in the Terms and Conditions:

WARNING:  Do not purchase BRO if you are not an expert in crypto tokens or currency and blockchain technology.

This coin sale is not an offer of investment or securities in any business, venture, or company, or in any form of gaming operations or activity; purchase of BRO does not entitle the buyer to any interest in any profits or revenue of any common enterprise arising from the activities of others.

When will it start?

The second phase of the coins sale will start when Breakout Gaming has their software available to open accounts and demo.  From my understanding they already have their poker software on test servers.

Hello everyone, thank you for all your support, we hope that we can make the crypto and breakout community very proud to be a part of our success.

We are working diligently on the completion of our products.  We do not want to over-promise and under-deliver.  However, rest assured we will be working with the community every step of the way.  All the early buyers of Breakout Coin's sale will have early access to demo the products and provide early feedback for us.  Thanks again for taking a leap of faith in us.  We truly believe that our business model together with the success of Breakout Coin will have a positive effect for the crypto community.

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