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Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 56. (Read 243361 times)

newbie
Activity: 3
Merit: 0

They just didnt updated T&C yet. There were some substantial changes made two days ago, so check out OP for exact ICO terms.

updated: please refresh browser. thank you


So, for the early buyers who bought in under the original Terms and Conditions, those original terms will still apply.

hero member
Activity: 644
Merit: 500
1. The math doesn't add up.  If the ICO sale now includes 10mil BRO, and you're collecting 700 BTC, that's 10,000,000/700=14,286 BRO per BTC. What is this 6600 business? If you conservatively assume that the buys are spread over the course of 30 days, maybe the average BRO/BTC is ~4500. 700 BTC x 4500 = 3.1 million, which is 1/3 of what you said the total ICO would be. It seems like you're trying to pull one over on us and limit your risk by offering the BRO at a fixed rate.

2. Won't it effectively devalue my BRO if someone were to hypothetically buy 500 BTC worth of BRO now at 6000 BRO/BTC rather than spread over the ICO (effectively negating the 2x early buyer incentive)?

1) What are you talking about?  They are temporarily closing the sale at 700 btc and they will open it back up again at a later date.  They didn't say anything about the entire 10mm being sold for 700btc.

2) how would that devalue your BRO?  You still own the same exact % of the total as you did before that investor bought 500 btc worth. It just means that somebody saw the value in such a low price and decided to snatch up as much as they can. It also means that your investment has maintained it's value and is possibly worth a lot more than you paid for it.

3) You could be correct.
newbie
Activity: 31
Merit: 0
1. The math doesn't add up.  If the ICO sale now includes 10mil BRO, and you're collecting 700 BTC, that's 10,000,000/700=14,286 BRO per BTC. What is this 6600 business? If you conservatively assume that the buys are spread over the course of 30 days, maybe the average BRO/BTC is ~4500. 700 BTC x 4500 = 3.1 million, which is 1/3 of what you said the total ICO would be. It seems like you're trying to pull one over on us and limit your risk by offering the BRO at a fixed rate.

2. Won't it effectively devalue my BRO if someone were to hypothetically buy 500 BTC worth of BRO now at 6000 BRO/BTC rather than spread over the ICO (effectively negating the 2x early buyer incentive)?

3. With this schedule, while it may incentivize early buyers, once we get to the second half of the 30 days we're going to see crickets. I wouldn't be surprised if you change the schedule yet again once you realize this.


START (UTC)   BITCOIN BLOCK   BRO PER BTC
10/21 @1400   326308   6600
10/29 @0700   327468   6000
11/5 @0700   328476   5500
11/07 @700   328764   5000
11/9 @0700   329052   4500
11/11 @700   329340   4000
11/13 @7:00   329628   3500
11/15/ @7:00   329916   3000

Is this for real ? it went from 10 % for early investors to over 100%?
and u made this change mid ICO ?
I was going to invest for sure , now im going to have to pass it makes no sense to pay more then double near the end of the ICO.

We will be posting an announcement later in the evening around 7pm PST.  At that time, we will be available for a Q and A.  Thanks for your patience everyone.

OFFICIAL ANNOUNCEMENT:

Hello Breakout Community.  We are proposing the following changes for your consideration.

A.  Elimination of the PoW stage and the 7 million coins that would cause dilution of the market over a two yr period.
B.  Bergstake to begin from day one, allowing Bergstake owners ability to earn block rewards from day one.
C.  Increasing the pool of BRO coins in the "coin sale" from 5.5 million to 10 million.
D.  Approx 700 btc goal for initial phase
E.  If the total amount of btc raised falls short of the proposed 700 btc amount, we will raise the remaining amount through a "private" sale.
F.  Once the 700 btc criteria is met, the "coin sale" will end.
G. Remaining coins will be sold at a later date to be announced by Breakout Coin on this forum.

H. Pro-rata bonuses will be eliminated and be replaced with fixed pricing.
I.  Current participants will receive a 110% bonus in BRO coins over their counterparts.  @6600 BRO per btc
J.  The @6600 BRO coin sale period will end tonight at 10/28/2014 midnight PST
K.  After the 48 midnight, BRO @6000 BRO per btc for a 7 day period.
L.  Thereafter, the @BRO amount will decrease by @500 BRO every two days until @3000.
M.  @BRO will then stay at @3000 per btc until the end of "coin sale" period.
N.  The tentative price for BRO will be @1000 BRO per btc when the "coin sale" continues.
O.  Bergstake period; 1 million new coins created annually instead of 2 million.
P.  Refund tool will be made for all initial participants who choose to request a refund.

full member
Activity: 204
Merit: 100
START (UTC)   BITCOIN BLOCK   BRO PER BTC
10/21 @1400   326308   6600
10/29 @0700   327468   6000
11/5 @0700   328476   5500
11/07 @700   328764   5000
11/9 @0700   329052   4500
11/11 @700   329340   4000
11/13 @7:00   329628   3500
11/15/ @7:00   329916   3000

Is this for real ? it went from 10 % for early investors to over 100%?
and u made this change mid ICO ?
I was going to invest for sure , now im going to have to pass it makes no sense to pay more then double near the end of the ICO.

We will be posting an announcement later in the evening around 7pm PST.  At that time, we will be available for a Q and A.  Thanks for your patience everyone.

OFFICIAL ANNOUNCEMENT:

Hello Breakout Community.  We are proposing the following changes for your consideration.

A.  Elimination of the PoW stage and the 7 million coins that would cause dilution of the market over a two yr period.
B.  Bergstake to begin from day one, allowing Bergstake owners ability to earn block rewards from day one.
C.  Increasing the pool of BRO coins in the "coin sale" from 5.5 million to 10 million.
D.  Approx 700 btc goal for initial phase
E.  If the total amount of btc raised falls short of the proposed 700 btc amount, we will raise the remaining amount through a "private" sale.
F.  Once the 700 btc criteria is met, the "coin sale" will end.
G. Remaining coins will be sold at a later date to be announced by Breakout Coin on this forum.

H. Pro-rata bonuses will be eliminated and be replaced with fixed pricing.
I.  Current participants will receive a 110% bonus in BRO coins over their counterparts.  @6600 BRO per btc
J.  The @6600 BRO coin sale period will end tonight at 10/28/2014 midnight PST
K.  After the 48 midnight, BRO @6000 BRO per btc for a 7 day period.
L.  Thereafter, the @BRO amount will decrease by @500 BRO every two days until @3000.
M.  @BRO will then stay at @3000 per btc until the end of "coin sale" period.
N.  The tentative price for BRO will be @1000 BRO per btc when the "coin sale" continues.
O.  Bergstake period; 1 million new coins created annually instead of 2 million.
P.  Refund tool will be made for all initial participants who choose to request a refund.

legendary
Activity: 1154
Merit: 1001
@btcsnippers

Plenty of other changes were made in addition to the BRO/BTC ratio. You should probably read the OP again.

Early investors earned only 10% more than those on the following level, so your argument is rather pointless. If you're determined to invest, sooner is better than later. If you're undecided, and you invest towards the end of the ICO, you will receive less BRO for the same amount of BTC.

Place your bets gentlemen!
full member
Activity: 217
Merit: 100
START (UTC)   BITCOIN BLOCK   BRO PER BTC
10/21 @1400   326308   6600
10/29 @0700   327468   6000
11/5 @0700   328476   5500
11/07 @700   328764   5000
11/9 @0700   329052   4500
11/11 @700   329340   4000
11/13 @7:00   329628   3500
11/15/ @7:00   329916   3000

Is this for real ? it went from 10 % for early investors to over 100%?
and u made this change mid ICO ?
I was going to invest for sure , now im going to have to pass it makes no sense to pay more then double near the end of the ICO.
member
Activity: 108
Merit: 10
ESPN commercial idea for the US fantasy sports market:

Show all the poker pros sitting around a poker table to make it look like they are playing poker.  Show Johnny Chan with his sunglasses on, sniffing an orange, in a long pause contemplating a decision.  Have Jennifer Harman call for a clock and say "Johnny, it's on you" or something like that.  Then Chan takes a big breath and says "I take Drew Brees". Or, you can make it that he calls on a potential trade.

No?

I like it !! 😀
hero member
Activity: 980
Merit: 500
full member
Activity: 204
Merit: 100

They just didnt updated T&C yet. There were some substantial changes made two days ago, so check out OP for exact ICO terms.

updated: please refresh browser. thank you
newbie
Activity: 40
Merit: 0
QUESTION:

The site breakoutcoin.com currently says, "1 bitcoin buys 6,000 bro", but the Terms and Conditions of the Breakout Genesis Sale (https://www.breakoutcoin.com/pdfs/TermsandConditionsOfTheBreakoutGenesisSale.pdf or  http://pastebin.com/YLuU3Pav) clearly state in section 6, paragraphs 2 and 3:


"The supply, the total amount to be sold in the Coin Sale, is 5.5 million BRO. The demand is unknown now and
will become known, by everyone, at the end of the Coin Sale. The demand will be quantified as the total bitcoin
submitted by participants.

The price of BRO in terms of bitcoin will be discovered after the Coin Sale completion date once the total of the
submitted bitcoin purchases can be summed. That sum divided by the 5.5 million BRO will determine the ratio of
bitcoin per BRO for all BRO units at that point in time."


Can you please provide some clarification on this apparent inconsistency?

Thank you.



They just didnt updated T&C yet. There were some substantial changes made two days ago, so check out OP for exact ICO terms.
newbie
Activity: 3
Merit: 0
QUESTION:

The site breakoutcoin.com currently says, "1 bitcoin buys 6,000 bro", but the Terms and Conditions of the Breakout Genesis Sale (https://www.breakoutcoin.com/pdfs/TermsandConditionsOfTheBreakoutGenesisSale.pdf or  http://pastebin.com/YLuU3Pav) clearly state in section 6, paragraphs 2 and 3:


"The supply, the total amount to be sold in the Coin Sale, is 5.5 million BRO. The demand is unknown now and
will become known, by everyone, at the end of the Coin Sale. The demand will be quantified as the total bitcoin
submitted by participants.

The price of BRO in terms of bitcoin will be discovered after the Coin Sale completion date once the total of the
submitted bitcoin purchases can be summed. That sum divided by the 5.5 million BRO will determine the ratio of
bitcoin per BRO for all BRO units at that point in time."


Can you please provide some clarification on this apparent inconsistency?

Thank you.

member
Activity: 107
Merit: 10
What is the total coin IPO? End now? How many COINS left can buy?
newbie
Activity: 40
Merit: 0
ESPN commercial idea for the US fantasy sports market:

Show all the poker pros sitting around a poker table to make it look like they are playing poker.  Show Johnny Chan with his sunglasses on, sniffing an orange, in a long pause contemplating a decision.  Have Jennifer Harman call for a clock and say "Johnny, it's on you" or something like that.  Then Chan takes a big breath and says "I take Drew Brees". Or, you can make it that he calls on a potential trade.

No?

I also had idea about commercial.

Its rather long but anyway – Guy want to buy some videogame but doesnt have money for it. So he signs up at breakout gaming and starts playing different e-sports games and poker. So he drives racing cars with random people while earning BRO, playing adveture games and earning BRO. He also visits poker and wins a few rounds… Wink Meanwhile he sends some BRO to a friend so they can both play for money too.
At the end of the day he goes to exchange to get some dollars out or even better he buys that videogame with BRO. The most exiting is, he needs only 1 curreny for all things he does throughout the day and makes money with playing games.  Cool
hero member
Activity: 644
Merit: 500
ESPN commercial idea for the US fantasy sports market:

Show all the poker pros sitting around a poker table to make it look like they are playing poker.  Show Johnny Chan with his sunglasses on, sniffing an orange, in a long pause contemplating a decision.  Have Jennifer Harman call for a clock and say "Johnny, it's on you" or something like that.  Then Chan takes a big breath and says "I take Drew Brees". Or, you can make it that he calls on a potential trade.

No?
hero member
Activity: 644
Merit: 500
Something is wrong with the tool to check my breakout coin balance.  It's not calculating the btc I sent on the first day.

the site uses this:

https://mainnet.helloblock.io/v1/addresses/{btcaddr}/transactions

you can put your btcaddr in the link , and then cut and past result here:

http://codebeautify.org/view/jsonviewer

could be the api has a max number of transactions. also please verify that the total BTC you get matches: https://blockchain.info/q/getsentbyaddress/{btcaddr}

then you can check the balance: https://blockchain.info/q/addressbalance/{btcaddr}

if there still is a balance, you can click "Reuse breakout-wallet" to push the balance through.

or please pm your btcaddr and ill give you an answer.




edit:

fixed bug. please retry.  (api had limit)


My balance is now accurate.  Thanks.
full member
Activity: 204
Merit: 100
Hey, can you guys put a countdown timer until the next change of pricing like how Ethereum did? Would be extremely useful as most people have different timezones.
 I missed the 6.6k buy. I'm sad, but i'm looking to buy in at 6k



We will be posting an announcement later in the evening around 7pm PST.  At that time, we will be available for a Q and A.  Thanks for your patience everyone.

OFFICIAL ANNOUNCEMENT:

Hello Breakout Community.  We are proposing the following changes for your consideration.

A.  Elimination of the PoW stage and the 7 million coins that would cause dilution of the market over a two yr period.
B.  Bergstake to begin from day one, allowing Bergstake owners ability to earn block rewards from day one.
C.  Increasing the pool of BRO coins in the "coin sale" from 5.5 million to 10 million.
D.  Approx 700 btc goal for initial phase
E.  If the total amount of btc raised falls short of the proposed 700 btc amount, we will raise the remaining amount through a "private" sale.
F.  Once the 700 btc criteria is met, the "coin sale" will end.
G. Remaining coins will be sold at a later date to be announced by Breakout Coin on this forum.
H. Pro-rata bonuses will be eliminated and be replaced with fixed pricing.
I.  Current participants will receive a 110% bonus in BRO coins over their counterparts.  @6600 BRO per btc
J.  The @6600 BRO coin sale period will end tonight at 10/28/2014 midnight PST
K.  After the 48 midnight, BRO @6000 BRO per btc for a 7 day period.
L.  Thereafter, the @BRO amount will decrease by @500 BRO every two days until @3000.
M.  @BRO will then stay at @3000 per btc until the end of "coin sale" period.
N.  The tentative price for BRO will be @1000 BRO per btc when the "coin sale" continues.
O.  Bergstake period; 1 million new coins created annually instead of 2 million.
P.  Refund tool will be made for all initial participants who choose to request a refund.


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.

We will try to have it up by tomorrow.  Thanks.
full member
Activity: 168
Merit: 100
Would it be possible to list the amoint of btc worth sold in the initial post?
sr. member
Activity: 252
Merit: 250
Todd taking time to tweet while playing in WSOP 2014

sr. member
Activity: 252
Merit: 250
Ted wearing an early version of the BRO coin logo and winning his 6th WSOP bracelet this year 2014

sr. member
Activity: 334
Merit: 250
🌟 æternity🌟 blockchain🌟
Hey, can you guys put a countdown timer until the next change of pricing like how Ethereum did? Would be extremely useful as most people have different timezones.
 I missed the 6.6k buy. I'm sad, but i'm looking to buy in at 6k



We will be posting an announcement later in the evening around 7pm PST.  At that time, we will be available for a Q and A.  Thanks for your patience everyone.

OFFICIAL ANNOUNCEMENT:

Hello Breakout Community.  We are proposing the following changes for your consideration.

A.  Elimination of the PoW stage and the 7 million coins that would cause dilution of the market over a two yr period.
B.  Bergstake to begin from day one, allowing Bergstake owners ability to earn block rewards from day one.
C.  Increasing the pool of BRO coins in the "coin sale" from 5.5 million to 10 million.
D.  Approx 700 btc goal for initial phase
E.  If the total amount of btc raised falls short of the proposed 700 btc amount, we will raise the remaining amount through a "private" sale.
F.  Once the 700 btc criteria is met, the "coin sale" will end.
G. Remaining coins will be sold at a later date to be announced by Breakout Coin on this forum.
H. Pro-rata bonuses will be eliminated and be replaced with fixed pricing.
I.  Current participants will receive a 110% bonus in BRO coins over their counterparts.  @6600 BRO per btc
J.  The @6600 BRO coin sale period will end tonight at 10/28/2014 midnight PST
K.  After the 48 midnight, BRO @6000 BRO per btc for a 7 day period.
L.  Thereafter, the @BRO amount will decrease by @500 BRO every two days until @3000.
M.  @BRO will then stay at @3000 per btc until the end of "coin sale" period.
N.  The tentative price for BRO will be @1000 BRO per btc when the "coin sale" continues.
O.  Bergstake period; 1 million new coins created annually instead of 2 million.
P.  Refund tool will be made for all initial participants who choose to request a refund.


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.
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