[ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 65.

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: tx42 on October 27, 2014, 10:36:51 PM

Quote from: BreakoutGaming on October 27, 2014, 10:34:31 PM

the plan is not to release the actual coins in the bonuses and giveaways, but to give people tokens to qualify to win the coins. There will be play through requirements on our gaming platform that will actually require the participants to play and win to earn the coins. The anti-fraud and anti-collusion built into our software will prevent multiple accounts and fraudulent attempts at capturing all the giveaways.

A certain percentage of the players that join in on the freerolls and giveaways will convert into "live" money cash players. We ecpect using the 6.5 million BRO coins that we will have 750K to 1 milion registered users. That typically converts into about $25 million a month in player processing. Think about that?

Breakout Gaming MUST "buy" $25 million worth of BRO coins a month to meet its reserve. How many coins in the market, how many held in wallets and how many in circulation? What will the price of BRO be? This is the value proposition we are offering to the early buyers.

So your plan is to distribute the giveaway coins completely through the Breakout platform?

The large majority will be given away through our platform to ensure that the coins are used only for marketing purposes. We may decide to offer other large gaming platforms an incentive to accept our coin by offering incentive coins, however before we do so, we will always ask the community first with full disclosure. In addition, if their needs to be be a small bounty for developers and other type of work, the community will be notified. All the giveaway coins MUST be used to further the acceptance of BRO throughout the crypto community.

tx42

hero member

Activity: 742

Merit: 500

Quote from: BreakoutGaming on October 27, 2014, 10:34:31 PM

the plan is not to release the actual coins in the bonuses and giveaways, but to give people tokens to qualify to win the coins. There will be play through requirements on our gaming platform that will actually require the participants to play and win to earn the coins. The anti-fraud and anti-collusion built into our software will prevent multiple accounts and fraudulent attempts at capturing all the giveaways.

A certain percentage of the players that join in on the freerolls and giveaways will convert into "live" money cash players. We ecpect using the 6.5 million BRO coins that we will have 750K to 1 milion registered users. That typically converts into about $25 million a month in player processing. Think about that?

Breakout Gaming MUST "buy" $25 million worth of BRO coins a month to meet its reserve. How many coins in the market, how many held in wallets and how many in circulation? What will the price of BRO be? This is the value proposition we are offering to the early buyers.

So your plan is to distribute the giveaway coins completely through the Breakout platform?

tx42

hero member

Activity: 742

Merit: 500

Quote from: barabbas on October 27, 2014, 10:26:13 PM

Quote from: jaybny on October 27, 2014, 10:19:02 PM

Quote from: tx42 on October 27, 2014, 10:14:40 PM

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Over a long enough time, they will get a benefit proportional to their investment.

the other option is to provide an interest rate on all bergstake instead of a block reward system...

That would be much better IMO. But where does the interest come from?

One way to work this idea is to require a minimum share for Bergstake, equivalent to say $25 at ICO prices. That's higher than the minimum ICO investment, but it isn't going to break anyone who has spare money to invest in an ICO.

[edit]

"Interest" would be a constant payout per block times the stake multiplier, is how I understand it.

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: tx42 on October 27, 2014, 10:26:21 PM

Quote from: ?? on ??

7 million without Bergstake = Giveaways and Promotions. Although this is a pre-mine, the giveaways are absolutely essential to the increase in the value of BRO. These will be used to draw "live" money players and will have the effect of helping increasing the demand and liquidity on the market for BRO.

Can you explain how you will give away the coins? How can you prevent double-dipping for example?

the plan is not to release the actual coins in the bonuses and giveaways, but to give people tokens to qualify to win the coins. There will be play through requirements on our gaming platform that will actually require the participants to play and win to earn the coins. The anti-fraud and anti-collusion built into our software will prevent multiple accounts and fraudulent attempts at capturing all the giveaways.

A certain percentage of the players that join in on the freerolls and giveaways will convert into "live" money cash players. We expect using the 6.5 million BRO coins that we will have 750K to 1 million registered users. T

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: Mayhem007 on October 27, 2014, 10:26:25 PM

Quote from: jaybny on October 27, 2014, 10:07:10 PM

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Quote from: jaybny on October 27, 2014, 09:44:57 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

yes

Quote

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block.

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Nxt uses stake, has no block rewards.

a holder of 10 bergstake has 10 times more of a chance of solving the block vs a holder of 1 bergstake.

its linear. its fair.

i think what he is getting at, is the chance of hitting a block is so small that he has almost no shot of earning a reward if he owns only one bergstake. but yea if he plans on only buying a small amount, then maybe he doesn't care/deserve to win more coins. is there a possibility of creating custom pools where all the coins can be divvied up, so smaller investors have a better shot of sharing in their percentage of a reward?

pools of bergstake? hmmm not sure if/how this would work. will get back 2 u.

Mayhem007

member

Activity: 98

Merit: 10

Quote from: jaybny on October 27, 2014, 10:07:10 PM

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Quote from: jaybny on October 27, 2014, 09:44:57 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

yes

Quote

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block.

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Nxt uses stake, has no block rewards.

a holder of 10 bergstake has 10 times more of a chance of solving the block vs a holder of 1 bergstake.

its linear. its fair.

i think what he is getting at, is the chance of hitting a block is so small that he has almost no shot of earning a reward if he owns only one bergstake. but yea if he plans on only buying a small amount, then maybe he doesn't care/deserve to win more coins. is there a possibility of creating custom pools where all the coins can be divvied up, so smaller investors have a better shot of sharing in their percentage of a reward?

tx42

hero member

Activity: 742

Merit: 500

Quote from: ?? on ??

7 million without Bergstake = Giveaways and Promotions. Although this is a pre-mine, the giveaways are absolutely essential to the increase in the value of BRO. These will be used to draw "live" money players and will have the effect of helping increasing the demand and liquidity on the market for BRO.

Can you explain how you will give away the coins? How can you prevent double-dipping for example?

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: jaybny on October 27, 2014, 10:19:02 PM

Quote from: tx42 on October 27, 2014, 10:14:40 PM

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Over a long enough time, they will get a benefit proportional to their investment.

the other option is to provide an interest rate on all bergstake instead of a block reward system...

That would be much better IMO. But where does the interest come from?

tx42

hero member

Activity: 742

Merit: 500

Quote from: BreakoutGaming on October 27, 2014, 10:22:00 PM

Once the software is complete the BRO will sell at 1000 per btc. We feel that is enough incentive for early investors @6000 and @3000 BRO per. Once the software is done, there will be sufficient positive press and confidence that we feel will encourage a higher price.

Okay. Gotcha. Sounds reasonable.

tx42

hero member

Activity: 742

Merit: 500

Quote from: jaybny on October 27, 2014, 10:19:02 PM

the other option is to provide an interest rate on all bergstake instead of a block reward system...

So someone with 100 bergstake has as much of a chance of solving a block as someone with 1 bergstake, but gets 100 times the payout?

Over a long enough time, the two types of stake are equivalent.

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: tx42 on October 27, 2014, 10:12:00 PM

Quote from: jaybny on October 27, 2014, 09:54:25 PM

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

think the reason is to give a bonus to those who invested already...

The plan doesn't actually do that. They should have added a small bonus for people who have already invested, like 5% or 10% (6600 or 6300 PRO/BTC).

Also, having some coins left over for "Remaining coins will be sold at the public release of beta software", is going to encourage a wait and see investment strategy after the first round of speculators jump on the 100% bonus.

Once the "coins sale" continues BRO will sell at 1000 per btc. We feel that is enough incentive for early particpants @6000 and @3000 BRO per btc.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: tx42 on October 27, 2014, 10:14:40 PM

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Over a long enough time, they will get a benefit proportional to their investment.

the other option is to provide an interest rate on all bergstake instead of a block reward system...

tx42

hero member

Activity: 742

Merit: 500

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Over a long enough time, they will get a benefit proportional to their investment.

tx42

hero member

Activity: 742

Merit: 500

Quote from: jaybny on October 27, 2014, 09:54:25 PM

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

think the reason is to give a bonus to those who invested already...

The plan doesn't actually do that. They should have added a small bonus for people who have already invested, like 5% or 10% (6600 or 6300 PRO/BTC).

Also, having some coins left over for "Remaining coins will be sold at the public release of beta software", is going to encourage a wait and see investment strategy after the first round of speculators jump on the 100% bonus.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Quote from: jaybny on October 27, 2014, 09:44:57 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

yes

Quote

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block.

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Nxt uses stake, has no block rewards.

a holder of 10 bergstake has 10 times more of a chance of solving the block vs a holder of 1 bergstake.

its linear. its fair.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: jaybny on October 27, 2014, 09:44:57 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

yes

Quote

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block.

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

Yes, a MUCH longer period than that. At least 7 days (many people is paid at the end of the month).

And after this re-structuring I don't have clear at all what the amount of total coins will be. Lets try to figure it out with one scenario by which the 1000 BTC is reached within the first 7 days. That means 6 million coins and software fully funded. Then what? Lets also assume that the other 4 million coins are also sold. What is left? 2.5 million for developers, etc.? and 7 million for promotions, bounties, etc. Total 19.5 million plus 1 million more for bergstake, 20.5 million by the end of the first year. That's just 10% of the total coins... which will be owned by Breakout Gaming? Am I getting this correctly?

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

think the reason is to give a bonus to those who invested already...

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

Proposed changes.

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

yes

Quote

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block.

Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 65. (Read 243361 times)