Interesting project, I will keep an eye on it
Hi Starblocks, thanks for your interest!  |
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Congratulations, you just calculated how many satoshi are in a bitcoin.
I thought that's what he asked. He wanted the price in Satoshis.  I like that ever increasing slope. I like it too Tx42 |
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If 1 bitcoin buy 5,500 breakout coins. How many satoshi is that?
1 / 5500 * 10^8 * 5500 = 100,000,000 satoshi Congratulations, you just calculated how many satoshi are in a bitcoin. |
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i got some BRO for my bro spent what i could after the mintpal scamarino it say's i have 3,366 breakout coins and i've spent 0.51 is that correct? Assuming you were the earliest buyer at 6600 that number seems to be correct. .51 * 6600 = 3366 However if you just bought at the 5500 level, 3366 is incorrect. |
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Sorry, I'll try not to be so snarky.
The OP still says the price is 6000. Please change that.
In my book JakeThePanda has earned the right to be snarky. He's also very helpful and supportive. Thanks Jake |
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Is #BRO going to be traded on an exchange like bittrex etc after the end of the ICO? Apart from breakout exchange
Yes, we will be on multiple exchanges from day one. I personally can't wait for this. I have a love for watching charts  Mmmmm charts |
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Hope everyone had a safe Holiday weekend |
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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. What would make you think that? My understanding is everyone buys under the same terms, the new terms. @JakeThePanda Imagine someone sold you a piece of an entity, which we will call Genesis. Genesis is limited in size, but it will grow in the future (after the sale) at a set rate. Initially, Genesis will be divided up into 5,500,000 Genesis units, known as GEN. This means that Genesis is equal to 5,500,000 GEN. The terms that you agreed to when you bought into Genesis stated that the amount of units that you would own will be proportionate to the amount of currency (in this case BTC) that you contributed to the Genesis fund divided by the total amount of currency (BTC) contributed. This would be your fractional ownership. The terms stated that funds would be collected until the close date, which is 30 days from the initial sale date. You thought that this was a good deal, as you believed that there would be a high demand for GEN in the future, so you contribute 1 BTC to the Genesis fund. Nine days go by, and you and 197 other people have contributed 1 BTC each towards the Genesis fund, which, at its current value, would buy each of you approximately 27,778 GEN (5,500,000 / 198). Now, its too early to say what the actual price per GEN is going to be because the sale has not closed yet, but you can keep a running tally. At this rate, if it stayed constant, one can assume what the price of GEN will eventually be. We take 198 BTC raised so fair, divide it by 9 days, which gives us an average amount of 22 BTC raised per day. 22 BTC time 30 days of the sale, equals 660. So, 5,500,000 GEN divided by 660 BTC, equals 8,333 GEN per 1 BTC, or 0.15% of Genesis. At this point, on day nine, the seller decides that he doesn't like the original terms, so he decides to update them. He says that Genesis is now made up of 10,000,000 GEN, and that an investment of 1 BTC will equal 6,000 GEN. While not increasing the size of Genesis, the new valuation is equal to about 1,667 BTC. So, you original investment of 1 BTC is now only worth 0.06% of Genesis. Your investment has decreased by 60% (0.15% - 0.06% = 0.09% / 0.15%). Do you believe that the seller would be acting fair in changing the terms of the sale after you already bought into Genesis? That's what I was trying to say earlier, but all folks say in response is "BUT BERGSTAKE!" It's just a gimmick. These guys' whole business is based on luring in fish with gimmicks. I was interested in the coin sale, but the whole thing is starting to smell fishy to me. Also the notion that BRO will magically be sold at a 1000 BRO/BTC rate on launch is a false promise. The market will set the rate, which could be 20,000 BRO/BTC. You better hope you are first in line of the ICO participants to sell your BRO when the first exchange goes live. How do I request my refund? Also, it's a good thing you're not based in the US because changing the terms after a bunch of people have invested already is patently illegal. Sure you're sharing the new terms on a FORUM and offering refunds, but what if I don't check the forum? You certainly didn't email all the investors. Sorry you're not happy. The Coin Sale isn't for everyone although we try to listen to feedback as best we can. The response to the changes have been overwhelmingly positive. Please pm BreakoutCoin for a refund. We considered doing an automated refund when the sale terms were modified but we discovered there are problems sending btc back to sending addresses. There is no fullproof "return to sender" in bitcoin. |
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So there will be 12,500,000 Bergstake, correct?
What if all Bergstake is not bought before the end of the ICO? Will that Bergstake be created and staked by the devs or some centralized entity? I think such a plan would be very bad (TM).
It would be best, and preferable in terms of decentralization, if Bergstake were limited to the number of coins sold during the ICO, and if more coins were needed for downstream use, then those coins would be created without corresponding Bergstake.
Hi Tx42, Yes I agree. Especially forgoing a PoW phase, it's best for the coin if no one big buyer comes in and swoops up too much Bergstake. If there are unpurchased coins after the complete Coin Sale, one thing for sure is that those coins will not be created with Bergstake and staked by the devs or a centralized entity. Let me get this straight, if only 2mm coins are sold in the ICO then there will only be 4.5mm Bergstake, 2.5mm for Breakout team and 2mm for ICO? Keep in mind that there's a minimum amount of btc raised to continue project development either through the Coin Sale or Private Sale.
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.
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So there will be 12,500,000 Bergstake, correct?
What if all Bergstake is not bought before the end of the ICO? Will that Bergstake be created and staked by the devs or some centralized entity? I think such a plan would be very bad (TM).
It would be best, and preferable in terms of decentralization, if Bergstake were limited to the number of coins sold during the ICO, and if more coins were needed for downstream use, then those coins would be created without corresponding Bergstake.
Hi Tx42, Yes I agree. Especially forgoing a PoW phase, it's best for the coin if no one big buyer comes in and swoops up too much Bergstake. If there are unpurchased coins after the complete Coin Sale, one thing for sure is that those coins will not be created with Bergstake and staked by the devs or a centralized entity. |
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Todd taking time to tweet while playing in WSOP 2014  |
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Ted wearing an early version of the BRO coin logo and winning his 6th WSOP bracelet this year 2014  |
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yaps , worked for me. "You Breakoutcoin balance is x BRO. You spent x btc" Excellent!  |
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what browser is that? should say BRO not BTC.. weird. Says BRO for me on firefox and chrome |
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BTC again sent (directly) In my wallet 12 hours ago, still status: "21 Confirmations"
probably more 180 BTC sent, approximately 300 BTC
Hi Groker, Are you saying that your transaction hasn't completed and the total btc on breakoutcoin.com doesn't reflect your purchase? Please feel free to pm me. We also have a native Russian speaker on the team that can assist. |
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SO those investors that bought in BEFORE the announcement, do they get the bonus?
Yes. Automatically upgraded to highest tier @6600. |
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OFFICIAL ANNOUNCEMENT:
Hello Breakout Community. The previous announcement post was for discussion of proposed ideas. Breakout Coin Team will implement the following changes after listening to feedback from the community.
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.
I don't get it anymore  So, let's say I invested 1 BTC, that means that I'll receive 13200 BRO? 1 btc = 6600 BRO at this moment next level 1 btc = 6000 BRO after 7 days 1 btc = 5500 BRO then it drops 500 BRO every 48hrs until it reaches 1 btc = 3000 BRO I don't like this anymore, where is the 2x bonus? Will devs gonna change their minds like that all the time with this project? Qawzsx, Last night's announcement suggested: a/ 3k BRO per btc b/ 6K BRO per btc for 48 hrs (2x BONUS) The revised system incorporating everyone's suggestions still gives you the 2x bonus (actually a bit more) but doesn't suddenly drop to 1x. |
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OFFICIAL ANNOUNCEMENT:
Hello Breakout Community. The previous announcement post was for discussion of proposed ideas. Breakout Coin Team will implement the following changes after listening to feedback from the community.
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.
I don't get it anymore So, let's say I invested 1 BTC, that means that I'll receive 13200 BRO? 1 btc = 6600 BRO at this moment next level 1 btc = 6000 BRO after 7 days 1 btc = 5500 BRO then it drops 500 BRO every 48hrs until it reaches 1 btc = 3000 BRO |
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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 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. ah play through requirements. genius. Yes Mayhem007, We don't want to give away a BRO to someone through a promotion on Facebook and have him immediately sell it for cash. This could negatively effect the coin price. Also, this would open us up to automated systems that can create thousands of accounts to exploit giveaways. By requiring a BRO giveaway recipient to play on the gaming site to redeem his coin, we will have an opportunity for him to become a long time buyer of BRO. |
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