And you just registered to let us know it on your first post... sounds legit.
barabbas, here is my 1st post:
"I have been involved with Breakout since May, helping with poker & I have to admit - this team is an amazing collection of talent & hard work - they have to be destined for success."
Wow. Too many (anonymous) people on the team. It gets confusing...
barrabbas, we have over 40 members working on this project and many of them were unfamiliar with cryptocurrencies until joining the BRO team. Please forgive us if there has been any confusion, most of us are trying to say hello in support of BRO. I believe most of the team have introduced themselves and their respective roles. Feel free to ask any of the posters if they are related to Breakout Gaming and their respective roles in the company. Thanks.
**edit** Breakout Gaming has the most transparent team in the entire crypto community. Most of the core members are listed on our breakoutcoin.com site.
Yet another thing: A very big amount of BRO (and Bergstake, I assume) is reserved for various concepts, without any particular figure assigned to each. For instance, how much will go to developers? how much to marketing/promotion (and here the concept is even more confusing for Wells and his Soda & Lime are part of the "team", whatever that means... is it team of developers?
You are taking, if I am correct in my calculations, 67% of the entire project -a significant portion of it in advance, through the ICO- for "the team" --- and future development. But of that future development, we are left to see nothing. Of course there will be new features, but which are the aim? The coin is already energy efficient, already covers most games, most betting will be quite possible also, so what "new future features" are we talking about? The ones mentioned in the site are already available in other coins and can be copy/pasted or leased rather cheaply...
To clarify, the 67% only represents the first two years, in subsequent years that figure will diminish and be marginal, let us explain.
The developers, marketing pros, founders, investors, consultants, writers, design team, social media, accounting, legal, PR, etc.. all are sharing in the pool of initial 2.5 million coins. What is the calculated pre-mine percentage over 10, 20,30 years? In relation to the total amount of 200+ million coins to be available over time, it is a small percentage. We wanted to be up-front and release the 2-year numbers in order for people to make their own judgement fairly as to whether or not they wanted to invest in the project and if the talent and team assembled for the project warrants it.
In the beginning of the project, we had a very difficult time persuading top talent to join our team in exchange for “virtual” coins or computer code. You can imagine how that conversation went? We were able to compensate a lot of the talent for far less than what they would normally accept because eventually, they believed in the marriage of gaming and cryptocurrency.
The 4.5 million BRO that is being offered in the "coin sale" will primarily go to market the coin and the gaming platform. Establishing BRO as a leader in the gaming community will be our top priority. There will be costs associated with maintaining a development staff and operations, but money will be poured into marketing. Keep in mind, there has already been substantial monetary investments into the project, developing software, legal, gaming staff, creative design and social media campaigns, etc.. This will be an International Gaming project in scope. The amount of traffic we are planning to drive to our platforms has previously never been seen before in the crypto space.
We feel strongly that in order for a coin to survive, there needs to be a huge market that drives demand and liquidity for the coin (maybe a bad example, but think Silk Road and what it did for Bitcoin's price at the time). At present, over 50% of all crypto transactions are related to gaming and the inherent properties of cryptocurrencies makes it a perfect match. Gaming is now a $40B market and Breakout Gaming is poised to bring cryptocurrency iGaming to the masses.
Until now, the entire crypto gaming space has been severely limited to grey market businesses. Breakout Gaming will be the first to be legally licensed and regulated in all the jurisdictions that we offer our suite of games. This allows us to accept “fiat” payment processing and acquire banking services that unlicensed gaming businesses are denied. “Fiat” payment processing and banking is important because it opens up the entire world to market our products by allowing easy access to buy chips/credits denominated in cryptocurrencies.
The 7 million giveaway allotment of coins will be used to reward the crypto community with referral incentives, player bonuses, freerolls, etc… The entire distribution schedule is available on our breakoutcoin.com site in detail. This distribution model will allow us to distribute BRO to a wide and diverse group of people that will ultimately help support and provide liquidity for the BRO market. The 7 million coins are a pre-mine, but by the end of the 2 year PoW period, we will have completely given away the entire pool to the crypto and iGaming community.
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.
