[ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts

[Kuriso]

How will this gaming platform work for USA citizens?  Are there any regulations for us?

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[BreakoutGaming]

I don't understand the need for such a large ICO 8-15k BTC, You clearly state that all this work has been done over the last year or so, besides some marketing. It looks like some of the marketing has been done if you

already have 40k+ followers on facebook. I'm not trying to fud here, just why would I spend BTC on uncapped ICO when I can just wait and mine if the maths add up. I can't see any reason to do it any other way. Also

no firm commitment to algorithm used for mining. As for POB and encrypted wallet, it should be like others you only unlock for staking. It seems like a nice idea but I think you've spent more time on the gambling than on

the crypto, and we're all crypto here, some will also be gamblers. Anyway I'm watching thread with interest wondering how far the money that's in existing alts can spread.

Are you trying to raise funds in the real world as well? Please don't answer this with "we want to give crypto people a chance blah blah blah" I'd love to see someone try to raise funds in real world as well as crypto

At least we'd know that you face real penalties in the real world if we get screwed here in cryptoland

Jon  

jd1959,  Thanks for your contribution and you have very valid questions.  We have stated that most of the incoming funds will be used towards marketing.  The 6 million coin giveaway is part of that equation also.  To really gain mass adoption, the amount of "fiat" needed to penetrate the various markets we will be entering is a huge sum.  If you research Pokerstars, Fanduel, Draftkings etc.. you will find that 10 million is just the beginning of a complete marketing budget.  Breakout has a huge advantage because we can use the "BRO" instead of "fiat" to draw players in for player acquisition.  However, marketing and advertising
cost goes way beyond just bonuses and freerolls. BRO "coin sale" proceeds will be used to market the BRO coin.

We plan on using "pro athletes" and persuade other gaming operators to accept BRO on their platforms in the near future.  We are preparing servers and data center that can handle over 100,000 users at a time.  Customer support and service for this type pf enterprise is costly.  Yes, we will be looking for institutional investors after the "coin sale" if that makes sense for the long-term growth of the BRO coin.

Ultimately, the goal is mass adoption of our coin across the gaming universe.  Being properly funded can only help the growth of BRO.  If the intention is to hold the coin and quickly dump the BRO after it hits the market, then some of our plans may not align with yours.  Remember, on Breakout Gaming's platforms they must buy the equivalent of BRO in reserve to match the amount of BRO chips being used at the tables.  Breakout Gaming and the gamers they can attract as live money players will nned to purchase BRO chips denominated in BRO coin.  Bergstake is just an added bonus that you will receive over the life of the coin. You can sell your BRO and still maintain a long-term interest stake in the success of BRO.

We will be entering the gaming space supported by major pro players.  That's just the beginning, we will continually be adding Brand Ambassadors throughout the process.  We will be the first gaming operator in the crypto universe to be fully licensed and regulated and accept both crypto and fiat.  We will have access to the Fantasy Sports fans, eSports fans, Poker, Casino, etc.. If we are able to sell the story of crypto to the gaming universe and teach them the value of using crypto instead of fiat, the sky is the limit.  As of now, we are planning to sign up 750k registered users over the next two years.  When that happens, the BRO and Bergstake should be rewarding for all the early adopters.

BRO advances the cause of crytpos and makes it easy and accessible to the general population.  We are one of the first coin model that will actually "bring fiat" into the crypto market, rather than decimate btc and other alts to support us.  Breakout Gaming will bring "fiat" flowing into BRO and hopefully lend support to the rest of the crypto community as well.

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.

[BreakoutGaming]

How will this gaming platform work for USA citizens?  Are there any regulations for us?

Only Fantasy Sports and other skill based games will be available in the US.  We will be only offering specific games where it is legal to play. 

Fantasy Sports is the largest growing segment of the gaming industry and money is pouring into this space at a rapid rate.

Fantasy Sports that will be offered; NFL, NBA, NHL, MLB, GOLF and Nascar

Never before seen Fantasy Games that we are proud to introduce to the crypto community is Fantasy eSports and Fantasy Crypto.
These games will allow the entire eSports industry to participate in the crypto evolution.  The Fantasy Crypto game will allow people that like to research and bet on alternative currencies, to out-strategize their opponents and use their knowledge to win more crypto.

In the future we hope to add Fantasy UFC and Fantasy eXtreme sports.

Market Opportunity

• $41.4B online gaming market 2015
• Dota2 – 800,000 concurrent daily players
• League of Legends (LOL) – 67 million players
• Poker – 40 million players
• Fantasy Sports – 42 million players

[jibble]

If i understand correctly , we are not the first wave of investors.
The real investors actually own the company , those pokerpro's probably own a %age.
We are here to give them their money back in advance and pay for the marketing.
The only benifit for us is the bergstake wich to me is not clear how much(or how) this will generate in profits for me btc/invested-vs-bergstake.
now the pool owners will get all the bergstake from the miners thats gonna be 2-5 people with a shitload of bergstake very flawed.
We are basicly the first batch of customers to their site that are buying bro coins to get some distribution started.
We get none of the profits from the company that runs the gaming network we can only hope the price will go up to make money Auwch.
We are just getting some airmiles for getting in on the testflight.(bergstake)

If this is incorrect please explain it to me so i can invest.

the coin is being used in a new and unique way. by having the gaming company denominate all its chips in breakoutcoins, it will be required, by regulator, to hold breakoutcoins to match all deposits and and to pay out prizes.

so as the gaming company grows, and receives more and more fiat deposits, it will be buying and holding more and more breakoutcoins. in addition, breakoutcoins can be used to lay any of the games directly.

so there is a use case and a liquidity case.
 

I think it would safe to say also adding the BTC deposits as well? to that analogy

[ray88]

Please Bro not a ''X'' coin !!!!!!!

edit: XMG's algo M7M looks very nice mini blockchain + cpu only

[BreakoutGaming]

Hi BRO's,

I am in two minds here. I have a stash that I have been saving purely for this ICO, however some of the more skeptical people in this thread have raised a few note-worthy points. So, before I make my decision on whether to invest in this project or invest in another really interesting ICO that's happening right now, could you highlight why my bitcoin would be better in your pockets? It's not much in the grand scheme of things but it is a lot to me, thanks.

What would the real benefits of holding some BRO's. What would it get me? What can I do with them? And are your e-sports limited to poker? Or what else have you in the pipeline. I feel answering these question would significantly help me with my decision thanks!

Rayban314,  we thank you for taking our "coin sale" for your consideration. Here are the main points why we feel that the "crowd sale" would benefit early investors such as yourself.

1.  Bergstake - The right to "virtual mine" with no energy costs or equipment costs cannot be understated.  You will have the ability to sell all your initial BRO coins you invested in the "crowd sale," for a potential profit and still maintain a free-roll for the life of the BRO coin as you and the other Bergstake owners will be the only ones that can earn additional Bergstake in the future after the PoW period is over.

2.  Breakout Gaming supports BRO coin in a $40Bn industry.  Breakout Gaming will be the first crypto company that is fully licensed and regulated that will be able to accept "fiat" processing,  This opens the door for BRO to be used and marketed worldwide to the general population as never seen before with crypto gaming sites. If Breakout Gaming using BRO coin even penetrates a small share of that market, then the sky is the limit for the value of BRO and Bergstake.

3.  Over 50% to 70% of all transactions on the crypto blockchain has been gaming/gambling related.  It has been proven that gaming is the best case use for crypto currencies.  The inherent technology in cryptocurrencies are tailor-made for gaming.  Fast, easy transaction.  Limited or zero fees, ability to transfer money across the world, no need for expansive banking systems and credit cards systems that many countries do not provide, the ability for players all over the world to transfer and play each other in a common denominated currency.  Once crypto enters this gaming space and allows the freedom and ease of use that current systems cannot provide, we feel that BRO supported by Breakout Gaming, can really be a game changer.

4.  The "coin sale" will be the only time you can actually buy Bergstake.  After the "coin sale" ends, the only way to acquire Bergstake is through PoW mining.

5.  You will be getting in on the ground floor of what we feel is going to be a revolution in gaming.  Crypto and Gaming is the future.

6.  As the user base grows over the years, the amount of reserves of BRO, Breakout Gaming needs to hold to match the chips in play, will hopefully grow to the tens of millions, supplying a natural demand and liquidity for the the owners and investors of BRO coin.

7.  This will be the first time, there will be a strong community of recognizable celebrities backing and using the coin.  There will be a multi-million dollar marketing campaign to penetrate the general population and gain mass awareness for BRO.

8.  This will be one of the very, very few crypto projects that actually "brings more "fiat" into the crypto markets.  A significant portion of our processing will be strictly "fiat."  Hopefully, fiat will flow into our gaming platforms as well as the bitcoin and alternate communities.  All other projects gained by taking from bitcoin or other alternative currencies.  In the long run, we will be helping the entire crypto community grow.

9.  Project already has significant capital invested in it.  Not a whitepaper or theoretical fundraiser.  Established and reputable management team.  

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.

[Mayhem007]

heck, im so excited bout bro, this one is going to be historical! 

[SRBOOTH]

A question regarding poker..... What software platform do you intend to use for poker? Many of theses have been provably suspect. I am a long time live and online player, in fact some of the celebrities you are mentioning have been involved in such questionable dealings. Please provide us potential investors/users with poker platform developer info.
  
This is of course assuming that the point of this is to control the gaming platforms. I am not trying to sound negative, you will find many intelligent people here who are used to open source content and will always question legitimacy.

My paranoid side tells me that even though your crypto development may be solid and legitimate, your edge is likely found as playing the "house". I read a reference within these posts to skill games, without peer review of software how is it provably fair. "GODMODE" is every players worst fear, so please provide us some answers regarding the possibility that we may be duped at the tables and not necessarily at the exchange.

I wish you luck and success, I appreciate what work you have presented.........just......convince me.

[drkman]

1.  You need a solution ASAP to the problem of mining pool owners getting all of the Bergstake.

Why the heck would anyone mine this if you have use a pool to mine effectively and if that pool owner was the only one who gained the benefit!!?  The only ones would be the ignorant masses who haven't realized that they are simply paying to mine Bergstake for another person.  PLEASE FIND A SOLUTION TO THIS BEFORE LAUNCH.

2.  Try to choose the algo that is the most difficult for GPU mining farms to exploit.  Not sure if we have hard trustable data on this at the moment or even if it matters because can't any GPU mining farms easily mine anything that an individual GPU can mine?

[jd1959]

Thanks for all the replies to my previous post. One further question, in what country will the company be registered please?

Jon

[BreakoutGaming]

A question regarding poker..... What software platform do you intend to use for poker? Many of theses have been provably suspect. I am a long time live and online player, in fact some of the celebrities you are mentioning have been involved in such questionable dealings. Please provide us potential investors/users with poker platform developer info.
  
This is of course assuming that the point of this is to control the gaming platforms. I am not trying to sound negative, you will find many intelligent people here who are used to open source content and will always question legitimacy.

My paranoid side tells me that even though your crypto development may be solid and legitimate, your edge is likely found as playing the "house". I read a reference within these posts to skill games, without peer review of software how is it provably fair. "GODMODE" is every players worst fear, so please provide us some answers regarding the possibility that we may be duped at the tables and not necessarily at the exchange.

I wish you luck and success, I appreciate what work you have presented.........just......convince me.

SRBOOTH, Excellent questions, we are glad you brought these to the forefront.  Without revealing too much confidential information on a public forum, we can tell you that we are working with a third party software development team with a set of excellent top software engineers that worked previously with companies such as Party Poker, Gtech and Playtech. 

RNG and software was certified by itech labs as well as GLI (tst labs).  We have been making major modifications and updates over the past year for the software, so when completed we will have to get re-certified by both labs before launch.  In addition, when the software is complete we will be hiring an independent software auditing company to check for backdoors and "godmode."  We understand the concerns the poker and gaming  community have over potential fraudulent activity and hope the crypto community will give us a chance to show that we will be transparent as possible.  The certificates and independent audit will be made available to the public immediately after we get certified. WE WILL NOT LAUNCH WITHOUT PROVIDING THESE CERTIFICATIONS TO THE PUBLIC.

We do understand your concerns about potential accusations of the poker pros, but we can tell you the ones remaining on our team all have been potential victims by bad management. We can tell you it was very difficult to get a lot of these pros on board, specifically because of the bad press some of them have received because of their association with a company they had no control over.  On top of that, we had to convince them to accept "computer code" instead of cash.  Many of them were paid millions for their previous endorsement deals.  Imagine how that conversation went.

After telling them our story, they became believers in the future of cryptocurrency and gaming.  All the marketing pros are in this project 100% and want to advance the cause of cryptos to gain mass adoption by the general population. FYI, we cut a lot of our initial Team of pros because of potential activities that would not bring this project into a good light.  A lot of the pros current pros are friends of management and very well known in the poker circles.  Although not all of them are the most popular in the community, absolutely none of the players on our team are known in the inner circle of high limit players as someone that would knowingly get involved in fraudulent activity. 

[Randy M Kim]

ux looks awesome dude! will be waiting with my bitcoins 

Glad you like it Mayhem

[BreakoutGaming]

1.  You need a solution ASAP to the problem of mining pool owners getting all of the Bergstake.

Why the heck would anyone mine this if you have use a pool to mine effectively and if that pool owner was the only one who gained the benefit!!?  The only ones would be the ignorant masses who haven't realized that they are simply paying to mine Bergstake for another person.  PLEASE FIND A SOLUTION TO THIS BEFORE LAUNCH.

2.  Try to choose the algo that is the most difficult for GPU mining farms to exploit.  Not sure if we have hard trustable data on this at the moment or even if it matters because can't any GPU mining farms easily mine anything that an individual GPU can mine?

drkman, 1. Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.  A solution will be made available and open-sourced BEFORE LAUNCH.

2.  We just recently scrapped CN because of all the recent controversy behind the algo.  We will definitely be addressing the "mining farm" problem asap.  The devs will open the algo for discussion and Bergstake owners will get a strong say in the final spec.  

[BreakoutGaming]

Thanks for all the replies to my previous post. One further question, in what country will the company be registered please?

Jon

There will be two separate gaming companies.  One based in US, for the Fantasy Sports and Skill games and one outside USA, for poker, casino, sportsbook and other games not available for US residents.

[JakeThePanda]

This isn't really true right?   I'm mean, for you guys it's true.  On Tuesday your (The Breakout Team's) bitcoins will arrive in the form of us using BTC to buy breakoutcoins, but our coins won't arrive for another 30 days.

Hey Jake, the meme just says the Coin Sale will start 

Sorry, I don't read so well.

[JakeThePanda]

Thanks for all the replies to my previous post. One further question, in what country will the company be registered please?

Jon

There will be two separate gaming companies.  One based in US, for the Fantasy Sports and Skill games and one outside USA, for poker, casino, sportsbook and other games not available for US residents.

That's great because poker is a skill based game. 

[drkman]

1.  You need a solution ASAP to the problem of mining pool owners getting all of the Bergstake.

Why the heck would anyone mine this if you have use a pool to mine effectively and if that pool owner was the only one who gained the benefit!!?  The only ones would be the ignorant masses who haven't realized that they are simply paying to mine Bergstake for another person.  PLEASE FIND A SOLUTION TO THIS BEFORE LAUNCH.

2.  Try to choose the algo that is the most difficult for GPU mining farms to exploit.  Not sure if we have hard trustable data on this at the moment or even if it matters because can't any GPU mining farms easily mine anything that an individual GPU can mine?

drkman, 1. Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.  A solution will be made available and open-sourced BEFORE LAUNCH.

2.  We just recently scrapped CN because of all the recent controversy behind the algo.  We will definitely be addressing the "mining farm" problem asap.  The devs will open the algo for discussion and Bergstake owners will get a strong say in the final spec.  

So does your NEW pool you are developing mean the miners themselves will get their PORTION of the bergstake?  Is that what you mean by "entered into the coinbase transaction directly"?  Just want to clarify.

[BreakoutGaming]

Thanks for all the replies to my previous post. One further question, in what country will the company be registered please?

Jon

There will be two separate gaming companies.  One based in US, for the Fantasy Sports and Skill games and one outside USA, for poker, casino, sportsbook and other games not available for US residents.

That's great because poker is a skill based game.  

HA!   poker will not be available in the US, apparently the regulators don't feel the same way as some of us.  Play for free poker will be available and we will also be offering freeroll poker tournaments in the US, so US residents will have equal opportunity to earn the giveaway coins as the rest of the world.

[BreakoutGaming]

1.  You need a solution ASAP to the problem of mining pool owners getting all of the Bergstake.

Why the heck would anyone mine this if you have use a pool to mine effectively and if that pool owner was the only one who gained the benefit!!?  The only ones would be the ignorant masses who haven't realized that they are simply paying to mine Bergstake for another person.  PLEASE FIND A SOLUTION TO THIS BEFORE LAUNCH.

2.  Try to choose the algo that is the most difficult for GPU mining farms to exploit.  Not sure if we have hard trustable data on this at the moment or even if it matters because can't any GPU mining farms easily mine anything that an individual GPU can mine?

drkman, 1. Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.  A solution will be made available and open-sourced BEFORE LAUNCH.

2.  We just recently scrapped CN because of all the recent controversy behind the algo.  We will definitely be addressing the "mining farm" problem asap.  The devs will open the algo for discussion and Bergstake owners will get a strong say in the final spec.  

So does your NEW pool you are developing mean the miners themselves will get their PORTION of the bergstake?  Is that what you mean by "entered into the coinbase transaction directly"?  Just want to clarify.

yes, EXACTLY! The miners themselves will be directly receiving their share of the Bergstake, not the mining pool operators.  This will cause 100s of outputs and therefore keep the pools smaller and less centralized.

[BreakoutGaming]

ANNOUNCEMENT:

An additional 1 million BRO coins will be added to the "coin sale" pool for a total if 5.5 million instead of 4.5 million.  All coins come with Bergstake.  Giveaway for promotions will be reduced to 6 million coins from 7 million.  The plan is to burn the Bergstake attached to the giveaways, which will give early investors in the "coin sale" a larger percentage of the pie when Proof-of-Bergstake begins.