Quote from: JakeThePanda on October 21, 2014, 04:18:15 PM

Quote from: Arbex on October 21, 2014, 04:06:30 PM

Quote from: comando on October 21, 2014, 02:31:55 PM

How much is for BRO at ICO, again? sorry if this question has been asked already.

The price of BRO is not known at this time. With no prior transaction history, stating any price would be like picking a number out of thin air. Price is important and should be determined by the real supply and demand.

Wrong, the minimum price for BRO is known right now. Anyone buying the ICO right now will pay more than 603 sats.

Here's why there's no "price right now" -- minimum or otherwise. The BRO Coin Sale explains the simple buying procedure -- The BTC are collected, and then the 5.5 million BRO are distributed after the sale. It is done without setting a price before or during the sale. The price will become known at that time, as will the number of BRO acquired.

What's being recorded in the genesis blockchain when you send in your BTC is the Time and the BTC Amount. So even if some hypothetical "price right now" was meaningful, relevant and calculable, it is not being recorded. The price is determined at the end, with the advantages for everyone that are discussed elsewere in this thread.

The number of BRO a buyer gets is indeed effected by the Early Bird Incentive bonus. This amount depends on the Time the BTC was received, and How Many Total BTC were received by that time. The second of those facts will be available only after the Coin Sale. Clearly, no "price right not" would be relevant to that calculation.

For each participant, their effective cost per BRO will depend on which 10-percentile range they fit into. Early birds can get a pro rata bump of up to 10% over the amount received by those in the second half of funds received. But again, that doesn't involve any "price right now". I hope that helps clarify how time relates to the cost of the BRO that people get! http://fundraiser.breakoutgaming.com/offering/