1. The math doesn't add up. If the ICO sale now includes 10mil BRO, and you're collecting 700 BTC, that's 10,000,000/700=14,286 BRO per BTC. What is this 6600 business? If you conservatively assume that the buys are spread over the course of 30 days, maybe the average BRO/BTC is ~4500. 700 BTC x 4500 = 3.1 million, which is 1/3 of what you said the total ICO would be. It seems like you're trying to pull one over on us and limit your risk by offering the BRO at a fixed rate.
2. Won't it effectively devalue my BRO if someone were to hypothetically buy 500 BTC worth of BRO now at 6000 BRO/BTC rather than spread over the ICO (effectively negating the 2x early buyer incentive)?
3. With this schedule, while it may incentivize early buyers, once we get to the second half of the 30 days we're going to see crickets. I wouldn't be surprised if you change the schedule yet again once you realize this.
START (UTC) BITCOIN BLOCK BRO PER BTC
10/21 @1400 326308 6600
10/29 @0700 327468 6000
11/5 @0700 328476 5500
11/07 @700 328764 5000
11/9 @0700 329052 4500
11/11 @700 329340 4000
11/13 @7:00 329628 3500
11/15/ @7:00 329916 3000
Is this for real ? it went from 10 % for early investors to over 100%?
and u made this change mid ICO ?
I was going to invest for sure , now im going to have to pass it makes no sense to pay more then double near the end of the ICO.
We will be posting an announcement later in the evening around 7pm PST. At that time, we will be available for a Q and A. Thanks for your patience everyone.
OFFICIAL ANNOUNCEMENT:
Hello Breakout Community. We are proposing the following changes for your consideration.
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.