Quote from: JakeThePanda on October 30, 2014, 07:45:03 PM

Quote from: WeGotCactus on October 30, 2014, 07:32:45 PM

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)?

1) What are you talking about? They are temporarily closing the sale at 700 btc and they will open it back up again at a later date. They didn't say anything about the entire 10mm being sold for 700btc.

2) how would that devalue your BRO? You still own the same exact % of the total as you did before that investor bought 500 btc worth. It just means that somebody saw the value in such a low price and decided to snatch up as much as they can. It also means that your investment has maintained it's value and is possibly worth a lot more than you paid for it.

3) You could be correct.

1. Temporarily closing the sale? Where have they ever said that the ICO was more than 30 days?

https://www.evernote.com/shard/s5/sh/c8864ad6-fa63-4010-84a3-2ecf5120c914/57fc8856b73442762ec7e334af483ce5/deep/0/-ANN--BRO--Coin-Sale-LIVE!--Breakout-Coin-Virtual-Mining-Rig-CELEBRITIES-Gaming.png

Quote from: brother3 on October 03, 2014, 06:02:24 AM

To ensure fair distribution of BRO, the ICO will be pro rata basis, with incentive for early birds.
Please follow this link on our website for more details.

http://fundraiser.breakoutgaming.com/offering/

Quote from: ofortuna on October 06, 2014, 05:25:15 AM

Quote from: jackfruit on October 06, 2014, 02:06:30 AM

When does ICO end?

The ICO purchase window will be 3 weeks long. Once the purchase period starts, there will be a new countdown to the deadline.

Quote from: Arbex on October 07, 2014, 08:34:20 PM

Quote from: Mayhem007 on October 07, 2014, 10:15:23 AM

so if I buyin to the ICO on the first day, i get 10percent more than the next tier? Tongue

the early birds get their respective bonus % relative to the non-early birds in the second half. We won't know in advance when or where those decile cutoffs fall. We will find out at the end of the ICO, at which point everything can be calculated. Everyone gets a fair shot, with early birds earning a bonus.

Comparing two scenarios...

In the initial ICO, which was UNCAPPED, would have distributed the BRO evenly according to how much BTC was sent, given an ICO allotment of 4,500,000 BRO. As laid out, if they had raised 700 BTC and distributed BRO evenly (ignore the pro rata stuff for now), each person would get 4,500,000/700 = 6,428 BRO / BTC.

In the new ICO, which apparently is CAPPED and with PRE-SET prices, as laid out, they will probably end up distributing a total of 4000 BRO * 700 BTC = 2,800,000 BRO. They have said before that they will CLOSE the sale once 700 BTC is reached, and if 700 BTC is not reached, they will find a private party to make up the difference.

They have previously said that now the ICO is actually for 10,000,000 BRO now. When are the other 10,000,000-2,800,000 = 7,200,000 BRO sold? Have they changed the timeline of the ICO sale to go beyond the initial weeks?

What am I missing?