Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BRO] Coin Sale LIVE! |Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming
by
JakeThePanda
on 30/10/2014, 19:45:03 UTC
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.