Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BRO] Breakout Coin Genesis Sale | Proof-of-Bergstake | Poker | Fantasy
by
jibble
on 17/11/2014, 23:41:44 UTC
As I said before, the remainder of unsold BRO, should either be:

1. Offered through 4-5 day coin sale on BTER or BITTREX, (even without Bergstake)
OR
2. Destroyed and removed from the Max Supply of 19.5M


Especially without Bergstake if the coins are sold in such a way that the sale price would be less than any first-phase ICO price (less than 3000 BRO/BTC).



Even if you take into account all coins bought currently are at the value of 6600 (which they are clearly not) that gives investors around a max of 2 million coins , now cos everyone didn't buy at the 6600 rate it would be even less than 2 million at current, if they destroyed or kept the berg stake , it would give them more than a 50-60% hold on all earnings from berg stake if they are getting the 2.5 million berg with their 2.5 million coins

It is true that breakout was following directions from a majority of people in this thread, but the step down investment plan has left original investors worse off than what was originally put forward as an idea, of 10 million divided by investors according to the amount they invested.

Now after that there might even be a chance that the dev's will now own more than 50% of the future earning potential of the coin instead of around 20%. it might not go down too well with some of the investors

Agreed, destroying the unsold 8M is NOT an option since the Devs share of 2.5M will then account for more than 50% of Bergstake power.

Unless there's a way to distribute the Bergstake through a coin sale hosted by an exchange, the unsold 8M should be distributed to investors in the current ICO, according to the amount they invested.

After all, people still have another couple of days to invest and claim their Bergstake power.

Announcing that the berg stake will be entirely shared among the investors in the IPO phase would increase value to holders and give added value to people even buying in now, getting 3000 coins and a share of the total bergstake like it was going to be like before would give people a better reason to buy in now