Breakoutgaming offering starts today:
Breakout Gaming | Fundraiser | Offering
This is when the game theory stars to get interesting I think. Some decent and well placed names involved it seems.As an incentive, early buyers will be rewarded with additional BRO on a sliding scale. The incentive model will be as follows:
The bonus for being in the first decile (10%) of BTC received is an additional 10% BRO. The second decile of BTC received will get a bonus 8%. 3rd decile – 6%, 4th decile – 4%, and 5th decile – 2%.
Buyers in the second half of the funds raised will get their respective portions pro-rata.
Determining which 10 percentile each BTC purchase falls into will be done as follows. All BRO purchases will be time stamped when the BTC is sent. The decile cut-off points cannot be finalized until the purchase window closes and all BTC have been sent.
At that point, the total BTC will be divided by 10 to determine each decile bin size. Starting with the first BTC sent and progressing chronologically up through the BTC deposits until the cumulative subtotal equals and/or exceeds the first 10% threshold, these will be in the “10% incentive” category. The next chronologically received BTC payment on up through the BTC payment equaling and/or exceeding the first 20% of the total will be in the 2nd incentive group for 8%, and so forth until the 50th percentile. All payments in the latter half will have the straight conversion rate, without an incentive add-on. Any payment that happens to overlap deciles will be apportioned to its respective decile incentive levels. This table presents it visually.
Remember that no participant will know exactly how much BRO they have received until after the Coin Sale is over. We are distributing 5.5 million BRO proportionally to all participants based on how much BTC they provided, after allotment of bonuses.
Comments
id rather be the guys selling the bro coins, lol a lot less risk maybe? maybe i dont quite "get it" but i dont trust people in general lol.
Its interesting though because its kind of another form of gambling, that is, purchasing the shares. It might even be more legal than traditional forms of investing or gambling (or less).
I have seen much dialog with David Gzesh and he generally seems like a well placed and knowledgeable figure on the poker side of things and is a supporter and advocate of the digital asset side of things...
I'm watching this lecture right now:
https://www.youtube.com/watch?v=qcfhzcF6RcE
It's a terrible name :-\
Scammers gonna scam. Suckers born every minute...
Much rather invest in Gabbbbbboogalllllloo...>:D
But I knew Gzesh is connected and hadn't really looked into him. After seeing a few interviews he is a great asset for that project, and I have to feel one of the leading industry "insiders" (at least from the legal perspective), and seems to have a sincere interest in growing the game legally but with integrity.
Obv I couldn't (nor wouldn't) suggest actually "investing" in something like this, especially not anything significant. But it is interesting the options it gives the players in owning a piece of the game or gambling on their favorite players that might be owners of or connected to certain new sites like this.
(I did buy some, it took seconds to purchase and about 20 mins for the "confirmation")