Breakout Coin, the gaming industry payment cryptocurrency, begins its public coinsale today at 10 am PDT / 1 pm EDT with a super-bonus of 25 percent for all purchases made in the first 60 minutes. Following that, the bonuses will continue at 15 percent for the first week, 10 percent for the second week, and 5 percent for third week of the sale, which will be hosted by the Bittrex cryptocurrency exchange.
A total of 6,627,494 Breakout Coins (BRK) will be offered for bitcoin at a base price of no lower than 0.00022222 BTC, which, along with a prior sale and tokens for incentivizing players and gaming sites, will bring the total number of BRK to ever be in existence to 19,500,000, according to co-founder Paul Kim.
Breakout Coin is part of the multicurrency blockchain – Breakout Chain – for gaming, created by a team of gaming and cryptocurrency experts, including lead developer James Stroud, PhD., a co-founder of CryptoCertify, the first cryptocurrency auditing and certification company; Randy Kim, a professional poker player with 20 years’ experience in Los Angeles casino management; Paul Kim, with 25 years of experience in IT, computer science and gaming; and Gian Perroni, an iGaming executive with over 18 years of online gaming experience. There is a full white paper depicting all the technical elements of the sophisticated Breakout Chain, Breakout Coin and its interconnected components.
Stroud commented: “Breakout Coin provides for seamless in-game payments anywhere in the world, while the blockchain technology behind it, Breakout Chain, uses smart contracts and sidechains to enforce these financial agreements between parties,”
Paul Kim noted: “The online gambling industry generates over $42 billion in worldwide revenue annually, with another $96 billion in the video gaming space, which is holding its annual E3 event in Los Angeles this week. Breakout Coin will be used to denominate many of our gaming properties, and will be accepted at all of them, including our soon-to-launch eSports platform and our full digital game download store.”
Breakout Coin is one of three cryptocurrencies that can be used in the Breakout Chain. The others are Breakout Stake (BRX), which BRK holders receive based on the size of the crowdsale and which earn staking interest. Miners who are responsible for the processing of BRK transactions also earn another type of token called SisterCoin (SIS).