Coin Sale LIVE on Bittrex

Coin Sale

Brought to you by Breakout Services, Limitada

Below are the full terms for the Breakout Crowdfunding campaign. These conditions will not change during the crowdfunding period.

Bittrex will host 6,547,761 Breakout Stake (BRX). The Breakout Stake price will be 1500/BTC. If all 6,547,761 BRX are not sold at this price, the unsold Breakout Stake will be provably destroyed by Bittrex.

All sold BRX coins will be distributed to purchasers and a BTC-BRX market pairing opened by Bittrex for trading shortly after the sale ends.

Early buyer incentives of a 10% bonus will last for 3 hours, from July 10, 2016 5:00 PM PDT until 8 pm PDT. After this initial three hour window, no early buyer bonus will be applicable.

The crowdfund will last for approximately 14 days beginning July 10, 2016 5:00 PM PDT (08:00 PM EDT) and run until July 24, 2016 08:00 PM PDT (11:00 PM EDT). Trading fees are not refunded under any circumstances.

Distribution

Breakout Coin and Breakout Stake

Breakout Coin and Breakout Stake will be distributed according to the following table:

Distribution

The 7.0 M Breakout Coin marketing fund will be available for loans to third party businesses at 0.5% interest, with repayment starting after one year. Loan disbursements will be spread over several years, deferred using CHECKLOCKTIMEVERIFY. Loans, including interest and repayment, are denominated in BRK. Coins from the marketing fund that are not under loan or in the marketing escrow will be held in multi-signature escrow until they are included in a loan. Loans will carry usage conditions meant to encourage adoption of BRK and growth of the BRK economy. The favorable repayment plans are meant to give startups and businesses that support Breakout Coin opportunity for success.

– 3,372,506 BRK & BRX First Coin Sale (Complete)
– 4,357,822.10328 BRK Second Coin Sale (Complete)
–2,269,671.89672 BRK Burnt (TxID c97e8620bd318216659a7409498e35a3d588915e072092c0576e0441556f5127)
– 6,547,761 BRX Third Sale at Bittrex (July 10, 2016)
– 2.5 Million BRK & BRX Marketing Pros, Investors, Founders, Developers, etc.
– 7.0 Million BRK Marketing Fund, Made Available to Third Parties
as Low Interest Loans

First and Second Coin Sales (complete)

The first coin sale represented 3,372,506 BRK & BRX, and was conducted between 10/21/2014 and 11/21/2014. A breakdown of the coinsale by purchaser’s Breakout Chain address can be found at https://chain.breakoutcoin.com/balances/. This breakdown does not include private sales and early buyer bonuses.

In a second coin sale that ran approximately 25 days beginning June 13, 2016 10:00 AM PDT (01:00 PM EDT) and running until July 7, 2016 07:00 PM PDT (10:00 PM EDT), Breakout Services, Limitada, offered 6,627,494 Breakout Coin. This sale was hosted by the Bittrex exchange, one of the largest and most reputable cryptocurrency exchanges in the USA. In this sale, 4,357,822.10328 BRK was sold, leaving 2,269,671.89672 BRK unsold. The unsold BRK was burnt in Breakout Coin transaction c97e8620bd318216659a7409498e35a3d588915e072092c0576e0441556f5127.

Second Coin Sale

In a third coin sale, Bittrex will host 6,547,761 Breakout Stake (BRX). The sale will run from July 10, 2016 5:00 PM PDT (08:00 PM EDT) to July 24, 2016 08:00 PM PDT. The Breakout Stake price will be 1500/BTC. If all 6,547,761 BRX are not sold at this price, the unsold Breakout Stake will be provably destroyed by Bittrex.

All sold BRX coins will be distributed to purchasers and a BTC-BRX market pairing opened by Bittrex for trading shortly after the sale ends.

Early buyer incentives of a 10% bonus will last for 3 hours, from July 10, 2016 5:00 PM PDT until 8 pm PDT. After this initial three hour window, no early buyer bonus will be applicable.

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