BreakoutCoin's first round of crowdfunding raised 851 bitcoins

BreakoutCoin is the world's first payment system that supports multiple currencies, including three currencies: Breakout Coin (BRK), Breakout Stake (BRX) and Sister Coin (SIS), each with its own characteristics. It provides a blockchain-based online gaming platform, created by cryptocurrency experts and gaming experts. The first round of BRK crowdfunding has been completed on the Bittrex exchange, and the second round of BRX has also begun.

Translation: Annie_Xu

On July 8, BreakoutCoin announced the end of crowdfunding, raising a total of $557,000. During the period, a total of 4,357,800 BRK (Breakout Coin tokens) were sold, and another 2,269,694 BRKs were destroyed and permanently withdrawn from the market. With the end of crowdfunding, BRK began to be sold on the Bittrex exchange.

Randy Kim

“We are delighted with the crowdfunding results and grateful for the support from the cryptocurrency and gaming communities,” said Breakout co-founder Randy Kim.

Launch a new round of crowdfunding

At the same time, the company announced that it would hold a second round of crowdfunding on the Bittrex exchange at 5:00 pm PDT on Sunday, July 10, issuing 6.6 million BRX (Breakout Shares) at a price of 1,500 BTC each. BRX will be traded on the Bittrex exchange once the crowdfunding ends; before that, the exchange will destroy all unsold BRX. The crowdfunding ends at 8:00 pm PDT on Sunday, July 24, 2016, and a 10% bonus will be given to early buyers in the first three hours.

Both BRK and BRX are part of Breakout Chain, a blockchain for gaming, created by a team of experts in gaming and cryptocurrency; lead developer Dr. James Stroud; Paul Kim, co-founder of CryptoCertiy, the first cryptocurrency audit and verification company, who has 25 years of experience in IT, computer science and gaming; Randy Kim, a poker player with more than 20 years of experience in Los Angeles casino management; and Gian Perroni, an iGaming executive with 18 years of experience in online gaming.

BRX is one of the three cryptocurrencies allowed in Breakout Chain, along with BRK, which is already traded on the Bittrex exchange, and the SisterCoin currency (SIS) that miners responsible for processing BRK transactions can earn.