Onling gaming and eSports focused Breakout Coin started its second public crowd funding on July 10 at the cryptocurrency exchange Bittrex. 6.6 million Breakout Stake (BRX) are offered at a price of 1,500/BTC. After July 24, 2016 when the crowdfund ends, any unsold BRX will be destroyed by Bittrex before being added to the exchange for trading.
Breakout Coin ended its first public crowdsale on July 7, collecting a total of 851 bitcoins which is worth approximately $560,000 at current price levels. A total of 4,357,800 BRK were distributed, and a further 2,269,694 were ‘burned’ and permanently removed from the market.
Randy Kim, the co-founder of Breakout, commented about the first funding round: “We are very pleased with the results of this sale, and with the support that we received from both the cryptocurrency and gaming communities.”
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According to its promoters, BRK is part of the Breakout Chain blockchain for gaming, created by a team of gaming and cryptocurrency professionals. This includes lead developer James Stroud, PhD, a co-founder of CryptoCertify, a cryptocurrency auditing and certification company, Paul Kim, with 25 years of experience in IT, computer science and gaming, Randy Kim, a professional poker player with 20 years’ experience in Los Angeles casino management, and Gian Perroni, an iGaming executive with over 18 years of online gaming experience.