Breakout Coin, the gaming industry payment coin, commenced its public coinsale around 15 cents on Monday and sold more than $172,000 (249 BTC) in the first hour alone. The sale is being hosted by the leading cryptocurrency exchange Bittrex.



A super-bonus of 25% was offered for all purchases made in the first 60 minutes. The bonuses will continue at 15% for the first week, 10% for the second week, and 5% for third week of the sale.



A total of 6,627,494 Breakout Coins (BRK) is being offered for bitcoin at a base price of no lower than 0.00022222 BTC (about 14.4 cents at current bitcoin exchange rates), 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. The full terms for the Breakout Crowdfunding campaign are available here.



"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," added Paul Kim. "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 part of the Breakout Chain blockchain for gaming, created by a diverse team consisting 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.



The full white paper describing all the technical elements of Breakout Chain, Breakout Coin and its interconnected components is available at http://bit.ly/25SjGtY.



"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," stated Stroud.



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). BRK, BRX and SIS work together to power Breakout Chain, the industry’s first multicurrency blockchain for gaming industry payments and rewards.