Breakout is a new type of digital currency associated with online gaming. This payment system is different in the sense that it supports multiple currencies that have different properties. The individual properties of every currency on the system can decide the manner in which these currencies can be used. The main currency is Breakout Coin. Mining of the Sister Coin is done through Proof-of-Work (PoW). Staking of Breakout Stake is powered by Proof-of-Stake (PoS). Here, the capacity to earn interest is independent of the principal. It is also the first ever system in blockchain technology that produces different types of coins using different systems.
At the heart of the Breakout platform is the currency Breakout Coin represented by the symbol BRK. They have held a specific amount of BRK coins to promote Breakout Coin. They also disburse loan which comes with strict clauses that do not allow loan recipients to sell coins on any exchanges. Instead, the loans can be used for incentives or for gaining award points. All loans come with an interest component that’s payable to the coin company. The borrower can be a net buyer and trade in the currency market. There are no penalties imposed if the price of the BRK coins shoots up sharply during the repayment period.
A key aspect of the payment system using the Breakout Chain is that it is highly transparent. Anyone can audit the transactions processed by the system at any stage. Advanced, groundbreaking technological safeguards are utilized to make sure that transactions are balanced and no misuse of money ever takes place by manipulating the system. It is a currency system that’s highly advanced and technologically superior as it can support multiple currencies, even those with varying properties. The three currencies used on the system are Sister Coin, Breakout Stake, and Breakout Coin.
The developers aim to put around 19 million coins into circulation when the Breakout Chain payment system goes live. Of these, 10 million coins will be distributed to those who worked towards making the crowd sales a reality. With Breakout Coin, very small transactions are also possible. The transactions entail a small fee to be paid by the sender. It goes to the individuals who validate the transactions and support the network.
The BRK coins in circulation at present are 18,142,083. The market cap of BRK is $8,139,536 and it trades at $0.448655.
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