Gamers should check out The Abyss - A decentralized competitor to Steam with reward sharing [Worlds first DAICO!]
First what exactly is The Abyss?
By The original uploader was Yoruno at Italian Wikipedia [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
The Abyss appears to be a competitor to the Steam gaming platform (not Steem!). This competitor is built on Ethereum and in my opinion looks to be the first true killer app for Ethereum which leverages Ethereum's strengths. Cryptokitties showed us that Ethereum is an excellent gaming platform while we also know Ethereum is the best ICO platform. The Abyss seems to provide an ecosystem for creating crypto games, ARGs, MMOs and the like. For an overview watch this descriptive video.
The Abyss has a "motivational programs" layer and a "referral programs" layer
What makes Abyss unique is they will have both a motivational programs layer and a referral programs layer. The motivational programs layer seems to work in an actions to earn rewards model. The details of all of this can be found in their whitepaper. The referral program works down to 5 levels and rewards gamers and developers, best described by watching their video
Fully SEC compliant and first example of a DAICO
What stood out about this ICO is that it's fully SEC compliant. They went by the book and did all the required process to crowdfund by the letter of the law. The good news is they limit regulatory risks (if it's a security then they did it by the book). The bad news is they are doing KYC which means you have to be an accredited investor to participate in the ICO. The silver lining is you don't have to be accredited to participate in the referral program. It appears we can earn our way in by our effort and participation similar to how Steemit lets us earn our way in.
If you are a gamer or if this opportunity interests you
When you register you will have the option to request to be put on the whitelist. There is also a potential waiting list as this looks to be a big deal for an ICO being that it's the first ever DAICO based on the model put forth by Vitalik Buterin. Personally I did not expect the concept of DAICO to take off so quickly but the idea if the code actually works as intended could be a game changer. Do not take this post as investment advice and I would in fact not put a lot of money into the first iteration of a DAICO, but they appear to have done everything right including achieving full SEC compliance. I think this project has massive potential based on the marketing which is some of the best I've ever seen and based on the concept which targets a huge growing market (gaming is a big deal!).
Anyone who wants to take advantage of this opportunity can join by my invite.
Ahh this sounds really promising. I have been waiting for something like this. You know, a project that brings crpytos to gaming. I know there were already a few games like cryptokities, but it wasn't what I hopped for. I'll definitely join by the invitation and I'll keep an eye on this project :)
If you are interested in this area, please check out
https://worldofether.com/
It should be like cryptokiddies, but much better.
Thanks. Anything that involves games with cryptos is interesting to me! I'll check it out :)
Very interesting news, but I'm surprised after CryptoKitties actually shut down Ethereum that any gaming ICO would even look at Ethereum. But then again, maybe there have been changes that I'm not aware of. Thanks again for the info :)
Impressive idea, a hard working team and an executable plan for next jump. I evaluate this is low risk project and worth to invest. The project looks very appealing. I believe it will make a success!
What do you guys think of playkey? Its such a cool idea and it is to do with gaming using blockchain technology
Nice post @dana-edwards thanks for sharing
Interesting. I wonder how much work is required to become an accredited investor... It's probably easier to get involved the other way. It should be interesting to see where this one goes.
I've been a gamer since i can remember, so probably for 23 years, Steam changed my life, buying games without leaving my home, buying games at the summer sales, etc... This new Abyss thing looks quite promosing, i'll check it out! But from what i've seen Eth as scaling problems(even though they are trying to expand) if they build abyss on eth won't they be stuck with it? They should probably wait for EOS (if EOS actually delivers) and make Abyss with EOS as a base... but hey, i'm a little noobish regarding cryptos, i might be spitting out nonsense
seems exciting, upvoted
There are so mny platforms now built like Steem where people post , comment , to earn . I have joined a few but I realized they were not for me , nothing beats steem in my opinion, on top of that it’s free for everything !
It's not really a competitor to Steem but for Steam which is something else. In general it's a gaming platform, while Steemit is focused more in being a media platform. It will not compete with Steem any time soon because technically being on Ethereum it will have great difficulty scaling in my opinion. I do think it will compete with Steam though.
I think I’m the future there will be a lot of competition for Steem because it’s growing so fast and others want to compete against it . But I do like what ethereum is doing . With its crypto kitties and now this , I see it as well as a source of competition
What do you guys think of playkey? Its such a cool idea and it is to do with gaming using blockchain technology
Is there a game running yet, or just icos and some alphas? By game I don't mean trading stuff like CryptoKitties. Actual play time. Hopefully something reasonably similar to what we are accustomed to in a flash-game. Not those farmer ledgers that call themselves games.