The Abyss — The Next-Generation Game Platform
The Abyss it’s the world’s first DAICO and what a DAICO is, it is an innovative funding model for ICOs. Apparently suggested by Vitalik Buterin, the founder of ethereum and it merges some of the benefits of having a decentralized autonomous organization or DAO. Basically, makes the ICO more transparent and more secure. So, this is a mainly be a more advanced model of running an ICO, it will allow contributors to control the withdrawal of funds also provides an option for them to shut down the project if the team does not implement and they also implement Oracle’s or appoint Oracle’s which act as arbitrators on the network. So, this is very interesting, brand new concept and they claim they’re the world’s first but what is their project, what is their offering? well there’re a crypto rewards ecosystem for gamers and developers. Next-generation digital distribution platform that they say delivers all types of video games including triple a titles and other crypto games, massive multiplayer online games, everything like that and they’re going to rival steam Origin GOG etc. so this looks like a very interesting project.
So, gamers may well be familiar with the name destiny games that is who is behind the Abyss ICO and the Abyss intends to use cryptocurrencies in an ecosystem to achieve a transparency and immutability with a blockchain and basically give the users more features and more security more privacy and more incentivization to use the platform. The Abyss is going to allow you to use online games in the platform from your browser and also a game as well. There will be an option to get rewards and pay using a cryptocurrency obviously that’s what we’re interested for. So, none of the other platforms offer that and the other things that of benefit to the Abyss are an ability to unite in syndicates. You can earn more cryptocurrency, you can use the cryptocurrency to buy in game items which a few of the rivals do not provide. There’s also more motivation, there’s more incentive because obviously you can earn cryptocurrency from performing a multitude of tasks and we call that incentivization which you know the other platforms really without a blockchain, without a crypto, they can’t achieve. I guess that’s the main benefit of the Abyss but there are other features that they will be applying or implementing and you’ll have a wallet, obviously the token, it will be a crowdfunded venture which is interesting and they’re looking to launch ICO but you have more of a see and what happens than just a normal ICO so you will actually have some subsea in the direction of the company and obviously the team is relying on you backing them because if they fail to implement then the community can shut the project down.
When we talk about the problems they want to solve, first off is the lack of ideas for good games. There seems to be some stagnation within the industry about innovation and new ideas so they hope to solve that. Number two is high advertising expenditures for games in general, the cost of advertising is very high and therefore prohibitive. Number three, the cost of driving traffic to websites has increased, the reason for this is obviously the traffic is one of the biggest revenue raisers for advertising companies so the costs have increased dramatically over the last few years. Also, hand-in-hand with that there is decreasing effectiveness of the advertisements that we’re seeing as people just ignore them and don’t click on them so we’re not really reaching the people that we shoot with our advertising campaigns. Number five, another problem is current platforms do not interact with users or developers enough so you’re basically just you’re an outsider, you don’t feel part of the community and even if you are a part of the community you’re limited to posting on forums, commenting and you really have no high interaction with the platform. Number six, attracting players is often a problem for these gaming communities getting the players involved is an issue. Again, back to the advertising, it is expensive and many players don’t want to jump into a new game or into a new platform, getting them is difficult. When they do attract them the motivational schemes to get them to join are pretty limited. The people that refer them, the people that bring them they don’t get much reward. It’s very limited in scope and perhaps not worth it, not worth your effort to bring another gamers in. Number eight, there’s little or no incentive for the participation, you’re not getting rewarded enough to take part. Number nine, there is no contributor control over the ICO, you all know as with being a DAICO contributor will have some control they will participate more not only in the platform and the ecosystem itself on the blockchain but they will have some control over what happens post ICO and that goes hand in hand with promise of a reward if there’s no implementation so if the team destiny games doesn’t implement their best properly after the ICO then the contributors can actually pull the plug on the project and that’s quite important. So, that also tackles the problem of losing funds if an ICO doesn’t implement. We’re not really at that stage where we’ve seen many there are, there have been a few scams that have just disappeared overnight like exit scamming ICO but we’ve not really seen many that have failed to deliver on their promises and disappeared taking all the investors’ money with them but no doubt over time the amount of those particular projects that fail will increase as there are new projects coming out every day and not all of them are going to succeed and certainly not all of the investments will be wise one so that’s good that you have a little bit of control over what is going to happen to this project in the future.
So, the aims of the Abyss run by destiny games are to run fair ICO or a DAICO and to give another angle on the crowdfunding by ICO process and also a low more transparency and security with your potential investment. They are crypto rewards ecosystem so they’re basically a digital distribution platform on the blockchain that will deliver all types of video games including triple-a titles, all the best titles will be on and they will benefit the gamer and the developer as well. The gamer benefits will be first of all 5 level referral programs as are the developers benefits so everybody signs up to this multi-level referral program and this ensures that any of the people that sign up under you or with you, you earn rewards from them and they earn rewards from their referees as well. So, that’s the incentivization to join and participate in the platform. So, if you earn rewards, the guy above you in the tier will earn as well and if the people below you earn you earn, you don’t have to do anything as well so it’s in your interest to sign up for it even if you’re not a gamer or even if you don’t participate you can still earn the tokens so that’s the incentive. You can also as a gamer you can earn from in-game achievements, you can monetize any content that you create you can also auction off in-game items etc. there are more tokens you can also syndicate with other players to form groups and any rewards will obviously be paid out on tokens and the tokens are ethereum based. I think they are ERC20 and they can be withdrawn to your ethereum wallet as well so that is the incentivization of the ecosystem. The developers will also benefit, they will also be on this referral program. They can target and content generating audience at the start of the project. They can access the specialized game statistics and there will be support service for them. There is a convenient traffic rotation mechanism every game on the platform and there will be simple techniques for them to get internal and external traffic as well so benefits for everybody when they sign up to use this this system.
When we talk about the tech, they are currently developing the project new smart contract with the intent to present it to the public before the start of the token sale and the smart contract will be audited by several reputable independent agencies. You can also view the old smart contract at the GitHub address on the website. They will have a unified authentication so you’ll be able to connect to the platform securely using two-factor authentication and they’ll also be tracking IP addresses etc. There will be unified billing and dual-currency operations so you’ll be able to pay in FIAT and also in the tokens so that will attract more users even the ones that aren’t wanting to use the cryptocurrency so they’re not just limiting it. There will be customer support of course and there will be a transparent system for statistics and reporting so matrix will be compile, interpreted and the information will be available for you to look at. There will be a forum as well so if you’re a gamer and you enjoy chatting on the forums you can do that and also there will be an area for communicating between the developers and the contractors where they can resolve issues. You will also have as a developer, you have a personal account that you can access you’ll be able to personalize it and as a player you will have similar as well and especially if you’re playing the massively multiplayer online games which are a key focus for them at the Abyss.
Website: https://www.theabyss.com
Twitter: https://twitter.com/theabyss
Facebook: https://www.facebook.com/theabyss/
Telegram: https://telegram.theabyss.com/
Whitepaper: https://theabyss.docsend.com/view/nff9r2c
Bitcointalk ANN: https://bitcointalk.theabyss.com/
Authored by: donniedarko
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1720051