The Abyss Games Platform Aims to Launch First Token Sale with DAICO ‎Model

The Abyss, a developer of a crypto-based video games platform, is gearing up to hold its ‎token sale through the world’s first DAICO event, the new method for decentralized ‎fundraising that was recently proposed by the Ethereum creator.‎

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The team behind The Abyss aims to create a crypto reward ecosystem that allows gamers and ‎game developers to have a mutually beneficial cooperation. The project enables both sides ‎to earn from their efforts, with players being rewarded for playing games, while ‎developers will enjoy marketing benefits and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for in-game items.‎

During the crowdsale event, The Abyss will launch a native token called ‘ABYSS’ which ‎interacts within the platform and allows gamers to make in-game purchases. ABYSS will ‎facilitate an ecosystem that rewards and incentivizes users to create and play games. Within ‎the platform, users can spend and earn ABYSS in several ways, helping the community ‎grow through all stages of user behavior.‎

The Abyss aims to become the first decentralized platform that incorporates elements of ‎Decentralized Autonomous Organizations, or DAOs. The DAICO model was proposed last ‎week by Vitalik Buterin, the creator of the Ethereum Network, and is designed to ‎minimize the complexity and risk associated with ICOs.‎

The Russian-Canadian programmer says that the new model could greatly improve the ‎traditional structure of token sales and eliminate the risk of resources being used in an ‎inappropriate manner. DAICOs have the potential to revolutionize the way ‎ICOs work as investors will have complete control over their investment, empowering them to ‎continue or terminate the project at any stage to get a refund for their investment.‎

Abyss founder Konstantin Boyko-Romanovsky, commented: “DAICO provides ‎tangible solutions to the ever-changing security needs and puts transparency at the center of ‎innovation. We are confident in our capability to implement and improve Buterin's idea. Our ‎DAICO will be the perfect Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term between fundraising and team motivations control.”‎

‎“DAICO is a new mechanism, and there should be ways to further strengthen it while ‎maintaining flexibility, transparency and security. Oracles and exclusive voting rules will do ‎the job efficiently and reliably. Only project’s contributors will be granted a voting right. ‎Controlled by the Smart Contract, the Company’s and Reserve tokens will not be eligible to ‎participate with. We will utilize the proof-of-stake algorithm during the polls, but to make it ‎impossible for the exchanges to take part, the weight of each Ethereum-wallet's vote will be ‎limited by a certain amount of tokens,” added Boyko-Romanovsky. ‎