The Abyss: Next-Generation Digital Distribution Platform
This blog was originally published on my website, TechBlogChain.net
Video game entered mainstream popularity in the 1970s and 1980s when video arcade games and gaming consoles were introduced to the general public. Since then, video games become a popular form and entertainment and become a modern culture for the most part of the world. I was born in the early 90s' and I started experienced playing video games in arcades with coin-operated machines at the age of six, smashing the buttons hard whenever I feel the sensational gaming pleasure or losing a particular game round. As the time goes, playing games become more develop and widespread throughout various forms of machines and players' demographics. The triple-A game developers and game distribution giants are raking billions of revenue annually, making it one of the biggest business industry. Market researcher SuperData Research reported that $93 billion is generated from games worldwide in 2016 and still increasing with the addition of new categories such as eSports and Virtual Reality. Digital distributions platform like Steam and Origin are generating billions of earnings annually. This success in gaming distribution giants makes it harder for independent game developers to compete and rise in wider audiences. Despite the increased revenues and earnings, the players still lack the benefit of getting more rewarding environment or ecosystem. Today is possibly the best time for a new gaming environment where blockchain technology is at its peak, disrupting almost all industry. With the integration of blockchain into modern digital distribution platform, the users/players and independent game developers can now programmatically and schematically included to have a better role and elevated benefits within a gaming ecosystem. Enter "The Abyss Platform".
What is The Abyss Platform?
The Abyss aims to develop a next-generation digital distribution platform, delivering all types of video games from Free2Play MMO, crypto games, including Triple-A titles to a fast-growing global game community. It also features a motivational a referral system, where a user can have monetary benefits from your friend's (or referrals) in-game and social activities and other payments as well. In the platform, the developers can also have more benefits, such as reduced marketing expenditures and also monetary benefits from their referral as well.
Understand how the Abyss Platform platform works with this simple video explainer from Vimeo.
You might be curious on how this platform aims to integrate blockchain into digital distribution platform. Take your time to read their whitepaper, smart paper or one-pager.
What do I like the most about The Abyss?
I'm deeply enthusiastic about how blockchain technology penetrating every industry we could think of. In the digital distribution segment, integrating blockchain in it establishes a fairer and secured ecosystem for developers and gamers. The Abyss platform is one of the pioneers in making a modern digital distribution a better gaming environment for most audiences and creators. Here are the key concepts I do like about Abyss platform.
DAICO. I am pretty sure you've heard about ICO already, and how can this monetarily powers a small idea into a useful platform or kickstart startup and how it could destroy or betray investors, backers and contributors pockets and savings. Well, DAICO was proposed by Vitalk Buterin, the co-founder of Ethereum Network, to avoid these increasingly unacceptable scam projects running away with all your precious ether or money. DAICO stands for Decentralized Autonomous Initial Coin Offering, it's an ICO that merges with the benefit of DAO. Investors, backers or contributors can have a voting power on how the funds will be released and spent as per the development of the platform. Sounds like democracy. This responsible way of carrying out an ICO is adapted by The Abyss to their token sale. Increasing investors protection. Plus they secured a US SEC Regulation D, for US-based investors.
Referral System. This might sound Ponzi scheme for those people that used to engage platforms that have an unsustainable form of business. But no, this is viral growth scheme integrated into the platform to reward people with efforts for encouraging their friends and family to play or use the platform. It's unfair if people don't get rewarded for their efforts. And the Abyss eliminates that unfairness and rewards users with their effort with abyss tokens.
Token Economics. This is my favorite part, what if I am just an investor wanted to support the funding of the project. Do I get benefits of holding the tokens even if I don't use the platform that much? Yes, by token burning, a third of platform's commision from internal CPA Network and auctioned transaction, will be dusted and erased from circulations. Although the token is mainly designed to fuel the platform economics by giving incentives to almost all actions being done on the platform like purchasing games, ads network, creating digital content, referring a friend.
Strong Team. This platform isn't comprised of newbies in the industry, they are filled with tech and gaming expert, mostly comprising of professionals from Destiny Games, a company with a decade of existence in the gaming industry.
The first phase of the platform is estimated to roll out in the first quarter of 2019. The realization of the new digital distribution platform is still a long road, as they just begun their token sale as of April 18 with a hard cap set at 34K ether and 300k BNB tokens. With a massive interest from gaming and crypto community is continuously flocking the platform ongoing token sale, we can both agree that the platform is one of the most anticipated blockchain based projects of the year.
You can sign up on their website, read publications on Medium and Bitcointalk, join their community chat on Telegram or Discord subscribe on their Reddit thread, like them on Facebook and follow them on Twitter to get a timely update from the team, developments, news and token sale.
Notes from the author:
The contents of this blog is an opinion, commentary, and informational purposes only, and should not be considered financial advice. I am an independent blogger, not a financial advisor. Investing in blockchain projects and cryptocurrency is risky. I am not held liable or responsible for any loss or damage you may suffer for trading or investing to blockchain projects and cryptocurrency. Please conduct your own due diligence before investing in ICO, ITO and blockchain projects.
Additional Info from the author:
My Bitcointalk username is "normensky012"