ICO review of The Abyss (ABYSS): valuation, analysis, token cost | Digital Rating Agency
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This project doesn't have a level of investment attractiveness
No
Rating
High
Quality Rate
No detailed scores
ICO
now
Start: 16/04/2018
End: 16/05/2018

The Abyss

About

The Abyss is a next-generation digital distribution platform with a strong accent on F2P browser and client MMO games, as well as cryptogames. The platform offers a motivational and multilevel referral system, allowing players to earn from game and social activities and also from other gamers' payments. Developers, in turn, can reduce marketing expenses and earn even from their referral gamers who have already left for another game on the platform.

Rate history

The DigRate has assigned Quality Rate High to The Abyss project. The Abyss is a decentralized digital distribution platform, where developers are to be able to cut marketing costs, exchange traffic, and gain access to additional services. Players can play their favorite games and earn by participating in referral and motivational programs, auctioning game items, creating game content, and other social activities. The team has created a detailed model that clearly explains the platform’s internal processes. However, the success of the project largely hinges on a well-constructed marketing campaign. The issuance of tokens is limited, as the volume directly depends on the amount of funds collected during the ICO. Information on passing the Howey Test is absent. In the opinion of DigRate, ecosystem participants have a clear motivation for owning ABYSS tokens, as discounts are provided at the expense of the platform when payments are made in tokens (in contrast to fiat payments). This makes using ABYSS tokens more profitable than using fiat currency, and creates stable demand for the tokens. As a defensive mechanism against token devaluation, the company plans to burn one third of its commissions through a smart contract, which should reduce the number of tokens in circulation. The company’s legal structure is transparent. The project’s website also presents all of the following documents: Privacy Policy, Terms & Conditions, Token Pre-Sale Agreement, Token Sale Agreement, according to which ICO participants agree to provide information for KYC procedures under the project’s AML policy. The project developers have published a smart contract code on GitHub, but has done little to develop the project source code at of the time of this publication. The project team has also presented the results of an independent audit of the smart contract. When this review was drafted, the team had not disclosed the members of the advisory board. There is also no detailed financial plan or information on VC investments. However, the project team has sufficient experience in the gaming industry and the ability to implement its business model. Pros and cons of the project, can be found in our review.
Token
The Abyss

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Review
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any of the assets or take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating assessments from Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is the official site www.digrate.com
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com