Abyss (ABYSS) is a digital distribution platform that aims to deliver a variety of video games, including AAA and crypto games, to the global gaming community. It features a unique system that combines motivational aspects and multilevel referral programs, allowing gamers to earn from in-game and social activities, as well as benefiting from other gamers' payments.
Abyss operates on the Ethereum blockchain and uses the ERC20 token standard. It utilises smart contracts for operations within its ecosystem, specifically for DeFi and CeFi solutions, staking, and masternode setups. Its platform supports a dual currency system that accommodates both fiat and ABYSS tokens, which can be used for transactions and to benefit from discounts on in-game purchases.
Potential use cases for Abyss include its application in the gaming industry as a platform for in-game transactions and rewards, as well as its role within NFT marketplaces where it facilitates the use of ABYSS tokens. It also supports financial activities within its ecosystem, such as staking and setting up masternodes, thus extending its use to both decentralized and centralized finance solutions.
Abyss was founded by Konstantin Boyko-Romanovsky, with the goal of establishing a decentralized gaming platform. It was notable for being among the first projects to implement the DAICO system, which integrates aspects of DAOs with ICOs to protect investor interests. The token sale occurred between April 18, 2018, and May 16, 2018. Since its launch, Abyss has evolved to offer additional features like DeFi and CeFi solutions, remaining a key player in the intersection of gaming and blockchain technology.