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Ratings The Abyss (DAICO)

Crypto Reward Ecosystem for Gamers & Developers

The Abyss is the first platform for online video games with unique revenue sharing system. Part of our income generated by the sale of games and services is distributed between gamers and developers in the form of rewards for various activities available on the platform. Gamers can play games, socialize and earn from an advanced referral program and gaming achievements scattered across numerous game projects. Developers will find a new channel for distribution on The Abyss, with a smooth integration and customer benefits, from marketing support to an additional income generated by the referral network.

4.0
31 30 expert ratings
Benchy 4.6
KYC
Experts
3.9
4.1
3.8
Review: coming soon PRO
~$15,362,418
value of tokens sold in ICO

Ended
Token
ABYSS
Type
Price in ICO
0.1100 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
China
ICO start
18th Apr 2018
ICO end
16th May 2018
Visit ICO website
Report

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
Blockchain Enthusiast and Advisor
Rated on Feb 2, 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Nikitin

Rated on Apr 21, 2018
4
5
4
3%
This rating's weight is reduced by 50% as there is no review added.
Hung Chih (Jason Hung)
Cofounder of International Consensus Association | Investor Relation | China Market
Rated on Apr 16, 2018
4
5
4
6%

Good idea, but reward and referral model should be keep flexible and adapt to regulation at each country. Some of country not allow MLM, some disallow more than 3 level.

+3Agree
+2
-1Disagree
Report
Nathan Christian
Blockchain Technology Consultant
Rated on Dec 25, 2017
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Ian Scarffe
Blockchain Consultant, ICO, IEO, STO Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on Feb 7, 2018
4
5
5
3%
This rating's weight is reduced by 50% as there is no review added.
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Feb 15, 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Luca Cotta
Icodriver...expert launching ICOs, ICO Influencer, IT expert.
Rated on Mar 22, 2018
3
2
3
6%

pros:
• DAICO Model - A more transparent and secure ICO model using smart contracts. Most notably, it allows for token holders to vote to return investment funds if development team fails to implement the project.
Red Flags
• Discrepancies in Project Team - The website fails to list two team members stated in the whitepaper (dated as Feb 2018). Either this indicates that the project team is unclear/disorganized or that core members of the project team have exited the project prior to the ICO.
• Lack of Qualifications - The company associated with the project, Destiny Games, currently hosts 6 games in their projects section. Some games are popular and have overall positive reviews, but language support is limited to Russian in most cases. The companies current portfolio would suggest that creating a distribution platform with international exposure is beyond the team's current capability.
• High Revenue Split - The Abyss proposes a 30-70 percent revenue split, with game developers keeping 70% of the sales revenue for games they choose to list on their platform. Other distribution platforms such as STEAM and GOG Galaxy take the same 30% cut, yet offer much more exposure and accessibility. Developers' may lack incentive to choose The Abyss over these larger distributors.
• Public Github has the Token sale contracts only. No evidence of Development.
• Fiat can be used on the platform rendering the token practically useless.
• Multi Level Refferals (5 Levels) for Users & Developers on their network. This is a practice close to MLM schemes.

+9Agree
+7
-2Disagree
Report
Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Apr 10, 2018
5
5
4
5%

a fantastically experienced team with 10 years of experience in the development and publishing of MMO games.

+1Agree
-1
-2Disagree
Report
Aly Madhavji
Award-Winning Author | Angel Investor | STO and ICO Advisor | UN Consultant | INSEAD MBA |BitBlock Capital, Fiat Capital Fund |
Rated on Apr 17, 2018
3
4
4
5%

Needs to build up credentials to execute on this and ensure it complies with legislation in each jurisdiction.

Agree
-1
-1Disagree
Report
David Drake
Managing Partner
Rated on Apr 8, 2018
4
4
4
3%
This rating's weight is reduced by 50% as there is no review added.
Vlad Skakun
Co-Founder and CFO at CryptoDiffer | Investor| Marketing Specialist| Senior Analyst at Venture Fund
Rated on Apr 6, 2018
3
1
2
4%

The Verdict of Midgard Research
=====================
Our score is 4 out of 10
=====================
The long term grade is Low – The game industry, especially that part involved in projects that with reward programs, don’t perform very well in this market. The industry is saturated. Tokenomics are pure. Since they don’t have a prototype, yet, we are not sure that they can present one before their ICO.
=====================
Read the full report here:
https://cryptodiffer.com/the-abyss-ico-analysis-by-midgard-ventures/?utm_source=icobench

+8Agree
+7
-1Disagree
Report
Irina Nikitina
Lawyer
Rated on Apr 17, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Dmitry Machikhin
IT entrepreneur and investor
Rated on Feb 1, 2018
5
5
3
2%
This rating's weight is reduced by 50% as there is no review added.
Bobby (Borislav) Iliev
ICO Expert & Advisor | Business Development Consultant | Marketing Strategist
Rated on Mar 26, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Apr 7, 2018
5
4
4
4%

First things first: thank you for a human readable WP, I did actually enjoy reading a solid black text over the white background. It was a breath of fresh air after lots and lots of crazy painted WPs.

Jokes aside, this is a great project built by an experienced team. They, as it seems, have a solid background in the field and they have a good understanding of the particular market niche.

I can't properly evaluate the game technology part, yet Destiny.Games is a very well known name and therefore I assume this aspect is well taken care of.

In regard of the ICO, token distribution and token economics I have all the standard concerns every pro ICO investor has, and some extra since the DAICO is involved: what is the early token value preservation and gain mechanics; how the liquidity will be guaranteed; how will the poll process be made time-adequate and fair; etc.

Yet that is great, that I have these questions, rather than very basic ones, which are usually addressed to ICOs these days! I do really wish you and you investors luck and best results possible. WP, projections and essential information disclosure can use some polishing, but the project is very strong all in all.

+4Agree
+2
-2Disagree
Report
Bas Geelen
ICO Analyst, Advisor & Investor
Rated on Apr 11, 2018
3
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Graham Doggart
Strategic Advisor, Founder of AuBit
Rated on May 11, 2018
4
4
4
4%

Good looking project.

+1Agree
+1
Disagree
Report
VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on Mar 6, 2018
3
5
3
4%

Love the vision here. E-gaming is booming into a massive industry, so i the vision here is great. Not sure this is the right team or project that can execute. Also, a lot of the roadmap developments listed to occur after the DAICO, should actually occur before the fact. A lot of hype on this project as it's the first DAICO (infamously mentioned by Vitalik as the ICO 2.0). i wish there were stronger gaming partnerships in play

Agree
-2
-2Disagree
Report
Simon Waddington
Software engineer and advisor
Rated on Apr 20, 2018
3
3
3
4%

There was a time when I would have given a project like this at 4 for vision, but that was a year ago when the early entries in space were ICO-ing. Now The Abyss enters a crowded space and AFAIK none of the predecessors have succeeded in making a mark.

The problem is that the big gaming platforms and markets don't really have a vested interest in adopting someone else's technology to support intragame payments, trading, and rewards. There is a very long road to go before the big guys would open that door to a newcomer - more likely they will create their own coin/currency/platform before the adopt anyone else's.

So far The Abyss has a very glitzy website and a prototype which I've not tried because I really don't go downloading 3rd party software relating to crypto these days. It is hard to tell from videos what if anything is real yet.

A further threat to them is that Apple and Google are seemingly on a path to eliminate anything crypto related from their app-stores. They say this is to protect users - which is probably at least partially true. But really, they also don't want the competition for in-app and in-game payments which are huge revenue streams for them. So, good luck with that in the mobile world.

But this was and apparently still is a wide open field so someone to excel so I wish them all the best. Someone, somewhere has to crack this nut.

Agree
-1
-1Disagree
Report
Oliver Isaacs
Blockchain Investor, Influencer
Rated on May 14, 2018
5
5
5
3%

Strong and experienced team, solid business model and revenue potential and - Its the world's first DAICO. In addition - existing product with millions of users and solid partnerships in place.

Agree
-1
-1Disagree
Report
Ricardas Bernotavicius
ICO expert. Investor. Founder at IUNGO.Network and few other companies in MedTech and IoT sector.
Rated on Mar 9, 2018
5
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Stas Sokolovsky
International lawyer, L.L.M.
Rated on May 11, 2018
5
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Vladyslav Antonov
Entrepreneur, Investor, ICO Analyst
Rated on Feb 27, 2018
5
5
5
3%

- Its the first "DAICO" ICO;

- Has serious competitive advantage in compare with traditional, non-blockchain companies;

- Project has multi-level marketing referral system and 25% bonus sale during the first 24 hours;

- Its telegram group has over 28 thousand people, it was mentioned in various blockchain media outlets like Coindesk;

- It has large and experienced team with great track of performance;

- Good business model and transparent system which can compete with companies like Valve (STEAM);

- Project received good marketing hype due to DAICO;

+2Agree
+1
-1Disagree
Report
Maja Voje
CMO at OriginTrail, First Purpose-built Protocol for Supply Chains Based on Blockchain (22.5 mm raised)
Rated on Apr 17, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Reinhard Berger
CEO Pecunio Blockchain Technologies
Rated on Feb 24, 2018
4
4
3
3%

interesting project. very high hard cap though..

+1Agree
+1
Disagree
Report
Jiří Fiala
Naeemur Rahman
Rated on Mar 8, 2018
3
3
3
1%
This rating's weight is reduced by 50% as there is no review added.
Farabi Shayor
Marketing Professional | Research Experience Lead | Cryptocurrency Specialist
Rated on Mar 11, 2018
3
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Murat Ornek
Engineer, Visioner , Investor , Advisor
Rated on Feb 20, 2018
4
5
4
2%

Many decentralized Gaming & App platforms already in the market however the only way to reach widespread adoption is referral system .

This business model will work like clockwork orange since it is based on a correct business model.

Congratulations

+1Agree
0
-1Disagree
Report
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Mar 8, 2018
4
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Christian Ferri
ICO Advisor to 25+ ICOs, former PwC Lead, Ivy League MBA
Rated on Apr 18, 2018
4
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
4.6
13%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Vladimir Kurochkin
Passed
Konstantin Boyko-Romanovsky
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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