The Abyss is a next-generation digital distribution platform with the vision to create a crypto reward ecosystem for millions of gamers and developers. January 11, 2018 — The Abyss, the next generation digital distribution game platform, today announced the intent to launch a pioneering DAICO, a reinforced version of ICO merged with aspects of Decentralized […]
The Abyss is a next-generation digital distribution platform with the vision to create a crypto reward ecosystem for millions of gamers and developers.
January 11, 2018 — The Abyss, the next generation digital distribution game platform, today announced the intent to launch a pioneering DAICO, a reinforced version of ICO merged with aspects of Decentralized Autonomous Organisation (DAO). The DAICO fundraising model was proposed by Vitalik Buterin, co-founder of Ethereum, earlier this month as a more responsible way to conduct initial coin offerings. The Abyss DAICO is scheduled on February 7, 2018.
Founder of The Abyss platform, Konstantin Boyko-Romanovsky said, “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 between fundraising and team motivations control.”
The DAICO model will allow for refunds and raised funds withdrawal control by contributors. By design, DAICO minimizes the risk of fraud, specifies contribution and resolution rules, provides an option to shut the project down (in case the team fails to implement it), and excludes various kinds of attacks on the voting process.
In turn, The Abyss offers …
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