Abyss Finance: Cutting Edge Blockchain Financial Solutions
Abyss Finance is a first-of-its-kind platform that offers Decentralized (DeFi) and Centralized (CeFi) Finance solutions for projects in multiple industries. Abyss Finance ecosystem is quite diverse and encompasses a Video Game platform (theabyss.com), and staking services where DeFi users can set up and run validator nodes and masternodes.
Of particular interest is the gaming platform, which was designed to focus on distributing all types of video games from free-to-play browser-based games to client MMO/MMORPG games. The Abyss gaming platform is quite different from other blockchain-based gaming platforms. It offers motivational programs for gamers and multilevel referral options for both gamers and developers. As such, the gaming platform helps cut down on developers' marketing expenses allowing them to earn extra income by making referral payments in other games on the platform.
Abyss Finance is also set to introduce other products, notably the Abyss Eth2 Depositor, facilitating multiple deposits to the Eth2 Deposit contract in one batch. Read on to find more about the innovative multisystem platform as well as the upcoming products.
Abyss Finance Overview
Abyss Finance is a suite of decentralized and centralized blockchain financial solutions designed for different sectors. The platform currently consists of a video game platform, the DAICO smart contract that can be used for decentralized Initial Coin Offerings and a hosting service that allows defi token holders to host their Ethereum 2.0 validators nodes for free. The platform is powered by an ERC20 token Abyss (ABYSS) with a current market cap of $13,602,216. Below is a detailed look at each of the Abyss Finance products.
**The Video Game Platform
**he Abyss gaming platform is the first game platform that shares its revenue with gamers. It provides an ideal ecosystem for gamers to interact by playing games, socialize, and get rewarded in return. The platform offers MMO/MMORPG games and shares part of the revenue with gamers. Currently, there are 65 listed games on The Abyss gaming platform with the number of active gamers recently surpassing 1000.
Apart from gamers, developers also earn returns on the gaming platform from referral payments made from other games on the platform. Considering that developers spend lots of funds to attract players to use their games on different platforms, The Abyss reduces marketing expenses and enables developers to earn extra income by making referral payments in other games on the platform. All motivational and referral programs are paid in the form of Abyss tokens.
The Abyss gaming platform is available on Desktop (Windows, MacOS, Linux), Mobile (iOS and Android) as well as Web.
Features of The Abyss Gaming Platform
Powerful Multi Level Referral Program
The gaming platform offers a multilevel referral program where developers will bring the users and get paid for it in the form of tokens. In essence, a developer is paid in ABYSS tokens for referring gamers on the platform.
**Analogous Referral System
**The Abyss gaming platform also features an analogous referral system where players can earn income in the form of tokens by referring their friends and making payments. Besides, gamers receive rewards from different activities available on the platform, such as gaming achievements, gaming content generation, internal CPA Network, etc.
The Abyss multilevel and analogous referral program utilizes the principle of affiliate marketing. Both players and developers are rewarded for bringing users to the platform. Besides referral rewards, players have access to a wide range of profitable options, including rewards for game achievements.
In the referral system, 70% of the total payments on the platform are channeled to game developers, while the platform keeps the remaining 30%. 1/3 of the income is distributed to The Abyss multi-level referral program. A referrer receives 4% (level 1), 2% (level 2), 2% (level 3), 1% (level 4), and 1% (level 5) from payments made by his referrals.
Abyss Eth2 Depositor Abyss Finance recently launched its Eh2 depositor; a unique tool that helps users make multiple deposits to ETH 2.0 Deposit Contract in one batch. The tool streamlines ETH2.0 deposit as well as lowers transaction costs. recently added support for direct connection to the Ledger and Trezor hardware wallets. As Ethereum continues to shift from Proof-of-Work to Proof-of-Stake, the Abyss Finance Eth2 depositor will come in handy to streamline transactions and save people time. Besides, it saves individuals from double deposit for the same public key instead of the official Eth2 Launch Pad tool.
DAICO Smart Contract
In an attempt to solve some of the challenges clouding Initial Coin Offerings (ICO), Abyss Finance has created an innovative fundraising model based on intelligent contracts, i.e., DAICO. This fundraising platform integrates Decentralized Autonomous Organizations (DAOs) with Ethereum Smart Contracts. DAICO is aimed at upgrading and making the initial ICO crowdfunding concept more transparent.
By using blockchain technology specifically Ethereum smart contracts and Decentralized Autonomous Organizations(DAOs), the DAICO smart contract facilitates more transparency since the terms and conditions of ICOs are fully visible and accessible to all relevant parties. There is no way to dispute them once the contract is established.This facilitates total transparency of the transaction to all concerned parties.
The DAICO Smart Contract is outstandingly safe. This smart contract was tested on The Abyss own DAICO and was successful without any hacks or bugs.
Upcoming Products on Abyss Finance
**ETH 2.0 Hosting Service
**Abyss Finance is set to introduce ETH 2.0 hosting service, which will allow the Ethereum community to lock DeFi tokens and enjoy free unlimited ETH 2.0 hosting for their validators nodes. The hosting service is set to roll out on April 13, 2021, and will enable DeFi token holders to host any number of Ethereum 2.0 validator nodes for free.
The free hosting service also allows users to get hosting services for other coins besides ETH 2.0 under the same hosting conditions. Investors who leverage this service will not be charged hosting fees for their ETH 2.0 validator nodes again.
To get started, users must hold ABYSS tokens for an unbounded period of 1, 3, or 6 months. The platform will soon add other tokens such as UNI, LINK, and SUSHI through a voting process.
Closing Words
Abyss Finance is an innovative platform that integrates gaming, staking protocols, NFT marketplace, and ETH 2.0 depositor and validator hosting services into a single ecosystem. The platform offers real value to crypto enthusiasts, including gamers and developers, with its unique referral program as well as the upcoming free hosting service. The platform is continuing its expansion with the launch of new innovative products.