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Token Sale - March 7, 2018

Frequently Asked Questions

Where is The Abyss based?

The Abyss GmbH (Switzerland) is incorporated in Gartenstrasse 4, 6300 Zug, Switzerland.

What is The Abyss?

The Abyss is a next-generation digital distribution platform, delivering all types of video games (Free2play MMOs and cryptogames being a key priority), including AAA-titles, to the fast-growing global game community.

What is the difference between The Abyss and other game platforms?

Unlike other platforms (Steam, Origin, GOG, etc.), The Abyss offers a groundbreaking motivational and multilevel referral system, allowing gamers to earn from in-game and social activities, and other gamers’ payments as well. By joining The Abyss, developers will reduce their marketing expenses and receive an extra income from referral payments made in other games on the platform.

What is the purpose of applying the blockchain technology to the game platform?

The blockchain technology is very promising for the game industry, since it allows to enjoy all the advantages of cryptocurrencies and tokens. ABYSS tokens (ERC20 standard on the Ethereum blockchain) are a priority internal mechanism for interaction on The Abyss platform. Earnings from all referral and motivational programs are paid in ABYSS tokens. Besides, the majority of internal services will rely on ABYSS tokens only.

What is the Token Sale?

The Token Sale is a process of selling ABYSS tokens created by the project team in order to raise funds for (among other issues) the project launch and development.

What is DAICO?

DAICO is an innovative fundraising model (suggested by the founder of Ethereum, Vitalik Buterin) that merges some of the benefits of Decentralized Autonomous Organizations (DAOs), aimed at upgrading and making the initial ICO concept more transparent and secure. The Abyss Token Sale is an advanced and improved DAICO model, allowing contributors to control the withdrawal of funds, and also providing an option to vote for refund of the contributed money in case the team fails to implement the project, with Oracles (appointed industry leaders) acting as arbitrators.

What is the Token Sale (DAICO) timeline? Will it imply any bonuses?

Token Sale period will start on March 7, 2018 (09:00 UTC) and will finish on April 7, 2018 (09:00 UTC). Participants will be granted 25% to 5% bonus for the amount of tokens they have purchased during the Token Sale period.

  • Period
  • First 48HRS
  • Days 3-7
  • Days 8-14
  • Days 15-21
  • Bonuses
  • 25%
  • 15%
  • 10%
  • 5%
What is the Token Sale (DAICO) web address?

The Token Sale (DAICO) web address is https://www.theabyss.com

How can I purchase the ABYSS tokens? What payment methods will be acceptable?

We will accept Ethereum (ETH) and Binance (BNB) tokens payment methods.

Please, note that BNB tokens are accepted from the international (non-U.S.) participants only. The minimum contribution for Binance tokens is 1000 BNB, and there’s no maximum contribution. The Binance tokens Hard Cap is 300.000 BNB. Since sending BNB tokens to the Smart Contract is a complicated procedure, we recommend it to the experienced users only.

Can I use fiat money for the ABYSS tokens purchase?

No. We will accept Ethereum (ETH) and Binance (BNB) tokens payment methods. You can use fiat money to buy ETH on Bittrex, Poloniex, Kraken, Bitfinex, Bitstamp or any other dedicated portal.

Should I pass the KYC / AML procedure to participate in Token Sale (DAICO)?

Yes. We will run a KYC / AML program for everyone. In addition, the U.S. citizens should pass the accreditation process. The respective instructions on passing the KYC / AML process will follow.

Will you enable a Whitelist?

Yes. Everyone who registers and passes the KYC / AML procedure successfully, will be whitelisted and have a guaranteed right to participate. However, we reserve the right to stop whitelisting any time.

What is the value of each ABYSS token?

The ABYSS tokens are USD pegged currency. The value of each ABYSS token is 0.24 USD.

We will set a course for ETH and BNB in a few days before the start of Token Sale, depending on the market rates.

What are the minimum and maximum contributions during the Token Sale (DAICO)?

The minimum contribution for days 1-7 is 0.1 ETH, maximum - 10 ETH. Starting from 8th day the minimum contribution remains the same, with no cap limit.

The minimum contribution for Binance tokens is 1000 BNB, and there’s no cap limit.

Please, note that BNB tokens are accepted from the international (non U.S.) participants only.

For the U.S. citizens/residents the minimum and maximum contributions for days 1–7 are 1 and 100 ETH respectively. Starting from the 8th day onwards, the minimum contribution remains the same, with no cap limit.

What is the Soft Cap and Hard Cap in regard to the Token Sale (DAICO)?

The Soft Cap is a minimum level of funds raised, that allows to consider the Token Sale successful. The Abyss project Soft Cap is 6M USD. If we fail to reach this level, all funds will be returned by Smart Contract.

Hard Cap is a maximum amount of funds raised. We have an International, the U.S. and additional Hard Cap. The International Hard Cap is 40M USD, the U.S. is 20M USD, and additional is 300 000 BNB.

Do you plan to conduct a bounty campaign during the Token Sale (DAICO)?

Yes. Click on the link to find the terms and conditions of The Abyss' bounty campaign.

What can I use the ABYSS tokens for?

You can use the ABYSS tokens for the purchases on the platform. Unlike payments, made with fiat money, using ABYSS tokens will get you a discount at the expense of the platform.

Besides, we plan to introduce the additional opportunities for all token holders. In particular, Referral and Motivational programs, Auction, Syndicates and Internal CPA Network will rely on ABYSS tokens only.

ABYSS tokens can be freely transferred to friends within the framework of the platform or withdrawn to cryptocurrency account (both manually and automatically). With the development of the platform more options for ABYSS tokens users will be added.

How the ABYSS tokens will be distributed?

The ABYSS tokens distribution will be as follows:

  • 60%
  • 21%
  • 18%
  • 1%
  • Crowdsale
  • Company & Advisors*
  • Reserve**
  • Bounty

* ABYSS tokens assigned to the Company will be frozen by the DAICO Smart Contract for a period of 1 year.

** ABYSS tokens assigned for Reserve will be frozen by the DAICO Smart Contract for a period of 6 months. Reserve will be used to provide motivational rewards to players to accelerate the ecosystem growth at the early stage of platform operation, and also to bring amazing new games to the platform.

How will the revenue from the Token Sale be distributed?

The revenue from the Token Sale will be distributed as follows:

Soft Cap:

  • 40%
  • 25%
  • 20%
  • 5%
  • 10%
  • Development
  • Marketing
  • Infrastructure and Software
  • Reserve
  • Legal

Hard Cap:

  • 15%
  • 40%
  • 20%
  • 5%
  • 5%
  • Development
  • Marketing
  • Infrastructure and Software (inc. CDN, DRM)
  • Reserve
  • Legal
When will I receive my ABYSS tokens?

You will receive your purchased tokens immediately, after transaction is complete. Referral program bonus tokens will be accrued within 30 days after the Token Sale (DAICO) is closed. The strict KYC / AML verification may be required in case the the signs of rules violation are shown.

What will be the volume of ABYSS tokens in circulation?

Maximum total token supply is 603.75 mln. All unsold tokens will be burnt by Smart Contract.

Who is restricted from participating in the Token Sale?

Citizens and residents of Algeria, Morocco, Ecuador, Kyrgyzstan, Bolivia, Bangladesh and Mainland China are restricted and will not be allowed to participate in our Token Sale (DAICO).

United States of America:

All U.S. persons can register and participate in the referral program to receive free bonus tokens from contributions made by their referrals. However, only accredited U.S. investors may contribute. Sale in the U.S. to accredited investors is carried out under Regulation D of the Securities Act of 1933. Transfer of tokens sold under Regulation D will be restricted for a 1 year period in accordance with aforesaid regulations.

You will receive your purchased tokens automatically, after transaction is complete. Referral program bonus tokens will be accrued within 30 days after the Token Sale (DAICO) is closed.

Which cryptocurrency wallet shall I use to participate in the Token Sale?

In order to purchase ABYSS tokens successfully you will need any ETH-wallet that supports ERC20 tokens. We recommend using MyEtherWallet.

DO NOT use the ETH-addresses received from Poloniex, Bittrex, Coinbase, Kraken, etc. These ETH-addresses are owned by the same-name service providers. Also they own private keys to your wallet and specify the type of tokens you can receive.

DO NOT send your funds before the start of Token Sale, they will be rejected.

Set the GAS limit to 200,000; GAS price at 60 Gwei.

The purchased ABYSS tokens will be transferred to the account you have used during the period of tokens distribution. You will receive your purchased tokens automatically, after transaction is complete. Referral program bonus tokens will be accrued within 7 days after the Token Sale (DAICO) is closed.

How to purchase ABYSS tokens with Ethereum (ETH)?

We strongly recommend to use MyEtherWallet as the easiest and most convenient one. This might be the best way to send your contribution to the Token Sale. You can simply do it by following the instruction below:

  1. Register on www.theabyss.com;
  2. Sign in your personal account;
  3. Enter your ETH address to bind the wallet to the personal account;
  4. Wait until you get added to the whitelist (5-10 minutes);
  5. Press the "BUY TOKENS" button;
  6. Enter the amount of tokens you want to buy in the pop-up window and press "NEXT";
  7. Send the required ETH amount:
    1. Enter the URL: www.myetherwallet.com;
    2. Confirm the URL to make sure that it is the authentic URL for MyEtherWallet (watch out for misspellings in the URL);
    3. Click on “Send Ether & Tokens”;
    4. Enter your credentials and unlock your wallet;
    5. Enter the crowdsale contract destination address and make sure you set the GAS to 200,000;
    6. Enter the amount of ETH you need to send;
    7. Double check everything is correct and press "Generate Transaction" and "Send Transaction" shortly after that;
    8. The confirmation window will pop up. Double check everything. If OK, press "Yes, I am sure! Send Transaction".
How to purchase ABYSS tokens with Binance tokens (BNB)?

How to approve your BNB tokens on BNB contract manually:

  1. Register on www.theabyss.com;
  2. Sign in your personal account;
  3. Enter your ETH address to bind the wallet to the personal account;
  4. Wait until you get added to the whitelist (5-10 minutes);
  5. Press the "BUY TOKENS" button;
  6. Enter the amount of tokens you want to buy in the pop-up window and press "NEXT";
  7. Send the required BNB amount:
    1. Enter the URL: www.myetherwallet.com;
    2. Confirm the URL to make sure that it is the authentic URL for MyEtherWallet (watch out for misspellings in the URL);
    3. Click on "Contracts" (to approve tokens on BNB contract);
    4. Enter the BNB contract address: 0xB8c77482e45F1F44dE1745F52C74426C631bDD52;
    5. Enter the ABI / JSON Interface (copy:
      JSON copied
      )
      [{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint8"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"amount","type":"uint256"}],"name":"withdrawEther","outputs":[],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_value","type":"uint256"}],"name":"burn","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_value","type":"uint256"}],"name":"unfreeze","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"balanceOf","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"freezeOf","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_value","type":"uint256"}],"name":"freeze","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"},{"name":"","type":"address"}],"name":"allowance","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"inputs":[{"name":"initialSupply","type":"uint256"},{"name":"tokenName","type":"string"},{"name":"decimalUnits","type":"uint8"},{"name":"tokenSymbol","type":"string"}],"payable":false,"type":"constructor"},{"payable":true,"type":"fallback"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Burn","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Freeze","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Unfreeze","type":"event"}]
    6. Press "Access";
    7. Press "Select function" and choose approve;
    8. Enter crowdsale contract address in _spender address field;
    9. Enter amount of tokens in _value uint256 field;
    10. Press "Write";
    11. Press "Generate Transaction" in the pop up window;
    12. The confirmation window will pop up. Double check everything. If OK, press "Yes, I am sure! Send Transaction";
    13. Obtain crowdsale contract address in your personal account on The Abyss and return to MyEtherWallet;
    14. Enter crowdsale contract address;
    15. Enter 0 in the "Amount to send" field;
    16. Set GAS limit to 50,000;
    17. Enter The Abyss contract Data (obtained in your personal account on The Abyss);
    18. Press "Generate transaction".

Approve BNB tokens by “Data”:

  1. Register on www.theabyss.com;
  2. Sign in your personal account;
  3. Enter your ETH address to bind the wallet to the personal account;
  4. Wait until you get added to the whitelist (5-10 minutes);
  5. Press the "BUY TOKENS" button;
  6. Enter the amount of tokens you want to buy in the pop-up window and press "NEXT";
  7. Send the required BNB amount:
    1. Enter the URL: www.myetherwallet.com;
    2. Confirm the URL to make sure that it is the authentic URL for MyEtherWallet (watch out for misspellings in the URL);
    3. Click on “Send Ether & Tokens”;
    4. Enter your credentials and unlock your wallet;
    5. Enter BNB contract address;
    6. Enter 0 in the "Amount to send" field;
    7. Set GAS limit to 50,000;
    8. Enter BNB contract Data (obtained in your personal account on The Abyss);
    9. Press "Generate transaction";
    10. Obtain crowdsale contract address in your personal account on The Abyss and return to MyEtherWallet;
    11. Enter crowdsale contract address;
    12. Enter 0 in the "Amount to send" field;
    13. Set GAS limit to 50,000;
    14. Enter The Abyss contract Data (obtained in your personal account on The Abyss);
    15. Press "Generate transaction".
Where can I find the project’s Privacy Policy?

The Abyss Official documentation: ABYSS Tokens Sale Privacy Policy