The Аbyss Team: Founder's Letter to The Abyss Token Holders

letters ethereum english blockhain

Founder’s Letter to The Abyss Token Holders

Dear, friends! Yet another poll for the tap increase has started recently. We would like to keep you up-to-date with the current working progress and funds spending.

Availability of funds for May and June allowed for successful start of The Abyss platform development, creation of team and promotion, as well as for the arrangement of exchange listings and partnerships.

Expanding of the development team allowed us to deliver all milestones planned for Q2 and to get the pre-alpha version of the platform ready for launch already on July 19. However, the development team is not complete yet and recruitment of the best talents is still in process.

Introduction of pre-alpha version of The Abyss will allow for creating of even more in-depth user experience and will encourage developers to place their games on the platform.

Latest developments include:

  • Extension of platform functionality;
  • The first game is on the platform;
  • ABYSS tokens are already integrated and most of Stages 12 target functionality is implemented;
  • Specific content data module containing all information on one’s referrals is added.

All details are being reported to you in the Development update every 2 weeks: First, Second, Third, Fourth and Fifth updates.

As of now, The Abyss is listed on 11 exchanges, with top 7 ranking exchanges among them. This is an incredible achievement considering the current situation with exchanges accepting very few projects for listings. The Abyss Team continues negotiating more listings at the moment.

Achievements in terms of marketing & PR are:

  • Increased awareness of The Abyss in key markets through various activities in own, earned and paid media;
  • Continued negotiating partnership pre-agreements with game developers, with the focus on USA (resulting from participation in E3 event) and Europe;
  • Successful participation in E3, the major video game industry event;
  • Preparation for participation in ChinaJoy, the most important game industry event held in China (one of the biggest game markets in the world). This year it will take place on Aug 36 in Shanghai. Pre-payments were required to secure The Abyss’ participation in the event.

In general, an important factor to be considered is the effect of the EHT/fiat exchange rate which is very volatile and has a tendency of downtrend (a 36% decrease since May 16, 2018). Most of the costs facing The Abyss are in the fiat currency, and such negative exchange rate generates extra costs.

The next month spending requires to cover:

  • The expanding of development team (in order to deliver on the development plan);
  • Salaries of the current excellent team members working on The Abyss;
  • Expenses needed for participation in ChinaJoy, and for securing our presence at Gamescom, the high-profile global game industry event, which will allow us to present The Abyss platform to the developers and continue securing new partnership agreements;
  • Marketing support for the launch of pre-alpha version of the platform;
  • Risks driven by the down-trend of ETH rate.

We also create the buffer of budgets meant for potential new listings on top exchanges and signing early-bird agreements with major game developers which will require fast reaction and immediate payments.

A lot has been achieved during the last 2 months. I am proud of my team and very grateful to all our contributors and supporters. There is still a long way ahead of us to complete The Abyss project and bring it to success.

With kind regards,

Konstantin Boyko-Romanovsky

Founder of The Abyss

TelegramDiscordFacebookTwitterLinkedInBitcoinTalkRedditVimeo • GitHub

Founder's Letter to The Abyss Token Holders was originally published in The Abyss Platform on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: The Аbyss Team at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
September 18, 2018

|プラットフォーム開発:最新情報その10

皆さん、こんにちは!恒例の開発レポートをお送りします。今回は、9月3日から9月16日までの期間についてです。この期間は、The...

From: The Аbyss Team

|Phát triển Nền tảng: Cập nhật 10

Chào mọi người! Vui lòng xem báo cáo trạng thái phát triển dưới đây, báo cáo này bao gồm khoảng thời gian từ mùng 3 tháng 9 đến ngày 16 tháng 9. Trong khung thời gian này, chúng tôi đã tập trung giới thiệu các cải tiến giao diện khác...

From: The Аbyss Team
September 17, 2018

Platform Development: Update 10

Hi, all! Please find below a regular development status report, this one covering the period from Sep 3 to Sep 16. Within this timeframe, we were focused on introducing various interface improvements of The Abyss platform, and implementing our technical standards and requirements to the new...

From: The Аbyss Team
September 13, 2018

|Cuộc Bỏ phiếu Tap thứ Tư: Tổng Kết

Đội ngũ The Abyss thông báo kết quả cuộc bỏ phiếu tap thứ tư mà chúng tôi đã chạy từ ngày 10 tháng 9 (0:00 UTC) đến ngày 12 tháng 9 (0:00 UTC). Và điều này là: với 62,39% số phiếu bầu, số tiền hàng tháng (ngân sách) được phân bổ cho...

From: The Аbyss Team

|与Vladimir Kurochkin的AMA (有问必答):亮点

大家好!下面是与Vladimir Kurochkin,The...

From: The Аbyss Team

|Vladimir Kurochkin、 AMAに登場: ハイライト

みなさん、こんにちは!最近のAMAに、 The Abyss社長 Vladimir Kurochkinが登場した際のハイライトをお届けいたします。私どもの仮想通貨業界における透明性についての考え方、...

From: The Аbyss Team
Upcoming ICO's
This week overview
Token Name Starts
RoBust Defense Token (RBDT) logo RoBust Defense Token (RBDT) 1 days
Yumerium (YUM) logo Yumerium (YUM) 3 days
Blockchain.io (BCIO) logo Blockchain.io (BCIO) 4 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $6766.15488616 0.17%
Ethereum logo ETH $246.608971003 0.35%
Ripple logo XRP $0.5854000865 0.17%
Bitcoin Cash logo BCH $498.058929653 -0.65%
EOS logo EOS $6.0693636332 0.04%
Stellar logo XLM $0.2857561968 -3.64%
Litecoin logo LTC $62.7294710063 -0.06%
Tether logo USDT $0.9999920645 0.26%
Cardano logo ADA $0.0924337356 0.14%
Monero logo XMR $126.697769034 -0.24%
DigitalCash logo DASH $208.871006323 -0.25%
IOTA logo IOT $0.6220715014 -0.38%