Day: November 28, 2017

The Abyss is launching its Token Sale. The project team is creating a revolutionary digital distribution gaming platform, where competition and struggle for clients is transformed into a  mutually beneficial cooperation. Game developers will be able to push their projects forward with maximum efficiency and earn money not only from in-game payments but also from referrals and other activities. Players will also have numerous earnings opportunities.

Competition in the gaming industry is growing rapidly. In order to deliver their products to a broad audience, developers have to increase their marketing expenditures constantly. Thus,  the competition between developers shifts from providing a quality product to the size of advertising budgets. This damages the whole gaming industry.

The Abyss project offers solution – a next-generation gaming platform with a flexible and diverse product promotion and analytical system, which will allow developers to spend less on advertisements while earning more. A strong accent will be made on referral and motivational programs for players and developers.

Multilevel motivational system

As a part of the referral program, developers will be able to receive revenue not only from users they have attracted to their own games, but to other dev’s games too, and a percentage profit from these referrals that stretches over 5 referral levels.

Players will gain income from payments and activities (content generation, achievements, etc.) from all users they have invited to the platform, and their referrals, stretching over 5 levels deep.

The players and developers who are the first to attract users to the platform will receive the ultimate benefit. Furthermore, revenues will be distributed based on the activeness of referred users within the platform. This multilevel reward system will allow users to be attracted efficiently and retained in one ecosystem.

Developers will receive 70% of all payments made in their games, the platform will receive the remaining 30%. Due to the referral program, income can be significantly increased. A third of The Abyss platform income will be allocated to the referral program: the first level will receive 40%, the third and second – 20%, fourth and fifth – 10% from the allocated sum.

Analytical System

Upon integration, developers will be offered the most advanced metrics in the gaming industry, including statistics on ARPU, MAU, ROI, LTV, etc.

All stages of user behavior (from traffic sources to in-game actions) will be fixated and calculated, so that developers can easily optimize their sales funnels, reduce expenses, and increase profits by redistributing advertising channels and increasing user value.

Internal CPA Network

Additionally, developers will be offered a universal advertising profile for exchanging target traffic (internal CPA Network). The system will showcase suggested options: traffic can be sold to different games, and bought from them, or it can be attracted from the outside by connecting leads to the internal statistics system.

With CPA Network, traffic can be bought from other developers and players. Establishing necessary requirements for traffic quality.

To further promote their projects within the platform’s framework, developers will be able to order paid e-mail newsletters, banner ads, and other advertising formats.

Benefits for developers

Developers will be able to receive payments in ABYSS tokens or fiats. If desired, a portion of the developer’s earnings can be received in fiats, regardless whether the payment was made in tokens or in fiat currency. Withdrawals to an Ethereum wallet are practically instantaneous.

Players can be retained using internal achievements from the Reward Bank of The Abyss platform. The analytics system and support are available 24/7 with 3 levels of integration to pick from.

Additionally, developers will be able to launch their projects in alfa/beta versions, and raise funds for development via crowdfunding. Free promotion tools will also be available: banners on the homepage, slots for client launches, etc.

Benefits for players

Apart from access to a large number of different games, players will receive rewards for referrals, content generation, and individual or joint achievements. Plus, they will be able to earn from in-game auctions and complete tasks for CPA Network developers.

Internal overlay for communicating with platform users, viewing friend’s activities, privacy settings, flexible client settings for player needs, convenient update system, application hibernation, screen shooting, video recording, ability to play in a local network – all this and much more will be available to the players on The Abyss platform.

Additionally, players will be able to form syndicates (Masternodes) for play and earn jointly. Such joint activity is encouraged by payments from the Reward Bank budget.

Abyss token use

One of the unique features of the platform is dual currency options, which allows users to carry out in-game purchases easily. However, in comparison to the use of fiat currencies, the use of ABYSS tokens grants additional benefits, which will increase token demand and price.

The majority of platform services rely on ABYSS tokens only:

• Internal CPA-network;
• Referral and motivational programs;
• In-game item auction;
• Syndicate system;
• Reward system for content creation;
• Funds transfer between users;

ABYSS Token Sale

1 ETH = 2500 ABYSS (ETH and BTC are accepted)
SOFT CAP = 10 000 ETH

PRE-SALE:

29 November 2017 — 01 December 2017
Minimum threshold – 5 ETH
Pre-Sale Bonus: +25%

TOKEN SALE:

12 December 2017 — 24 January 2018
Minimum threshold – 0,1 ETH

Bonuses during Token Sale:

Day 1: +15%
Days 2-4: +10%
Days 5-20: +5%

Users that will purchase ABYSS tokens during Pre-Sale and Token Sale will get an increased 5-year income for bringing referrals to the platform:

During the Pre-Sale every payment starting from:

5 ETH gets you +50% for the 1st referral level (My friends).
25 ETH gets you +50% for all referral levels (My friends’ friends, etc.).

During the Token Sale every payment starting from:

20 ETH gets you +50% for the 1st referral level (My friends).
100 ETH gets you +50% for all referral levels (My friends’ friends, etc.).

To activate the bonus you will need to enter a passcode when registering on The Abyss platform. You can use the passcode only once, it will be bound to your email right after it.

More information on the official site: https://www.theabyss.com

White Paper: https://www.theabyss.com/static/docs/theabyss-whitepaper-ru.pdf
Email: [email protected]

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Any official study conducted related to cryptocurrencies is worth keeping an eye on. While they don’t always tell the whole story, the statistics are fun to look at. A new study by Cambridge University shows how the cryptocurrency ecosystem has evolved. More specifically, it shows this is still a very niche market right now. That isn’t a big surprise by any means, though. In fact, the statistics are pretty intriguing overall.

According to Cambridge University, there are up to 5.8 million unique cryptocurrency wallet users. That is still a very small number, although these statistics may not be entirely correct. More specifically, this study surveys data from different companies and individuals. However, it was only conducted on a very small scale. Considering how different cryptocurrencies were part of this survey, that number seems a lot lower than one would think.

An Interesting Study on Cryptocurrency

Additionally, we see a lot of cryptocurrency companies operate across different sectors. This means we see more all-round cryptocurrency companies as a whole. Most exchanges also offer a wallet service or even a mining pool. This shows there is a growing demand for more complete services, albeit in a centralized manner. That isn’t necessarily a positive development whatsoever, unfortunately. It will be interesting to see how companies continue to evolve in the coming years.

Speaking of exchanges, over half of smaller platforms hold a formal government license. That is a pretty small number, but it’s even worse for large companies. Of those larger exchanges, only 35% have a license. Again, this is not a complete study of the entire cryptocurrency ecosystem whatsoever. However, it shows licensing is still a bit of a problem for most platforms. Security budgets are another difficult topic, as 17% of company’s budgets is spent on keeping funds safe. Given the vast amount of exchange hacks, one would expect better figures in this department.

As one would expect, banking relationships remain a pressing problem. The majority of payment companies struggles to obtain or maintain this relationship. That is not entirely surprising at this point in time either, unfortunately. Most of the volume generated by these companies are national-to-cryptocurrency payments. Surprisingly, crypto-to-crypto payments only account for 6% of all volume. That is a fair bit lower than most people would have expected at this point in time. Them again, that is what exchanges are for, as well as services such as ShapeShift.

The post Cambridge University Study Provides Some Interesting Cryptocurrency Facts appeared first on NEWSBTC.

Things are really starting to heat up now in the bitcoin price and, over the next few hours, only one thing is going to be in everybody’s minds – can price reach $10,000?

We’ve seen some incredible runs over the last few months driven by nothing more than improved sentiment and if we see a break above $10,000, we are almost certainly going to see some continuation on the break and a bit of follow-through towards, say, $10,100. Whether price can hold above that level remains to be seen.

Anyway, we’re going to put together some levels that we can use for the session today and see what happens from an intraday perspective.

As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to get in and out of the markets if and when things move. The chart is a one-minute candlestick chart and it has our range overlaid in green.

As the chart shows, the range we are looking at for the session today comes in as is defined by support to the downside at 9872 and resistance to the upside at 9900.

If we see price break through resistance, we are going to enter into a long position towards an immediate upside target of 9950. We need a stop loss on the trade to ensure that we are taken out for just a small loss if things turn against us, so we will look at placing one somewhere in the region of 9875 to keep things tight.

Looking the other way, if we get a close below support, we will jump into a short trade with a downside target of 9810. Again we need a stop loss and somewhere in the region of 9900 looks good.

Charts courtesy of Trading View

The post Bitcoin Price Watch; Here It Comes… appeared first on NEWSBTC.

CoinDesk has released its latest quarterly report chronicling trends and data in the blockchain and cryptocurrency sector.

The sustained upward trajectory of the most popular cryptocurrency has continued to baffle both the virtual currency markets and the wider investment community. Here are some reasons why.

Everyone who assumed Bitcoin would be the only major cryptocurrency to note some big price gains in the final weeks of 2017 is gravely mistaken. We now see all major altcoins try to make a name for themselves and bounce back strongly. The Ethereum Classic price, for example, has increased by as much as 50% overnight. To some people, this is organic growth, whereas most people see it as the pump-and-dump cycle that it probably is. Still, it is a remarkable development, to say the least.

Ethereum Classic Price Explodes Overnight

While most investors keep pouring money into Ethereum these days, it has become rather evident one shouldn’t discount Ethereum Classic by any means. It may not have the global appeal of Ethereum yet it is the only immutable blockchain of the two. It was only a matter of time until the Ethereum Classic price started to go up in value again. After a few weeks of hovering near the $17 mark, things have certainly exploded over the past 24 hours.

More specifically, we have seen an Ethereum Classic price increase of just over 50% in the past day. That is remarkable growth, to say the least, especially when considering how no one saw this coming whatsoever. Things have been somewhat quiet on the ETC front as of late, but it seems investors and speculators are throwing a lot of money at this altcoin right now. Maintaining this trend will be pretty difficult, though, especially once the trading volume starts drying up once again.

It is also important to note the Ethereum Classic price is not just going up in USD value. The altcoin is making up a lot of ground against Bitcoin as well, with a 45.25% gain visible on the charts right now. All of this is rather surprising, as the Bitcoin price is pretty close to breaching $10,000 on a permanent basis. At the same time, a lot of people are only now diversifying their portfolio. This means there is a lot of positive momentum affecting the Ethereum Classic price right now, as well as some other altcoins which have been undervalued for quite some time now.

Thanks to almost $1.5bn in 24-hour trading volume, we may see the Ethereum Classic price continue to surge for quite some time to come. More specifically, this price gain is pretty significant already, but the markets may help push the value of ETC to $40 in the coming hours. Rest assured a lot of people will start taking profits in the coming hours as well. Seeing one’s investment go up by 50% in quick succession is always a strong sell signal.

Anyone guessing how Bithumb is the main driver of Ethereum Classic trading volume would be absolutely correct. However, Coinone and Korbit are also putting their weight behind this Ethereum Classic price pump cycle. Bitfinex is the only non-Korean exchange in the top four, and they comfortably sit in third place as of right now. Rest assured this pump will turn into a dump sooner or later when the volume switches from buying to selling. Then again, a lot of altcoins are going up in value right now, and things may play out very different compared to what one would expect.

The final few weeks of 2017 will be pretty spectacular for pretty much all cryptocurrencies.There are still a  few undervalued coins in the top 10, as well as a few currencies which should never have reached their current valuation either. How things will play out between now and December 31st, remains to be seen. The year 2017 has been pretty solid for all cryptocurrencies, and we can only hope to see more of the same throughout 2018.

A letter released by supposed lawyer of Confido, it claims that the people behind the project had no intention to scam its investors. However, the money raised in the ICO is not enough to advance the initiative, so its developers decided to shelve it for further assessment.

Not a day goes by in the cryptocurrency world without major Tether drama. This company has made such a massive impression, people are genuinely scared of what they might come up with next. It seems one of their “prints” of fresh capital has been borked. More specifically, one particular transaction for 15 million OMNI was deemed invalid. This is a rather interesting development, although it’s unclear what is happening exactly.

This particular transaction by Tether is pretty disconcerting on many levels. For some reason, they decided to issue 15 million OMNI instead of USDT. Either they simply entered a wrong command or someone may have gained access to their “printing press”. There is no reason for this company to effectively issue OMNI tokens, as that is not Tether’s job. Instead, they issue tokens linked to fiat currency reserves, such as the US Dollar and Euro.

Another Odd Development Involving Tether

The address sending these tokens – or attempting to – is also the address responsible for issuing Grant Tokens. For some reason, this latest transaction was done in the wrong currency. It is the same type of transfer going from and to the exact same addresses as previous transactions. Why this was done in OMNI instead of USDT is a mystery to everyone. Rest assured there will be a lot of speculation regarding this topic over the next few days and weeks.

All of this goes to show a lot of things are going on with Tether which don’t add up. The company has issued USDT at a very alarming rate these past few weeks. This new messed up issuance of tokens shows some more strange things are happening. Especially when considering how this is initiated by a multisignature wallet. That means at least two people signed off on a transaction which would never work in the first place. A very odd development that raises far more questions than anyone is comfortable with.

How all of this will affect the company, remains to be seen. Making mistakes is normal, but they will be scrutinized by the entire community. Especially now that so many people are keeping an eye on what Tether is doing these days. There are genuine concerns over this company, that much is rather evident. It will be interesting to see what the OMNI team has to say about all of this. So far, they remain unusually quiet regarding this latest development.

The post Tether Presses Misfire as 15 Million OMNI Transaction is Deemed Invalid appeared first on NEWSBTC.

The U.K.’s House of Lords has released a report highlighting the opportunities for distributed ledger technologies across government services.

Max Keiser believes that fiat currencies like the dollar are collapsing against Bitcoin.

Because there is no set jurisdiction in common opinion on Bitcoin and its uses to different states, there are varying views taken by central banks across the globe.