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Tap Poll

Current: 1125 ETH/month
Goal: 1687.5 ETH/month
time left
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:
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Tokens to succeed:
875351 ABYSS

DAICO
Tap Poll #4
results

Tap increased to
1687.5 ETH/month
62.39%
37.61%
Yes 1267982 ABYSS
No 764315 ABYSS
Participants: 14

Introducing DAICO

DAICO is an innovative fundraising model that merges some of the benefits of Decentralized Autonomous Organizations (DAOs), aimed at upgrading and making the initial ICO concept more transparent and secure. DAICO model allows token holders to control the withdrawal of the funds, also providing an option to vote for refund of the remaining contributed money in case the team fails to implement the project.

Svantaggi di una ICO

Once the crowdsale period finishes, developers have complete access to all the contributed funds. Developers thus create the danger of scam for contributors.

Dopo il termine della crowdsale, quando si raccolgono decine di milioni di dollari, il team subisce un indebolimento della motivazione nell'implementare il progetto.

Centralized raising of funds that contradicts the very spirit and nature of crypto industry. The crowdsale conditions are obscure.

Benefici della DAICO

Se i possessori dei token sono delusi dai progressi del progetto, possono impostare il contratto nella modalità rimborso. Questo protegge i possessori di token dalla truffa.

Il finanziamento non viene rilasciato in un'unica soluzione, ma viene implementato un meccanismo di step nel tempo. Ciò aumenta e sostiene la motivazione del team a sviluppare il prodotto.

With DAICO, the raised funds are safely stored in a decentralized manner. The crowdsale conditions are completely transparent and hard coded in the smart contract.

What are the main characteristics of The Abyss DAICO?

The Abyss, the next-generation digital distribution platform based on a crypto reward ecosystem, has conducted the world’s first DAICO with the following features:
  • Token holders can initiate the poll on tap increase or refund;
  • Only token holders can vote using tokens on their ETH wallets (tokens held by project developers are not eligible to vote with);
  • Prevention protocols are included to protect against abuse by large token holders like exchanges;
  • The weight of each vote is limited by a certain amount of tokens.

The Tap Poll

  • The initial tap in Smart Contract is set to 500 ETH monthly and can be increased by the Tap Poll;
  • Voting for tap increase can be held on 10th day of each month;
  • Voting starts immediately after initiation and lasts 3 days;
  • Maximum tap increase is limited to 50% (of the initial tap amount) at a time.

The Refund Poll

  • The refund poll can be summoned once a quarter: more specifically, on July 1, October 1, January 1, April 1 of the respective year;
  • Ogni possessore di token può avviare la votazione di rimborso. Tale votazione inizia immediatamente dopo la sua partenza e dura 1 settimana;
  • The refund voting is considered a success if more than 1/3 of tokens (from total token supply) voted “YES”;
  • If voting for refund is success, one more (controlling) voting for refund is carried out within a month. If situation is repeated, the DAICO smart contract is switched to refund mode returning the remaining contributed ETH to the token holders;
  • The refund is available during 2 years (after the end of crowdsale), with the last refund voting starting on April 1, 2020.

The Abyss DAICO Polls Calendar

Tap Polls

Refund Polls

DAICO Smart Contracts

Durante la Token Sale The Abyss (DAICO) il progetto utilizza cinque smart contract:
  • Crowdsale (TheAbyssDAICO) contract. Questo Smart Contract è stato creato solo per la crowdsale e non verrà usato dopo la fine della crowdsale;
  • Fund (PollManagedFund) contract. This smart contract is meant for storing contributed ETH;
  • Tokens (ABYSS) contract. This is our main smart contract which will be operational after the end of crowdsale;
  • Reservation Fund (ReservationFund) contract. This smart contract is meant for storing ETH contributed by greylist participants;
  • Utility contract (LockedTokens). This smart contract is meant for locking the Company’s, Reserve and Foundation tokens for a certain time period.