Abyss
Crypto Overview
Overview
The Abyss was initially launched as a digital distribution platform for video games with a focus on MMO (Massively Multiplayer Online) games. The ABYSS token was designed to facilitate transactions within this gaming ecosystem.
Purpose and Utility
The intended purpose was to serve as a utility token within The Abyss gaming platform, enabling users to purchase games, in-game items, and participate in the platform's referral system. The token was meant to power a gaming marketplace and reward system.
Current Status
Based on the most recent available information, The Abyss project appears to be inactive. The official website is no longer operational, and there has been minimal to no development activity in recent years. The token's trading volume and market activity have significantly decreased.
Business Model Analysis
The original business model focused on creating a gaming distribution platform with integrated cryptocurrency payments and rewards. While gaming itself is generally permissible in Islam (excluding gambling elements), the current state of inactivity makes it difficult to evaluate ongoing utility.
Platform Development and Usage
There is no evidence of recent development activity or meaningful adoption. The project's social media channels and community forums show little to no recent activity.
Crypto Impact
To assign a comfort level investing in Abyss from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Abyss.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.