Group-IB, an international company specializing in preventing of cyberattacks and the development of information security products, signed a partnership agreement with The Abyss project, owned by the Destiny.Games video game company. Group-IB will ensure the cybersecurity of The Abyss brand during its DAICO, the world’s first initial coin offering based on the innovative decentralized fundraising model. The start of The Abyss’ DAICO scheduled for March 7, 2018.
Destiny.Games is to conduct the Token Sale of The Abyss – a next-generation digital distribution game platform – to raise funds needed for the development and launch of the game portal. The initial coin offering will be based on the innovative DAICO model, which has no analogues in the world.
To protect The Abyss’ DAICO, the Group-IB specialists will be constantly (24/7) monitoring more than 3,000,000 resources, including databases of phishing sites, domain names, online shops, aggregators and bulletin boards, social networks, mobile application stores, contextual advertising, etc. With the help of the unique high-tech BrandProtection complex, a special attention will be paid to the crypto industry’s popular messengers, such as Telegram: violations, references, illegal links or wallets oriented at the company’s DAICO will be monitored.
Founder of The Abyss
The idea of DAICO, combining the best features of the ICO and DAO (Decentralized Autonomous Organizations), was proposed by Vitalik Buterin, the founder of the Ethereum blockchain, earlier this year, in order to protect contributors’ money and fight the fraud in the crypto industry.
By maintaining a trustworthy relationship within its community, The Abyss team plans to improve the DAICO voting process, which will allow token holders to control the withdrawal of funds by the developers, and will also provide an option to vote for refund of the remaining funds in case The Abyss team fails to reach the DAICO goals. The involvement of Group-IB experts (who have a significant experience of working with crypto projects that are moving towards their ICOs), was an additional measure of security for the community and The Abyss brand.
Director for Special Projects, Group-IB