Call of the Abyss V is the premier e-sports event of the Identity V, open to six major regions, including Hong Kong, Macao, Taiwan, Japan, Republic of Korea, Southeast Asia, Europe and the United States, attracting top players to compete for 4 million RMB （approximately 630 thousand US dollars) worth of prizes.
Call of the Abyss V is divided into four phases in the following sequence: The City of Lights, Neon Corridor, Ethereal Theatre, and Color Out of Space.
The City of Lights is the Registration Phase that will commence from December 23, 2021 to December 30, 2021. Club Captains can register for their clubs for free, and their club members are eligible to participate in the grand event. (All members of the Summer IVC Japan/Fall IVC Japan/IVC-Southeast Asia Champions shall be in the same club).
Neon Corridor is the Preliminary Phase that will commence from December 30, 2021 to January 13, 2022. Registered clubs will compete with each other to earn various event-exclusive rewards.
Unregistered clubs/individuals can also earn their portion of the rewards. Clubs competing in Neon Corridor battles will earn points, and the top 50 clubs from Japan, Republic of Korea, Hong Kong & Macau & Taiwan, Southeast Asia, and NA-EU will advance to the Ethereal Theatre phase.
Ethereal Theatre is the Playoff Phase that will commence from January 13, 2022 to January 20, 2022. The top 50 clubs from Japan, Republic of Korea, Hong Kong & Macau & Taiwan, Southeast Asia, and NA-EU that advanced from Neon Corridor will compete for points in Ethereal Theatre. The top 8 non-seeded clubs from each competing division will receive additional rewards and be invited to the Online Qualifiers.
Color Out of Space is the Ranking Announcement Phase that will commence after maintenance on January 20, 2022. The top 8 clubs in each Ethereal Theatre division will be invited to participate in the following Call of the Abyss V Online Qualifiers.