Intro:
The SpiderDAO ecosystem consists of a vast number of components, hardware, and software, which build up this whale-resistant system. The autonomous system is what you see in the foreground, but there are a couple of components working together to make this possible. You all may know about the SpiderToken, the SpiderConnect Router, and SpiderVPN.
In this article, we’re going to go over the basics and discuss some other underlying components. Let’s get into the depth of SpiderDAO’s ecosystem.
SpiderDAO:
A DAO-based system built with hardware components, namely, the SpiderConnect Router, protects the system from plutocracies, rigged voting, and giant whales. It has many use cases launched at the moment and many more use cases to come.
SpiderConnect Routers:
These routers are the backbone of SpiderDAO. These are what add the hardware element to already existing rigid DAO’s. SpiderConnect routers offer you a high-speed VPN, voting rights, and access to a dashboard, which further houses multiple features. The best part, your router acts as a node in a fully decentralized VPN, which is soon to launch.
SpiderVPN:
SpiderDAO partners with its sister company, SpiderVPN, to provide a seamless experience and browsing using SpiderVPN. This virtual private network currently gives you access to 19 countries worldwide! Unlock unlimited locked content and browse anonymously throughout the whole web with privacy and security guaranteed.
SpiderToken:
Another primary factor that makes SpiderDAO possible. The Spider coin, also called SPDR, is a means of different use cases. You get eligibility for voting rights through this token, you can stake it to get access to rewards plus LAU, and finally, you can participate in the SpiderNest program, which is discussed further down. Eventually, you can utilize SpiderToken as a replacement payment for SpiderVPN services.
SpiderMarket:
Just a concept for now but soon to become a reality. Users will be able to sell and buy bandwidth in reward for SpiderTokens. All of the bandwidth will be regulated by the end-user, and when someone signs off, all the browsing data will be deleted from existence, offering complete safety.
SpiderNest:
For those who don’t like the concept of staking and are afraid of APY returns, we introduce the SpiderNest program. Here you can safely lock your SpiderTokens for a set period of time, say monthly, bi-annually, or annually. Different programs offer different but fixed rewards. All your tokens will be locked for the stated duration.
SpiderDashboard:
This is the gateway that will provide users access to the features and services of SpiderDAO. You can access some products through the dashboard are SpiderWallet, SpiderMarket, VPN Rewards, Governance, Liquidity Mining, and much more.
Final Words:
We have so much more planned, which we will execute very soon. Keep supporting SpiderDAO and keep staking your tokens on the LAU program or the SpiderNest program to reap benefits and rewards.
About SpiderDAO
Founded in 2020, SpiderDAO is the industry’s first hardware-enabled DAO that bundles multi-layered hardware and software tools on top of the Polkadot Network — a blockchain protocol with two goals: providing shared security among all connected parachains and allowing all connected chains to interoperate. SpiderDAO’s vision is to create a provable, open-source, decentralized VPN, as well as add a multi-layer privacy solution where users are not only secured through the DAO, but their networks are secured with Spider dVPN and adblocking. All user data is encrypted through dVPN to ensure that all network traffic is secured when leaving or entering the network.
SpiderDAO’s native token SPDR is the first-ever to be listed on the Polkastarter exchange.
For more information, visit:
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