SpiderDAO introduces a unique concept derived for the sole purpose of privacy. Every human has a right to privacy; they have the right to enjoy the world wide web without being monitored or tracked.
Numerous countries worldwide have restricted content that is only available in their territory. This is done by blocking specific IPs or only allowing certain IPs. This problem isn’t new and can be solved with a good VPN, but still, some countries can even block out VPN’s which makes it impossible to access content.
What it will serve
Our solution? Selling bandwidth so that other people can access content directly using your own bandwidth. This solution is a combination of privacy while allowing access to content worldwide. We plan to launch an add-on onto the SpiderDashboard, which will offer a user-friendly interface where people can sell or purchase bandwidth.
The transactions will be done using SPDR tokens, meaning you can sell your unused bandwidth in return for SPDR tokens. Users will have their SpiderWallet connected to SpiderVPN so that transactions can be made. A small fee will be charged, which will go directly into the SpiderVault for reallocation to approved community projects.
Selling Bandwidth process
In order to sell your bandwidth, you’ll need a SpiderConnect router, your wallet configured with the router, and available unused bandwidth. You may seem skeptical at first, but we are all about privacy and security.
We will make sure the trading of bandwidth for SPDR tokens is done securely. Your bandwidth will run through a highly safe and encrypted network, and our DPI AI techniques will make sure your bandwidth isn’t being used for immoral reasons. If our system detects that the buyer is accessing something illegal, your connection will automatically terminate. This ensures a safe environment.
Finally, when the buyer stops using your bandwidth, all traces will completely vanish from your system. It will be as if the buyer never used your bandwidth. This ensures the safety of the seller as all history gets deleted completely. This will encourage other people to sell their bandwidth as well.
Opportunity to make money from it
The majority of you may have high-speed internet, and chances are you may have unused bandwidth as well. Why not offer your bandwidth to the community members and earn rewards in the form of SPDR tokens? This will not only benefit you but the buyers as well, as they get access to content that may be blocked in their country.
This approach will significantly benefit the SpiderDAO itself and the community as a whole as well. As discussed earlier, a small fee will be charged, which will go into the SpiderVault, which will be used for future projects.
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.
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