SpiderDAO is excited to announce a partnership with the PAID network, an ecosystem dAPP that leverages blockchain technology to deliver DeFi powered SMART agreements to make business exponentially more efficient. The PAID Network enables users to create their policies through PAID’s simple ‘SMART’ agreements, standardized contracts with autofill smart features. Other features in the PAID Network include Incentivized lending and liquidity pools, pioneered through their reputation scoring, allowing users to work and transact with one another based on reputation.
Through the partnership, PAID Network will leverage SpiderDAO’s dual-governance DAO model in designing its ecosystem governance model, as well as utilize SpiderDAO’s decentralized VPN (dVPN) service to further secure PAID’s network. This is a giant step forward enabling PAID to bring its SMART Agreements for all your business needs, to the market, sooner, and in the utmost integrity and anonymity. In turn, SpiderDAO will explore and utilize PAID’s SMART Agreements to create and strengthen future internal and external agreements and streamline operations.
Kyle Chasse, CEO of PAID Network, had the following to say:
“SpiderDAO’s technology allows for trustless DAO governance in the true ethos of the industry; and since PAID is all about trustless SMART agreements, SpiderDAO proves to be an essential building block in our ambitious goal of bringing PAID’s DApp to the market. I couldn’t be happier to have such a strong, essential, and solid partner in our corner. Thank you SpiderDAO for your partnership.”
Nathan Varty, CEO of SpiderDAO, had the following to say:
“We are thrilled to collaborate with PAID Network, offering them the ability to create fair governance in their ecosystem is a huge step to collaborate on the future of blockchain tech. The essential work they are carrying out on trustless SMART agreements will be a giant step in the evolution of the blockchain industry or business in general.”
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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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.
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