The SPDR Private Sale
Today, we are excited to launch the SpiderDAO private token sale. The main goal of the private sale is to distribute the initial supply of SPDR tokens to the community and select partners, who we believe will be able to add strategic value to the project.
apply for private sale here
Early participants in the token sale who contribute more than $2,000 will also receive a free SpiderConnect router. This will allow us to effectively seed the SpiderVPN network.
SPDR Initial Listing
Following the private sale, we will work to make SPDR token available on decentralized exchanges. We are also engaging in discussions with centralised exchanges. To ensure sufficient liquidity for the SPDR token in the markets, we plan to allocate up to 6% of the total supply.
SpiderDAO’s vision is to bring unparalleled online privacy to the end-user. In today’s world, building a sustainable and fair product includes listening to the community on governance, product evolution and development. Unlike the tech giants, we believe that the end-user should be rewarded for helping to create economic value. We see Decentralized Autonomous Organisations (DAO) as best suited to achieve this level of community governance and participation.
Unfortunately, the existing design of most DAOs has numerous flaws and vulnerabilities, which is why the first step to fulfilling our vision is to build the world’s first hardware-enabled DAO. By bundling hardware and software tools on top of the Polkadot consensus protocol, we can create an inherently democratic and whale-resistant governance system.
Solving the DAO governance problem will allow us to build a genuinely decentralized VPN powered by the community, which is the most robust and scalable way to deliver near-complete privacy and online security to the world.
Spider Token (SPDR)
Our token, SPDR, is designed to be much more than a simple governance token. Token holders can gain free access to decentralized SpiderVPN via “Liquidity as Utility” while simultaneously being able to participate in our liquidity mining program. 60% of the SPDR total supply will be unlocked via liquidity mining. We believe that rewarding liquidity providers is the most democratic way to distribute governance rights to the community. That being said, we are a DAO, which means that staking SPDR, in combination with having a validated SpiderConnect router, would be required for participation in governance.
Over time, we will add additional features and functionality for the SPDR token. For example, router owners will be able to buy and sell bandwidth denominated in SPDR via our marketplace.
Building for the Future
The private sale is just the first step in what will be an exciting journey to deliver online privacy to everyday internet users. Over the next few months, we will share more details about the Spider Ecosystem, our token economics and different ways to participate in the SpiderDAO. We are looking forward to establishing a new standard for community governance in the crypto space.
A fair, resilient, secure and robust DAO will be the foundation block of the SpiderDAO ecosystem. Get involved with the Spider token (SPDR) and SpiderVPN, both crucial elements of the Spider ecosystem, coming with their own utility. These components will help us fulfill the SpiderDAO’s vision of bringing uncompromising privacy to the end-user, in a fair and transparent fashion. Join our community Telegram or head over to our website for more information.
apply for private sale here