SpiderDAO Private Sale Closed with Overwhelming Demand

It has been made abundantly clear that the blockchain community values its internet privacy and the interest in the SpiderDAO hardware-based DAO governance model has been astounding.

The private sale for SpiderDAO tokens was well oversubscribed within less than 24 hours of being announced.

The team has been humbled by the response and we thank everyone for their expressions of interest and look forward to moving into the next phase of this exciting project.

Private Sale participants are currently being selected based on the strategic value that they can bring to the project. Notable blockchain figures, venture capital funds, synergistic projects, developers, designers, media influencers, and most importantly enthusiastic community members are all among the accepted participants.

SpiderDAO CEO and Founder, Nathan Varty, said,

“We are truly grateful for the genuine demand for our project and we are thrilled that so many people are interested in being paid by their router while safely, securely, and speedily accessing the internet.

We know that the DAO model is one with enormous scope and potential but it currently has limitations. By uniting our unique hardware voting system with the DAO model we can create a new paradigm for this emerging space.

This is an exciting time for the whole team and we thank you for your support!”

To all our supporters that do not receive a seat in this sale, we would like to apologize and thank you for your interest. We are adding over six times the initial market cap into launch liquidity to ensure that there is sufficient depth for safe participation on DEX listing.

Following the completion of the Private Sale, the SpiderDAO team are focused on three main areas:

1) Liquidity. Rapidly bringing the SPDR token to secondary markets for public participation. We expect the SPDR token to be initially available on a DEX within the next 2–3 weeks. CEX listings will be negotiated shortly thereafter.

2) Market Expansion. A decentralised Virtual Private Network grows stronger with the addition of every new router. Securing and announcing a series of high-profile strategic partnerships to unlock new markets and users is a key priority. We already have a number of exciting partnerships secured and / or under discussion. These will be announced in due course and should provide more insight into our strategic vision.

3) Development. Core to everything is the development of the DAO. We have announced our development roadmap and will be taking strides to completing all tasks on or ahead of schedule.

Again we thank you for your interest and support and look forward to you joining us on this journey!

Website: https://spiderdao.io/

Telegram: https://t.me/SpiderDAO

SpiderDAO is the industry’s first hardware-enabled DAO that bundles multi-layered hardware and software tools on top of Polkadot. https://spiderdao.io