SpiderDAO AMA Recap
CryptoDiffer team
Hello, everyone!😁
We are glad to meet here
Nathan Varty, CEO at SpiderDAO
Anas Sayed, CTO at SpiderDAO
Žiga Flis, Co-Founder at SpiderDAO
CTO at SpiderDAO, Anas Sayed
Hi everyone, Thanks for having us today!
CEO at SpiderDAO, Nathan Varty
Hi thanks for having us we are looking forward to this 😉
Co-Founder at SpiderDAO, Žiga Flis
Hello!
CryptoDiffer team
Q1: Can you introduce yourself to our community ?
Co-Founder at SpiderDAO, Žiga Flis
Hi, My name Is Žiga before co- founding SpiderDAO, I was the Chief Technology Officer at RiveX, where I spearheaded the development of various blockchain solutions. I am experienced in on and off-chain technologies and I have a passion for developing decentralized solutions.
CEO at SpiderDAO, Nathan Varty
Hi, my name is Nathan, the CEO at SpiderDAO. I have a background in IoT Development and Operations for the past 20 years with several successful exits under my belt. Successfully overseeing Spider VPNs operations since 2017, growing the business to over 6000 users across 18+ countries.
CTO at SpiderDAO, Anas Sayed
Hi, I am Anas the CTO at SpiderDAO. I have been in the networking field for many years and have already had experience in running different projects and driving them to success and I am always eager to bring the best ideas & new tech wherever I can.
CryptoDiffer team
Can you briefly tell us what is SpiderDAO in 3-5 sentences?
CEO at SpiderDAO, Nathan Varty
SpiderDAO is about protecting your internet privacy while browsing the internet, getting paid for selling your bandwidth, and giving the community a democratic say in how the ecosystem grows and matures.
With our innovative Hardware DAO concept we introduce a dual-governance model which bundles together hardware and software tools with on-chain elements, providing a “whale-resistant” governance solution.
We solve the democratic voting problem that many DAOs face nowadays by allowing each user to vote only once, regardless of the number of tokens the user holds. The hardware component- you need to have the SpiderVPN router- ensures that only those can vote who are actually using our product and are therefore part of the SpiderDAO community.
CryptoDiffer team
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans
CEO at SpiderDAO, Nathan Varty
The main milestones right now would be a successful TGE launch tomorrow the 15th of December and trying to keep up with the same amount of community engagement even through the holidays. Once that it’s on its way we will focus hard on our roadmap and try to deliver every feature, update & App in the designated timeframes as you can see below.
We move into the critical stages in the next Q1. We will be drawing on every aspect of our experience. Our Strategic private sale was an overwhelming success being oversubscribed within 24 hours which was amazing. Tomorrow we will be initiating our TGE. Once this has been completed we will be moving into the release of the Utility mining planned to be launched hours after the TGE. As we now have access into the substrate builders program our main focus will be to get the DAO development up and running and communicating with our SpiderConnect Routers.
CryptoDiffer team
Awesome, a lot of updates to come out!
Thank you for great answers!
I think it is time to start community questions round!
Cryptodiffer Community
Can you explain about the bandwidth monetization, how does this function technically for the users ?
Co-Founder at SpiderDAO, Žiga Flis
In layman’s terms: You can join the DAO and set up your Router as part of the dVPN (Decentralized VPN). Others will then be able to use your bandwidth for which you get paid. Once the feature is fully developed, you will have the ability to turn your router into a node and create a passive income while you sleep. These features will be available on our SpiderDashboard.
Cryptodiffer Community
Tell us the benefits of ” dVPN ” over the traditional VPNS?
Co-Founder at SpiderDAO, Žiga Flis
The decentralized VPN increases the users security and privacy compared to using a centralized one. Additionally, we don’t make any shortcuts on speed and reliability. We are absolutely competitive in these areas and even beat most of the known VPN providers. However, with SpiderDAO we are able to add features none of our competitors can. I mean, selling your bandwidth, getting passive income and at the same time taking part in the democratic decision making process through our DAO is surely nothing I can see with any competitor.
Cryptodiffer Community
There are already a lot of good VPN are out in the market already, so what is the edge of Spider Dao that people will be attracted to use your platfom? For new users, what are the welcoming benefits and packages are you offering?
CTO at SpiderDAO, Anas Sayed
We are offering a handy solution which uses our SpiderConnect router on the heart of where you are not only connected to our VPN network and your traffic is being encrypted while keeping your speeds at a steady limits but also we have DNS unblocking services + ad blocking techniques & DPI filters to avoid malicious traffic going through your network plus DAO operations which will be included on top of all of these services and much more services still to come on our roadmap.
Cryptodiffer Community
What is main potential Threat do you see in the Blockchain Technology Currently?
What is the real life problem SpiderDAO is aiming to solve with Blockchain?
CEO at SpiderDAO, Nathan Varty
I can’t see blockchain technology being stopped any time soon, as for threat it will almost certainly be down to hacker and vulnerabilities found in outdated code. We will always strive to keep out tech up to date and up to the latest secure FW version. The real-life problem we solve is
1. many people are using the internet without security.
2. the problem with Dark DAOs today
Cryptodiffer Community
#SPDR community is growing, SO how can we user help you and How can we contribute your quota towards your success?
Co-Founder at SpiderDAO, Žiga Flis
Our community can help in many different ways like be a part of our dVPN network and we will be adding more UX beta testers to our current group soon so our community can be hands on with our development. We have also secured many great minds in our community to help with other aspects in our project. You can also take part in the future by deploying a node and make a passive income while getting our ever growing network even bigger.
Cryptodiffer Community
What exactly is the long-term vision of spiderdao for its users ?
CEO at SpiderDAO, Nathan Varty
It is SpiderDAO’s vision to create a provable, open source, decentralised VPN as well as adding a multi layer privacy solution where you are not only secured through the DAO, but also your home network is secured with our dVPN and ad blocking. Of course all your data would be encrypted through dVPN to ensure that all your network traffic is secured when leaving or entering the home network.
Cryptodiffer Community
Do you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?
CTO at SpiderDAO, Anas Sayed
Yes we are planning to do hacathon maybe late 2021 and we will also have our code as an opensource so our community to audit and contribute if they are interested and we will also build SDK with needed toolchains and APIs for developers to build on top of our solution.
Cryptodiffer Community
How do you plan to explain such technical topics to a wider audience?
CEO at SpiderDAO, Nathan Varty
We are rasing awareness and creating educational content to be be distriubuted to the wider audience. This will help with future adoption. We are also spreading the word to existing users of SpiderVPN who have over 6000 users and most of them already have a router to use if they would like to get involved in the SpiderDAO.
Cryptodiffer Community
Asides participating in DAO, are there other benefits accrued from holding SPDR? How do I get passive income from holding?
CTO at SpiderDAO, Anas Sayed
Your SPDR tokens will be your gateway to our marketplace and paired together with the router you can start making passive income with your leftover bandwidth + We are also offering free VPN service for anyone staking 500$ worth of LP or more and more services like SpiderCloud & SpiderChat still to come.
Cryptodiffer Community
It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term.
How do you plan to make this project sustainable for its development?
CEO at SpiderDAO, Nathan Varty
As we have a working product already this will offer real life use case with a tangible product you can use right away.
Cryptodiffer Community
If voting on SpiderDAO requires the Router, do you think people will decide to pay for this product in order to vote? Will SpiderDAO voting be available to a small number of voters?
CTO at SpiderDAO, Anas Sayed
The SpiderConnect router is not only used for users to take part in our DAO governance but also it can be used to secure your network through our VPN network while avoiding malicious traffic going through your network and also it acts as an Access Point to increase your household wireless range accoss you house plus the passive income you would be able to make in the near future with your leftover bandwidth
Cryptodiffer Community
What methods are you using to calculate the leftover bandwidth? Is this something where the Spider Market comes to play & users could sell the leftover bandwidth there?
CTO at SpiderDAO, Anas Sayed
Yes that’s correct. We will give our users the ability to set the maximum bandwidth can be used on Down/Up stream directions and the maximum bandwidth can be used as well on weekly/monthly basis so you can have peace of mind and not getting annoyed of much traffic is being taken from your connection to the other users, We will also make sure that we prioritise your traffic to be served first.
Cryptodiffer Community
How does #SPDR rate the importance of the user community?
CEO at SpiderDAO, Nathan Varty
We truly value our community, they are the core foundation of our project and everything we do revolves around our them.
Cryptodiffer Community
How do you plan to show the world that your product is not just useless blockchain solution to a non-existing problem?
CEO at SpiderDAO, Nathan Varty
SpiderDAO was born out of an existing business, SpiderVPN which has been going as an established business with 6k+ users across 18 countries for over 3 years. We have an established and trusted core team who I have personally worked with for many years and we will scale our talent as needed. Our team share the same passion and common values to ensure we execute against the SpiderDAO roadmap objectives, with financial incentives aligned for long term success. We will leverage every part of our experience to drive that to show the world what we are all about.
Cryptodiffer Community
What future developments do you expect to attract the largest institutions?
CTO at SpiderDAO, Anas Sayed
Our future plans for implementing SpiderCloud & SpiderChat along with our upcoming cyber security solution we are working on will be the gateway to attract the leading instituations along with our marketplace to make a passive income and businesses to use our blockchain to secure their network and keeping their traffic & network critical data secure & safe
Cryptodiffer Community
What’s your motivation in making $SPDR Token, Why you need a token for VPN service? How can token holders benefit with $SPDR tokens?
CTO at SpiderDAO, Anas Sayed
Our decision to build SpiderDAO was not a “quick idea”, it has grown over many months and involves the experience of a couple of years in the internet privacy business.The ambition behind SpiderDAO was to leverage the foundations we’ve built to date to create a much more scalable and democratic platform to bring online privacy to the end user. Holders can benefit from holding a tokens in various cases, one of them would be an actual SAFE free VPN & also you get to access all the features listed on the spider Dashboard + a chance to monetise your bandwidth.
Cryptodiffer Community
How will the SpiderConnect router ensure that stacking of hardware devices is instantly detected by the network, and how can it get additional security by voting to maximize security?
How does SpiderDAO combine hardware and software tools with elements on the chain to prepare a “durable” governance solution and integrate the governance model into the DAO concept??
CTO at SpiderDAO, Anas Sayed
We are integrating into Polkadot ecosystem and that will be bridged through our SpiderConnect routers which will be syncing in near real time and we are planning to write a substrate faucet to communicate with our discord server for our customers to send the token needed for the vote, Initiate voting, pass on the vote for the voting process that would be operated through our discord server while later real votes will be done through our substrate faucet until the final Polkadot/SpiderDAO flavour features are fully-fledged with the SpiderConenct routers. As the security is in the heart of your project, All requests related to the DAO opeartions will always be served at the first of the traffic queue while being encrypted to make sure our customers enjoys the highest levels of security when using our solution
Cryptodiffer Community
#SPDR community is growing, SO how can we user help you and How can we contribute your quota towards your success?
CEO at SpiderDAO, Nathan Varty
That’s is a wonderful question, you can get involved at any level, you can tweet, you can share the good word on telegram, you can participate in the LAU, you can participate in the DAO, and you write articles about us.
Cryptodiffer Community
What other utilities are you and your team working on?
CEO at SpiderDAO, Nathan Varty
For this we have the SpiderVault to support future ideas and plans,the vault will be allocated to fund future project and endeavours directly aimed at supporting the ecosystem in its globality. We plan to have incentive programs for validators, Bug bounties, Hackathon, Grants to develop new products under the SpiderDAO Umbrella, Decentralized SpiderChat, SpiderCloud and SpiderMail.
CTO at SpiderDAO, Anas Sayed
Thanks @makscryptodiffer and everyone for joining our AMA and I have to admit we had some very good questions and we hope that you can get onboard and be a part of our community!
Co-Founder at SpiderDAO, Žiga Flis
Thank you for having us! See you in our Telegram group @SpiderDAO
Cryptodiffer TEAM
Thank you for you answers, it was an insighfull session
Thank you everyone who participated, great questions as always!
