AMA

AMA Recap: TAG x SpiderDAO (English)

On the 4th of January, TAG community has a Telegram AMA with SpiderDAO.
At the AMA, Nathan Varty – CEO and Ziga Flis – Co Founder and introduce and share many Interesting information about SpiderDAO.
– Place : https://t.me/TAGVietnam
– Time : 20h00 (UTC+7) January 4th, 2021 at TAG community Telegram
– Airdrop : 100$ and 2 routers + 3vpn subscriptions

And here are the key takeaways of the AMA:
TAG: The AMA would be happened as follows:

  • Segment 1: Greeting and Introduction.
  • Segment 2: Answer the closed question from community (5 questions)
  • Segment 3: Live Q&A session (5 questions)

TAG: Firstly, Could you please introduce about yourself and SpiderDAO?

SpiderDao: – Hi my name is Žiga, Before joining SpiderDAO, I was the Chief Technology Officer at RiveX, where I spearheaded the development of various blockchain solutions. I am experienced in building both on-chain and off-chain technology with a deep passion for developing decentralized solutions. But before discovering crypto I was working as a Systems Engineer for a few companies.
– Hey I’m Nathan, the CEO at SpiderDAO. I have been a serial entrepreneur with a background in IT Development and Operations for the past 20 years with several successful exits under my belt. I have been leading SpiderVPN since inception in 2017, growing the business to over 6000 users across 18+ countries and now growing rapidly.

TAG: Could you introduce something about SpiderDAO?

SpiderDAO: SpiderDAO is all about bringing unparalleled online privacy to the end-user. As a Decentralized Autonomous Organisation (DAO), it requires addressing the shortcomings of current DAO frameworks. We do so through a multi-layered governance setup based on hardware and software tools on top of a Fair & Resilient Hardware-based DAO built on Polkadot. Our ecosystem, then, is built on the foundations of fair governance. It includes the SpiderDAO, SPDR Token, and the SpiderConnect Router, which come together to create a robust, scalable, and community-driven ecosystem that will keep up with the pace of technology change and stand the test of time. Today, we would like to shine the spotlight on the SPDR token and its utility within the SpiderDAO ecosystem.

TAG: To continue, we turn to Segment 2: Answer the closed question from community.
Now we turn to 1st question: According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

SpiderDAO: One of the main milestones is releasing quite soon “hint,” and it’s our LAU Program that will enable users to stake 500$ worth of LP tokens and receive a free continuous VPN subscription for the stake duration. Next to that milestone, we are heavy in delivering the rest of the Q 2021 roadmap, which includes building our Hardware DAO on Polkadot. Once that is on its way, we will focus hard to deliver every other feature, update & App in the designated timeframes, as you can see below.
The Answer to the 2nd Part of this question is as follows: Internet privacy is nothing new to us. With SpiderVPN (founded in 2017) we have a successful business in our niche, an existing user base and the advantage of a deep market understanding. The 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. Additionally, with our successful private sale we finally have the funds needed to pull it off. Our current plans are heavily focused on community engagements, as you can see that we are very busy with AMA’s, we are just trying to put our product out there for everyone to see & to see why hardware has a really huge potential impact in the crypto space. In the future, we will also try to engage in crypto events when of course the current situation in the world resolves itself.

TAG: Thanks for your sharing. And the second question: How tight is your platform security and what is the audit process for these projects to protect investors – especially SpiderDAO users?

SpiderDAO: When it comes to security at SpiderDAO, being the VPN company we are, we knew that we needed the best company in the business, so we hired a well-known household name Certik to take care of all. Of our smart contract audits, we received a certificate for it as well, which can be seen here.

TAG: Thanks for your helpful information. The next question, What is LAU program? How can I join this program? If I am holding SPDR Token and own SpiderConnect Router, what SpiderDAO’s services can I use?

SpiderDAO: By providing liquidity to the SPDR liquidity pools and staking the equivalent of at least $500 in Liquidity Pool (LP) tokens ($SPDR – $USDT, and $SPDR – $ETH pairs), users will be eligible to claim a free subscription for virtual private network (VPN) services through SpiderVPN. For as long as the users staked LP Dollar value is more than $500, they will receive a complimentary VPN subscription. Simply put, by providing liquidity, users will gain access to additional services offered by SpiderDAO that users wouldn’t get from other projects. SpiderDAO calls this mechanism “Liquidity as Utility” or LaU. As a $SPDR holder and liquidity provider, you can get a free VPN from spiderVPN. But perhaps the biggest value feature in our system is the availability of monetizing your bandwidth and thus creating passive income. There will also be various other features available on the Spider Dashboard that will no doubt help the Ecosystem thrive. These will be getting released in the future to watch out for this please stay tuned to our Announcement Channel.

TAG: We will turn to the 4th question: Do you have a plan to attract non-crypto investors to SpiderDAO and how? What actions to raise awareness about SpiderDAO in the non-crypto space especially for new users?

SpiderDAO: Yes, our current aim is heavily towards crypto users due to the fact that we want to create something unique and different from our competitors. Our uniques really show when it comes to more advanced VPN protocols & privacy, and security, but that doesn’t mean we won’t try to capture the non-crypto market as well. It’s entirely on the contrary. Once we perfect our user experience, we will start participating on even more social platform combining them with constant ads and opportunities and adding people in through retail, reseller and affiliate programs.

TAG: Thank you for providing such useful information! The last question of this segment: You mentioned that our data with the SpiderDAO is much more secure than with our ordinary VPN. What are the security measures of SpiderDAO?

SpiderDAO: When it comes to competitors there are obviously well known companies on the market such as NordVPN or ExpressVPN etc. etc.., but mostly they use the old protocol called openVPN which is just slow in speed and doesn’t offer the best protection. We come in here with another solution of a newer protocol based on wireguard, which not only limits your speed drop off to max of 10%, but also brings multi-layer security when paired with SpiderConnect router. This security includes state-of-the-art cryptography, like the Noise protocol framework, Curve25519, ChaCha20, Poly1305 which has gone through formal verification, covering all aspects of the cryptography, protocol, and implementation. It’s also worth mentioning that we will be moving to an even newer protocol next year, which will not only further reduce the speed drop on the VPN, but it will also allow you to have multiple levels of security up to 5 server jumps.

TAG: Thanks for your detailed answer. Now we turn to Segment 3: Live Q&A session. At this segment, I will open the chat a few minutes to receive the questions. Let pick your favorite ones when the chat’s closed (5 questions)

Guess: Briefly explain the features/improvements you are planning to add to your products in the near future and the Ecosystem?

SpiderDAO: The SpiderDashboard will be the control centre for all of the SpiderDAO products, it will also offer access to a multitude of features including; In the Dashboard, You can opt into the governance mechanisms by adding your Wallet address & Spider Identifier, once qualified you can then Vote and put up proposals on features, products and development of the SpiderDAO. The SpiderWallet offers safe passage to the wallet where the end-user can send and receive SPDR tokens. The SpiderMarket will be designed so that you can access the marketplace in which you can BUY/SELL your bandwidth in exchange for SPDR tokens. Our users will have the ability to manage and update their SpiderConnect Router from the Dashboard. Members can also participate in the Liquidity as Utility (LAU) concept mining including checking your balance, your rewards and your current amount of tokens in liquidity. This includes an offer of VPN Rewards where you can stake your tokens to gain rewards to the access free VPN services.

Guess: Besides of being necessary for voting, what other use will the SpiderDAO Router have? Will I be able to use it instead of my conventional router? Will my data be safe when using this form of connection?

SpiderDAO: The router will have many other features available that will be closely linked to our Spider Dashboard, probably one of the highest value ones will be a bandwidth monetization feature which will actually allow you to make passive income with the router. The router also offers 2.4Ghz and 5.8Ghz WIFI connections, With the addition of the new firmware you will be able to replace your conventional router with it and it will act as your main unit. In terms of safety when it comes to the connection, we have already mentioned that in the question above, ”strong firewall techniques that use Netfilter and iptables in addition to our always updated dpi filters for the routers and across the whole network, protection against DDoS attacks and we have kill-switch deployed for customers by default in addition to our DNS services which makes sure none of the customer packets are being leaked through their ISP. So as you can see security is not being taken lightly at SpiderDAO.

Guess: The market today has a lot of development projects on the Blockchain platform. One of the factors that makes the platform appealing to many users is its special features. So, what are the outstanding features and advantages of SpiderDAO to attract users and investors?

SpiderDAO: Yes our approach from the start was based all around interaction & friendly community support, even when it came to private sale we took a very unique approach and made sure to talk to every single investor in order to build the strongest community and as our social medias continue to grow it has become very challenging to keep up with that certain high level, so as already mentioned before we are currently in process of bringing some more professional people to help us with the maintaining the high level of interaction and growth.

Guess: How are you planning to stand out in the midst of competition?

SpiderDAO: 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.

Guess: Partnerships are crucial for Adoption, so can you tell us what partners you have currently and future partnerships.

SpiderDAO: We have multiple announcements coming in the next month, we are aware that collaboration and partnerships are one of the cornerstones to making DeFi more widespread, we are not able to disclose these today but you can join our channel and keep and eye out this coming month.
Some of our current partnerships and supporters.

TAG: Thanks so much for coming here today and taking your time with very detail answers. I hope that TAG would be the great partner of SpiderDAO in Vietnam!

SpiderDAO: Yes, we are very proud to be part of your community, thank you for all the amazing questions!