SpiderDAO, a bleeding-edge data security and VPN privacy project, has announced the listing of its native $SPDR token on the Liquid cryptocurrency exchange. The $SPDR token can be traded with Tether (USDT) and Bitcoin (BTC).
SpiderDAO was founded in 2020 and is the first hardware-enabled Decentralized Autonomous Organization (DAO) that is powered by the blockchain. Built using Polkadot, SpiderDAO brings provable, open-source, and fully decentralized VPN services to users while ensuring data privacy and encryption via a multi-layer, secure protocol, thereby overcoming many of the traditional challenges and shortcomings seen with current best-in-class DAO projects. All traffic entering or leaving the network is secure and private, and the network comes with all of the strengths of Polkadot: seamless interoperability, cross-blockchain transfers of any data or asset type, transactional scalability, and robust innovation using the Substrate framework.
This important development is a testament to the steady growth of the SpiderDAO ecosystem. As a multi-functional utility token, $SPDR is required to unlock the many features and services of the network. It also determines voting rights on the network.
The CEO of SpiderDao, Mr. Nathan Varty, called the listing a great leap forward for the SpiderDAO project since it is the project’s first CEX listing, and Žiga Flis, one of the project’s co-founders, highlighted the importance of the $SPDR token in helping users capture the value created by SpiderDAO products and services and said that the token’s value was built to reflect the rapid growth of the SpiderDAO ecosystem.
At the Liquid exchange, Harvey Kim, Head of Listings, said that Liquid was happy to be part of SpiderDAO’s successful journey so far and was excited to offer SPDR trading to Liquid’s vibrant trading community. Liquid boasts daily trading volumes of over $300 million and listing the $SPDR token on Liquid will provide wider availability and greatly improved liquidity for the token, helping to power sustainable growth of the SpiderDAO ecosystem as it enhances its product suite and enters new markets.
Liquid was founded in 2014 and was an easy choice to make for the SpiderDAO team. Liquid is one of the world’s largest cryptocurrency-fiat exchange platforms. It serves millions of global customers and helps build a secure and progressive cryptocurrency ecosystem suited to all market participants thanks to its relentless focus on great user experiences and world-class service levels. Liquid is a pioneering innovator that helps open access to new markets and fiat gateways and is an enterprise-grade exchange that caters to the needs of both blockchain projects and consumers. With $SPDR trading now open on the exchange, we expect greater interest in SpiderDAO products, services, and the $SPDR token in the weeks and months ahead.