SpiderDAO Announces TestNet Deployment | cryptotrade247.eu


Decentralized VPN service SpiderDAO reported the completion of a major milestone with the launch of the SpiderDAO TestNet on Discord. The service will be rolled out to a channel where select members will be invited to do their own testing.

The TestNet provides a clear demonstration of the various SpiderDAO functions and capabilities that will shortly be included on the SpiderDAO Pro Router. These include wallet creation and management along with that of private and public keys, the governance of proposals and referendums deployed on the DAO, as well as voting options. Future additions are expected in the form of decentralized KYC data and a fully functioning multi-currency hardware wallet.

SpiderDAO CEO Nathan Varty shared a forward-looking statement.

“The SpiderDAO TestNet on Discord is the first in an ever increasing list of services that we intend to include in our Spider VPN Pro Router firmware. Our SpiderDAO firmware will shortly be capable of hosting a number of other services all from within the same easy to use interface.”

All these services and facilities are powered by the $SPDR token which is at the heart of the SpiderDAO ecosystem.

SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organizations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism while creating a highly scalable, interoperable and stable governance system.

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