Discuss about SpiderDAO / built on Polkadot

[Paycoinzzz]

Today, when I was surfing the newsfeed on Twitter, I came across Top7ICO review of SpiderDAO,




I find that it has many great partner and backed by many investment funds like Moonrock capital, capital Vendetta, ... Will they continue to make SpiderDAO as great as the previous projects they've invested in?


Also, just recently they announced an important news that is will list on Polkastarter. Link to the news on Medium : https://bit.ly/3gBRqEH

- So, what I wish is that we will have a serious discussion about SpiderDAO and I will appreciate the in-depth analysis of the future and its technology.

! And my main question is do you feel this is a real hidden Gem or is it just a regular Defi project shill? Let me know your idea after analyzing SpiderDAO, many thanks.

[MoreStamps.Global]

It has created a hype indeed. Leave your hidden gem analogy aside, if you are here to take your profits, try your luck in this one.

[Nivia1st]

I don't know how profitable this project is. but I see a lot of people who are enthusiastic in their presales. some even use a transfer fee of up to 500 gwei just to be able to participate.

[jacafbiz]

It seems anything listed on Polkadot now is going to generate hype. There is nothing new about this idea,  we have projects in the space offering similar thing that do not generate this kind if hype, Helium is similar to this. One thing I think will happen is that people will duplicate all successful projects on Ethereum and list them of Polkadot IMO

[coinporch]

just saw this project at coinmarketcap, https://coinmarketcap.com/currencies/spiderdao/
but i have a question, how much the price from this project during the ICO
because today the price down really hard depends on coionmarketcap data

[GreatArkansas]

I am not a hater of Polkadot.
But projects these days under Polkadot seems still early, we all know what Polkadot can do and their goal or roadmap, they started to work on what Ethereum's problem or difficult to implement.
I also started to hunt some altcoins before that is under on Polkadot since I think I am already late to ride on Polkadot, but I changed my mind after I deep research the Polkadot itself. What I want to see first is a huge demand for Polkadot before the projects under it.

[kolesozw]

I am not a hater of Polkadot.
But projects these days under Polkadot seems still early, we all know what Polkadot can do and their goal or roadmap, they started to work on what Ethereum's problem or difficult to implement.
I also started to hunt some altcoins before that is under on Polkadot since I think I am already late to ride on Polkadot, but I changed my mind after I deep research the Polkadot itself. What I want to see first is a huge demand for Polkadot before the projects under it.

You are right, DOT projects these days remind it what WAVES was a few years ago when it was trying to compete with Ethereum. SpiderDAO looks promising, I will follow it, and let's hope that DOT project will not follow the WAVES destiny in oblivion.

[Bvvvp009]

just saw this project at coinmarketcap, https://coinmarketcap.com/currencies/spiderdao/
but i have a question, how much the price from this project during the ICO
because today the price down really hard depends on coionmarketcap data

https://i.imgur.com/2ADBbwT.png

SpiderDao recently completed its Sale on Polkstarter platform, and listed in uniswap, Sale @0.032$ ( approx.) Listing price Around 0.1$, Now ATM it's trading @0.049$, it's still 1.5X. and MAHA Dao returns were 4X+

[leea-1334]

SpiderDao recently completed its Sale on Polkstarter platform, and listed in uniswap, Sale @0.032$ ( approx.) Listing price Around 0.1$, Now ATM it's trading @0.049$, it's still 1.5X. and MAHA Dao returns were 4X+

trading at less than 50% of listing price DURING a bull rally for Bitcoin and Defi does not sound very hopeful at all,,, but anyway this is the case seemingly for most other defi projects trying to get beyond listing price.

Makes me wonder,,, maybe bonding curve sales are a good idea after all?