Recent weeks have shown the enormous profitability of cryptocurrency and the possibilities that lie with altcoins and utility coins. Platforms like SpiderDAO are continually making the case for decentralization by focusing on the blockchain essential, i.e. true decentralization, security, and privacy.
SpiderDAO (SPDR) has today announced a new listing on Liquid cryptocurrency exchange. Current trading pairs include SPDR/BTC and SPDR/BTC The listing highlights the importance of the platform in the decentralized industry. More institutions are taking notice of the strategic turn SpiderDAO opted for while seeking to increase blockchain adoption.
Nathan Varty, SpiderDAO CEO commented on the listing saying “Today’s announcement is a great leap forward for our SpiderDAO project and is indeed a very special day for all members of my team and the wider community with our first CEX listing.”
What to Expect From the Listing?
The new listing is a fantastic way for SpiderDAO to grow even further into the world market. With its exciting services and a whale-resistant governance system, SpiderDAO can thrive in any market. Here are some of the advantages of the new listing:
- Exposure to a new or broader market?—?Each listing usually has its following that participates exclusively in that exchange. SpiderDAO’s appearance in the new exchange will expose it to such traders thus broadening its global reach. The listing provides a good ground for enhanced visibility of SPDR. For traders of the token, the new market creates new avenues for trading that provide them with more trading options than are currently there.
- Creating trust in Spider DAO?—?The new listing provides a fantastic way through which SpiderDAO can cement the trust that exists between the platform and its users. It will also improve its credibility to its targeted audience. The new listing means that SpiderDAO went through vetting and met the acceptance criteria for set by the exchange. This creates trust and confidence amongst traders participating in the exchange. It proves to you that the platform is transparent, a quality that may improve the overall token performance of the platform.
- Source of liquidity?—?The exposure to a new market creates the opportunity for SpiderDAO to improve its liquidity status. Aside from the trading advantages, users may find SpiderDAO services lucrative. Some may even go as far as participating in the SpiderDAO ecosystem, which may mean improved liquidity for the platform.
- More trading options?—?Frequent cryptocurrency traders will have more trading options with the new listing. The exchange may provide the opportunity for new trading pairs that involve the SPDR token.
- Better trading prices?—?New markets introduce interesting dynamics in terms of the supply and demand of a particular product or service. This may result in new trading prices for the SpiderDAO token favorable to both the buyer and the seller.
- Increased confidence in the platform?—?The new listing means that there is even more acceptance for Spider DAO by the industry. Such positivity from the industry increases the morale and confidence of the team behind the platform, prompting them to create even better products and services for you.
Further Positives for the Quarter
The first quarter of 2021 is drawing to a close. SpiderDAO continually proved its mettle with the strategic decisions it opted for. This saw more partnerships with platforms covering diverse categories of decentralization. Its LAU program is also a big hit judging from the many platforms that are getting on board.
Some of the latest releases from the SpiderDAO roadmap include, but not limited to:
- SpiderDAO LaU with AnRKey X is LIVE
- SpiderDAO joins PolkaPets to create unique NFTs for the Polka ecosystem
- Partnership with Royale Finance
- SpiderDAO Marketplace
SpiderDAO’s Momentum Continues to Increase
New listings are usually followed by some type of promotion that offers good deals on tokens either through purchases or participation in select programs. You can monitor SpiderDAO via their Twitter to pounce on any offer they may announce. If you are already trading in that platform, be on the look-out for SPDR token pairings that will suit your portfolio.
You can find more about SpiderDAO via their website.
Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advice in any situation. Please remember to DYOR before making any decisions.
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