After years of development, the team at Mysterium Network, a decentralized VPN protocol and ecosystem, announced that on Monday, November 22, it will launch its core network on the Ethereum and Polygon core networks. During the testnet, the Mysterium VPN app was downloaded 400,000 times, with over 114,000 monthly active users (MAU).
Mysterium is powered by a global peer-to-peer market. Users turn their devices, such as Raspberry Pis or computers, into nodes, which act like miniature servers. These node runners can then sell themselves their spare Internet resources, such as bandwidth and IP address. This creates a censorship-resistant layer of the internet. Currently, 900 TB of traffic is served each month and millions of P2P micropayments take place on the network every day.
“Our network is already being used by people around the world to bypass the censorship, blackouts and surveillance they experience in their daily lives. But internet censorship is only expected to worsen in 2022. We need to undo decades of abusive centralization and make sure our web infrastructure withstands political and corporate control. It’s an exciting time for the future of Web3, and we have big plans to make the Internet truly borderless. More details on the new direction of our project will be shared next week.
– The Mysterium network team
Tokenomics 2.0: MYST delegation pool
During the mainnet rollout, Mysterium will also rethink its tokenomic model to support new use cases and maximize network decentralization. Additionally, Mysterium will use PARSIQ’s new IQ protocol to simplify payments for users and node runners and additionally add a staking mechanism that allows all network participants to earn a return in a secure and low-risk manner. .
Node runners will have to stake tokens, locking them into the network. The Mysterium delegation pool beta will allow token holders to wager MYST and earn rewards in MYST. In the future, rewards for Nodes and Stakeholders will also be available to be issued in DAI stablecoin.