After years of development, the Mysterium Network team, a decentralized VPN protocol and ecosystem, announced that it will launch its mainnet on both Ethereum and Polygon mainnet on Monday, November 22nd. During the testnet, the Mysterium VPN application was downloaded 400,000 times, with over 114,000 active users per month (MAU).
Mysterium is launching a global peer-to-peer market. Users turn theirs device, such as Raspberry Pis or computers in nodes, which act as miniature servers. These node drivers can then sell their spare internet resources to each other, such as bandwidth and IP address. This creates a layer of the Internet that is resistant to censorship. There is currently 900TB of traffic serviced each month and millions of P2P micropayments take place online every day.
“Our network is already used by people around the world to circumvent the censorship, blackout and surveillance they experience in their daily lives. But Internet censorship is expected to only get worse in 2022. We need to undo decades of exploitative centralization and ensure that our web infrastructure is resilient to political and corporate control. This is 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. ”
– Mysterium Network Team
Tokenomics 2.0: MYST Delegation Pool
During the introduction of the mainnet, Mysterium will also redesign its tokenomy model to support new use cases and to maximize network decentralization. In addition, Mysterium will use the new IQ protocol from PARSIQ to simplify payments for users and node users and plus add an investment mechanism that allows all network participants to earn in a low-risk and secure way.
Node initiators will be asked to insert tokens, locking them into the network. The beta version of the Mysterium set of delegations will allow token owners to invest in MYST and earn rewards at MYST. In the future, prizes for knots and stickers will also be available for issue in the DAI Stable Horse.