Mysterium
Crypto Overview
Project Overview
Mysterium Network is a decentralized Virtual Private Network (VPN) protocol built on the Ethereum blockchain. The MYST token is used as the primary means of payment within the network for VPN services. Node operators earn MYST tokens by providing VPN services, while users spend MYST to access these services.
Intended Utility
The primary purpose of MYST is to facilitate payments within the Mysterium Network ecosystem. It serves as the medium of exchange between VPN service providers and users, creating a decentralized marketplace for bandwidth. The token enables direct peer-to-peer payments for VPN services without intermediaries.
Actual Utility
The network has shown consistent usage with active nodes providing VPN services and users consuming bandwidth. As of 2024, Mysterium has over 2,000 active nodes across different countries. The platform provides real utility through its dVPN service, which is currently operational and available through various applications.
Token Distribution and Governance
The initial token distribution allocated 40% to the team and advisors, with vesting periods in place. The remaining tokens were distributed through various rounds of token sales and ecosystem development. The project maintains transparent documentation about token allocation and usage.
Development Activity
The project shows ongoing development activity with regular updates to its core protocol and client applications. The team maintains active GitHub repositories with consistent commits and improvements to the network infrastructure.
Revenue Model
The revenue model is straightforward and halal-compliant: node operators earn MYST tokens by providing VPN services, while users pay for these services using MYST. There is no interest-based mechanism or gambling element in the core protocol.
Crypto Impact
To assign a comfort level investing in Mysterium from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Mysterium.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.