Mysterium
Crypto Overview
Project Overview
Mysterium Network is a decentralized Virtual Private Network (VPN) and cybersecurity platform that allows users to share their unused bandwidth and IP addresses in exchange for MYST tokens. The platform aims to combat internet censorship and enhance privacy through a peer-to-peer network architecture.
Intended Utility
The MYST token serves as the native currency within the Mysterium ecosystem, used primarily to pay for VPN services and compensate node operators who provide bandwidth. Node operators stake MYST tokens to participate in the network and earn rewards for their services.
Actual Utility and Adoption
The platform has demonstrated real-world utility with active nodes operating globally. As of 2023, Mysterium has thousands of active nodes and users utilizing the VPN service. The development team maintains regular updates and improvements to the platform, indicating genuine technological progress.
Token Distribution and Governance
The initial token distribution allocated 40% to the team and advisors with a 2-year vesting period, which has now concluded. The remaining tokens were distributed through public sale (30%) and reserved for network incentives (30%). The project maintains transparency in its operations and token economics.
Revenue Model
The revenue model is based on direct payment for services rendered, where users pay node operators in MYST tokens for VPN services. This represents a clear value exchange without involving interest-bearing mechanisms or gambling elements.
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.