Mysterium

Halal Rating :
Comfortable
Last Price $0.28 Last updated:
Rank 1327
1D Change -1.03 %
Market Cap $5.59m
Circulating supply 20,033,628
Maximum supply 32,433,365

Crypto Overview

Categories
  • Platform
  • Distributed Computing
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • DePIN

Purpose and Utility

Mysterium (MYST) is the native token of the Mysterium Network, a decentralized VPN and Web3 infrastructure protocol. The MYST token serves as the payment medium for VPN services within the network, where users pay node operators in MYST tokens for providing bandwidth and VPN services.

Business Model Analysis

The business model centers around providing decentralized VPN services, with node operators earning MYST tokens for sharing their bandwidth. Users purchase MYST to access VPN services, creating a practical utility ecosystem. The core service of providing privacy and security tools aligns with halal principles, as it facilitates legitimate internet access and privacy protection.

Real-World Adoption

The Mysterium Network has an active ecosystem with operational nodes and regular users. The platform maintains consistent development activity, with regular updates to their node software and applications. The network currently has thousands of active nodes across multiple countries, demonstrating practical implementation of its intended utility.

Token Distribution and Governance

The MYST token distribution includes allocations for development, team incentives, and the community. While exact figures for current token distribution are not publicly available, the token serves an actual utility within the ecosystem rather than purely speculative purposes.

Technical Implementation

The project maintains active development on GitHub, with regular updates to both node software and user applications. The technology stack focuses on providing secure, decentralized VPN services, which represents a legitimate use case in the modern digital economy.

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