The Mysterium Network will be a decentralized marketplace for VPN services built using Ethereum smart contracts. Users set up nodes to contribute computing resources to the network. In exchange they collect a fee from clients who agree to pay to use their network resources. Service matching between provider nodes and client nodes, payment service, identity management, and a database of account balances, available service providers, and registered identities are all executed on the Ethereum blockchain. The VPN services themselves are executed off-chain.
Mysterium raised about $100,000 dollars in a December, 2016 pre-sale. Since then, their team has grown from 3 full time employes to 8, they’ve launched a new website, released a detailed technical white paper, and developed an off-chain testnet of their VPN service for Linux users.
In the months following the token sale, Mysterium plans on developing clients and applications for additional operating systems (including mobile apps) and migrating service to the Ethereum network.
|Incorporation status:||Foundation in Zug, Switzerland|
|Team openness:||Detailed Bios, links to external profiles|
|Blockchain Developer:||Paulius Mozuras|
|Technical White Paper:||Yes|
|Available Project Code:||Yes|
|Role of token:||Access rights|
|Token supply:||90 million|
|Distributed in ICO:||80 million|
|Emission rate:||No new coins created|
|Consensus method:||Proof of Work|
|Sale period:||May 30th, 2017 to June 13th, 2017|
|First price:||1 CHF:1.2 MYST|
|Investment Round:||Second public offering|
|Token distribution date:||Immediately distributed|
|Min investment goal:||1 million CHF|
|Max investment cap:||6 million CHF Softcap|
|How are funds held:||Smart contract|
|Minimum Viable Product:||Already released|
|Bonus:||20% before softcap reached|