Mysterium Network is a decentralized ecosystem that aims to make the internet borderless and accessible to everyone. It consists of open-source protocols, tools, and Web3 infrastructure. The network provides users and builders with the necessary tools to protect their online anonymity and ensure equal access to information. Mysterium Network conducted a token sale and raised $14 million CHF.

Mysterium operates on a permissionless, peer-to-peer network. Individuals can transform their devices into nodes and rent out their spare internet resources, such as bandwidth or IP address, in exchange for cryptocurrency. The network is similar to Tor in terms of being tamper-proof, anonymous, and encrypted, but it offers better usability, stability, and speed.

Mysterium's B2B Network-as-a-Service lays the foundation for various enterprise-level services, including the flagship product, Mysterium VPN. The VPN is currently available for Android, Windows, Mac, and Linux, with iOS support planned for 2022. Developers and entrepreneurs can leverage the technology to build private, censorship-resistant tools, while businesses can enhance the global accessibility and security of their products. Mysterium's technology is compatible with both Web2 and Web3 platforms and can be integrated with VPNs, proxy services, DeFi wallets, browsers, search engines, data scraping solutions, and streaming apps, effectively incorporating censorship resistance into existing applications.

MYST is the utility token that powers Mysterium Network. It enables frictionless peer-to-peer micropayments within the network. When using the VPN service, users can pay with MYST tokens, while node operators receive MYST as compensation. Mysterium has developed its own micropayments infrastructure, called the Hermes protocol, to facilitate fast, anonymous, and censorship-resistant transactions.

In 2022, Mysterium plans to integrate the IQ Protocol, developed by PARSIQ. This integration will introduce the Mysterium Delegation Pool, a risk-free and collateral-free solution that allows MYST holders to stake their tokens and earn rewards in the form of DAI stablecoin. Node operators can stake MYST to run a node, and they can rent MYST from the delegation pool without requiring upfront capital. A portion of their earnings can be used for repayment. This DeFi mechanism incentivizes stakers by increasing their stake proportionate to the pool size and network traffic.

MYST is an ERC-20 token with the addition of ERC-2612, which includes the permit function popularized by the Uniswap team and introduced with the DAI token.