Just a matter of weeks away from Mainnet launch.
 
As Mysterium enters this final pre-Mainnet phase, current testnet will be upgraded.

Integration with Polygon is also now live, which means almost instant and gas-less payments.
The first 50 node runners to join the BETA program will earn 5 MYST for participating, and an additional 5 MYST for sharing valuable feedback. You can get all the details in Mysterium, GitHub.
It also introduces a number of new features that you’ll get to enjoy early.
Discover these below, and then read on to learn what comes next, including big plans after Mainnet.
 
1. Fast and inexpensive withdrawals for node runners
 
Polygon (formerly Matic) is now in full throttle and powering the peer-to-peer payments system. Your transactions and withdrawals will be a fraction of the cost and speed.
 
2. Registrations are free…

All new users and nodes will be able to set their beneficiary wallet without paying a registration fee. There will be no need to earn some MYSTT before changing this beneficiary wallet address either. Your address will instead be stored in a local node database, and addresses are only recalled when payouts are happen

3…and also faster

On Polygon (including its testnet), blocks are mined faster and there are no gas price surges. New consumer identities will be registered almost instantly. This will apply for both new dVPN users and node runners.

4. Automagic pricing
 
Nodes will no longer have to set prices manually, as prices will be chosen based on a supply and demand algorithm for each region. The algorithm will assess node type (such as residential or non-residential IP), location and quality. For example, all residential nodes in the United States will have the same price set by default. The more dVPN users choosing nodes in a certain region, the price will increase. If there is less demand, then prices will go down.
This system functions similarly to Uber’s surge pricing, which determines price based on availability within the network.

5. Better node discovery

Node discovery service wrote from scratch. It was originally coded in Python, but transitioned to GoLang with some architectural changes, so it’s 1000 x faster than before. Now when you open the dVPN, loading the list of worldwide IP addresses will feel almost immediate. The code also allows app developers to filter and slice nodes in a much more flexible way than before.

6. Better infrastructure, less downtime

The network will have self-healing infrastructure. This means if faults occur, or there are potential attacks on the network, it will be better protected.
 
Drawing the new Mysterium Map

Mainnet release in Autumn 2021. As the community (and the wider Ethereum industry) is aware, extreme network congestion and crippling gas fees left a lot of dapps in the dust. The team had to re-route our original mainnet roadmap to ensure that it could still provide the best quality of service as a network that depends on millions of microtransactions every single day.
Network is now stronger than ever because of it. Upon launch, the Layer 2 and 3 solutions give both users and node runners a lightning fast, gas-less user experience that remains unaffected by Ethereum’s issues.

But where to next?
Mysterium has some big plans following its mainnet launch.
You will see the manifestation of our whitepaper and the culmination of three+ years of code, sweat and tears. The community of node runners is literally the backbone of the network. This grassroots project would be nothing but an idea without this community bringing the peer-to-peer protocol alive.
 
Other than key product updates, including the iOS version of the dVPN, the next major milestones will move us into a new era of Mysterium.
New tokenomics model will help scale the network and make it more robust.
 
Also spreading the Mysterium magic even further. It’ll have a core focus on growing the ecosystem and becoming a breeding ground for innovation. It’s time to make Web 3.0 a reality, and the post-mainnet plans will center around growing this space and making the internet truly blind to borders.

Like most decentralised projects, tokenomics has always played a crucial role in Mysterium Network.
Our utility token MYST is the reserve currency of our peer-to-peer bandwidth marketplace. Designed to fight internet censorship, it powers various applications like the Mysterium VPN, enabling trustless and anonymous payments between nodes and users.
Now we’re working on a new tokenomics model that will help us scale the network, introducing the beneficial components of decentralised finance (DeFi). DeFi has been the reigning champion of blockchain technology, but we believe there’s a valuable opportunity to leverage P2P protocols beyond finance alone.
Our Tokenomics 2.0 model will create new opportunities for both node runners and token holders, who can put their funds to work through staking to earn rewards.
The engine behind our new tokenomics model was designed by PARSIQ. The team recently revealed their newly developed IQ Protocol, and Mysterium is the first project to integrate it.

What is the IQ Protocol?
 
The IQ Protocol is a groundbreaking solution that brings Mysterium Tokenomics 2.0 to life.
It was developed by PARSIQ, a next-generation blockchain analytics platform that connects blockchain activity to off-chain applications and devices.
The IQ Protocol is the world’s first “risk-free, collateral-less DeFi protocol to tokenize SaaS subscriptions”.
This innovation brings the power of DeFi to traditional services by facilitating a subscription model for blockchain projects. It also removes the requirement of upfront collateral, mitigating the typical risks associated with DeFi participation.
The IQ Protocol is the brainchild of Anatoly Ressin, PARSIQ’s Chief Architect, with creative backing from PARSIQ’s CTO Alan Durnev along with a dedicated team of developers and additional outside assistance.
Mysterium also contributed to the development of the Protocol, building its Golang Software Development Kit and by participating in early discussions on math models behind its core functionalities. Launching with the IQ Protocol is a monitoring solution, giving users the right to provide services through MYST ownership or delegation. It also allows the protocol to track the distribution of tokens among node runners using Mysterium’s Hermes payment protocol.

How are we using the IQ Protocol in Tokenomics 2.0?

By integrating the IQ Protocol into our existing tokenomics framework, we can create a circular economy model in which node runners and MYST token holders can reap the benefits of staking.
This will happen via the Mysterium Delegation Pool, where holders can simply deposit their funds to earn rewards.
The IQ Protocol is designed to provide a completely risk-free environment for Mysterium delegators and renters (more on these new roles below).
Our Hermes smart contracts will be updated to work directly with the IQ Protocol pool, guaranteeing a non-custodial fee redistribution. This limits the risk usually associated with a typical lending platform or liquidity pool, such as risk of liquidation or risk of impermanent loss.
Furthermore, the IQ Protocol enables the integration of stablecoin payments within the network, helping to maintain price stability for dVPN services.

Mysterium’s current tokenomics model
 
To realise the impact of the IQ Protocol on our new tokenomics system, it’s important to understand our current limitations as a network;

1. Price stability for dVPN services

In our current iteration of tokenomics, dVPN consumers top up their accounts with a range of cryptocurrencies, including Bitcoin, Litecoin, Dai and Ether. These are converted into $MYST under the hood, and then paid out to node runners. While this crypto-agnostic option invites a range of blockchain communities to access the dVPN, it also leads to frequent price fluctuations. Users are therefore unable to accurately predict how much crypto they need in their accounts.
Additionally, node runners who receive their earnings in MYST are also affected by price fluctuations.

2. Skin in the game

Currently, MYST token holders are only able to earn rewards by contributing funds to liquidity pools on certain DEXes, such as Uniswap and QuickSwap. While these incentives both grow and reward our community, liquidity providers must own the risk of impermanent loss.

The new world of Tokenomics 2.0
What new benefits and opportunities will the IQ Protocol introduce?

1) DAI stablecoin as Payment

To eliminate the negative effect of cryptocurrency fluctuations for both dVPN users and node runners, we are introducing the DAI stablecoin as a means of payment in the peer-to-peer network.
dVPN users can also continue to pay with a range of other cryptocurrencies, while node runners will only receive their earnings in DAI.
 
2) Node runners stake MYST to earn

All node runners will need to stake MYST in the network in order to provide dVPN services. The amount of DAI that can be earned depends on the amount of MYST at stake, which is proportional to the desired value of their daily rewards. The formula for this is 1 MYST = 0.01 DAI.
The more at stake, the higher a node runner’s earning potential. In this way, the MYST token becomes a life-time subscription to Mysterium Network.
Here’s an example of how this will work:
Alice would like to earn 10 DAI per day by running a Mysterium node. To do this, she will need to stake 1,000 MYST in the network. Alice’s earnings will be capped at 10 DAI / day. Once 10 DAI has been earned, Alice’s node will no longer be discoverable for that particular day. However, she can always stake additional MYST tokens to continue providing a service, and consequently increase her earning ability.
 
3. MYST yield for token holders
To support token holders, there will be an opportunity to earn rewards by having a stake in the network. These MYST tokens will be taken out of the market and “frozen” in the Mysterium Delegation Pool.
The Delegation Pool is particularly useful for node runners who can’t buy and stake MYST in the network, as they will be able to “rent” tokens from the Pool.
MYST holders can delegate (rent) their tokens for a predefined time to node runners – for a fee. This will function similarly to a daily or monthly subscription, and where the magic of the IQ Protocol really kicks in.
Here’s an example:
Alice does not have 1,000 MYST, but she’d still like to earn 10 DAI / day by running a Mysterium node. Instead of using an exchange like Bittrex or Uniswap, Alice can rent 1,000 MYST from the MYST delegation pool. To do this, Alice simply pays 0.3 DAI / day* to the MYST token holder.

*This number is dynamic and subject to change depending on the size and duration of the delegation alongside the availability of liquidity in the delegation pool and other factors.
 
The introduction of the Mysterium Delegation Pool creates a new revenue stream for all MYST token holders. By depositing MYST into the pool, token holders will be able to earn passive income similarly to other DeFi protocols, such as Compound or Aave.
The rewards that each participant receives will fluctuate based on the size of the pool and network activity. The more users, the more rewards that can be earned by exit nodes and token delegators.

Interested in how the IQ Protocol is going to transform Mysterium Network? Check out our Tokenomics 2.0 explainer video: youtu.be/7f9KM7n1c-0

What’s next?
We’re still some months away from the launch of Tokenomics 2.0. We’re deep in development mode, collaborating with PARSIQ to ensure a flawless integration and a new system that is as seamless and enjoyable as our latest dVPN app.
First we’ll be bringing mainnet to Mysterium, which also kicks off the expansion of our ecosystem as a breeding ground for Web 3.0 innovation.
Until then, our Pre-Mainnet network upgrade is kicking off in the next week, which introduces seven new features including free registrations, easy withdrawals and flexible bounty payouts.
We’ll be releasing more tokenomics news and updates in the coming months, so join your channel of choice to get the latest updates.

We are building a decentralised VPN network powered by crypto to make the internet blind to borders.
You can check us at https://mysterium.network or at our Twitter profile @MysteriumNet.

We are hiring a community manager for Telegram group.
- Payment in MYST tokens
- Bonus for achievements

Contact me through Telegram: @diogofromtheblock

Are you ready for faster, cheaper dVPN transactions? Matic Network is making it happen for you!
 
We’re excited to share that we’ve partnered with Matic Network. We’re only weeks away from our live integration with their custom Layer 2 solution, which will provide all users of Mysterium dVPN with almost instant P2P payments, at a fraction of the cost. (Quite literally, it’s a millionth of a fraction…)

The problem we are solving with Matic Network

As the wider community is surely aware, we as an industry have been facing specific challenges with expensive transaction fees on the Ethereum blockchain.
With the freedom of speech online being debased, a global pandemic and other macro forces in play  – we see it as a priority to enable peer to peer payments in the most frictionless way possible.
Mysterium Network, with our pay as you go service, is a natural ally for emerging markets when high transaction fees on Ethereum lock these users out.
This integration with Matic Network will mean that Mysterium account creation and top-ups will happen on a sophisticated and scalable Layer 2 sidechain, instead of on the Ethereum blockchain.

What this means in technical terms:

Hermes, Mysterium’s accounting hub, will be running on both Ethereum and Matic – find out more about Hermes hub in our micropayments whitepaper.
You will be able to move MYST tokens onto Matic via a Hybrid Plasma-POS Bridge. This bridge provides a POS and a Plasma option to bridge assets between Ethereum and Matic.
The mysterium payment system will support cross-chain payments. This means that VPN users can have funds on L2 Matic chain, and Mysterium node runners can accept funds on L1 (Ethereum)

Some relevant numbers – registration TX fee on…

ETH mainnet: 10.3322418978 MYST
Matic: 0.000005699966589 MYST
In short, Matic is  1, 812, 685 times cheaper!

Most invoices were fine, some weren't (missing information for example). Please wait for us to get back to you after you send us an email. Your rewards are reserved to you and will not run away .

Dear all,

Sorry for the lack of reply! Echoing what other people said already ;

If your invoice was filled in, you should have received your bounty reward now! Stay tuned for more information if you haven’t received it. if you haven’t received your reward, please email team@mysterium.network with your details and the problem, so we can identify it.
 
Best,
PhABC

End of 2017 or early 2018 is the goal.

Hello all,

New blogpost is out! You can read it here: https://medium.com/mysterium-network/july-updates-from-mysterium-b9a2bd6ce3b2

Thanks for being a part of Mysterium community

team@mysterium.network is our valid email address.

I don't think translation bounty emails have been sent.

Also, for users concerned about providing their personal information, you have to understand that the crypto world AND VPNs are very sensitive topics on the legal side of things. We want to be on the right side of things. The invoice will also be useful for some of you as a mean to report your earning to your government, if required. There are countries where this has to be done (e.g US) and you should also be concerned about future potential legal backlash.Centralized exchanges have all your history of fiat to crypto and same goes to the blockchain itself. It will be possible for governments to backtrack your trading history in the future and do some legal actions if you did not comply to their rules. It sucks, but that's the world we live in.

-PhABC

Dear bounty hunters,

We're happy to announce that we've started sending emails to our bounty participants.

Here's what you need to know: If you have participated in our bounty program, you should receive an email that asks you to visit a link and enter your information - your name, address, etc.. This is an essential step for us to process bounty rewards, especially on the legal perspective.

We will never ask you to login with your wallet or send some ETH to an address, so you can be sure that this isn't a scam.

P.S. If you don't receive an email before next week, feel free to PM us, otherwise - be patient

-PhABC

MYST tokens for all bounties will be distributed at the same time.

-PhABC

Hello my precious,

If you haven't received an email yet, don't panic. We didn't send out all the emails yet! We will have mercy for those who included some regards in their emails, but please note this will not be tolerated further.

Best regards,
PhABC

Don't you like us being mysterious? Sorry, I can't help my bad humor!

-PhABC

Dear bounty hunters,

If you receive an email from team@mysterium.network asking for your ETH address, please reply back only with your ETH address. This will allow us to send your bounty rewards. This should not apply for MVP bounties.

-PhABC

Updated the first post to include most recent blog posts. Every new blog post will be added there as well from now on.

-PhABC

Hi,

thank you everyone for participating in Mysterium BTT signature&avatar bounty campaign.
This campaign has ended as of 5th June and you can check your status on this dashboard - https://docs.google.com/spreadsheets/d/1C2qPvWNdTctM8ZC6TumA2cKqvazp6vDXIGLdRd60K8c/edit?usp=sharing

We will start counting MYST tokens as your reward in following days and will send email everyone from official Mysterium Network e-mail to get your wallet address for when we will be sending MYST tokens to you.

Other bounty programs will be updated in following days.

IMPORTANT

How to protect Yourself during a Token Sale?
Token Sales are a hot, maybe even hotter than hot buns these days.
Mysterium also has a coming token sale on May 30'th as well. Thus we feel obliged to talk about potential risk of being tricked and how to protect yourself.
This sudden growth attracted all sorts of fraudsters to the space — trying to trick people participating in a token sale by sending their ETH the wrong way.
One of the most common strategies for the fraudster is to imitate a team member and post messages on the company Slack, Telegram, Bitcoin talk forums — soliciting the wrong address (owned by the fraudster of course) urging people to send ETH their way. One thing to note — mostly this type of communication is constrained to chat channels.
In the face of FOMO “fear of missing out” — this is a very simple yet effective strategy, which has been repeated multiple times already.

Where to find information about Mysterium Token Sale?
Statement from Mysterium team:
Mysterium founders WILL NOT POST — token sale smart contract address on any chat channel!
Therefore if you get any message saying that this is the address where you should send your ETH, that most likely means:
It’s NOT coming from us, but from someone pretending to be Mysterium team member. And most likely they are trying to trick you into sending your ETH to the wrong address.
Don’t fall for it.
The only safe place to look for actual token sale/creation smart contract address will be on our website: https://mysterium.network/
Along with the address you will also find the actual guidelines on how to participate in the sale. Nothing to worry about and no need for heavy preparations — as this will be a simple and already common process for most of you.
Don’t fall for cheap tricks neither now nor in the future — and we wish you to be vigilant and always double checking.

你好

参与在 Mysterium Bounty: https://mysterium.network/bounty/

ICO 不久!

We are working on several ways to protect Nodes from illegal activities from clients. Eg., whitelisting for certain activities to be allowed to run via node.