Mysterium ICO Brings In Big Bucks For Decentralized VPN Services
Mysterium Network developers are building a decentralized VPN and just received 14,000,000 Swiss francs from investors in exchange for MYST tokens to help make it happen.
On May 30, 2017, decentralized VPN platform Mysterium held an initial coin offering (ICO) for less than 45 minutes. In that time, 68,629 Ether (ETH) was traded for MYST tokens in an exchange that equates to 14,000,000 Swiss francs (CHF) or $14,363,394.50 (USD), according to Mysterium’s website.
Mysterium is powered by partnerships with digital asset marketplace TokenMarket, crypto financial broker Bitcoin Suisse AG, and open source framework Zeppelin. According to its website, Mysterium's Network will act as a marketplace where providers can sell unused traffic, and customers can use the network to buy VPN services. The network relies on the existing architecture of VPN protocols and the Ethereum blockchain's executable distributed code contracts (EDCCs).
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