Mysterium Network is an open-source ecosystem of protocols, tools, and Web3 infrastructure making the internet borderless and accessible for all. The network gives both users and builders the tools they need to safeguard their online anonymity and equal access to information. Mysterium held a token sale through which it raised $14 million CHF.
Mysterium is powered by its permissionless, peer-to-peer network. Anyone can turn their device into a node and rent their spare internet resources, such as bandwidth or IP address, in exchange for cryptocurrency. The network is tamper-proof, anonymous, and encrypted like Tor, but with superior usability, stability and speed.
Mysterium’s B2B Network-as-a-Service lays the groundwork for all kinds of enterprise-level services to be built, including the project's flagship product, the Mysterium VPN, available for Android, Windows, Mac and Linux (iOS in 2022). Developers and entrepreneurs can build private, censorship-resistant tools, and businesses can make their products globally accessible and secure. The technology is fully 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, building censorship-resistance into the apps we already use.
## What is MYST?
MYST is the utility token at the heart of Mysterium Network. MYST is used for frictionless P2P micropayments within the network. If you’re using the VPN, you can pay with MYST token. If you’re a node (provider of the VPN service) you receive MYST. Mysterium has designed its own unique micropayments infrastructure, the Hermes protocol, to facilitate these fast, anonymous, and censorship-resistant transactions.
In 2022, Mysterium will be among the first to integrate the IQ Protocol, developed by PARSIQ. The protocol powers the Mysterium Delegation Pool, a completely risk-free, collateral-free solution that allows holders to stake MYST and earn rewards in DAI stablecoin. Node runners stake MYST to run a node. Nodes can rent MYST from the delegation pool without any upfront capital, and a portion of their earnings can be used as repayment. This DeFi mechanism rewards stakers, growing their stake proportionate to pool size and network traffic.
MYST is an ERC-20 token with the addition of ERC-2612 (the permit function), which was introduced with the DAI token and popularized by the Uniswap team.
How to Buy MYST on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing MYST. Some reputable platforms include Bybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing MYST.
Step 5: Purchase MYST
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of MYST you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy MYST.
Step 6: Store Your MYST
After purchasing, you can choose to store your MYST in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and MYST assets, be sure to use a strong password and enable two-factor authentication.
MYST Price:Mysterium Network is an open-source ecosystem of protocols, tools, and Web3 infrastructure making the internet borderless and accessible for all.The price fluctuates daily, You can go to the exchange: okx to check the price.
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