Mysterium is a decentralized VPN service based on the Ethereum Network, allowing allowing anyone to rent their idle Network traffic, while providing a secure connection for those in need. The MYST token allows users to perform activities within the Mysterium VPN network both as VPN clients or as a service provider (VPN Node).

The MYST token allows users to perform activities within the Mysterium VPN network both as VPN clients or as a service provider (VPN Node). During May 30th, Mysterium held an ICO to fund the development and marketing of the network, amassing a total of $14400000. During the ICO period, users were allowed to exchange ETH for the MYST token for $0.85 per token, which increased to $1.2 following the end of the soft cap bonus which lasted until the campaign gathered $6,170,000. 

The funds gathered will be locked in an multisig (2-out-of-3) in which 2 keys are held by an escrow agent. This agent will  hand over all keys in his possession to the legal representatives of the Mysterium Entity once said entity is incorporated.

Mysterium Foundation, Bounty program and Advisors will receive 9% of all tokens. Tokens will be received by the Foundation multisig wallet, and will be used to reward assistance from: early node operators (mining), bounty program participants, advisors and new employees via a Vesting program, etc

Founders will receive 10% of all tokens. Founder tokens will be locked for 12 months.

The MYST token is not mineable.