Category

updates

Revealing Mysterium’s new Mobile dVPN App for Android

decentralized VPN

Time to Ghost the Internet Like it’s your EX

 

What’s better than a VPN? 

A decentralised one that can do all of this:

We’re excited to share with you our shiny new interface Android VPN app, packed with industry-first features and an even easier onboarding process.

In the past, decentralised apps (dapps) have been terribly clunky and confusing. We’re introducing a new benchmark for decentralised apps (and VPNs in general 🙂 

We now have over 64,000 Monthly Active Users (MAU). In theory, this would place us in the Top Ten most used Ethereum dapps. However, as we’re still on testnet, we can’t compete in the dapp rankings officially. We’re sure by the time we hit mainnet, we’ll be even higher up that list…

Nothing has changed under the hood. Our users can still rely on our fast-growing network, now over 1,600 nodes strong. That’s double the number of users selling their bandwidth in just a few months. Our community makes over 3 million micropayment transactions every day, completely peer-to-peer. 

    Learn more about  our uniquely developed micropayment system.

We’ve had 200,000 downloads since the beginning of 2021 alone. In an industry dominated by DeFi platforms, Mysterium is proving that P2P protocols can impact our lives beyond finance – starting with the internet itself.

What’s new with Mysterium’s dVPN

As a P2P decentralised network, Mysterium is powered by the very people who use it. Our new interface and user experience is simple and sophisticated, giving you as much freedom and choice as possible.

More choice with Easy Node Management

Don’t waste time searching for good connections. Filter nodes based on speed, connection quality, price, or location. Then you can save your preferred filters to the My Custom Filters tab.

Find specialist nodes

Find nodes that are perfect for your specific needs, such as streaming media, browsing the web, or torrenting. Just click on the tabs in the Manual Connect section to find optimized nodes by category.

Customise and save your favourites

You’re now able to create a personal list of your favourite nodes, so you can come back to them later and reconnect whenever you want. Access them from the Favourites menu.

Check your balance

Easily manage and keep an eye on your account balance. With our estimation tool, you’ll know exactly how much credit you have left in terms of data download volume, number of songs, hours of online video or standard web browsing. 

Plus, check out your session history and other key statistics to understand your VPN habits and needs over time.

Top up with your favourite crypto

All crypto communities are invited to join Mysterium’s mission for total online anonymity. We don’t lock you into one specific crypto token, so you can top up your account with popular cryptocurrencies including Bitcoin, Litecoin, Dai, and Ether. Simply choose your cryptocurrency and top up with a QR code, or use a generated payment link. 

Auto kill switch

If you lose your connection to a node, your browsing data will not be leaked. Your app will automatically try to reconnect to the previous node, and if it’s unavailable, the app will suggest another node for you to choose. During this process, your internet connection is in standby mode, so you can either cancel it or connect again.

Manage Your DNS Settings

Set up a custom DNS. Configure this on the Settings page or let the auto-setting handle that for you.

Import your crypto address

Mysterium enables a private key backup and import feature, which means you can swiftly move your account from one device to another.

Support is On Hand

Find an issue? Help us out by reporting it to our dev team and we’ll sort it out as quickly as possible. Or, if you need a hand figuring out our apps out, we’re here during business hours to help. Drop your message on the Get help page and you’ll get a reply in-app or via your email.

Is our crypto VPN the game changer you’ve been looking for?

As an incredibly niche but exciting type of technology, dapps can be tricky to use at first. That’s why we’ve designed these features and flow with every kind of user in mind, whether they’re crypto newbies or long-time enthusiasts. 

With your help, we’re making ancient VPNs a thing of the past. 

And for the stuff you already know…

Get started in seconds – no email, no bank cards, no contracts

Mysterium dVPN has no subscription model, meaning you don’t ever have to make a monthly (or annual) payment. Instead, we opt for pay-as-you-go: switch it on when you’re ready to use it and off again once your session is done. You’ll only pay for what you actually use, whether it be by the megabyte or by the minute (even less than one cent!)

To keep your costs low, you won’t have to put up any kind of minimum buy-in.

You also don’t need to provide us with your email address or complete an account sign-up. We’ve got your anonymity covered with no contracts or identifying information.

Crypto and VPNs are the perfect pair; censorship-resistant and untraceable, you’ll only ever pay for your privacy the truly anonymous way. You can also choose from all kinds of popular crypto, including Bitcoin, Litecoin, Dai, and Ether.

Best of the best

You know when VPNs say they have a strict ‘no logs’ policy? They may or may not be telling the truth, but you’ll really never know.

In our case, it’s impossible for us to keep logs of users’ traffic or browsing data. Because we have decentralized infrastructure (no central servers), it is literally impossible for anyone to log your traffic, so you’ll never leave a paper trail. 

Our stack is also loaded with WireGuard and OpenVPN protocols, so your connections will be ultra-fast and ultra-secure.

And because our code has been open-source since day one, we don’t have to make any promises – all our claims can be verified by you. Just stop by our GitHub any time. 

Some other bits and pieces we’re excited to share with you..

 

Tesnet V3 and mainnet

It’s on the way! Testnet 3.0 is coming, where we’ll have completed our integration with Polygon (formerly Matic), making payments faster and cheaper. 

This will be shortly followed by our release on mainnet. 

Fighting The Great Firewall

The Mysterium dVPN is working in China, helping users there get past The Great Firewall. We’ve been getting some great feedback from our people letting us know how we’ve helped them scale that wall and access the open internet.

Take a look at our dApp today

We’re sure you’ll love the changes we’ve made, so find the download links for Android, Mac and Windows here.

If you’re interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

MYST now listed on Uniswap V3 – Join our liquidity campaign

uniswap liquidity pool

$MYST token is now listed on Uniswap V3.

Dive into the MYST/ETH pool here.

As a liquidity provider, you get to enjoy concentrated liquidity and multiple fee tiers.

We’re also waiting for the L2 Uniswap deployment on Optimism, which will significantly decrease trading fees. You can learn more about it here.

To ensure a smooth process, we are moving funds from Uniswap V2 to V3 in the upcoming months.

To support our community of MYST holders, we are announcing the Uniswap V3 Liquidity Engagement campaign. 

There are two ways to join the campaign:

  1. Supply liquidity (add funds) directly to the Uniswap V3 MYST/ETH pool
  2. Move your current funds from the Uniswap V2 MYST/ETH pool.

Learn how to do this here.

Campaign timeline

The campaign will start on 1st of June and will finish on the 7th of June. However, we plan to extend the campaign if we receive positive feedback from our community.

Participants will be paid their rewards between 4th and 10th of July, after the campaign ends.

How can I participate?

You should either add your funds to MYST/ETH pool on Uniswap V3, or transfer them from Uniswap V2 during the 1st and 7th of June and hold them for at least 30 days. 

We’re creating a 20,000 MYST bounty pool. You will receive a reward proportionate to your size of the pool. Our own liquidity will be excluded from calculations. 

Requirements for participants

  1. You must add liquidity to the MYST/ETH  liquidity pool between the 1st and 7th of June.
  2. You must have held the funds in the MYST/ETH liquidity pool for at least 30 days.

Liquidity providers will receive a share 20,000 MYST, proportionate to their contribution to  the pool. Each participant will receive compensation in the MYST wallet address that was used to add liquidity.

Your compensation

You will receive a percentage of the 20,000 MYST allocated for this campaign.

For example, if the total size of the Uniswap pool reaches 100,000 MYST, and you added 10,000 MYST to the pool, you occupy 10% of the total pool.

Consequently, you will receive:

20,000 MYST * 10% = 2000 MYST

If you held the funds for at least 30 days, we will deposit your wallet with 2000 MYST.

Want to get involved in Mysterium Network today?

Mysterium has built a decentralised VPN, powered by a growing global residential IP node network. 

Mysterium VPN  is available for AndroidMac and Windows. 

If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Why Mysterium Champions Open-Source Software

open source web

In the past, great ideas were hoarded.

People spent an incredible amount of time and resources protecting their intellectual property from “thought thieves”. An idea was born, and kept safely hidden from the world until slapped with a patent.

But ideas are not a finite resource that should be locked away. When ideas are left to grow in the dark, they cannot flourish.

While profits may be available in the short term, inhibiting widespread access to unique insights and original code can kill our potential for future growth – not just for inidividual projects but for industries at large.

Luckily, the internet has changed things for the better.

In the show “Devs”, employees of a tech giant were contracted to take proprietary secrets to the grave.

What is Open-Source Technology?

Open-source means that the source code is available for the world to see. Anyone is free to use, modify, fork and redistribute the project’s code as they like.

The original protocols, software and languages which make up the internet have always been openly shared and freely distributed. This is what enabled the web to scale and innovate very quickly.

Today, 99% of commerical codebases contain at least some open-source components, with open-source comprising 70% of code overall.

Today, open-source represents a philosophy. The core principle is collaboration, which has become an ingrained behaviour in the technology community.

The movement encourages programmers and teams to find new ways to solve problems in their communities and industries. In this way, developers build on each other’s strengths to deliver the best product or find the most elegant solution possible.

Before the internet, most companies believed that they had to keep their work secret to be competitive. Many of the most successful technology companies today wouldn’t exist without others building on their ideas.

Those less familar with technology may wonder how a company can make money if their source code is available for anyone to download. There is certainly a time and place for proprietary code, but many companies find that allowing access makes their product better.

Having access to the Google source code doesn’t mean you have the means or capability to build a rival search engine. But it’s nice to know how it’s done, so you can feed off others’ thinking and approach.

It’s also better for the ecosystem as a whole. Overall, innovation is driven forward at a quicker pace and with limitless creativity.

Tim Berners-Lee, founding father of the internet, sadly believes that powerful corporations today have become gatekeepers of such innovation.

Berners-Lee has spent much of his career challenging this concentration of control, instead “championing information sharing, openness and personal empowerment online.” He notes that the web really took off after Red Hat brought Linux, the open-source operating system, into corporate data centers.

“If you want to go quickly, go alone. If you want to go far, go together.” – African Proverb

The Benefits of Open-Source Technology

There are some key reasons why projects may open-source their code, or have in-house programs dedicated to open-soure initiatives;

🔍 Peer-reviewed security & transparency

Giving skilled developers across the world access to source code helps exploit weaknesses and security vulnerabilities autonomously. Bitwarden is one example. It’s considered one of the most secure password managers online. Allowing public access to Bitwarden’s source code exposes any security flaws. The application is much more secure because thousands of people all over the world are able to scrutanize and detect issues. If Bitwarden was only being tested by a small group of programmers, it would be much less secure.

🤝 Community support & reliability

The community-building component of open-source software is one of its biggest advantages. Good ideas attract the best talent on earth. Many companies that prescribe to the open-source methodology are backed by thriving communities who are passionate or incentivized to contribute. Bringing people together under a common purpose creates the best possible outcomes and allows the platform to reach its full potential.

🚀 Lower operating costs, more profit

Most technology companies built on open-source frameworks have much lower operating fees. Patents, licensing fees and restricting access are costly for businesses who own proprietary code. It also means that companies must rely on individual authors to keep things running and regularly updated.

Side note: open-source software is often copyrighted and can be patented.

Research by the TODO group has shown that the benefits of open-source program offices (OSPO) or foundations continue to be appreciated. Of those companies surveyed, 56% still say it is very or extremely critical for success. And the longer that OSPO exists, the more value it brings to their engineering success.

Their 2020 survey shows that there are high returns on invesment just by being members of an open-source foundation.

An earlier TODO survey has also shown that companies who offer OSPOs experienced benefits such as higher quality code, increased development agility and speed, faster time to market, and culture and interaction improvement.

But open-source is not the be-all-end-all philosophy of programming. Many companies can benefit more from a hybrid approach, where they may offer SaaS (software as a service) or monetize features of their open-source platforms.

Examples of Companies that Use Open-Source Software

Linux

One of the original proponents of open-source technology is the Linux operating system. Linux has made its source code available since its launch in 1991. Developers can even modify and sell their version of the operating system as long as they license it under the Linux name. Many developers prefer Linux over IOS and Windows because it is more customizable. Its applications, word processors, photo editors and web browsers can be switched out and altered.

The Linux Foundation provides a neutral, trusted home for developers to collaborate on open technology projects. Developers are encoruaged to contribute to hundreds (if not thousands) of different projects.

WordPress

The success of the world’s largest CMS, WordPress, is also built on open-source technology. Any developer can upload a plugin to the WordPress platform. Complete transparency and user input make WordPress the most functional CMS available online. In fact, over 40% of all websites are hosted on the WP platform.

The WordPress “Bill of Rights”. WordPress contributors work around the globe, and have dedicated countless hours to build a tool that democratizes publishing.

How Mysterium Uses Open-Source Technology to Build a Censorship-Free Internet

Our team operates in the blockchain space, where collaboration is one of our industry’s biggest strengths and (not-so) secret weapons. Other technology sectors and companies may want to keep their code private to remain competitive. They want to outperform, rather than lift up, other projects to maximize their profit.

This has been the opposite for decentralized communities. By partnering, collaborating and learning together, the development of our ecosystem has accelerated beyond our wildest expectations.

Mysterium is building a decentralized VPN and other tools that allow you to browse the internet freely. We’ve had over 100K downloads though we’re still in BETA. Our distributed network has grown to 1600+ nodes, with 200Tb of traffic flowing throughout it. And our software has always been 100% open.

Our users also don’t pay us a cent (it’s purely peer-to-peer, so they pay each other). We are proudly a grassroots project, powered by our users and contributors.

It may seem counter-intuitive to open-source software that by design is meant to secure and anonymize our users. But we believe in total freedom of information. We are creating a censorship-resistant layer of the internet that cannot be switched off or taken away. If we want a transparent, completely accessible internet for all, we can start with our own code.

We also need our community to trust us. They’re depending on us to encrypt their data and protect them from online surveillance. In countries where people are routinely jailed just for accessing certain websites or even “liking” something on social media, our responsibility is huge.

Many regular VPNs can keep logs of their users’ activity, even though they say they don’t. You have to take their word for it. Nobody can be really sure that they’re not storing your information in their centralized servers, cooperating with governments or selling your browsing data to 3rd parties. NordVPN, one of the more popular centralized VPNs, was also hacked a couple years back.

In a trustless ecosystem like ours, you can verify what we say is true. Our distributed architecture removes any technical possibility for collecting or storing logs centrally. And remember what we said earlier about Bitwarden? Our technology can only become more secure through its own transparency.

We also take the open-source ideology to the next level by not only giving access to our source code, but finanically incentivizing our community to openly build on – or plug into – the network. The Mysterium community can sell VPN services with their spare bandwidth and earn cryptocurrency in the process. So we don’t just collaborate with programmers, we collaborate with our every day users.

Open-source technology is the future. The only way forward is to be open. By learning from each other’s mistakes and building on our accomplishments, anything is possible.

Mysterium VPN launches on Linux

Linux VPN

Mysterium has welcomed Linux to the family. The Linux package supports Debian systems (such as Ubuntu) via our VPN desktop app.

This is a plug-and-play native app. It requires very little configuration, with more features than most open-source VPN clients that often require some technical knowledge.

Click here for immediate download of the Linux package. Or, explore the latest releases in our GitHub.

What is Linux?

Linux is an operating system, just like Windows or Mac OS. The Android mobile operating system is actually based on a modified version of the Linux kernel.

This open-source project launched in 1991 and their technology is used for a huge range of applications and systems including desktops, servers, internet infrastructure, supercomputers and even stock exchanges. Linux is also generally far less vulnerable to everyday attacks and malware, making it a favourite among programmers and businesses. 

Linux as an open-source pioneer

One of the original proponents of open-source technology is the Linux OS, making it a perfect fit for our community of users and developers. Linux has made its source code available since its launch. Developers can even modify and sell their version of the operating system so long as they license it under the Linux name. Many developers prefer Linux over iOS and Windows because it is more customisable. Its applications, word processors, photo editors and web browsers can be switched out and altered.

The Linux Foundation provides a neutral, trusted home for developers to collaborate on open technology projects. Developers are encouraged to contribute to hundreds (if not thousands) of different projects.

You can read more on why we chose to open source our own encryption software on Hackernoon.

Mysterium VPN  is also available for AndroidMac and Windows. 

If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Mysterium and Storj Labs Link the Decentralised Web Together

Mysterium Storj

Mysterium and Storj collaborate to free the cloud through decentralized protocols

Decentralisation of the web is a global movement.

Much of our success relies on a shared vision and collaboration between the many different teams all building decentralised solutions and piecing together the world wide Web 3.0

We’re excited to collaborate with one project in particular — Storj Labs. Storj is decentralised Cloud Storage. Just as Mysterium offers a way to earn by sharing your connection with a global node network, Storj pays their Node Operators for their unused storage. The Storj network is made up of thousands of operators and developers, providing the foundation for a faster, safer, more affordable object storage alternative.

At Mysterium, we’ve chosen the Storj decentralized object storage to replicate our S3 object data, including container images, static content, and more.

Docker containers are a foundational building block of many companies’ software infrastructure.  Mysterium’s own Container Images have been downloaded over 1M times from Docker Hub.  The registry holds our named Docker images, available in different tagged versions, and users can easily interact with a registry by using Docker push and pull commands. 

It’s here that Mysterium will leverage the unique benefits of decentralized cloud storage. These benefits include unmatched security and privacy through a know-nothing architecture, globally distributed files across statistically uncorrelated endpoints and ISPs, default encryption, and user-assigned access grants. These give developers the freedom, flexibility, and confidence they demand when building their apps/services.

To learn more about how you can host your container images on the decentralized cloud, like Mysterium, check out our overview about building a Docker container registry backed by Storj.

Why use Storj for container registry?

Storj offers highly secure, private and economical cloud object storage through global decentralisation. Data is encrypted, divided into pieces, and spread across tens of thousands of uncorrelated endpoints and ISPs to create an edge-based security model with no single point of failure.

By storing files on Storj, developers can protect their data against ransomware and tampering by bad actors, providing a much more resilient backend for Docker Registry container image storage and distribution.

Running a Container Registry on Storj is a great solution to integrate with and complement your CI/CD system. In a typical workflow, a commit to your source revision control system would trigger a build on your CI system, which would then push a new image to your Registry if the build is successful. 

For developers, Storj is easy to configure (it’s backward-compatible with Amazon S3). Registries that utilize Storj have client-side access to the most distributed object storage protocol on the planet. Upgrade to Storj, and your users can pull container data globally, from a single logical instance, at a fraction of the cost.

How can node operators benefit?

Mysterium uses the Ethereum Blockchain and Matic Network (now Polygon) as the backbone for payments between network participants. Our global pool of residential IPs opens the internet up for everyone, no matter where they are.

Node Operators who currently earn STORJ tokens for supplying excess storage capacity can also earn MYST by contributing excess bandwidth in Mysterium’s P2P marketplace. Use your computer or device, such as a Raspberry Pi, to help power and maintain the network. Users pay to connect to your node, providing them with a VPN service, access to the open internet and a secure line of communication. 

We will continue exploring new earning opportunities for our node communities.

Through this collaboration, we hope the decentralized ecosystem will continue to evolve and expand into all corners of the internet.

Learn more about running a Mysterium Node and being a part of creating an internet blind to borders.

Mysterium VPN  available for AndroidMac and Windows.

If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

$MYST now on QuickSwap! Discover the fastest, cheapest way to trade

$MYST token is now listed on QuickSwap. You can trade MYST with a number of coins and cryptocurrencies at a fraction of the cost and speed when compared to other Ethereum-based DEXs.

 

To celebrate our listing on QuickSwap and support our community, we are also covering the costs of transferring your funds from Ethereum to Polygon blockchain. Once you’ve made the switch, you can also easily participate in our liquidity campaign. This campaign will start on 8th of April and finish on the 14th of April. Learn how you can participate here.

What is QuickSwap?

 

QuickSwap is a fork of Uniswap, the original Automated Market Maker. Uniswap is the largest decentralized exchange on Ethereum, significantly contributing to the increase of trading activity on the network. However, extreme network congestion has led to high transaction fees, making this DEX very expensive to use.

QuickSwap solved Ethereum’s congestion problem by deploying Polygon’s Layer 2 technology. (Polygon is formerly known as Matic Network, and we will refer to Matic during certain steps in the trading guide, as their wallet, token and network are still labelled as such.)

To provide users with the best possible speeds and price, QuickSwap plans and executes a sequence of multiple token swaps. For example, to convert my QUICK tokens to XYZ tokens at the best possible price, QuickSwap determines the best route is to convert QUICK into SX, then DAI and then XYZ. Moreover, you don’t have to figure this out for yourself, it’s just chosen and executed automatically.

Why have we chosen QuickSwap?

 

QuickSwap provides its users with several important benefits:

 

1. High-speed transactions at significantly low costs

At the time of writing, the cost of a ‘fast’ transaction (~30 seconds) on the Ethereum network is $11.51, while the price for a single Uniswap trade costs more than $100 in fees!

Ethereum transaction gas costs as of April 2d, 2021.

 

In comparison, transactions via Polygon can be confirmed in as little as several seconds, at a cost of around $0.00002 USD.

Matic transaction gas costs as of March 31st, 2021. 

2. Familiar and easy-to-use interface

You can trade on QuickSwap directly from your wallet. Furthermore, if you have used Uniswap previously, you will have no issues when switching to QuickSwap as their interface is very similar.

3. Ability to earn passive income by providing liquidity + receive QUICK tokens

As with Uniswap, every user is able to earn passive income by providing liquidity to the various liquidity pools. Every trade on QuickSwap costs 0.3% of the total amount, a fee which is then split equally among liquidity providers based on their owned percentage of the pool. Additionally, liquidity miners also receive QUICK governance tokens.

How to trade MYST on QuickSwap

Now that you understand the benefits of trading via QuickSwap, it’s time to get moving. If you’ve already used QuickSwap in the past and have some tokens ready, you can start trading here. 

Otherwise, there’s some initial setup, including transferring your tokens from the Ethereum network so you can finally avoid that traffic jam and high gas costs. 

Don’t forget to read up on our campaign – Mysterium is covering the costs of your blockchain switch for a very limited time! AND we’ll be spreading some bonus $MYST around to liquidity providers.

Step 1: Add a custom RPC for MATIC to your wallet

If you can’t see “Matic Mainnet” listed among your available networks in your wallet, you need to set this up before transferring funds and begin using QuickSwap. 

You can do this by adding “Matic Mainnet RPC” as a custom network in your wallet.

For MetaMask wallet users, press the network selection button on the top of the app. Go to “Custom RPC”:

After pressing “Custom RPC”, you should see a screen allowing you to set up a custom RPC. 

Enter the following Matic Mainnet details shown in the screenshot below:

Network Name: Matic Mainnet

New RPC URL: https://rpc-mainnet.matic.network

Chain ID: 137

Symbol: MATIC

Block Explorer URL: https://explorer.matic.network/

Once entered, press the “Save” button. That’s it! You are now connected to the Matic Mainnet.

 

Step 2: Move tokens from Ethereum to Matic Network

To move your funds from from Ethereum blockchain to the Matic one, you can use the Matic bridge:
https://wallet.matic.network/bridge/

You can then connect your own wallet of choice:

And sign the signature request:

After you have connected your wallet, you will see the Matic Wallet V2 interface. You should press “Move funds to Matic Mainnet”:

If you are transferring MATIC tokens, you will need to use the Plasma bridge. 

If you are transferring ERC20 like MYST or ETH, please use the PoS bridge.

The currency shown by default on this transfer module will be ETH, but you can choose the funds you would like to transfer, as shown in the next screenshot.

Once you select your chosen cryptocurrency, type the amount you’d like to transfer:

After you have chosen the desired cryptocurrency and its amount, press the “Transfer” button:

In the next step you will see a warning message. Press “Continue”:

On the next screen, you will see the transfer overview with the cost of each transaction in the process:

After pressing Continue, you will see the estimated transaction fee. Press “Continue” again:

You will need to finally confirm the transaction in your wallet: 

It can take nearly 8 minutes and two transactions to successfully transfer your funds to Matic. This should cost you approximately $25-20 (at the time of writing), so make sure you have enough ETH in your wallet to cover this fee.

You can also use this guide to transfer your funds back onto the Ethereum blockchain, if you need to one day.

Step 3: Claim you free MATIC tokens when you make a trade

To acquire free MATIC tokens with your next QuickSwap trade, go to the Quickswap.Exchange and on the right upper corner press the “CLAIM MATIC” button. Please be aware that you can only claim free tokens when you currently have no MATIC in your wallet. You will also need to have at least 1 DAI/USDC/USDT in your wallet.

Check your wallet to ensure that you received 0,1 Matic. 

Step 4: Swap for MYST

Choose the desired cryptocurrency for swap by pressing on “MATIC”:

You will see a list of all tokens available for trade. You can find MYST by typing it in the search bar:

You can also check the available liquidity pools by pressing the “Charts” button:

You can provide liquidity by pressing the “Add liquidity” button:

 

You can withdraw your funds at any time using the same Matic dashboard. 

And that’s it – you can now make super quick trades at a fraction of a cent! If you still have any questions, jump into our Telegram, Twitter or Discord and our team can help you out.

And don’t forget to join our campaign so you can earn $MYST rewards. 😎

Happy swapping.

 

Some other useful links:

How to transfer funds from Ethereum to Matic

How to trade on QuickSwap

How to add tokens to liquidity pools on QuickSwap

Switch to Polygon & join our QuickSwap liquidity campaign

$MYST token is now listed on QuickSwap. You can trade MYST with a number of coins and cryptocurrencies at a fraction of the cost and speed, compared to other Ethereum-based DEXs like Uniswap.

Even though trading on QuickSwap is simple, many users will still need to transfer their funds from the Ethereum blockchain to the Polygon one. You can check our blog post here for the step-by-step guide on how to do this. 

When you are transferring funds from one network to the other, two transactions must occur. At current prices, it’s approximately $25-30 USD to make the switch. To celebrate our listing on QuickSwap DEX and support our growing community, we are covering the costs of transferring your funds from Ethereum to Polygon.

Note that Polygon recently rebranded and is formerly known as Matic Network. We refer to Matic at times, as their wallet, token and blockchain are still labelled in this way.

Campaign timeline

The campaign will start on 8th of April and will finish on the 14th of April. Participants will be paid their rewards between 22th and 28th of April, after the campaign ends.


How can I participate?

You need to transfer funds from Ethereum to Polygon (Matic) and/or conduct at least one MYST/USDC trade on QuickSwap between the 8th and 14th of April. Save the links to the two transactions that occurred during the transfer process, and the link to your trade on QuickSwap, so we can confirm your participation.

Please note that you will need to submit all links via this form between the 15th and 21st of April. 

Since QuickSwap uses an automatic algorithm to swap tokens at the best possible price, you don’t exactly need MYST or USDC to trade the MYST/USDC pair. If you have funded your wallet on Matic mainnet with tokens other than USDC or MYST, you can still participate in the campaign, as QuickSwap can convert the tokens for you. 

 

Requirements of participants

  1. You performed at least one MYST/USDC trade between the 8th and 14th of April.
  2. You have filled in this form between the 15th and 21st of April, with the links to your transfer and trade confirmed on the blockchain, as well as your Matic wallet address that supports WETH.

Your compensation

You will receive compensation in WETH for the costs of the transfer, up to a maximum of $30.

For example, Alice transferred funds from Ethereum to Matic and paid 0.005678454 ETH for the fist and 0.01024992 ETH for the second transaction.

In total, Alice paid: 0.005678454 + 0.01024992 = 0.015928374 ETH

Therefore, we will deposit 0.015928374 WETH into her Matic address. If the total value of the two transfers exceeds $30, we will compensate Alice $30 in WETH based on the current exchange rate. 

How should I fill the form?

When you transfer funds from the Ethereum to Matic blockchain, usually two transactions must occur. You need to submit proof of these transactions. You can use a blockchain explorer like Etherscan.io  which shows the transaction confirmations on the Ethereum blockchain. See the example in the screenshots below:

After that you will need to submit a link showing your confirmed trade on QuickSwap. Since Quickswap is a decentralized exchange, all transactions are displayed on the public blockchain. Please use the Matic blockchain explorer links to prove your confirmed trade: https://explorer-mainnet.maticvigil.com/

Check the screenshot below for an example:

Please do not submit links to your liquidity contribution in this field. Only users that have transferred their funds and performed at least one trade are eligible to receive compensation.

In the last step you need to submit your wallet address used for Polygon (Matic) trading, where you will be able to receive your compensation in WETH. 

 

QuickSwap campaign for liquidity miners

Liquidity miners can also benefit from Mysterium’s listing on QuickSwap. We encourage everyone to add funds to the MYST/USDC liquidity pool between the 8th and 14th of April and hold them for at least 30 days.


Campaign timeline

The campaign will start on the 8th of April. Users should add liquidity to the pool between the 8th and 14th of April. Rewards will be paid between 14th and 20th of May, after the campaign ends.

 

How can I participate?

Add funds to the MYST/USDC liquidity pool between the 8th and 14th of April and hold them for 30 days. We’re putting 10.000 MYST bounty pool and you will receive a proportional part to your size of the pool (our own liquidity will be excluded from calculations).

 

Requirements for participants

  1. You added liquidity to the MYST/USDC liquidity pool between the 8th and 14th of April.
  2. You have held the funds in the MYST/USDC liquidity pool for at least 30 days. Liquidity providers don’t need to fill out the form mentioned before. Each participant will receive a part of 10.000 MYST rewards pool in the MYST wallet address that was used to add liquidity.

 

Your compensation

You will receive a percentage of the 10,000 reward MYST allocated for this campaign. For example, Bob added 5,000 MYST to the pool and held the funds for 30 days. The total size of the QuickSwap pool reached 100,000 MYST, so Bob occupies 5% of the total pool.

Consequently, Bob will receive:
10.000 MYST * 5% = 500 MYST

We will deposit Bob’s wallet with 500 MYST.

Want to get involved in Mysterium Network today?

Mysterium Network is a decentralized VPN, with a growing global residential IP node network. There are versions of Android, Mac and Windows apps free to try and easy to use.

Stay tuned for more updates. If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Mysterium Network Product Updates – February 2021

Mysterium Network is building a decentralised VPN.

Our global network is open, permissionless and distributed. Last year we focused on finetuning our node software, and understanding the dynamics of incentivised networks. This year, we’re focusing on building censorship-proof applications. If you haven’t already, please make sure to download Mysterium VPN for Windows, Mac and Android. Let us know what you think on Discord or Twitter. It’s only been a couple of months but 2021 has already seen the team busier than ever.

Check out our latest product updates;

Our network achieved new milestones

We officially switched off Testnet 1.0 and released Testnet 2.0, having migrated most users and nodes across. Our network is now powered by 1100+ exit nodes (and growing), with 100+ Tb of traffic coursing throughout Mysterium.

We also extended our node bounty rules, so now 400 residential nodes are receiving payouts each month.

These are key milestones for Mysterium Network as we gear towards Ethereum Mainnet. It reflects the growing interest in – and product-market fit – for our use case (when it comes to nodes and users) across several regions in the world.

Mysterium VPN suite of apps are being revamped

We have finalised the new designs for our Android app and started working on designs for our desktop apps. 

We also started working on our iOS app prototype so we can reach this new community of users. This prototyping will help understand the challenges of ensuring that Mysterium dVPN is compliant with Apple store requirements, and the work required to make Mysterium dVPN available on the Apple store. One of the key challenges unearthed during this process was the size of 15 MB RAM maximum background processing allowed for apps on the AppStore. Our head of product, Jaro Satkevic dives deeper into this topic in this video.  

We’re fast approaching the launch of our Linux dVPN app, which is 90% complete.

Our Affiliate program is in the works, so soon our network participants will be rewarded when they introduce peers to the Mysterium universe. 

On the backend side, we’ve dedicated a significant chunk of time to the stability of our apps and nodes and fixed a lot of bugs.

We’ve worked on better quality parameters and measurements, such as the connection between the app and nodes in various regions. Distance between the user and node is one of the keys to quality of service that the user receives. For example, a particular node could provide a very stable service for someone in Brazil but may be lower performance for users from Russia. We’re working to stabilise this and ensure consistent quality for all connections across Mysterium Network. 

“Quality bars” will be introduced in our apps in the following week, enhancing and progressing our Smart Connect feature.

We’ve included a new auto-update feature in our desktop app, which checks for the latest app version and will upgrade upon launch. This will provide a better UX for our users and contribute to a more stable network overall.

We have removed Google Analytics from our desktop apps.

 

Payments

Thanks to our integration with Coingate, Mysterium users have started topping up their accounts using all kinds of crypto. We’re seeing a growing number of people using their BTC, LTC, ETH and MYST to use Mysterium dVPN app. We’ve also updated the Top Up and wallet screens for our desktop apps, making it a more streamlined and frictionless experience.

Our integration with Matic Network (recently rebranded to Polygon) is currently in progress. Ethereum deposits and withdrawals are halfway there. This is the last step before we switch to the Matic testnet in the production stage. This will also lead to our full BetaNet release when Matic will become our main blockchain platform. 

We’re also looking at the listing of MYST on additional DEXes. CEXes are also being considered.

 

Protocol

We’ve been deep in the research phase for new MYST tokenomics models. This involves a staking mechanism for Hermes hubs and introduces some new DeFi elements. More details on this will be published soon. 

We’ve also been reconsidering our pricing model. By the end of March, we should propose a much better solution than our current one. While nodes are currently free to set their own price, many node runners don’t know which pricing is reasonable. This is because users have to filter by not only quality and location, but also look at pricing. For the auto-reconnect feature, where the app looks at a similar node during a session break, this also complicates things. We’re going to introduce “surge” pricing based on supply and demand for nodes in any given region. This will also allow Mysterium to spread traffic more equally among nodes. More details on this to come.

 

Company

We’re fast expanding our team. Please look at our open positions or pass on the details. 

There were some great interviews with various team members from Mysterium. You can see the playlist here.

Want to get involved in Mysterium Network today?

Mysterium Network is a decentralized VPN, with a growing global residential IP node network. There are versions for  AndroidMac and Windows, currently free before our full launch.

Stay tuned for more updates. If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Testnet 1.0 ends as Testnet 2.0 unlocks new milestone

Following a successful migration to Testnet 2.0, we’re excited to announce that Mysterium’s Testnet 1.0 is being “switched off” forever.

Our migration began earlier this year, but you can already see the latest network statistics showing the amazing growth of both our node runner and user communities.

We’ve seen healthy organic growth of our node network in particular, reaching 1000 exit nodes and 100+ Tb of monthly traffic coursing throughout.

This continues from our impressive network growth in 2020. In fact, it’s already 2x our 2020 high in just the first quarter of 2021.

 

We’ve also seen 25% increase in our monthly active user base since the end of 2020.

This graph shows the transition of Mysterium dVPN users from Testnet 1.0 across to Testnet 2.0 over the last three months.

This new milestone keeps us right on track for our product roadmap, easing us into Stage 3.

If you’re running a node, you can read more about our latest node bounty updates, including changes to payouts and our plans to extend the opportunity of earning to more regions around the world. 

For the month of March we are excited to announce the addition of Canada and India to our residential IP bounty program. These have been long requested in our community and we hope to see consistent growth of node runners throughout both regions.

Here are some other TL;DR announcements coming to you soon: 

  1. New Mobile App Design – if you haven’t seen it yet, check out the sneak peek of our slick new UI 
  2. Launch of Affiliate Program – introducing your friends to Web 3.0 will give you more than just kudos

Mysterium Network – a resilient anti-censorship layer for web 3.0

Mysterium Network is a decentralized VPN, with a growing global residential IP node network. There are versions for  Android, Mac and Windows, currently free before our full launch.

Stay tuned for more updates. If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Mysterium Residential IP bounty evolves as network grows

Mysterium Network is building a decentralised virtual private network (VPN). In the last few months we have transitioned from our Testnet 1.0 to Testnet 2.0. You can dive deeper into what these updates have meant for our network in our latest product update

Following our upgrade to Testnet 2.0, we have seen organic growth of Mysterium node network – with a 1000 stable nodes and counting to date. 

This has meant a need to review our residential IP bounty program, as we hope to extend the opportunity of earning in Mysterium Network to more regions around the world. 

Attention all Mysterium Node Runners

We are updating the Mysterium Residential IP bounty to offer more flexibility as we go grow our node network. This will mean quick and iterative changes to our Residential IP bounty. 

This begins with an introduction of a cap of bounty rewards to 60,000 MYST/ month for the residential IP bounty program. 

We will also be reviewing growth of Mysterium node network monthly and making amendments to the regions included alongside with maximum payouts per node. Firstly we are increasing the amount of nodes who will receive payouts in our residential IP bounty from 250 to 400. This applies to node runners in the US, UK, Germany, Italy, Netherlands, and Australia. 

For the month of March we are excited to announce addition of Canada and India into our residential IP bounty program! This has been a long awaited region in our community and we hope to see consistent growth of node runners offering service from the region. 

The following are the main changes to Mysterium Node bounty programs:

Residential IP bounty

  • Maximum earnings of 150 MYST / Mysterium Node 
  • 400 nodes will earn in total
  • New region introduced: Canada 

Global IP bounty

  • Maximum earnings of 40 MYST / Mysterium Node
  • 4 nodes / region in Global IP bounty 

You can find more details of the changes noted here

To learn more about running a node on Mysterium Network you can check out the following resources: 

  1. What is a Mysterium Node
  2. How to earn on Mysterium Network?
  3. What is the Mysterium Node Residential IP bounty? 

What’s coming in the future?

We are inching closer and closer to the much anticipated Mysterium Mainnet. With this we will seek to implement the following: 

Unified Node Pricing


We will seek to remove manual price selection and unify pricing in Mysterium Network based on region, type of node, quality of service and the supply and demand coefficients in that region. More detail on this coming soon. 

Onwards to a more open internet 

Mysterium Node Runners are the foundation of the core technology that Mysterium Network is building out. We are excited to welcome more node runners into our community. 

To those of you who have been a part of the journey so far, we thank you for your continued support. We couldn’t do this without you. Want to learn more about our project or stay up to date? Follow us on twitter or jump into our discord to chat with our core team.