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Mysterium – now on uniswap 🦄

Mysterium integrates UniswapV2 and launches MYST liquidity pool!

Mysterium Network is fast approaching its launch on mainnet. This exciting event will allow all users to pay for privacy services using our native MYST token, which has not had its utility potential unleashed – until now. 

MYST is the token at the heart of Mysterium Network. It acts like digital fuel, serving various functions and bringing different network security and stability functions into Mysterium Network.

As stated in our founding whitepaper, MYST is a utility token. Therefore, providing liquidity for MYST prior to our dVPN launch has not been a focal point for the project. However, we anticipate that purchasing MYST may become a friction point for many new users who are keen to explore and use Mysterium VPN. Most of our users are not crypto-savvy, and may be unsure about where to begin or where to find the token.

Read: Did you know we’re upgrading the MYST token? Learn how to migrate your tokens here.

After collecting responses from a community survey, we learned that half of our current node runners prefer to receive their payments in Ether (ETH). Our survey has also shown considerable demand for payment settlements in Ether or stable coins. This is a feature we will look to implement in the future.

Our main focus is on growing traffic within the network, and in making it more resilient. We want to remove friction in our user journey, first for early adopters who hold crypto, and then to a wider audience. The large community of ETH and other ERC-20 token holders are a natural fit for Mysterium VPN. But they need an easy way to swap for MYST, creating a seamless onboarding experience.

To meet these requirements, Mysterium will be integrated with popular DEX platform Uniswap.

What is Uniswap?

Uniswap is a decentralized exchange. A decentralized exchange (DEX) is a peer to peer marketplace for cryptocurrencies that involves smart contracts instead of traditional third parties, such as brokers. It allows users to trustlessly swap Ethereum-based tokens. You can swap your tokens directly with other tokens supplied by their liquidity pools. 

A platform like Uniswap is just the interface for accessing these liquidity pools. Instead of a traditional order book, Uniswap pools all tokens into smart contracts, and users trade against these liquidity pools. Liquidity pools can be funded by projects or by users themselves, which are often rewarded with a percentage of the fees generated from all trades. Anyone is able to swap tokens, add tokens to a pool, or create a new pool (list a new token) on Uniswap. 

With decentralised exchanges, the process of trading is automated by smart contracts. You don’t have to have an account with the individual DEX platform – you just link your preferred wallet which signs and executes the transactions. 

How will the integration improve your experience?

We have created a liquidity pool for MYST on Uniswap. We’ll then integrate this pool with Mysterium’s backend, so it connects to our payments protocol, Hermes. Hermes is Mysterium’s native payments infrastructure which enables P2P transactions between all users (service providers and their customers).

Our service providers (node runners) will also be able to choose whether their payments are settled in MYST, or swapped directly into ETH, with a click of a button. This can also be done automagically, with settlement features that allows nodes to set certain thresholds which settle automatically when they are met. In the future, DAI will also be available as a payment option.

On the user side, this integration enables us to onboard broader communities into Mysterium Network. New users will be able to send ETH (or an ERC-20 token of their choice) to their Mysterium account, and receive MYST almost instantly to begin paying nodes for their services straight away. This means that a user won’t necessarily need to know what MYST is to use Mysterium Network. 

The MYST community is invited to provide liquidity to the Uniswap pool. This also provides an opportunity to earn a share of all fees from trades made through the Uniswap pool. 

In the future, we plan to integrate with other DEX platforms like Changelly to help connect BTC and other blockchain communities into Mysterium Network.

Ready to dive into MYST liquidity pool?

Excited about Uniswap x MYST? So are we. You’ll be able to provide liquidity yourself or simply swap your ETH for MYST ahead of our launch. 

Mysterium Network wouldn’t exist without its committed community of node runners and users. For this growing community of netizens committed to keeping the internet free, we are endlessly thankful. Interested in helping? Find out how you can run a node.

If you haven’t already, check out Mysterium dVPN available for Windows, Mac and Android. All our client applications are currently in testnet – so are currently free for a limited time. Try them out!

Mysterium Node Runner settles claim in Germany

Permissionless networks come with regulatory grey zones. This is known. We are here to change an existing system. 

Mysterium Network is building an incentivised, permissionless network. When we first came together as a project team, we knew this day, and more of its kind would come. 

TOR project, a front runner in this the distributed internet space has faced its fair share of battles against systems of centralisation. A quick google search shows up specific cases against Tor exit nodes. You can see some examples здесь and здесь

Mysterium Node Runner settles claim in Germany

On 15-04-2020, a legal claim was presented against a Mysterium Node Runner in Germany. The claim was that someone was uploading copyrighted content through this node. While no file size was specified, a checksum of the file that had been uploaded was provided.

The Mysterium support team worked with the node runner to help him retrieve logs and investigate how many nodes were connected at a given timestamp. This information helped the node runner to prove there were other members in his “household”, i.e. network. 

Our understanding is that the case is now closed.

Mysterium Network’s ongoing commitment to Node Runners

As participants in a permissionless network, we as a community are committed to a free-er internet. 

We are happy to work with node runners to provide any information (within our means, we are after all a decentralised system) to help in cases like the one above. 

As technology providers, we will try our best to protect all actors within the network. In saying this, given the research and development phase of Mysterium Network, we cannot guarantee protection for Mysterium Node Runners.

We understand the need for a legal framework to help protect node runners and have prioritised this following our launch to mainnet. For now, we urge you to look at TOR tips for running an exit node as guidance.

We are also currently seeking guidance from industry bodies within the internet freedom landscape to help shape an industry standard for dVPN, so that we can work towards a long term solution to a known problem. 

We thank you for your commitment to the cause. 

Onward. 

Join the Mysterium Army. Spread digital 💜🌈

Every revolution begins with a click

Mysterium Network has been a grassroots and community-driven project helping users sell wifi access to those in heavily censored regions.

You are quite literally what powers our network. The fabric of an interconnected, open and democratic internet is tearing apart in the hands of corporations and governments. You are the common thread that keeps it tied together. 

Related: What is happening to our internet? And what can we do to stop it?

We consider our community to be our strongest asset. And we need your help in educating others on privacy, anti-censorship and the need for VPNs. Teach others how to sell wifi access, set up their dVPN, or learn about their digital rights. 

We want to be a platform for your voice in this joint journey towards building a sustainable, permissionless VPN network which protects every online citizen. 

Help us in this battle for the internet we all deserve.

Get up Stand up for your Rights

How can you fight the power?

Help a friend set up a node

If you’re not already running a node, you should be. If you have a friend who wants to contribute to our network, that’s the first step. Check out our definitive guide to becoming a Mysterium Node to get started.

Create content and engage in intelligent conversations on social media

#netneutrality #internet #censorship #freespeech #privacy #isp #dataprivacy

The dVPN market is constantly evolving, help us place Mysterium Network front and center of it.

Related: A comparison of decentralised VPNs (dVPN)

Host a local meet up and give away nodes

We’re currently paying bounties for nodes in the UK, US, Italy and Germany. More geographies coming soon. We can also load you up with swag.

Start a telegram group in your language

Our movement is global. Join our discord channels and speak with @JX2OPS or @SharminiR about how you can help.

Создавайте в Mysterium Network

We are open source. We encourage you to understand our technology and utilize our node network within your service. You will find our developers in our discord channel.

Help us spread good digital vibes around the world

Sign up to hear first about new geographies we will be adding and other upcoming developments.