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Wednesday, September 22, 2021
Home News VPN Blockchain Startup Mysterium Network Raises 68,629 ETH ($14,358,975 USD) in under...

VPN Blockchain Startup Mysterium Network Raises 68,629 ETH ($14,358,975 USD) in under 45 minutes

Mysterium Network has raised a whopping 68,629 ETH ($14,358,975 USD) in under 45 minutes in their Initial Coin Offering (ICO) today.
Mysterium Network aims to be fully decentralized, peer to peer based and serverless VPN  node network, designed to provide privacy restoring techniques to its users and financial incentivization to its node operators (providers). It will work by utilizing blockchain technology such as Ethereum, smart contracts advancing their features with state-channels and evolving mechanisms of promises, combined with censorship evasion protocols developed by the community acting as applications of the network.

Development of Mysterium Network is spread out into distinct phases starting with Phase I and Phase II. Each phase is further divided into several internal stages.

Please refer to https://mvp.mysterium.network. Ubuntu and Devian versions for Node are available to download and install.

Cost ot Mysterium services will be defined by the node operators. Since this will create a phenomenon known as ‘perfect competition’ – we expect prices to be significantly lower than of current VPN providers.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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