Mysterium Network is a decentralized VPN, which allows users to achieve end-to-end encryption and access all websites as if they were in their homes country. With the arrival of Mysterium Network Token (MYST) on the Waves platform, IQ Protocol will provide value for MYST token holders by leveraging staking capabilities for network growth purposes.
13 January 2022, Tallinn, Estonia, Chainwire
The IQ Protocol supports a circular subscription model for platform users while offering risk-free and collateral-free staking benefits to holders of Mysterium tokens.
The decentralized VPN Mysterium Network has been integrated with IQ Protocol, the world’s first risk-free, collateral-free DeFi solution for blockchain subscriptions.
Cryptocurrency transactions must always be immediate, one-time payments due to the nature of blockchain technology. A subscription model for cryptocurrencies that provide continuing services is created by The IQ Protocol, an industry-first DeFi solution that uses timed tokens.
With this invention, a circular SaaS economy is created by bringing the power of DeFi to non-DeFi services like Mysterium. Next the introduction of a PARSIQ pool on BSC earlier in 2020, this is the first pool IQ Protocol to be deployed on Polygon. Etherium and Solana are the following chains on the roadmap for a genuinely multichain solution.
A worldwide network of more than 10,000 nodes powers Mysterium. In order to maintain a node and provide VPN and proxy services to international users and B2B customers from both Web2 and Web3, users use MYST.
The Mysterium Delegation Pool now allows holders of the $MYST token to stake their tokens, and nodes may rent tokens they need from this Pool. A portion of a node’s profits is automatically handed out to Pool stakers, and tokens are leased for a certain period of time.
According to IQ Labs CEO Tom Tirman, “Mysterium are offering a crucial service to the decentralized ecosystem, and we’re thrilled to assist their continuing development with the integration of IQ Protocol.”
In a non-inflationary tokenomic paradigm where yields are produced from genuine real-world use cases and not necessarily driven by market volatility, Mysterium will now be able to provide staking and lending incentives to holders of $MYST tokens. As we advance toward the release of our native token, $IQT, this is the first of several staking pools we have planned up in Q1.
The original team behind PARSIQ, a platform for real-time blockchain monitoring that links blockchain activities to off-chain software and hardware, created IQ Protocol. Whitelist campaigns are now active across all social media platforms in the lead-up to the release of the IQ Protocol Governance Token.
All $MYST holders who want to stake their tokens may now do so in the Mysterium BETA version of the IQ.Space pool. Rewards are given out in $MYST.
What is IQ Labs?
This new independent business, which was recently established to assume control over the ongoing development and implementation of the IQ Protocol (formerly managed by PARSIQ), will pave the way for crypto subscription services and risk-free, collateral-free loans of NFTs and DeFi tokens.
Using Telegram: t.me/iqprotocol
Concerning Mysterium Network
The internet is being rewired by Mysterium, an open-source startup with Swiss roots that was launched in 2017. Currently, Android, Mac, and Windows users may use Mysterium’s decentralized VPN. One of the online communities that is decentralizing the web and is expanding the quickest is one to which Mysterium dVPN connects. Anyone may share their excess bandwidth and IP address with others in need via this open market, shielding others from censorship, spying, and criminality.
- Alexandra Nesterova
- IQ Labs
- [email protected]
- +372 58129949