Substratum was founded with the mission to build "the foundation of the decentralized web." The project's goal was to create a global network of user-operated nodes that would allow anyone to securely host and access web content, bypassing traditional internet censorship and control. The company funded its development through an Initial Coin Offering (ICO) in 2017, raising approximately $13.8 million by selling its native cryptocurrency, the SUB token. However, the project failed to deliver on its core promises and subsequently faced significant legal and regulatory challenges that halted its operations.

Founded in

United States