It sounds less like you're selling bandwidth, than letting your devices participate in scraping the web in a non-centralized way that's harder for site owners to detect.
I'd be interested for anyone to run wireshark on this and see what it's up to...
I can imagine it's going to be doing lots of false ad clicks on things, scraping news sites, brute forcing captchas, spamming forums, and lots of other shady stuff.
Really wouldn't be surprised if future versions don't 'borrow' your browser cookie jar so they can pretend to be browsing the web with a highly trusted non-spam login to Google/Facebook/etc.
I don’t see why it shouldn’t be possible to record all of the traffic it uses. Possibly even modify it. I hope someone takes this on as a challenge, it would be a fascinating article to read.
It looks like they are trying to emulate onion routing, but on the regular Internet. At the very least, it turns your computer(s) into exit nodes for VPN use. They recommend 3 devices, but also of course you have to keep your router available.
I can imagine this getting your IP blocked from some sites. Chances of you noticing might be slim, but it would be quite a pain if it did affect a site that you do visit.
Also, the unspoken part: They are using your electricity as well. So hopefully whatever you get out of this pays enough for that as well.