CyberMiles is a project that tries to compete with Ethereum in the field of e-commerce. CyberMiles was developed on the ETH blockchain and compatible with smart contracts and dApps created for Ethereum. It has such differences as reduced fees, higher network capacity, and many other advantages.
The developers intend to bring CyberMiles into leaders in the area of e-commerce. The ultimate goal of developers is to create an ecosystem convenient for customers. Its functionality will allow them to buy and sell products with the same level of comfort as on Amazon or Walmart services. At the same time, the activities of such a platform will be reliably protected by a decentralized and secure blockchain structure. To achieve this goal, CyberMiles implements a protocol that provides tools for creating custom modules. In addition, participants might create their own trading floors in a wide variety of trading areas. CyberMiles technology provides users with:
CyberMiles functionality is supported by the internal CMT coin, created for access to platform tools. Developers pay attention to CMT cryptocurrency and the possibilities of its integration into partner applications and various services.
The development of the CyberMiles platform started in 2017 but has a long history. The prototype of CyberMiles was the released online application called 5miles. It was focused on commercial activities under high-security conditions. Lucas Lu founded 5miles in 2014. He is the CEO of both 5miles and CyberMiles. He has a Ph.D. in particle physics and used to work at CERN. He was a Top Manager at Alibaba and CTO of LightInTheBox.
Co-founder Michael Yuan, who is the project’s scientific lead, has a Ph.D. in Astrophysics. He’s the author of five books on software development and worked on Firefox, Fedora, JBoss, and other open-source projects.
The rest of the leadership team also consists of experienced professionals.
The founders attracted significant investments, which allowed them to develop the project. They gradually increased the user base to more than 10 million participants with an annual turnover of the platform of $ 3 billion.
In August 2017, the development team focused on creating a platform for decentralized commerce. 5miles was used as an example in the development of the project. ICO was held in November, 2017, 70% of the total number of coins was put up for sale. In total, 1 billion CMT coins have been issued. Coins can be used in the 5xlab application for transfers around the World and payment for purchases on the network.
If you believe in the idea of decentralized marketplaces for e-commerce, then CyberMiles is certainly an interesting project with a highly qualified team. Here you can find the instruction on how to buy CMT using SimpleSwap:
Done! You are awesome and now you have CMT coins in your wallet!