CyberMiles - Public Blockchain for E-commerce

CyberMiles organization is building the blockchain based platform that will be released publically and allow the e-commerce business and users to transact securely. The platform will be built using the smart business contract technology. It is specially optimized for the large-scale e-commerce businesses. It will have a single large-scale network which will be managed and validated by the communities of the trustless peers. E-commerce business from all around the world can use the CyberMiles blockchain platform to access the large network of the sellers and buyers community. It can use the CyberMiles Token as their in-app tokens to support the program. The e-commerce platform will share the loyalty points through this tokens and encourage users to participate in the system to generate more sales. The CyberMiles is going to revolutionize the e-commerce business in the world. The users who will be participating in the platform will be incentivized for their contribution. The innovative ideas will help buyers and sellers to earn more from the platform.

CyberMiles Platform

The CyberMiles is going to solve the existing latency issues of the blockchain technology by integrating the latest innovation in the blockchain technology. The company is majorly focusing on the e-commerce and online marketplaces to integrate the technology to power the Smart business contracts on in the platform. The utility token of the CyberMiles will be used as the master token to fund and empower the new e-commerce businesses and applications. It will perform similarly to the ETH token system that used for the current generation of the ICOs.

In the development process, the Cybermiles foundation will be working with the governance to plan decentralized platform by giving preference to the existing members of the ecosystem. This will assure that the final system will be completely secure for doing large scale transaction across the world. The CyberMiles has the vision to create a public network that runs autonomously with the help of existing members. It will be highly secure and trusted by the business services.

About 5miles plan

Eventually, the 5miles will migrate their sellers and buyers to the system. This will be the first group of people who will be interacting with the platform. The group will allow to actively participate in the decentralized network. In simple term, the 5miles users data will be the pioneer of the new network which works as a backend service, and it will give the kick-start to the ecosystem. Once new users start joining the platform and system requires a good number of the users from all over the world, the network will become strong. The users will be incentives by providing the CyberMiles token, and it will be applied to the other partner platforms and marketplaces as well. The process will work autonomously driving the marketing place and become one of the leading blockchain protocol for commercial and marketplace applications in the world.

5miles is one of the top consumers of consumer e-commerce portal in the United States. The 5miles are running the application called 5miles app that acquires over 10 million registered American users since launch. It is calculated that it will exceed $3 billion in total transaction value in 2017. It is a highly popular application in the US. Many new users registered on the platform every day. The application is constantly growing in the market. The 5miles app is rated a top 10 shopping app in the US. As per the analytical data, the 5miles users spend more than 24 minutes per day on the app. The statistic clearly shows that the application has very high engagement rate in the e-commerce industry. People utilize various features of the application and participate in a various activity while operating the app.

CyberMiles & 5miles Background

The CyberMiles is the blockchain technology developed and managed by the CyberMiles foundation a blockchain research laboratory working closely working with the 5Miles. The 5Miles organization was established in 2014 by a team from China and US. The company has raised around 62 Million USD from the top investment firms such as SIG, IDG, Morningside and Blue Lake. The company got good recognization in the local media houses for its popularity in the region. Since the launch of its own smartphone app in the year 2015 the 5Miles has reached the pinnacle of the industry. It is listest as the top 10 shopping app in the United States. The app acquired more than 12 million users since its launch. It is experiencing continues growth in the user's signup and popularity in the market. Its real popularity can be seen by looking at the transaction done in the app. In the US only people do around the value of 3 billion dollars transaction annually from the app.

The app has a huge users database that is actively participating in various services and contributing to the app to grow faster in the industry. The founding CEO, Dr. Lucas Lu, was previously was a co-founder and CTO of Light In the Box company. The company went public on the NYSE later. Before entering the Light in the box, a Lucak was the first GM of Alibaba's Taobao mobile platform. He has great working experience in the technology market. His vision and contribution to the industry helping him to achieve more and provide great service to the users.

The CyberMiles Blockchain Protocol

CyberMiles team has developed the blockchain based protocol that specially designed for the business and marketplace applications. The protocol is design in a way that consists of the blockchain based virtual machine to run the program. It will define the modules of the middleware software stacks. It is will work completely independently without interacting with the existing chain to support decentralization process. It will be using smart contract to verify and process the information in the network.

CyberMiles Token

CMT is the name used for the CyberMiles token. The token will be distributed in the platform and used by the users to create a smart contract and for other various purposes. The CMT crypto token currency will be integrated into the platform and used on the CyberMiles network.

The in the first phase the CMT token will be issued and implemented on the public Ethereum blockchain as an ERC-20 compliant token. 5miles application will integrate its own existing wallet function to manage the CMT token balance in the platform. Users can use this wallet to utilize the tokens on the 5 Miles platform and participate in the various activities by using the token balance. The wallet will be activated after the token sale made public. The CyberMiles protocol is developed for implementing on specially designed open source blockchain platform. The initial CMT token will be based on the ERC-20. It would be exchanged on the 1:1 basis with the native CMT issued on the CyberMiles platform. While exchange procedure, it will be using the stored value and rights transferred to the native token.

In conclusion

The CyberMiles is ready to change the existing marketplace and become the industry leader. The experience of 5Miles and its technology will help the CyberMiles to take the lead in the market. By utilizing the current user's database, the company will get a quick start to attract more users to the platform. We will see more development in the technology in the coming years. If you are interested in purchasing the token, then visit the official website of CyberMiles today.

More information on the project (CyberMiles) please visit their website listed below:

 Website: http://www.cybermiles.io/

 Whitepaper: https://www.cybermiles.io/vision/

 Telegram: https://t.me/cybermilestoken

 Twitter: https://twitter.com/cybermiles

 Facebook: https://www.facebook.com/cybermiles/

Author: Dulaj Dilshan

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2053287

Telegram username: @dulaj15

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