CyberMiles foundation is the best company in the provision of e-commerce
CyberMiles.
Who they are: CyberMiles is a blockchain technology created by CyberMiles Foundation Limited with the objective to become the best company in the provision of e-commerce and design for mainstream implementation.
Area of concentration is on e-commerce and online commercial centres. The foundation will incorporate the most recent blockchain advancements to authorise smart Contract on a profoundly compelling chain, and resolve the inactivity issues related with the existing general blockchains.
CyberMiles Foundation Limited is not a “stand-alone company” but has the full backing and support of 5miles Company. 5Miles has a dynamic record in Research work on blockchain technology, hence the collaboration to work together as a team. 5Miles was created in 2014 by a team of expert from China and the United States of America and has streams of achievements and has also launched its app in 2015.
5miles is a pioneer in consumer -to -consumer ("c2c") web based business in the United States. Its lead application, the 5miles application, has more than 10 million enlisted American clients, and is evaluated to outperform $3 billion in complete exchange an incentive in 2017. The 5miles application is appraised as the best 10 shopping application in the United States. All things considered, 5miles clients burn through 24 minutes for each day on the application, making it effectively a standout amongst the most captivating online business applications in the US.
CyberMiles have faith in the fact that blockchain technology could give normal answers for regular issues in a consumer -to -consumer online businesses.
What is their drive? The well-known big player in the e-commerce industry like Amazon, AliExpress, Groupon, Walmart and Ebay to mention a few has accumulated the scale advantage that allowed them to achieve greater efficiency through centralized procurement, marketing and distribution. As big and efficient as they are, these commerce and retail are completely centralized in operations. The constant influx of new products, combined by the vast amounts spent on marketing and advertising to convince consumers to buy these products, has resulted in a wasteful society where unused or lightly used products are either taking up space in our homes or exist as waste in landfill. This if not properly handled can lead to problems and one cogent reason of this problem is that the e-commerce system is still running a centralized platform. Hence the actual reason CyberMiles was developed to enable e-commerce to run on a decentralized platform.
What makes CyberMiles stand out?
There many company utilizing blockchain to manage e-commerce but the truth remains that they are unable to solve any of the challenges facing e-commerce. Most of the smart contract applications are out-dated.
CyberMiles will improve the e-commerce sector as follows:
a. Support a large library of commerce-related Smart business Contracts that powers decentralization.
b. Manage user identity and data generated from transaction in a secured way and at the same time allow new transactions and payments between network participants.
c. apply a delegated PoS (Proof-of-State) agreement engine to support numerous transactions per second, by so doing the latency issues of existing chains shall be solved.
CyberMiles is introducing a token known as CMT.
CMT is a crypto currency created for use on the CyberMiles network, and on distributed applications on the network. 5miles will incorporate its already developed wallet function to store CMT balances, allow users on the network to use the token on 5miles platform once the tokens are activated.
CyberMiles protocol is also a feature of CyberMiles and will be operating on an decentralized source of blockchain.
Uses of CyberMiles Token (CMT)
To compensate and boost community members to contribute computing power and keep up the honesty of the system.
To incentivize community members to provide value-add services, such as peer-to-peer customer support and conflict resolution services. The service provider could receive CMT from other members in the community after a consensus is reached.
To facilitate transactions within the network. Processes and interactions throughout the supply chain, as well as between buyers and sellers, could be recorded and facilitated by CMT. That takes into consideration decentralized settlement and could possibly enormously diminish the cost of exchanges and rubbing on the system. The system would separate an exchange expense to pay validators who execute keen business contracts related with the exchange.
CyberMiles Token is intended to be an "ace token" to subsidize and enable new internet business applications and undertakings, similar way that ETH is utilized for the present age of ICOs.
CyberMiles will run the community on a Democratic system.
In most consumer- to –consumer marketplace, complications arises as a result of the centralized management and such complications usually lead to closure of accounts and censorship. This has an adverse effect on sellers and buyers as well.
CyberMiles will offer support for safe and suitable marketplace where a user in the community has the responsibility to come up with a request to close his account or select the particular products of choice. He further pledges a measure of CMT in a smart business contract when making this request. For other features of CyberMiles refer to http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
The CyberMiles Foundation proposes to initially generate and issue 1 billion CMT, however over time, this may expand and be capped at 10 billion CMT.
Upon the completion of the proposed CyberMiles token contribution for 700 million
CMT, there will be a total of 1 billion CMT in circulation
.
Token Contribution is proposed to launch soon after incorporation of the CyberMiles
Foundation For further information and updates regarding the Token Contribution, prospective participants are invited to provide their email address at http://cm.5miles.com.
The proceed from the Token Contribution shall be use for further expansion of CyberMiles Blockchain protocol etc.
Website: http://www.cybermiles.io/
Author: https://bitcointalk.org/index.php?action=profile;u=1221175
Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
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