Introduction Cybermiles Project and join Testnet
Hello everyone today, I will introduce a token ico finished and many people know it. Before the Lunar New Year there was a project called ARCblock open ICO and very successful and token to buy ICO that is token Token Cybermiles(CMT) if you don't know what is CMT and how it work.
I'll introduce CyberMiles !
CyberMiles is preparing for the Test-net event on April 30. This is an opportunity for us to know more about how is CMT stable ?
What is CyberMiles?
CyberMiles is :
CyberMiles, found online at cm.5miles.com, is a blockchain technology in development by 5xlab. To release the platform, the company has partnered with 5miles, combining 5xlab’s blockchain expertise with 5miles’ C2C marketplace platform. The 5miles marketplace was launched in 2015 and now has 12 million users in the United States.
5miles is expected to be the first platform to use the CyberMiles blockchain technology. It will be used to create a decentralized consumer to consumer marketplace.
The ultimate goal of CyberMiles is, according to the official website, “revolutionizing how commerce & marketplaces work.” CyberMiles aims to allow consumers to buy and sell products amongst themselves with the same confidence they have when shopping from Amazon or Walmart.
It’s a version of Ethereum that’s catered specifically to marketplace and commercial use.
How Does CyberMiles Work ?
CyberMiles is a consumer to consumer (C2C) marketplace where users can create their own marketplaces, manage their own communities, and conduct transactions in a trustless, peer-to-peer environment
CyberMiles is designed to be more than just a blockchain-based platform. The company is being developed as a “fat protocol” consisting of a blockchain-based virtual machine coupled with defined modules of middle-layer software stacks that operate off-chain. Together, all of these modules support decentralized processes governed by smart contracts implemented on the network.
Who’s Behind CyberMiles ?
CyberMiles is a collaborative project from 5xlab, a blockchain research laboratory, along with 5miles, a consumer-to-consumer platform with 12 million users in the United States. 5miles was formed in 2014 by a team from China and the United States and has raised $62 million USD from investment firms like SIG, IDG, Morningside, and Blue Lake. The 5miles platform launched in 2015 and quickly became one of the top 10 largest shopping apps. Today, the app claims to have 12 million active users while conducting $3 billion in transactions every year.
5miles was founded by Dr. Lucas Lu, CEO, who was previously a co-founder and CTO of Light in the Box. Prior to that, Dr. Lu was the first GM of Alibaba’s Taobao Mobile platform.
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