Cyber Miles

Cyber Miles | Ecency

Many cryptocurrency users are demanding markets such as Google or Amazon to start adopting certain coins. This adoption method can cause more legitimacy than the coins given. But such adoption methods will be processed under centralized power. Using the blockchain to improve the supply chain will also maintain a centralized structure. A truly decentralized market for the masses has avoided crypto space for a while. The cornerstone of research on the Blockchain CyberMiles in collaboration with the c2c shopping application 5miles wants to change the situation by introducing the Cyber Mile Token on the Ethereum platform.

5miles is a c2c application (consumers to consumers) that allows users to resell items to other customers. Ranked number ten in the SimilarWeb top shopping application, 5miles handles the problem of waste of goods in the world that was once a commodity. And this provides a platform for local companies to advertise and offer goods and services.

5miles has received investments from GIS, IDG, Morningside and Blue Lake. As a company, it has access to 11 million users as of January 2017. 5miles intends to make its CMT tokens available in various wallet systems and virtual machines. 5miles, together with their blockchain research foundation, CyberMiles want to use CMT (CyberMiles Tokens) to decentralize their markets further.

How this Work?

The application of 5miles users with CMT is very involved. 5mil will facilitate a decentralized market using CMT tokens for arbitration, purchases, digital coupons, advertisements, incentives and loans. The volunteer intermediary will function for arbitration services if the user decides that the transaction has become chaotic.

The arbitrator will have access to all material related to trade transactions without extracting consumer information. In CMT 5mil trade, both the buyer and seller will enter the amount of goods purchased in Escrow. If the buyer wins the dispute, the CMT seller placed on escrow will distribute to the arbitrators and CMT the buyer will return to their wallet.
5miles is optimistic about the types of features they can offer. For example, 5Miles wants to encourage local communities into subgroups. These forums, which are managed by moderators who will collect contributions at CMT, will serve as a discussion base for the same-minded players, traders or music fans. They can also raise funds at CMT, and advertisers can have access to the group by paying access fees.

5miles also wants to enter the community in using smart contracts in real time for promotional purposes. This together with influential brand ambassadors will ensure that the community is profitable and involved by consumers. 5Miles is committed to making a decentralized market about the community. Even customer service will be decentralized because volunteer experts help end users find solutions to problems they might have for CMT.

Token sales schedule

Sales of CMT tokens are targeted at end-user platforms. One billion tokens will be released to the public at first. 700 million tokens will be released to end users with a 300 billion backup for the foundation of 5miles and Cybermiles.
100 million will be pre-allocated to 5 miles for platform implementation. Another 100 million will go to the Cybermiles Foundation for technology and operations development. And the last 100 million will be set aside for future releases to end users for promotion and encouragement purposes.

CMT will expand under the dPoS protocol at a rate of 8% every year for a period of ten years. After ten years, the foundation will decide on what level CMT will continue to expand. It is important to note that when markets develop, CMT can also be used as a basis for other market tokens as well. 5miles expects to become the first CMT commercial product in June 2018. Pre-registration, or KYC, ends on November 21. In order for anyone to participate in sales, they must pre-register. ICO for CMT starts from November 21 to December 5.