Cybermiles ICO Review ~ Perajasaurus

CyberMiles: Empowering the Decentralization of Online Marketplaces

CyberMiles Foundation Limited (“CyberMiles Foundation”), is a company limited by guarantee to be incorporated in Hong Kong and governed in a not-for-profit manner. It will work closely with 5miles LLC (“5miles”), with the aim of developing CyberMiles: a next-generation blockchain optimized for e-commerce and designed for mainstream adoption.

By focusing on e-commerce and online marketplaces, CyberMiles will integrate the latest blockchain innovations to power “Smart Business Contracts” on a highly effective chain, and resolve the latency issues associated with existing, general-use blockchains. Its utility token, CyberMiles Token, is planned to be a “master token” to fund & empower new e-commerce applications and projects, similar to how ETH is used for the current generation of ICOs.

Throughout the network development, CyberMiles Foundation will be assisting the governance of the decentralized platform, with strong involvement by members of the ecosystem. Our vision for the future is a public network that provides secure and trusted business services for its members, by its members.

What is Cybermiles?

Cybermiles is a new, fast and rising generation block-chain used for small-scale businesses or contracts developed by Michael Yuan. As compared to other cryptocurrencies such as; Ethereum, Bitcoin and others, it is said to have being designed to have a “Geek Business Contract” which is more superlative and superior. It is far more superior to “Ethereum Smart Contracts” and with its fast and rising rate, it would soon be regarded as the next world’s Ethereum (ETH).

Cybermiles has a future tendency of being the most used cryptocurrency in the world. It would cover a large rate of above 10 million users that are currently based in the United States. This large expanse covered makes them a competitor and rival to Ethereum. It has been designed effectively to support applications on e-commerce whereby it provides a vast array of archive or collections for commerce-related transactions. This array proportionally makes it possible for the start-up of a decentralized application on e-commerce.

CyberMiles & 5miles Background

5miles proposes to be the initial ecosystem to apply real-world applications of the blockchain solutions that the Foundation is developing. CyberMiles is the blockchain protocol that will underpin these solutions, and CMT aims to be the fuel for transactions, and serve to incentivize participants in the ecosystem.

What will the Cybermiles tokens do?

CMT has a lot of advantages for holders, that are mostly for their 5miles application. With CMT, 5miles plans to reward and incentivize the community members if they contribute their computing power for maintenance of the network. This can be done in several ways; running nodes, validating transactions and the execution of Smart Business Contracts. In short, if you help the network, you’ll be rewarded with CMT!

But there are other things too. If there’s a dispute between buyer and seller, the network will select a random group of people for their opinion. You evaluate the case and claims, and then you can choose whether the buyer is right, or the seller. When you chose the same answer as the majority of the other people from the selected group, the dispute will be settled in the favour of the buyer or seller depending on who the majority chose as right, and you’ll be rewarded in CMT. If you chose what the minority choose, you won’t get any CMT. This way, Cybermiles makes sure that you will put in some effort to review the case as you won’t want to miss out those basically free tokens! (Whitepaper page 9 and 10)

The next thing you can do with the tokens is creating a user-generated & user-curated 5miles group. These groups focus on same interest in things. This means you can create a group that’s all about Fender guitars, let’s say the ‘Fender-Benders’. To create this group, you need to pay a certain amount of CMT. People who want to sign up for this group need to pay membership dues and if you want to promote your own badass Fender guitar you need to pay some CMT to. Seems like a lot of paying! This however is a good thing, as tokens will be in circulation and in demand, raising the value of CMT.

Businesses also have a couple of benefits using CMT. They can give out promotions and coupons that are only payable with CMT and they are eligible to promote their products if they pay CMT tokens to people who are willing to promote the company’s product, as there will be people who have followers and significant social media presence. This can even be done within a certain radius to reach out to people who are closest to the stores and thus are the most appealing customers.

The best thing is yet to come, because there will be something called ‘5miles Experiences’. This is essentially a review page for every buyer and seller. Buyers can post pictures about the product they purchased and tell others how happy or angry they are with their product and the interaction with the buyer. The better the reviews are, the more chance you have for successful sales in the future!

Why should you join Cybermiles?

Cybermiles has a purpose for both buyers and sellers in which they encourage that goods and products can be bought and sold with so much certainty. This is an eye opener which helps to invent and develop new ways in which a credible market system may be established. There is so much confidence participating in this because it is as credible as getting from Amazon or Walmart. Cybermiles being based on business transactions, contracts and commercial applications makes the credible system rise tremendously within a short range of time. Cybermiles are being used for various commercial applications such as turnkey solutions for the building of trading platforms i.e. c2c, an alternative mode of payment being structured & providing financial answers to e-commerce, a decentralized local business platform.

Cybermiles has its own mode of payment i.e. currency just like the way Ethereum has ETH, Cybermiles has CMT that controls the whole networking system. It is a high liquid currency that is widely acceptable in many applications and can be mined easily to users. These are the 2 things to be noted about the CMT (i. powers the system, ii. Liquid and acceptable). Cybermiles has 2 main differences when compared with all other existing cryptocurrencies. These differences are;

Highly experienced team in the area of e-commerce with over 12 years of working experience that participates in the developing and execution of answers for commercial applications.
Due to tremendous growth and development, there is likely to be early acceptance of Cybermiles due to amazing records set (over 12 million users) since the year of launch.

Contain features such as;

There is a “master bonus/token” usable for e-commerce which ensures that other e-commerce platforms can run on the blockchain system
They have a secure, transparent and secure system which makes sure that fraudulent practices can be exposed and all other necessary information are secured
Ensure safe and secure transactions take place with CMT as a currency or mode of payment. CMT is easily accessible and acceptable due to its liquidity (high).
It has a collection or archive of commerce-related transactions.
It is useful so that all other e-commerce site can be found on one site easily.
It establishes an alternative credit system which promotes small-scale businesses and personal lending.
It brings into existence a real, virtual market where goods and services can be met.

Why do we call the CyberMiles Token (CMT) the “master token” for e-commerce?

CyberMiles is a next generation blockchain for smart contracts. Its Smart Business Contract is designed to be far more powerful than Ethereum Smart Contracts. It will be the next generation Ethereum (ETH).

CyberMiles is optimized for e-commerce applications. It will provide a large library of commerce-related Smart Business Contracts, making it a breeze to build decentralized commerce applications.

CyberMiles partner 5miles will migrate over 12 million US-based e-commerce users to the CyberMiles blockchain. CyberMiles network will manage user identity, record credit history, reputation, and facilitate financial transactions. It does all without a central data store or clearing house, and hence ensuring privacy and safety. The user data is why other e-commerce applications will be built on CyberMiles.

Similar to ETH on Ethereum, applications built on CyberMiles could use CMT to issue their own ICO.

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