Project Safety Score

Tue, Feb 20, 2024 7:00 PM

	Market Cap	$1,303,317.22
	Market Dominance	0.0001
	24hr Volume	$--
	Price	$0.00163

24%

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Name

CyberMiles

Type

coin

Technology

2^ndgen blockchain

CyberMiles is a new blockchain platform designed to facilitate fast e-commerce transactions. It’s a project from 5miles, a leading e-commerce company and app in the United States. With CyberMiles, 5miles hopes to create the protocols and a library of smart contracts for the future of e-commerce. It accomplishes these goals with high throughput delegated proof of stake consensus and a new virtual machine, similar to the Ethereum Virtual Machine. Last November, CyberMiles raised $30 million in an ICO, distributing 420 million CMT. The roadmap for the project indicates that the 5miles e-commerce app, along with its 12 million users, will begin accepting CMT as payment beginning this summer. At the end of this year, CyberMiles hopes to launch the v1.0 of its blockchain. CyberMiles is banking a lot of its potential success on the fact that it will launch to 5miles’s user base. 5 miles is one of the top 10 most popular e-commerce apps in the United States. It has 12 million total users and does an estimated $3 billion in revenue annually. If 5miles can get even a small portion of that $3 billion to transact in CMT, then it could be a huge boon for the token and the idea of blockchain e-commerce. Launching a platform at this scale comes with its own challenges and excitement. If the 5miles app successfully transitions to a blockchain-based backend, then it would be one of the largest enterprise applications of blockchain to date.

1/5

(1 review)

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Io 3 years ago

They have a scamming attitude. They made a scam though a eCommerce website create appositely. They sold their basically useless "mining machine" (it works as a wallet but only for their almost worthless coin) called CMT Cube, at the time for a value of 100$ with the equivalent 100% ETH rebate to be completed in a year time. Unfortunately shortly after the period passed, without any notification rather than the one on the website, they close the website and declared that all the funds in it will be considered abandoned. Basically they manage to sell an expensive (i was in the first buy, the second was sold for 300$ each!!!) useless piece of garbage with the promise to have it for free in a year time, and then disappear with the money.
They make you think the coin will be implemented in the 5miles eCommerce platform as a major payment option (if not the only) while this never really happened. The value of the coin has fallen of more than 90% on the market, and even if the team is still active it can be easily placed in the heaps of the rubbish coins that will never be back.

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1/5

(1 review)

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CyberMiles News

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CyberMiles Profile (CMT)