Nov 22 2017
If you are interested in taking part in the revolutionary generation of cryptocurrencies and blockchain technologies, then you have to join a CyberMiles token contribution event that will be held in November until December 2017.
CyberMiles is a block-chain application developed by 5xlab. The goal of CyberMiles is to revolutionize how the marketplaces and commerce work. This blockchain application works closely with 5miles, a C2C marketplace well-known in the United States and has 12 million users. And 5smiles will be using CyberMiles as its bases. This program ensures that the market is will never go offline and therefore could facilitate a lot more efficient transactions between network members.
Knowing More About CyberMiles ICO
Initial Coin Offering or also called Token or Crowd sale. This coin has a role as the ownership symbol or sign to an enterprise. It makes this ICO can be sold to another project or company. The ICO that used in the CyberMiles technologies is called CyberMiles Token or CMT, developed by 5xlab.
CyberMiles coin or token has two functions on the CyberMiles blockchain infrastructure. CMT is not intended under any jurisdiction security or regulation. And it is natively used on CyberMiles and its partner platforms. It is used to facilitate the transactions occurs in the network, and as a compensation or ‘fee’ for all of the community members that provide services.
As a CyberMiles Token, CMT function is to facilitate the transaction, CMT can be used as a settlement currency, and assist both repayment or loans on the network. This decentralizes deal provide transparency yet privacy and fund safety. Conversion of CMT to fiat for balance, only allowed at the end of the day. This cases will reduce transaction cost and fiction.
Meanwhile, the CMT function as a fee will be achieved when one of the network community members providing services. To gain the CMT, the members can do both becoming a validator (to record and validate) for some of the transaction occurring on the network, or to provide services to their peers.
The necessities of using a CMT are because to build a new Blockchain technologies you cannot use BTC or ETH for the native function on the CyberMiles. Compared to the existing popular cryptocurrencies or token that exist, CMT has its specialties and unique features. For instance, on the Ripple network it consists of big financial institutions, and when the transactions occur, it will burn some amount of XRP. While on the CyberMiles, it consists of a small business served by a public blockchain, and it would collect a CMT as a fee for the validators that contribute to the transactions.
Ethereum and ETH, on the other hand, would reward the validators like on CyberMiles. But, it is not inconvenient to run a complicated smart business contract, while CyberMiles and CMT provide a specialized e-commerce system with a high performance and scalable for running a complicated business contract.
CyberMiles Token Sale
The CyberMiles token sale is held from October until December. The total token sale is 700.000.000 CMT. The CyberMiles token sale divided into two events, the early contribution phase which held on October sold 250.000.000 CMT. And the CyberMiles token contribution event that will start on November. And unless it is earlier reaching the cap, the event will end on December, 5th 2017.
Everybody can buy the CyberMiles token. But due to the regulatory issue, The people that are coming from a U.S. Office of Foreign Assets Control jurisdictions, United States, Republic of China and New Zealand can’t join the token sale.
To purchase a CMT during the sale. The participant has to buy a CMT token using only a BTC on the pre-sale or early contribution phase. And only an ETH during the contribution event. At the end of the token sale, that will be 1.000.000.000 CMT supply. This amount will increase annually by 8%, but the amount of CMT would never be more than 10.000.000 CMT (ten billion CMT).
Price of the CyberMiles coin for 1 ETH is 7000 CMT. The minimum amounts to purchase CMT are 0,2 ETH and 20 BTC. Purchases lower than the minimum number will result in the loss of funds or failed transactions. The participant allowed to make multiple purchases as long as the terms and conditions fulfilled.
Purchasing CMT during the CyberMiles contribution event make you have to use the ETH wallet such as MyEtherWallet, Parity, Mist, imToken for Android, and imToken for iPhone. And for the BTC wallet, you can use Bither for Android, BTC.com, and Bither. You cannot have more than one ETH Wallet, the ETH address you use during the registration process is only one ETH wallet you can use. The token distributed into your ETH wallet you use in the registration processes. You will receive the token no longer than 30 days after the sale.
CyberMiles token must be saved at Ethereum wallet that supports ERC20 such as Mist or MyEtherWallet. This arrangement due to it issuing on ERC20 smart contract for the time being. And not to worry if you forget the password to your wallet, you will not lose your CyberMiles tokens and by using the “Forgot Password,” you can recover your password.
A Reasons why You have To Invest in The CyberMiles Token Contribution Event
As the CyberMiles token contributions event coming closer, you may be wondering about why you should become the participant in this event. With the failing of most of the new ICO, maybe you would be asking, do CyberMiles worth your investment?
It is always a worry to you as an investor, if the project you will be investing doesn’t bring a reasonable profit. There will be some key question that has to be answered by a’Yes’ to start taking interest to invest in that project. The question that will be asked is what is the product ?. Do it has a market ?. Who are the people behind the project ?. are the team worked in the project good installed ?. Do they have an experience in both managing the current project or the one before ?. And the last is do the project attract a lot of investment while developing.
Fortunately, CyberMiles answer would be a straight ‘Yes’ to you.
CyberMiles is an excellent product and project that provided a real-world marketplace, including sell and buy marketplaces, online auction and e-commerce. CyberMiles will be a place where goods and services met.
CyberMiles will be used as a bases platform for the famous 5smiles. This consumer to consumer or C2C marketplace that operate more than and facilitate more than 12 million users and millions of transactions per year. 5smiles will gradually move its users to use CyberMiles blockchain program. So it is a yes, that CyberMiles have a good market.
There is someone intelligent and hard worker contributing to this CyberMiles project. Especially the CEO, Dr. Lucas Lu who received his Ph.D. degree from SMU in Partical Physics in 2005 and worked at CERN when he does his research on Higgs Partical. He has become the first GM of Alibaba’s Taobao Mobile platform and a co-founder / CTO of Light In The Box.
The team worked in this Blockchain platforms has an average experience in market platforms for more than 12 years. SO the teams already have high-flying hours in e-commerce and marketplace. This allowed CyberMiles to work more efficiently and develop a better solution for commercial applications. Other than that, 5smiles which is will be using CyberMiles as its bases platform bring out its very significant development in just three years. CyberMiles also receive funding from top VC firms over $62 MN.
What you have to do to Participate in The CyberMiles Token Contribution Event?
- You can do a registration process using your email address at https://cm.5miles.com/ and provide information needed such as your ETH wallet address. Other than that, you will have to give some personal information including name, Email address, Address, Passport number, the scan of passport photo page, self-portrait,
- You can log in to your account when you already pass the Know Your Customer process. Then you have to read and accept the term and conditions of the token contributions. This processes may take no longer than three days to know your qualifications as a CyberMiles memberships and participants.
- To deposit your token payment, you will receive a unique digital address.
- Payment for the early contributions participant must be completed before the start of the CyberMiles token Contribution event.
- If your registration and purchase were successful, Your 5miles account would provide you an information of how much CMT amount you purchased, and other pieces of information.
- If you made a mistake during the registration processes, you can check the FAQ at 5smiles.com and send an email to 5smiles contact
The Special Feature of CyberMiles
- Cybermiles were offering a better smart contract that solving a significant problem occurs on Bitcoin and Ethereum.
- It is also supporting and doing a better job to form a smart business contract, Business ready contract templates, Middleware stack and Decentralized apps.
- CyberMiles can support ten thousand transactions per second with generation times less than 10 seconds. It also has 12 critical commercial applications protocol to cover more than 300 transactions types for e-commerce and online marketplace. Meanwhile, the Ethereum system processes take a longer time than that. To know more about the difference and advantages of Cybermiles, you can go to this website: https://cm.5miles.com/file/project/Project%20white%20paper_en-US.pdf
- Designed to be an efficient blockchain features and scalable for a more elaborate smart contract for e-commerce and online marketplace.
- It is supported other ecosystem partners with an openly shared management in CyberMiles Blockchain network, and it will make everything related with ecosystem membership easily explore and discover in value
- Providing a sustainability for the membership to develop, enhance and deliver the services while attracting another user.
- CyberMiles will cater various applications such as small business loan marketplace, supply chain e-commerce ecosystem, sales transactions, an ICO provider for e-commerce, and decentralized management platform.
- Using the CyberMiles Token or CMT as a native ICO used in CyberMiles platform.
- Provide CMT as a fee for the memberships that becomes a validator and facilitators on the transactions occurs in the Blockchain platform.
- Token used to ensure another e-commerce platform to run on the blockchain system
- Currency and mode of payment using CMT coin to secure and save the transaction. CMT also provide a high accessibility due to its liquidity
- Used by more than 12 million people, CyberMiles token will become the most used Cryptocurrency around the world.
- CyberMiles have a transparent yet secure system that makes sure every fraudulent practice exposed to all of the member but all of the other necessary information saved.
- CyberMiles can promote small landing or smallscale businesses through its alternative and established credit system.
- Its partnership with 5smiles makes the CyberMiles open marketplaces where a member can serve both as a supervisor, validator and also a consumer.
- Developed by 5xlab which had three years of close work and relations makes CyberMiles a well develop and a trusted project that will attract a lot of users and also an investor.
Gain Benefits by Joining CyberMiles in Cybermiles Token Contribution event
If you carefully watch attentions at a cryptocurrency development. Then you already know that at the Ethereum as a blockchain network platform in its 18 months period of times, Ethereum price of ETH increased up to $300. The value of the cryptocurrency was increasing when its utility was rising. CyberMiles as the next generation of ETH surely would do just like its ancestor, Ethereum, and Bitcoin.
So to wrap it up, it is worth to invest your money in the CyberMiles token contribution events. Considering the trend of the E-commerce and Online marketplace trend which is a Blockchain technology, by 2027, there will be a lot more business migrated or change its platform to Blockchain ecosystem. Cryptocurrencies will become a high demand and valuable item nowadays and add to its prospect the increasing demand for CMT will increase the price and its value.
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Posted by : kurniawan05