CyberMiles ("CM") is the blockchain technology being developed by 5xlab, a blockchain development laboratory. 5xlab is working closely with 5miles, a leading c2c marketplace operator with more than 12 million users in the US. 5miles is expected to be the first platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology. Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the necessary technical and commercial know-how to tailor blockchain technology & smart-contracts for real-world applications. 5xlab seeks to use this expertise to develop CyberMiles, with focus on trust and compliance. This will enable it to be a mainstream blockchain technology for real-world businesses.
STO/ICO Status
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Basics
| Platform | N/A |
|---|---|
| Type | N/A |
| Accepting | ETH |
| Circulating Supply | 70% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
Platform Advantages
5miles comprises of team members with extensive experience from leading internet companies, e-commerce platforms, and financial services companies from 5 different countries. For the past three years, the team has applied their expertise to build a successful marketplace, which has become one of the leading shopping apps in the US, generating over USD 3 billion of annual transaction value.
From 1 to 100
Compared to most blockchain projects, 5xlab already has a solid foundation, with 3 years of track record and 12 million users for its initial blockchain applications. Validated by approximately USD 62 million of funding from top VCs, and strengthened by its blockchain research over the past half-year, 5miles’ blockchain initiative has already gone from “0” to “1”. With 5xlab and the development of CyberMiles, we can realize our potential and go from “1” to “100” in our ability to disrupt real-world business practices with innovation.
Clear Commercial Applications
With 5miles, we have a clear and readily available ecosystem for us to apply our smart-contract modules to real marketplace needs. With more than 10 million users and millions of commercial transactions, 5miles provides CyberMiles & its smart-contract modules with a mature ecosystem to quickly develop and scale up its marketplace applications. In contrast, most other blockchain projects first develop the technology, and then search for applications, which is inefficient and highly uncertain.
