What is CyberMiles? CyberMiles (CMT) is a Blockchain platform designed to make E-commerce transactions fast and easy. cryptocoin.com In this article, we have answered frequently asked questions such as what CyberMiles is, what it offers, what is CMT, what it does, and how to get it. Let’s examine this E-commerce focused project that emerged in 2018 together.
What is CyberMiles?
Launched in 2018, CyberMiles is a Blockchain platform that aims to revolutionize E-commerce. It is a project of 5miles, a leading E-commerce company and app in the United States. The project is designed to speed up and facilitate transactions in the field of e-commerce. With CyberMiles, 5miles aims to build a library of protocols and smart contracts for the future of E-commerce. It attempts to achieve these goals in ways similar to the Ethereum Virtual Machine (EVM).
CyberMiles has a highly efficient delegated PoS model and a new virtual machine. The project offers a Blockchain alternative to E-commerce giants like Amazon. Thus, it aims to decentralize the industry. The system is promoted by the actively traded CMT token. Smart contract support, on the other hand, sets the platform apart from other markets. Blockchain hopes to empower smart business contracts on its platform.
What does CyberMiles offer?
Developers can develop their own proprietary cryptocurrencies to connect with the CyberMiles network. Interoperability features such as loyalty points can be seamlessly integrated. However, the project proposes a few interesting use cases. It is possible to issue digital coupons to users within a fixed geographical area on the e-commerce platform.
In addition, disputes between sellers and buyers can be submitted to service pool arbitrators. The dApp system supports the creation of custom groups to cater to a particular product, for example classic cars.
What is CMT? What does it do?
CMT is the native cryptocurrency of CyberMiles E-commerce platform. It is built on the Ethereum Blockchain with the ERC-20 smart contract. Within the extremely fast running platform, CMT has many use cases from smart contracts to payments. Within 5Miles, which has over 12 million users, users can pay with CMT.
However, CMT uses the Proof-of-Stake consensus mechanism. So it is a staking cryptocurrency. This means that token holders are rewarded for locking their holdings with a certain maturity.
What is CyberMiles? How to take CMT?
Users who want to buy CyberMiles can access cryptocurrency exchanges such as OKX, DigiFinex, Huobi Global, and CoinEx. Accordingly, the above exchanges list the token. Interested investors are required to become a member of one of the exchanges and deposit an asset in their wallets according to CMT parities. After that, investors can access the relevant trading pair and place a buy order for the cryptocurrency.
