CyberMiles : The next generation Blockchain

CyberMiles is buiding the Next-Generation Blockchain platform.

The Company is holding a crowdsale between 21st November 2017 and 5th December 2017. In this article, I will provide a short overview of CyberMiles, It's platform & their upcoming ICO

What exactly is CyberMiles Token?

CyberMiles Token can simply be defined as the next generation Blockchain. It can be used for smart contracts in an effective manner. People who create smart business contracts with other available blockchains such as Ethereum can think about using CyberMiles Token to give life to powerful contracts. One of the most unique features of CyberMiles Token is that it has been optimized for ecommerce applications. In other words, you will be able to find a massive library, which contains smart business contracts related to ecommerce.

CyberMiles Tokens are in a position to offer support for thousands of transactions per second. This is done with the assistance of a unique Proof of Stake consensus engine.

This makes CyberMiles Token an excellent alternative for Ethereum. Another unique feature that can be found in CyberMiles Token is that it has the ability to encourage effective participation. When the network is developing on a daily basis, new tokens will be minted.

What are the uses associated with CyberMiles Token?

CyberMiles Token has specifically been optimized for ecommerce applications. Due to this reason, all the uses of the Blockchain are centered on ecommerce applications. CyberMiles Token can effectively be used as a utility token, which goes way beyond the traditional utility tokens. Hence, you will be able to compare it with some of the most popular tokens available out there in the world as well.

Best entity that you can compare CyberMiles Token with is Ethereum. The functionality offered by CyberMiles Token is pretty much similar to Ethereum. However, you will be able to receive few additional benefits as well. Just like Ethereum, CyberMiles Token would also reward validators for executing smart contracts and creating new blocks. On the other hand, CyberMiles Token would use decentralized transaction settlements in a similar way to the Ripple Network.

What makes CyberMiles stand out from Ethereum?

Instead of building dapps from scratch on Ethereum, CyberMiles own “smart business contracts” will offer a variety of software tools integrated in its blockchain, making it much easier for developers to build their applications.

The use of a highly efficient DPoS consensus engine will make CyberMiles more decentralized and scalable than Ethereum, with a capacity of over 10,000 transactions per second.

In a similar way to how Ethereum allows developers to create a currency to fuel their own ecosystem, the CyberMiles token will fund the community for providing services for each other and maintaining the tasks executed on the network.

The CyberMilesFoundation is basically creating “Ethereum 2.0”.

But how will this work in practice for its users?

Let’s take a closer look at how CyberMiles will operate in a marketplace.

Privacy

Imagine if you could have a decentralized wallet for personal information like identification documents and bank information, where its protected with your private key. The user could then authorize applications on the CyberMiles network to utilize this information for KYC-validations, financial transactions, peer-to-peer business loans, etc. This could be a highly secure and standardized method of storing sensivite information.

Stability

Decentralization creates a more stable network, removing the risk of data center failure with a high availability of network nodes. With CyberMiles, a strong community of consumers and business owners can provide the computing power needed to keep the network running 24/7.
This kind of stability can’t be offered by todays centralized marketplaces.

CyberMiles ICO Information:

CyberMiles is hosting an Initial Coin Offering (ICO) where CyberMiles tokens "CMT" will be offered for sale to early investors. The funds raised during CyberMiles ICO will be used to fund further development of the CyberMiles Blockchain Protocol.

The CyberMiles ICO will start on 21st November 2017 and end on 5th December 2017 or until the maximum funding cap of 100,000 ETH is reached.

70% of CyberMiles initial supply will be offered for sale to investors according the the following price:

1 ETH = 7000 CMT

Funds raised during CyberMiles ICO will be allocated according to the following schedule:

45% — 5Miles Expansion

25% — CyberMiles Development

10% — Working Capital

10% — Marketing

5% — Partners & Advisors

5% — Establishment Costs

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