CyberMiles — the Ethereum of eCommerce & Online Marketplaces with a HUGE Head Start

  • The difference between protocols and apps
  • Introduction to CyberMiles
  • How CyberMiles is different
  • The team
  • Token specs & ICO
  • Conclusion

The difference between PROTOCOLS and APPS

As an investor in the crypto world you mainly get to choose between two things: Protocols and applications.
Protocols (like Bitcoin, Ethereum, NEO, etc.) let you develop apps (like Electroneum and Steemit) on top of them.

CyberMiles, Next-Gen eCommerce

Right, that’s all fine and dandy, but how exactly is CyberMiles different?

  1. They are not designed for e-commerce.
  2. They have not solved the latency issues needed for higher volumes of transactions.
  3. Smart-contracts today are too primitive for use in an e-commerce environment.
  1. Support a large library if commerce-related smart-contracts built specifically for business and e-commerce.
  2. Manage user identity and transaction data in a safe manner while enabling new transactions and settlements amongst the users of the network.
  3. Utilize delegated Proof-of-Stake to support 10,000+ transactions per second — a major obstacle for existing blockchains today.

The CyberMiles Team

The team consists of 9 members accompanied by 4 advisors.
Alltogether, CyberMiles’ team members bring, on average, 12 years of experience in marketplaces and e-commerce to the table.

  • Dr. Lucas Lu, Founder & CEO
    Lucas is co-founder and previous CTO of Light In The Box, was the first General Manager of Alibaba’s Taobao Mobile platform, and has a PhD in Particle Physics from 2005.
    He brings decades of experience to the team and seems like the right guy to lead a project as big as this.
  • Alex Lau, Director of the CyberMiles Foundation
    Alex was Research & Development Manager at SUSE Linux in Beijing and CTO of Symbio Mobile, a mobile software development company with over 400 clients.
    He has a lot of experience covering a wide variety of jobs and seems more than suited to help CyberMiles get to where it needs to be.
  • Garwin Chan, CFO of 5miles
    Garwin is a Harvard graduate and was previously the Managing Director at Founder H Fund and Vice Precident at Bain Capital, a global leading investment firm.
  • Trey Troxel, Product Strategist
    Trey is responsible for commercializing the 5miles technology within the automotive industry.
    He was previously the Sales and Marketing Director at Randall Noe Auto Group and senior executive at several top automotive software platforms, including, PureCars, and vAuto.
    Cars are a big market in peer-to-peer marketplaces so it’s good to see that they have Trey to cover this aspect also.
  • Rick Cantu, General Manager
    Rick is currently the General Manager of 5miles.
    He has over 20 years of professional experience in technology, media, and telecommunications, and he was even a senior advisor at Morgan Stanley.

Token Specifications & ICO

  • Running nodes to help secure the network.
  • Facilitating and validating transactions between buyers and sellers.
  • Executing smart-contracts.
  • Peer-to-peer customer support/dispute resolution (awarded when a soluton is found).
  • Buying ad space on the applications built ontop of the CyberMiles blockchain
  • Running promotional campaigns on the blockchain

Is it worth investing in?

I cannot give you financial advice, of course. But I can tell you that money have been made on much smaller ideas with far worse tech, so in my opinion CyberMiles is a solid bet, especially long-term.

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