CyberMiles is the blockchain technology 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.
CyberMiles Token is a new cryptocurrency developed by 5xlab and based on the CyberMiles blockchain. CMT is the currency to power the smart contract modules on CyberMiles. CMT is developed to be a highly liquid currency and compatible with many applications, and can also be mined to incentivize participants in the ecosystem.