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.
5Miles LLC established.
5miles receives $5 million (USD) Series A investment from SIG.
Testing of the 5miles app begins.
The 5miles app launches in the US.
5miles receives $17 million (USD) Series B investment, led by IDG and Morningside.
5miles introduces user-verification and fraud-detection technology, further strengthening it's innovative marketplace safety features.
5miles’ gross merchandise value reaches $100 million; receives $30 million (USD) Series B-1 investment, led by Blue Lake and Puhua.
5miles surpasses 11 million users, becoming a top 10 shopping app in the US (data from Similar Web); begins exploring blockchain initiative.
5miles receives $10 million (USD) follow-on funding from existing investors (pending closing).
5xlab formally launched, focusing on CyberMiles blockchain program; developing CyberMiles v0.1.
5xlab to explore the issuance of CyberMiles tokens (CMT).
5miles app to begin accepting CMT to facilitate marketplace transactions.
5xlab to launch v1.0 of CyberMiles’ version.
CM modules to be available for use on other platforms to facilitate further adoption.
from 11/13/18 to 11/13/18
from 11/21/17 to 12/21/17
Hard Cap: 700,000,000 CMT
Token Symbol: cmt
Total Supply of Tokens: 1,000,000,000
Tokens Available for Sale: 70%
Registered Company: United States