Hello friends. Let's talk today about e-commerce?
What do you know about this industry? I personally know that this is a large market, measured in hundreds of millions of dollars. If the traditional business has already been formed, let's say - conglomerates that hold the lion’s share of the market, then there are no such big players in the blockchain world. But competition is growing. At the moment there are a fairly large number of projects that are introducing blockchain into this market, such as INS, Storiqa, Connectius, CyberMiles, etc. But for now, I consider the project CyberMiles to be one of the strongest projects in this direction.
I think each of you have ever used online stores for shopping, buying something at Avito, Yulia. About shopping on AliExpress, I generally keep quiet. What is the biggest pain for us as for buyers when shopping on the Internet. Of course, this is trust. It is worth trusting this seller (store) or not. Yes, there are a lot of reviews on which you can understand something about the seller, but unfortunately they are often bought, AliExpress protects you from fraudsters, but there are also incidents, and the goods come in of incomprehensible quality, although in reviews sometimes everyone writes that everything is fine . This is pain, it is really pain buyers. What can solve this pain? That's right, blockchain ... of course, if you apply it correctly and wisely.
This is where the CyberMiles platform will work on.
The mission of CyberMiles is to create a decentralized e-commerce ecosystem. Most of this work is the development and implementation of an economic system. The network must be able to attract different groups of participants to share resources in order to truly achieve a network effect. The core design of CyberMiles is the economic incentives provided by the CyberMiles token (SMT).
The CyberMiles project itself was built on the already working 5miles LLC site (5miles). This is the company that conducted ICO CyberMiles. 5miles is one of the largest e-commerce sites in the United States established in 2014.
The 5miles application has already been downloaded more than 10 million times, it is in the top 15 applications, and the total turnover of the company amounts to billions of US dollars. This indicates a high level of business.
The project team is originally from China and consists of people who understand the market well, have extensive experience in building a business and a vision of where and how the project will develop. This undoubtedly pleases and gives greater confidence in the project.
CyberMiles for its platform released a CMT token based on Ethereum of the ERC-20 standard, but initially the project positioned itself as something new, so the transition to its blockchain is planned, and the team claims that transactions will be incredibly fast at a minimal cost, several times lower than the cost of transactions in the network Ethereum. We'll see...
The project is going to work in such areas as:
- Personal data management
- P2P Market - Lending
- Logistics
- Will solve the problems of poor quality goods and fakes
The project is very interesting and ambitious. That is why he managed to raise at the ICO stage investments in the amount of more than 30 million dollars invested by the largest companies SIG, IDG, Morningside and Blue Lake. This is a big indicator, big players trust the team and believe in the project. Most importantly, they studied it in detail, which means it is worth grasping. I like it when a business already running creates a blockchain project on its base. First of all, this is a reputation, it is transferred to a new project from an already operating business, if it is good, then investors will have a corresponding interest. Secondly, this is the understanding and experience of doing business - on average, each developer has 12 years of successful experience in leading trading platforms.
Now CyberMiles is trading on one of the most top exchanges such as Binance, Okex, Huobi etc.
I certainly think that the project should pay close attention and consider it more deeply. Now that the market is in dump. There is an opportunity to purchase project tokens, currently it is trading at 0.08 cents. For this project with such a scale is a penny, I think that the price will increase. A project to follow your roadmap. This is my vision of further developments, as time will in fact show. All official sources of information about the project, I will leave below, you can get acquainted with the project in more detail.
I have it all. Take a closer look at him. I think it will be something very interesting. But at the same time, do not forget to invest time in the study of those projects in which you want to invest your money. This is all at your own risk. You must be aware that all the risks you assume. All profit!
For more information, please see the link that I made below:
Website: http://www.cybermiles.io
ANN Thread: https://bitcointalk.org/index.php?topic=2344875
Whitepaper: http://www.cybermiles.io//wp-content/uploads/2018/03/Project-white-paper_en-US.pdf
App Download Link: https://play.google.com/store/apps/details?id=io.cybermiles.cmtwallet
Twitter: https://twitter.com/cybermiles
Facebook: https://www.facebook.com/cybermiles
Telegram: https://t.me/cybermilestoken
@LutfiMuhammad