CyberMiles Community Update (mid-May 2019)
An update on 5miles data migration, a warning to beware of scams, a message to CMT holders, and more
1. 5miles’ data migration now complete
As previously reported, data migrated to CyberMiles’ public blockchain from 5miles now can be viewed via a “DApp” in our CMT Wallet. This DApp lists, for those unfamiliar, 10 significant milestone listings during 5miles’ history.
As noted by our CyberMiles community, this is a significant development —the realization of an important use case scenario: an e-commerce marketplace whose data now can be accessed easily and viewed today on the blockchain.
Check out 5miles’ 10 milestone listings today at d5.5mileslab.org.
2. CyberMiles’ new bounty program
As 5miles’ data migration is such a significant step toward blockchain-empowered e-commerce, we’re celebrating with a new bounty program (till May 21). CyberMiles aims to create a decentralized autonomous organization (DAO), a fully-decentralized peer-to-peer marketplace.
In addition to this limited-time opportunity, CyberMiles is looking forward to a special prize for 5miles users as well. Visit 5miles.com to learn more.
3. A message to CyberMiles Token (CMT) holders
The CyberMiles Foundation recently made an important announcement about vested CMT.
200 million vested CMT have been allocated, as stated in our white paper, with 10 percent of foundation-owned CMT to be released on a quarterly basis— to our team and partners, as well as to 5miles.
Nearly 20 million CMT will be released today, part of the standardized process that is designed for better transparency. Stay tuned to our website, Twitter and Facebook for future announcements. (For reference, the foundation’s CMT address is 0x1a14Ec3003C943a0624C7c513D502559c8b1b041.)
4. Beware of fake CyberMiles and other scams
A warning to our community: Beware of a CMT card scam that has been promoted via Twitter. CyberMiles neither is affiliated with the organization nor participating in its card promotion.
Dr. Lucas Lu, CyberMiles’ co-founder, also tweeted about an online scammer who was using his name and likeness (i.e. a stolen profile photo) to ask people for Bitcoin. Neither Dr. Lu nor the CyberMiles team would ask our community for any money or cryptocurrency under any circumstances.
Be mindful of scams that target our community, and please contact us with any questions or concerns.
5. ICYMI: ‘Ask Me Anything’ (Q2 2019)
For those who missed this month’s AMA with Drs. Lucas Lu and Michael Yuan, CyberMiles’ co-founders, we’ve published the Q&A on our blog, as well as via Twitter.
- Considering that products need to have a stable price for buyers to measure the exact value, does CyberMiles have a solution to stabilize prices for products sold despite CMT’s fluctuating price?
- Does the advantage of CyberMiles beat the inherent advantages of traditional players like eBay or Amazon?
- Envisioning a future of asset digitalization, when do you think there will be massive development on this?
- Have you a vision of future cooperation between crypto (i.e. CMT) and fiat money?
- Is it easy to build “DApps” on Cybermiles’ blockchain, and what background knowledge do I need?
- What are CyberMiles’ next steps for reaching new markets?
- What are CyberMiles’ next targets regarding adoption?
- When will mining be enabled on the CMT Wallet?
- Will the community get a simple calculator for staked CMT?
