Going the Extra Mile (July 2018)
Welcome to the CyberMiles Foundation’s monthly newsletter #7
July 2, 2018
Greetings, CyberMilers! The CyberMiles team continues to make progress, partnering with new online marketplaces while getting listed on exchanges around the world. Read on for details, along with other news in blockchain and cryptocurrency.
Announcements
CyberMiles Partners with LightInTheBox to Launch a Cryptocurrency Rebate Promotional Campaign
LightInTheBox (NYSE: LITB), which delivers products to tens of millions consumers in 200 countries and territories around the world, is teaming up with Cybermiles. Using the CyberMiles Token (CMT), consumers in select countries who purchase products from LightInTheBox websites and apps, during the promotional period, will receive rebates as high as 100 percent of the order value in the form of Ethereum (ETH).
LightInTheBox.com has started accepting CMT as a form payment on July 1, 2018. Shoppers can now use the cryptocurrency to purchase any of the million items for sale on the site.
Pre-Sale of the CMT Cube Sells Out
The CMT Cube pre-sale, which first was initiated on May 30, so far has been a roaring success. In fact, the first batch of 10,000 units sold out in just 40 minutes!
Cube buyers are able to be the first to get block awards thanks to their staked CMTs. Learn more at cybermiles.io/cmt-cube.
CyberMiles’ Founder Nominated for Entrepreneur of the Year
On June 23, CyberMiles’ own Dr. Lucas Lu was honored as an EOY finalist in the Emerging Technology and Services category. Profiled in D CEO Magazine, Dr. Lu talked about his success with the 5miles mobile marketplace and vision for the CyberMiles blockchain. Read more about the event on 5miles’ blog.
In the News
Can CyberMiles Tackle E-Commerce Giants like Amazon and Alibaba?
E-commerce giants have yet to be really threatened by blockchain start-ups, mainly because the crypto industry still is in its infancy. However, rapid steps toward disruption have been taken in the last few years, enough to make companies like Amazon take note. Read more on stocksgazette.com.
LightInTheBox Accepting CMT as Payment Method
As of July 1, lightinthebox.com is accepting CMT as a payment method for more than a million products for sale on the site. Additionally, LITB is providing strategic support to CyberMiles’ Blocktonic.io supply chain and e-commerce technology. Learn more on chinamoneynetwork.com.
The Crypto Countdown
- Adidas has alerted millions of its customers about a possible data breach. (Source: Axiom)
- Alibaba is seeking to eliminate middlemen in blockchain payments patent. (Source: Coindesk)
- The Bahamas is said to introduce a central bank-backed cryptocurrency, aiming to digitize the country’s government and financial services. (Source: Blokt)
- Blockchain technology seems poised to take the Hollywood film industry “to infinity and beyond.” (Source: Forbes)
- Malta has passed favorable cryptocurrency laws, a next step in the nation’s “blockchain island” plan. (Source: Bitcoin Magazine)
- Microsoft and Ernst & Young are rolling out blockchain technology for Xbox, with further expansion planned for Bing, MSN. (Source: Adweek)
- Silicon Valley maverick explains the tokenization of venture capital and the role of cryptocurrency. (Source: Forbes)
- The so-called Bitcoin “bloodbath” nears the level of the dot-com bust, while many tokens go to zero. (Source: Bloomberg)
- Some cryptocurrency investors are giving up on Bitcoin — and cashing out of Coinbase — altogether. (Source: Fortune)
- Thousands of cryptocurrency projects, meanwhile, are already dead. (Source: TechCrunch)
Thanks for reading along, CyberMilers! Please help us by spreading the word. — Shabnam, Community Manager
Shabnam, a CyberMiles blogger and a content writer & creator at 5miles, is a voice of the Millennial generation and new technology.
To learn more about CyberMiles, visit cybermiles.io. To follow or join CyberMiles’ online communities, go to:
Also, find CMT on the following exchanges and platforms:
