Bullshit Detector: What’s Happening with CyberMiles after ICO?

What is CyberMiles: blockchain for smart contracts.
CyberMiles platform provides customized smart contract templates for e-commerce companies enabling them to deploy their business on the blockchain with benefits of advanced security and low costs. CyberMiles’ blockchain is fully compatible with Ethereum blockchain so that any DApps and smart contracts can be transferred to CyberMiles without changing a code. The platform is going to reach 10 000 transactions per second once the MainNet is deployed. One of the biggest advantages of the project at the start was its close partnership with 5miles allowing to attract over 12 million (currently 15 million) US-based e-commerce users to the CyberMiles blockchain. The goal of the project is to build a decentralized ecosystem for e-commerce.
Website: cybermiles.io
Token trading: December 6, 2017.
Where to buy tokens: a lot of exchanges with the biggest volume on
PPT token price: -78%.
How much they planned to make/made: ~30 000 000 USD / 100%.
What their token gives you: utility token — e-commerce apps can adopt CMT as their base currency or use CMT to issue their own tokens, CMT are used as incentives for community collaborations.
What will happen to tokens: the initial supply is 1 billion CMT (not limited); 8% inflation based on PoS scheme; current circulating supply is about 695,2 million.
What they promised/made:
January 2018: CMT tokens integration with 5miles; accepting BTC and ETH as payment method — ✔
March 2018: TestNet launch — ✔
May 2018: First characteristics disclosure of CyberMiles mining machine with the following mining machine pre-sale — ✔
June 2018: supernodes details disclosure — ✔
Q3 2018: shipment of the first mining machines; deployment of supernodes — ✖ (shipments are expected to begin in September, 2018)
Crew: 20+ team members and advisors. The Founder and CEO of the project is Liang Lu. He is also the founder and CEO of 5Miles LLC. Previously he was a Co-Founder and CTO of Light in the Box.
Review after ICO:
• Current development stage: CyberMiles Travis TestNet.
• Partnerships: 5miles (US-based mobile marketplace); Egretia (HTML5 blockchain engine and platform); (Krypital Group (promotion of blockchain projects based on fundamental aspects); and more.
• Strong presence in social networks with 297 thousand subscribers in Twitter only.
• 96th position by market cap.
Communication: twitter, facebook, linkedin, youtube, telegram, github, reddit, medium.
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