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Milestones Cybermiles

Connecting Blockchain Technology and Business

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.

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Benchy 3.2
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~$30,000,000
value of tokens sold in ICO
Ended
Token
CMT
Type
Price in ICO
0.1030 USD
Country
USA
ICO start
21st Nov 2017
ICO end
21st Dec 2017
Visit ICO website
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Milestones

1
APR. 2014

5Miles LLC established.

2
JUN. 2014

5miles receives $5 million (USD) Series A investment from SIG.

3
OCT. 2014

Testing of the 5miles app begins.

4
JAN. 2015

The 5miles app launches in the US.

5
JUN. 2015

5miles receives $17 million (USD) Series B investment, led by IDG and Morningside.

6
NOV. 2015

5miles introduces user-verification and fraud-detection technology, further strengthening it's innovative marketplace safety features.

7
JAN. 2016

5miles’ gross merchandise value reaches $100 million; receives $30 million (USD) Series B-1 investment, led by Blue Lake and Puhua.

8
JAN. 2017

5miles surpasses 11 million users, becoming a top 10 shopping app in the US (data from Similar Web); begins exploring blockchain initiative.

9
JUN. 2017

5miles receives $10 million (USD) follow-on funding from existing investors (pending closing).

10
AUG. 2017

5xlab formally launched, focusing on CyberMiles blockchain program; developing CyberMiles v0.1.

11
OCT. 2017

5xlab to explore the issuance of CyberMiles tokens (CMT).

12
JUN. 2018

5miles app to begin accepting CMT to facilitate marketplace transactions.

13
DEC. 2018

5xlab to launch v1.0 of CyberMiles’ version.

14
MAR. 2019

CM modules to be available for use on other platforms to facilitate further adoption.

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