ICO KYC Report
Not conducted yet
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.