CyberMiles is a new blockchain protocol that is being developed by 5xlab, a blockchain development laboratory. The protocol is an optimized version of the Ethereum blockchain for business and marketplace applications.

The first pioneer of this blockchain will be the 5miles platform, a c2c marketplace operator. The CyberMiles blockchain is expected to empower the 5miles online marketplace which will feature a c2c trading platform, a community-based dispute resolution, structuring alternative payment and financing solutions for e-commerce and real-time promotions.

The CyberMiles token (CMT) will be issued on the Ethereum blockchain as an ERC-20 compliant token until the CyberMiles blockchain is operational, thereafter, a CMT native token will be issued. The initial CMT based on ERC-20 would be exchanged on a 1:1 basis with native CMT issued on CyberMiles’ blockchain.