CyberMiles mainnet was sucessfully upgraded without forking on 23th May, following validators’ vote. With this upgrade to the version 0.1.8-beta, CyberMiles validator and delegator block rewards will be easier to understand and calculate. In addition, the CyberMiles Mainnet now allows CMT holders to use CMT Wallet to stake. Cancelling the loyalty and diversity factor in reward calculation With this upgrade, the loyalty (the second) and diversity of delegators (the third) factors in the staking rewards calculation cancelled, meaning whenever a CMT holder starts to stake, he or she gets the same block reward with the same amount of CMTs over a same period of time under the same validator.
FairPlay will choose 4 lucky winners, and give away Domino’s pizza gift cards ($15 each) on May 22nd! May 22nd is known as the Bitcoin Pizza Day. On that day, we celebrate the most “expensive” pizza bought in human history! On May 22nd 2010, Laszlo Hanyecz, a computer programmer in Florida, paid a Bitcoin Talk forum user 10,000 BTC to get two pizzas. In today’s Bitcoin value, he paid more than $400 million US Dollars for each pizza.
5miles, a top e-commerce marketplace in the USA, has started to migrate and record its operational data, including new product listings and anonymized reviews, onto the CyberMiles public blockchain. It is the first step toward the vision of decentralized e-commerce. Eventually, the entire 5miles marketplace, with over 15 million users in the USA alone and $100+ billion USD in GMV, will operate as a Decentralized Autonomous Organization (DAO) on the CyberMiles public blockchain.
Welcome to the FairPlay DApp！ Every prize draw is fair, fully automated, transparent, and decentralized. Various exciting and fun prizes for you are on the way. All you need is the “CMT Wallet” app (available in app store and google play). How to win a prize? 1 Download and install the CMT Wallet mobile app on your iOS or Android device. 2 Create a password for yourself. No need to worry about the mnemonic words for now.
5miles Data Migration Now Complete, Painting a Fuller Picture of CyberMiles’ Decentralization Though unheard of only a few short years ago, the concept of a blockchain integrated into e-commerce is no longer a new concept. In 2018, we witnessed the rise of the first public blockchain for e-commerce, CyberMiles, with progress toward decentralized payments. Meanwhile, some traditional e-commerce giants such as Walmart, Tesco and JD announced that they would use blockchain technology to ensure the transparent, tamper-proof tracing of their products.
Congratulations to the 4 winners of our Mother’s Day giveaway! This is our first public lucky draw in the USA. Thank you for joining us! Scan the QR code to see who won with CMT Wallet. Each winner has already received a $25 USD gift card for AMC or Cinemark — perfect for a movie for 2. We will have more interesting giveaways in the future with at the FairPlay DApp.
Mother’s Day is right around the corner. Are you ready for the celebration? Win movie tickets for 2, and take your mom to a movie! Each winner will get a $25 AMC or Cinemark gift card — enough for two movie tickets. Please note that this offer is only available in the USA. Good luck! How does it work? You can participate the drawing for free by downloading the CMT Wallet mobile app, and entering your contact info.
Q: Does the advantage of CyberMiles beat the inherent advantages of traditional players like eBay or Amazon? A: Cheaper prices for buyers and more profit for sellers. Amazon has monopoly position on the market, therefore it has too strong a bargaining power rendering sellers and buyers vulnerable. In addition, the centralized Amazon make 40% of its profit out of the vast amount of data the data it gathered from the users, which should belong to the users.
Q: What are the next steps for Cybermiles to reach new markets? A: There are a couple of things. First, we want to reach the international market, outside of east Asia. China and Vietnam are the largest group of CMTs holders so far, and we have benefited tremendously from them. Our ecommerce platform is mostly in the United States. So to open up CMT staking from the wallet is one of the most important steps and also enabling supernodes from various areas and community participation to reach out CMT.
Q: We know that you envision a future of asset digitalization. When do you think there will be massive development on this? A: We know the long term trends are toward digitalization. We’ve seen over the years and decades a certain movement with the internet that we have decentralized technology, there is a real hunger for it. We see it in the financial sector, supply chain, and third-industries. We know that asset digitalization is a growing way, it’s only a matter of time.