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With more than 10 million users and millions of commercial transactions, 5miles provides Cyber Miles & its smart-contract modules with a mature ecosystem to quickly develop and scale up its marketplace applications.

In contrast, most other blockchain projects first develop the technology, and then search for applications, which is inefficient and highly uncertain.

5miles comprises of team members with extensive experience from leading internet companies, e-commerce platforms, and financial services companies from 5 different countries.

For the past three years, the team has applied their expertise to build a successful marketplace, which has become one of the leading shopping apps in the US, generating over USD 3 billion of annual transaction value.

Imagine a world in which consumers can buy and sell products amongst themselves with the same confidence and certainty as they would from Amazon, or Walmart.

Or if individuals could create their own marketplaces, and manage these communities in a truly democratic way.

Additionally, 5miles has a market-by-market footprint, establishing highly active and very dense user communities in each of its core markets.

The point-to-point transactions within a community are ideal for decentralized blockchain solutions to provide greater transparency & marketplace efficiency.

Furthermore, a completely decentralized chain may be corrupted if too much poor-quality coding is accumulated.CM will focus on commercial applications, with protocols to ensure the appropriate balance between vertical effectiveness and network compatibility, limiting the ability for low-quality DApp to emerge on our chain.Almost all of the transactions and interactions on 5miles is point-to-point (between buyers and sellers), and a large portion of our users are both active buyers and sellers.Compared to most blockchain projects, 5xlab already has a solid foundation, with 3 years of track record and 12 million users for its initial blockchain applications.Validated by approximately USD 62 million of funding from top VCs, and strengthened by its blockchain research over the past half-year, 5miles’ blockchain initiative has already gone from “0” to “1”.

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