Cybermiles’ Price Spike

Cybermiles’ mission is to build a decentralized ecosystem for e-commerce with blockchain. It is a blockchain that is focused on the e-commerce market. The idea is to open up the online market place by means of allowing ordinary people to create and execute smart contracts. Altcoin reports five reasons why Cybermile (CMT) dominates Ethereum and has better chances of growth: (1) it is cheaper; (2) it supports multiple languages; (3) it has higher TPS than Ethereum; (4) it has a proactive anti-bug mechanism; and (5) users can use Cybermile to release their own token.
The scalable nature of the Cybermiles platform makes it possible for over 1,000 transactions to be carried out per second. The blockchain also deals with issues regarding governance on the system using its proof of stake consensus mechanism. This allows the community members and token holders of the CMT platform to vote on how the platform will be run collectively. This will enable e-commerce disputes to be solved through a consensus, making it safer and quicker to buy through the platform.
CMT became one of the fastest growing tokens in April. It started the month at a price of $0.09 and has witnessed the escalation of its price to $0.20 as of Saturday April 28, 2018. The 120% increase in price has seen the coin climb up the Coinmarketcap charts to place 138th with a total market capitalization of over $127 million.
As Bitcoin rose to over $8,000 in the past three weeks, CMT rose as well with the price hitting a two-month high of $0.203 per CMT. The token is currently traded on over 20 cryptocurrency exchanges with Huobi and Binance exchanges holding the largest 24-hour volume trades, 60% and 18% respectively.
The company is looking forward for more partnerships after Cybermiles CEO Lucas Lu spoke after announcing the partnership between Cybermiles and LightInTheBox, an e-commerce company currently present in over 200 countries.
Last Friday, CMT declared on Twitter of its partnership with ChainedBox who provides mining machine solutions that support CBC points and IPFS but also home data cloud. In terms of network, ChainedBox is represented by 100,000 nodes all around the world.

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