CyberMiles (CMT) Analysis

Market Cap

$7,092,923 USD

Volume (24h)

$1,495,116 USD

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3.6

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

CyberMiles Markets Rank: 6/100
Volume Ratio

How actively is this asset being traded on the market?

CyberMiles Volume Ratio Rank: 21/100
Market Cap

The total cost of all coins available.

CyberMiles Market Cap Rank: 88/100
24h Change

Is the price moving up or down?

CyberMiles 24h Change Rank: 53/100
Social Following

How many users are following this coin?

CyberMiles Social Following Rank: 96/100
Google Trends

How many users are searching for the coin?

CyberMiles Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

CyberMiles Twitter Citation Rank: 2/100
User Voting

How popular is this coin among Cointobuy community?

CyberMiles User Voting Rank: 90/100

CyberMiles investment analysis

The CMT platform wants to adapt the blockchain for usage by e-commerce platforms by way of smart contracts. They have a pre-recorded library of e-commerce optimized smart contracts which can be used by applications. Businesses can use the native token for the platform as their own digital currency.

In addition to providing a scalable blockchain solution that is fine-tuned for e-commerce applications, there is still another use for this project. The CyberMiles investment platform will allow for peer to peer loans.

Users reputations, credit history, and identities are recorded on the blockchain which can then be utilized to allow for lending without a third party. This particular service makes them quite unique among other projects in the same category.

$0.008866

+324.5%

$0.037637

503/4138

by Safety

1153/4138

by Profit

How to buy CyberMiles?

It's possible to buy CyberMiles on several exchanges and at least one that most investors will be familiar with. Ethereum is the highest volume trading pair here, but Bitcoin is a close second if you prefer it. In either case, there's plenty of liquidity here for you to make a fast trade, at a fair price.

This is an ERC20 token. Investors who are interested in making an investment in this particular Ethereum asset have the luxury of storing it in one of many highly reputable wallets. If you don't already have an Ethereum asset wallet then you could consider using something like the Coinomi mobile wallet for Android or iOS, or many crypto enthusiasts also enjoy using My Ether Wallet.

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While there are many blockchain projects that are aiming to be the building blocks of our new world, not many are fine-tuned for specific purposes. This focus could prove to be very valuable for projects that are looking to build a base which they can operate on.

The future success of these projects will depend on their ability to reach the right people, and if we look at the CyberMiles analysis it looks as if they are doing exactly that. They have excellent social media engagement, but their search trends could stand to improve a little. The rating in this area is quite low.

Does the CyberMiles platform have what it takes? This will likely depend on the ease of use of their platform, but they do have a pretty unique offering. They have an in-house, pre-programmed collection of smart contracts that are tailored to small businesses that are looking to make efficient use of the blockchain in their respective enterprises.

This will likely eliminate the need for a lot of technical knowledge that may be a barrier to some looking to get into the space. They'll also be able to utilize the native token of the platform as both a currency and to pay for services to run their stores.

What's more, is that the platform can also run any existing Ethereum smart contracts or applications but 100 times faster than the Ethereum network can itself. Users will also be protected from loss of funds caused by bugs in these contracts, adding greatly to the user's confidence.

If you plan to invest in CMT, then you may also be interested to know that they have plans to bring about a lending program that will be native to the chain. All users will have their transactions, credit history, and identities recorded on the blockchain. This information can then be leveraged as a means to acquire capital.

Getting a small business loan can be a stressful and difficult process. By utilizing smart contracts CyberMiles allows for peer to peer lending that cuts out the middleman. This process can trigger automatically so no third party intermediary is required.

This faucet of their project effectively allows small businesses that may only employ one or two people quick access to the funds they need to expand. It also offers the opportunity for those who have the capital to invest in a burgeoning business securely.

This project offers some interesting innovations that set it apart from the crowd, and it's certainly worth taking a look at what they have to offer both those who would utilize their service and investors interested in a valuable new blockchain project.

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