CyberMiles Raises Millions in Pre-ICO Private Stage Investment Opportunity  

Foundational blockchain, envisioned as a decentralized online marketplace network, announces advisory board for the new technology

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CyberMiles, a new Blockchain network designed and optimized for commercial applications, has concluded the private stage investment opportunity leading up to its initial coin offering, slated to begin Nov. 21. Empowering the decentralization of the online marketplace, CyberMiles is raising millions to fund the development of its groundbreaking technology.  

In addition to concluding the private stage round, CyberMiles has announced the fo5milesrmation of an advisory board comprised of well-connected, influential leaders in technology, finance and venture capital. The diverse slate of advisors and contributors includes experienced men and women of different races and backgrounds, along with notables such as Amanda Bush of St. Augustine Capital Partners.

“We’re excited to welcome an exceptional board of advisors to help guide CyberMiles to fruition,” Dr. Lucas Lu, CyberMiles’ initiator and the founder/C.E.O. of the 5miles marketplace, said. “As a public Blockchain network that is breaking ground with ‘smart business contract’ modules, CyberMiles can benefit greatly from our advisors’ expertise as well as the funding needed to power this initiative forward.”

CyberMiles’ Blockchain technology is emerging from 5xlab, 5miles’ Blockchain development laboratory. 5miles is expected to be the first platform to use CyberMiles’ Blockchain protocol, itself intended to be a major mainstream Blockchain technology for real-world businesses.

The modular solutions that are a hallmark of CyberMiles have protocols for 12 key commercial applications and more than 300 sub-categories of transaction types widely in use. These cover a large portion of potential online marketplace and e-commerce applications via smart business contracts.

“The purpose of CyberMiles is to bring practical Blockchain technology to the fore,” Garwin Chan, C.F.O. of 5miles/CyberMiles, said. “Developing commercial apps that are more effective and transparent is what we’re after, something that will benefit both marketplace businesses and consumers.”

5miles, for its part, is committed to migrating its existing 12 million users (along with more than with $3 billion in transactions annually) to CyberMiles. The user identity, credit history, reputation, and transaction history data all can be encrypted and recorded on the CyberMiles Blockchain, enabling a wide range of business applications for partners like 5miles.

As one of the most popular shopping apps for both Android and iOS devices, 5miles is the first app of its kind to offer a full-category, hyper-local marketplace experience with access to a variety of goods as well as services, housing and jobs: real items from real people in real time—all within five miles.  

To learn more about or to register for CyberMiles’ upcoming ICO, visit cm.5miles.com. To join the CyberMiles community online, go to t.me/cybermilestoken.

CyberMiles is a new decentralized Blockchain protocol optimized for business transactions. Initiated in the fall of 2017 by 5xlab, a Blockchain development laboratory, CyberMiles uses innovative “smart business contract” modules to facilitate and process transactions simply, effectively, and with transparency. This technology focuses on commercial applications with protocols that ensure the appropriate balance between vertical effectiveness and network compatibility. Learn more at cm.5miles.com.

5miles is a free, local marketplace app, one of the fastest-growing online shopping ventures in the United States. The app is the first of its kind to include services, housing and jobs, in addition to second-hand trading. 5miles launched in January 2015, immediately setting itself apart with an easy-to-use mobile interface, identity verification capabilities (for added safety and security), mobile payment and shipping options, and a hyper-local curation of offerings users can search—all within their very own neighborhoods. Since then, buyers and sellers in every major market coast-to-coast have transacted more than $5 billion in merchandise through 5miles, which Google Play has ranked a top 10 shopping app. Visit 5miles.com.  

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.

He sits on the advisory boards of some two dozen Blockchain startups
and has written over 1500 articles on Blockchain technology and
startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat

Ad honorem - Honorary Ph.d - Chair Professor of Blockchain at
China's first Blockchain University in Nanchang at the Jiangxi Ahead
Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business
Automation 4.0 programme. Chevalier (Knight) - Ordre des Arts et des
Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain Association.

Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission's SME
Instrument programme as a startup assessor and as a startup judge for
the UK government's Innovate UK division. Kastelein has spoken
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe

He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world

In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, 'The Hitchhiker's Guide to the Seas'
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. 

He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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