Hong Kong, May 29, 2018 (GLOBE NEWSWIRE) -- CyberMiles (CMT), a public blockchain protocol designed and optimized for commercial applications, has launched an online marketplace that is among the first e-commerce platforms to support cryptocurrency only. Blocktonic.io, which exclusively accepts the CyberMiles Token (CMT) as a payment method, offers more than 60 products including electronics and the CMT Cube, CyberMiles’ new mining machine.

Initially, every product that consumers can buy on the Blocktonic website is essentially free because payments will be refunded over an extended period of time under a spending cashback program. Under the program, Blocktonic the purchase price in full Blocktonic also will offer a 100 percent rebate within a year to buyers who use CMT to purchase the CMT Cube. Additionally, Blocktonic shoppers can earn referral bonuses when they invite their friends to shop on the marketplace.

“We are excited to introduce the first blockchain (crypto-only) e-commerce site,” Dr. Lucas Lu, founder of the CyberMiles Foundation, said. “Blockchain technology promises to revolutionize e-commerce, and we are confident Blocktonic is a step toward that, enriching the CyberMiles ecosystem with real application.”

With customer satisfaction the site’s top priority, Blocktonic is committed to providing a convenient ordering system with the highest-quality products for shoppers worldwide. The Blocktonic website is currently available in three languages: English, Korean, and Vietnamese, with additional language versions now in the works.

Blocktonic is part of CyberMiles, which plans to subsidize Blocktonic’s marketing expenses. The spending cashback program is for limited number of products and for a limited time. For program terms and conditions, visit blocktonic.io/content/spending. To view and purchase products on Bloctonic, visit blocktonic.io today.

*Note: CyberMiles Token, known as CMT, should not to be confused with Comet Coin, also listed on some crypto exchanges as CMT.

About CyberMiles

CyberMiles is a new decentralized blockchain protocol specifically designed and optimized for online marketplaces (like Ethereum for e-commerce). Initiated in 2017 by 5xlab, a blockchain development laboratory, and incorporated in Hong Kong as the non-profit organization CyberMiles Foundation, 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.

With the spring 2018 release of its “Travis” TestNet, CyberMiles is on track to provide a strong alternative choice for Ethereum application developers, particularly for decentralized e-commerce apps. CyberMiles expects to release its MainNet in the second half of 2018, with more milestones to come in the interim. To learn more about the CyberMiles blockchain network, go to cybermiles.io.

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Mark Brinkerhoff CyberMiles +1 (817) 681-5739 mark@cybermiles.io