You are viewing a single comment's thread from:

RE: ICO Spotlight | CyberMiles – The Next Generation Blockchain E-Commerce Platform

in #bitcoin7 years ago

every big fish was a little one first!

CyberMiles is a blockchain platform and they will distribute CMT on that platform. They need some sort of "mining" incentive to blocks, much like bitcoin miners verify blocks for a fee. PoS is usually used to confirm blocks on the blockchain and also an incentive to keep the price stable as you are required to hold tokens somewhere (usually a wallet). The reward to mine is set by blockchain rules. CMT uses 8% which is generous - but not over generous that it will hurt the blockchain. Hope that answers your question. Thanks for the coment and upvote!