Cryptomiles (CML) is the utility token from the Drive On platform. It aims to revolutionize the automotive market by giving value to users’ driving data. By sharing their data with the automotive market, users can earn Cryptomiles tokens as rewards. The driving data generated by users turns into valuable information on the blockchain, creating new business opportunities in the era of smart cars. Companies can access this data to develop new products and services, ultimately improving the driver’s experience and the entire automobile industry.
The Cryptomiles token can be earned through the Drive On application or a device that captures driving behavior and vehicular health information. Users’ driving scores are automatically converted into Cryptomiles and stored in their digital wallets within the DriveOn app itself. These tokens can be stored in the wallet or exchanged for cash, other cryptocurrencies, or used for bill payments through Exchange Coins. The purpose of Cryptomiles is to incentivize drivers to improve their driving behavior, ultimately reducing the number of accidents and fatalities on the road, which is a significant issue according to the World Health Organization.
The team behind Cryptomiles is composed of experts in blockchain development, data processing, software engineering, and design. These professionals bring their diverse backgrounds and experiences to ensure the success of the project. Cryptomiles also has a strong group of advisors, including specialists in mobility, actuarial sciences, insurtech, big data, and blockchain technology. With their guidance, Cryptomiles aims to disrupt the automotive market and make driving safer and healthier for everyone.