CASHBAG - THE CASH BACK CRYPTOCURRENCY

CashBag.co is a transactional cash back aggregator that enables consumers to secure discounts and cash back for shopping and transacting online at thousands of participating global merchants. For each transaction concluded CashBag members earn cash back which is collected by CashBag from the participating merchant, accrued to the member wallet and paid out in fiat to linked bank or PayPal accounts.

CashBag will through this token issue add a feature rich environment to its platform, including an ERC20 compliant wallet which will enable features such as fiat / token conversion, advertising purchases, member rewards accumulation and redemption, instant transfers and the ability for members to transact both within CashBag and with any other ERC20 compliant wallet.

Ethereum underpinning technologies enable CashBag to empower its members to own, earn and trade tokens without requiring them to understand any of the underlying infrastructure. This will drive up adoption and use of the token, increase market liquidity and enable tradability.

CashBag has partnered with hundreds of global merchants and continues to onboard new merchants daily. These merchants all agree to share revenue based on transactional income generated by CashBag online shoppers. Through our direct & network integrations with the merchants we’re able to report transactions in real-time and accrue cash back savings for our members.

DESKTOP & MOBILE CashBag has an Android Application and a Desktop Helper App (Firefox Safari Chrome) which once installed automatically alert consumers to savings when shopping online.

The site is mobile optimized and our Android App (iOS launching Q4) enables consumers to browse and search for products and services on the go. CashBag launched in the South African market and rapidly gained traction, growing to 135,000 members within months. The next step was to expand into multiple markets and add multi-currency support including US$, GBP, EUR and AUD with more currencies following.

Token Use Case

THERE ARE SEVERAL COMMERCIAL AND END USER APPLICATIONS FOR THE TOKEN. DEPENDING ON THE USER REQUIREMENTS, THE TOKEN CAN BE USED EITHER TO STORE OR TRANSMIT VALUE OR REDEEM FOR SERVICES WITHIN CASHBAG. TOKENS ARE REFERRED TO AS CBC (CASHBAGCOINS)

• PAY FOR ADVERTISING ON CASHBAG

Merchants and advertisers offering services and products on CashBag can pay their advertising fees using CBC. Advertising is paid in tokens and the token sale early adopters are guaranteed their US$ equivalent token value in advertising services in their local market

• EARNING INCENTIVES

CashBag members earn CBC each time they transact via the CashBag platform and purchase from a participating merchant. Initially, for every $1 or local market equivalent earned in cash back rewards the consumer will earn an additional 10% bonus ($0.10) in CBC.

• GAMIFICATION / REWARDS

Members may earn CBC for acting on and sharing curated advertising content ranging from news stories to videos, movie or product launches. On our platform, the end user benefits directly from viewing and engaging the content and is no longer considered just a product, but becomes an active participant in the transaction process.

• WALLET

CashBag members can request / send CBC between members and pay for services on the platform. The wallet is ERC20 compliant so funds can be transferred out of our ecosystem and used in other wallets.

• TRADING THE TOKEN

The token can be freely traded, exchanged and sold. CashBag will honor the crowd sale issued tokens for advertising services at the guaranteed discount rate through the smart contract rules. The token will trade on multiple exchanges and as an ERC20 compliant token may be stored in any compliant wallet and used for purchases.

• SENDING TOKEN / MAKING PAYMENTS

The token can be used to send tokens to CashBag members or make payments through smart contracts initiated by users on the CashBag platform and beyond. Within the CashBag marketplace members will be able to gift tokens, pay for services, buy products from the CashBag marketplace and eventually purchase goods from integrated merchant partners who accept payments from ERC20 wallets in general and CashBag specifically

• DEBIT CARD

The addition of a linked VISA / Mastercard debit card will enable members to transact globally, using CBC to purchase at real world merchants, withdraw cash and instantaneously access their funds using just in time (JIT) funding.

• TOKEN TECHNOLOGY

The CashBag Token (CBC), a token based on Ethereum, is an important element of our marketplace. Ethereum is an open source, blockchain-based, distributed computing platform oriented towards smart contracts. Effectively, Ethereum is a distributed virtual machine that allows end users to construct smart contracts for transactions. Smart contracts are stateful applications stored in the Ethereum blockchain.

These contracts are cryptographically secure and can verify or enforce performance of the contract. Token contracts are a standard feature of the Ethereum ecosystem. Ethereum has been used for mobile payment systems, distributed exchanges, tokens pegged to commodities and fiat currencies, market clearing mechanisms, micropayment systems for distributed computing resources, commodities and securities exchanges, crowdfunding, and legal document verification. Large firms have invested in and deployed Ethereum with Deloitte, IBM, JP Morgan, Luxembourg Stock Exchange, Microsoft, RBS, and Santander Bank being key early adopters

Token Details

• PRE SALE - NOW OPEN

BONUS :  40%
PRICE : 1 ETH : 8400 (2000 ETH)

• WEEK 1 - 12 March 2018

BONUS :  20%
PRICE : 1 ETH : 7200 

• WEEK 2 - 19 March 2018

BONUS :  15%
PRICE : 1 ETH : 6900 

• WEEK 3 - 26 March 2018

BONUS :  10%
PRICE : 1 ETH : 6600 

• WEEK 4 - 2 April 2018

BONUS :  NO BONUS
PRICE : 1 ETH : 6000

• NAME : CASHBAG
• SYMBOL : CBC
• COIN PRICE : 1 ETH : 6000 CBC
• SUPORT : ERC20
• TOTAL SUPPLY : 367,000,000 CBC

More Info

Ann Thread : https://bitcointalk.org/index.php?topic=2311052.0
Website : https://tokensale.cashbag.co/
Whitepaper : https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
Facebook : https://www.facebook.com/Cashbag.co/
Twitter : https://twitter.com/CashBagco
Telegram : https://t.me/cashbag

Author : mriansa
https://bitcointalk.org/index.php?action=profile;u=886049

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