Cashbag — Highly Profitable Shopping System
CashBag.co is a cash back rewards aggregator that enables consumers to secure discounts and cash back for shopping and transacting online at thousands of participating global merchants. With over 130K users and growing, CashBag is issuing a token sale to enable it’s Advertisers to pay for advertising and consumers to earn tokens as rewards for transacting through CashBag.
Utilizing blockchain transaction authentication & smart contracts CashBag will revolutionize its transactional capability & enable instant settlement, disrupting the market and speed up consumer payments.
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 has developed its first generation CashBag Ledger Settlement platform as described in the Whitepaper, and will implement & launch the customer wallet, tokenization of advertising and reward redemption in early 2018.
How CashBag earns revenue
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.
Token Issue & Token Use
Token Issue
CashBag operates in multiple global markets. We have a roster of over 150 active advertisers, with more than 685 in the queue for integration. We expect to expand to include 2500 merchants by Q2 2018 as we enter more territories.
- Members earn cash rewards when shopping online at participating merchants. These cash rewards are paid by the merchant and tracked by CashBag through our sale tracking integration with each merchant. New members select from a base set of currencies including USD, EUR, AUD, GBP, ZAR with support for more currencies being added as we enter new markets.
- Members can earn CashBag sponsored incentives based on their activity, transaction volume and social sharing of the platform. By integrating our wallet to blockchain settlement we create a mechanism to speed up cash back settlement and incentivize our members by allocating them a token with a real world supported value which can be traded, redeemed and used across any ERC20 wallet supporting partner.
- Members can opt to receive their cashback in their native currency or convert at ruling market price to CashBag Tokens and store their savings in our ERC20 compliant wallet. Similarly, they can cash in their CashBag Tokens and receive fiat payments in their native currency.
Token Use
Business Case
Our Advertiser
The token can be used to purchase advertising inventory on CashBag by redeeming it through the advertiser interface. The token is transferred through a smart contract in return for advertising services and the services are delivered through the platform.
During the initial token sale the minimum redemption price will be guaranteed through a smart contract, so that the token can be redeemed against advertising at a future date up to 48 months, at the issue price.
- Using token to buy adverting inventory
- Product / store listings
- In APP & Web CPC adverting
- Location based advertising
Our Consumer
We will launch a multi-market marketing campaign built around the CashBag Token(CBC) to generate awareness of CashBag, our Token and its intrinsic value, which non-technical consumers can understand and embrace.
We’ll use token sale funds to drive this advertising campaign, while using the incentive token allocation to drive activity and new member adoption. Each new member that joins is allocated CBC 10 when registering on the platform.
Why Contribute
Our token sale is an opportunity for early adopters to participate in a crowdsale of redeemable tokens with a guaranteed advertising redemption value.
After the initial token issue is fully distributed no further tokens will be created and the company will buy back tokens to issue as incentive rewards to members.
CBC price will follow Hartwick’s Rule where through our buyback program the tokens will maintain liquidity and increase in value over time as more users enter the ecosystem. Due to scarcity and the limited supply we anticipate that the unit price of CBC will rise as demand, driven by member earnings, increases the price.
CashBag will pay its members incentives using an incentive ratio, currently 10:1 (one tenth dollar value equivalent in CBC to each dollar cash back earned). This incentive will be funded from profits and purchased on the open market
Token Informations
For Informatiions
Website: https://tokensale.cashbag.co
ANN: https://bitcointalk.org/index.php?topic=2311052.0
Facebook: https://www.facebook.com/Cashbag.co/
Twitter: https://twitter.com/CashBagco
Linked: https://www.linkedin.com/company/cashbag.co.za/
Telegram: https://t.me/cashbag