CashBag - The Cash Back Cryptocurrency

Hello everyone, how are you today ? Back again with me, please have a pleasure while reading this article.

It has to be said that Cryptocurrency has got so many users and investors nowadays. What is cryptocurrency ? Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

Cryptocurrency now is used in many ICO's to collect capital for many startup companies. What is ICO ? ICO is Initial Coin Offering, a crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. ICO's profit is very tempting, early investors can gain profit multiple times from their investment.




What is CashBag?

CashBag is more than just a rewards website, it’s a tool that helps savvy, savings conscious shoppers earn cash back and secure discounts on just about any online purchase. It’s used by active online shoppers, businesses and just about anyone that’s interested in saving when shopping online.


CashBag on 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.


Token Use Case

There are Several Commercial and end User Applications for the token.

1. Pay For Advertising on Cashbag
Merchants and advertisers offering services and products on CashBag can pay their advertising fees using CBC.

2. 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.

3. Gamification / Rewards
Members may earn CBC for acting on and sharing curated advertising content ranging from news stories to videos, movie or product launches.

4. 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.

5. 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.

6. Sending Tokens / Makin 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.

7. 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.






Roadmap


Q1 2018
  • Advertiser Transactional Advertising & Member Wallet Integration 
  • Launch Advertiser Self Service Portal including wallet enabling token-to-advertising transaction processing and currency = CB swaps through smart contracts.
  • Launch expanded member interface showing token values, cash and cash equivalent values and tools for executing swaps, redemptions and withdrawals.
Q2 2018
  • MarketPlace & Core Market Expansion
  • Launch CashBag marketplace, integrating merchant data feeds with 150,000 distinct products.
  • Launch AI Natural Language UX independent shopping assistant
Q3 2018
  • Native Ad Engine
  • Launch ad engine including audience targeting, ad creation and redemption of CBC for advertising spend using smart contracts to execute advertising buys on the platform
Q2 2019
  • Launch Debit Card
  • Launch linked Debit Card in US Market, with other markets to follow 
Beyond
  • Extend marketplace to enable members to list and sell their own goods in a secure, high trust environment using smart contracts to execute and guarantee transactions and delivery.
  • Add Social Tools, enabling direct peer-to-peer (member-to-member) communication & transactions, including gamification elements to drive adoption, usage and social sharing of the platform, merchants and products featured on it.
  • As cashbag evolves we envision the service becoming an invaluable and trusted part of members everyday life.


Token Issue Information

Cashbag 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.

We will issue a total of 367,000,000 tokens. A maximum of 120,000,000 will be sold at 1 ETH:6000 tokens.


Total Number of CBC Tokens





Use Funds





During the presale send Ethereum (ETH) to the presale address to secure your tokens and bonus. Token will be allocated after the crowdsale is completed. During the crowdsale, token are purchased by sending Ethereum (ETH) to the smart contract address. Once received the smart contract will send tokens to your wallet. After crowdsale, CBC tokens may be listed and traded on additional exchanges. Support for advertisir redemption and trading directly within the CashBag platform will be added.

Token Sale Information

CashBag is conducting a Token Sale for advertising and eraly adopters of the technology, issuing 120 million tokens and intends selling tokens to the value of $15 ,illion with a maximum cap of $30 million.

CashBag will accept CBC tokens for CashBag advertising services at the minimum issue price of 0,000166666 ETH per token (6000 token / ETH).

Utilizing blockchain transaction authentication and smart contract CahBag will revolutionize its transactional capability, enable instant settlement, disrupt the market and speed up consumer mass adoptions.


Token Information

Token Name : CBC

Token Type : ERC20

Token Price 1 ETH = 6000 CBC

Total Supply : 367,000,000 CBC

Token Available for Sale :120,000,000 CBC

Pre-Sale Start : 12 March 2018

Accepted : ETH


Conclusion

I trust that Blockchain and Cryptocurrency forms of money are separately the innovation and installment technique for what's to come with CashBag - The Cash Back Cryptocurrency.



For More Information :



Created by :

JuiceAnnabel




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