CASHBAG.CO

THE CASH BACK CRYPTOCURRENCY

What’s wrong with the traditional cash back model?

The cost & time it takes to get savings into consumers wallets.
Bank fees make it impossible to do micro-payments. Processing fees eat up all the value! By building our settlement engine to interface with the Ethereum blockchain we’ve created an instant settlement platform that not only cut our own costs, but it enabled us to settle micro-payments and keep an immutable record!

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

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.

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 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.

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 Tokens / 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.

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.

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.

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.

 THE TEAM

Jonathan Miller
CO-FOUNDER / CEO

Kirsty Henderson
CO-FOUNDER / BUSINESS LEAD

Eugene Benade
CO-CTO / SOFTWARE DEVELOPMENT

Nicolaas Venter
CO-CTO / SYSTEMS ENGINEERING & SOFTWARE DEVELOPMENT

Jonathan Meanwell
CMO / BUSINESS DEVELOPMENT & ADVERTISER SALES

Divan Bower
USER COMMUNICATION & MESSAGING

Maggie Benson
USER EXPERIENCE & FRONT END DESIGN

Ryan MacGeoghan
ANALYTICS AND DATA SCIENCE

TOKEN ISSUE INFOMATION

We will issue a total of 367,000,000 token. A minimum of 120,000,000 will be sold at

1 ETH = 6000 tokens.

CROWDSALE	BONUS TOKEN	TOKENS / ETH LIMIT	START DATE
PRESALE	40%	1 ETH = 8400	TBA
WEEK 1	20%	1 ETH = 7200	12  March 2018
WEEK 2	15%	1 ETH = 6900	19 March 2018
WEEK 3	10%	1 ETH = 6600	26 March 2018
WEEK 4	NO BONUS	1 ETH = 6000	2 April 2018

TOKEN DISTRIBUTION

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.

Total Number of CBC Token

COMMENCEMENT & DURATION OF CASHBAGCOIN (CBC) CROWDSALE

The Sale Period will begin on 12 March 2018 and continue until either 120,000,000 tokens are sold or 30 days from token launch. A smart contract will deliver the tokens during the token sale.

TOKEN SALE PROCEEDS

Share holders of the company do not receive tokens as it is our position taht we already benefit from the crowdsale through the participation of token buyers. Proceeds from the Initial Token Sale will be utilizied within the company to accelarate development and growth of the business.

MORE INFORMATION

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