Cost & time required to save to the consumer wallet.
Bank charges make it impossible to make micro payments. The processing fee consumes all its worth! By building our residential engine to interact with the Ethereal blockade, we have created an instant settlement platform that not only reduces own costs , but allows us to complete micro payouts and keep records unchanged!
What Is Cashbag Token Sale Platform?
The Cashbag Token Sale Platform a.k.a CashBag.co is a transactional cash back aggregator that rewards customers with cash back when they shop at participating merchants. The site launched publicly in 2016 and has 135,000 members and over 500 merchants. The purpose of the token sale is to enable instant settlement of cash back rewards by leveraging the Ethereum Blockchain for settlement. There are several distinct advantages to implementing ERC20 tokens for instant settlement, including lowered cost of operations, immutable record keeping and global reach and adoption.
The CashBag is creating the CBC Token (CashBagCoin) which is used to reward members for transacting through the platform and enable advertisers to instantly reward members for approved transactions. Customers earn the CBC tokens by engaging with advertising & transacting online. Advertising services are sold through the redemption of tokens. These tokens are earned by the members who transact with merchants through the platform. CashBag has developed its first generation CashBag Ledger Settlement platform and will implement & launch the customer wallet, tokenization of advertising and reward redemption this year.
THE TOKEN SALE & ISSUE
CashBag is conducting a Token Sale for advertisers & early adopters of the technology, issuing 120M tokens and intends selling tokens to the value of $15M with a maximum cap of $30M. CashBag will accept CBC tokens for CashBag advertising services at the minimum issue price of 0,000166666 ETH per token (6000 tokens / ETH). Utilizing blockchain transaction authentication & smart contracts CashBag will revolutionize its transactional capability, enable instant settlement, disrupt the market and speed up consumer mass adoption.
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 operates in multiple global markets having a roster of over 150 active advertisers, with more than 685 in the queue for integration. They expect to expand to include 2500 merchants by Q2 2018 as it enter more territories. The 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 it enters new markets.
The multi-currency wallet of the platform tracks shopping activity and cash back rewards across all supported currencies and allocates cash back to members in their base currency. Members can earn CashBag sponsored incentives based on their activity, transaction volume and social sharing of the platform.
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).
How CashBag earns revenue
CashBag has partnered with hundreds of global merchants and continues to new onboard traders on a daily basis. All these merchants agreed to share revenue based on transactional revenue generated by online CashBag buyers. Through our direct integration & network with merchants, we can report transactions in real-time and earn back money savings for our members.
WHY CONTRIBUTE ?
Our token sale is an opportunity for early adopters to patcipate in a crowdsale of redeemable tokens with a guaranteed advertising redemption value. After initial tokens issue is fully distributed no further tokens will be created and company will buy back tokens to issue as incentive rewards to members. CPC price will follow Hartwick Rule where through our bayback program the tokens will maintain liquidity and increase in value over times as more user enter the ecosystem. Due to scarcity nad the limited supply we anticipate that unit price of CBC will rise as demand,driven by member earnings, increase the prices.
CashBag will pay it's member incentives using an incentives ratio, currently 10:1 (one tenth dollar value equivalent in CBC to each dollar cash back earned). This incentives will be funded from profits and purchased on the open market.
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.
TOKEN MATTERS
CashBag operates in several global markets. We have a list of over 150 active advertisers, with over 685 standing in line for integration. We look forward to expanding to include 2,500 merchants in Q2 2018 as we enter more areas.
Members get cash rewards when shopping online at participating merchants. This cash prize is paid by the merchant and tracked by CashBag through the integration of our sales sales with each merchant. New members choose from a set of base currencies including USD, EUR, AUD, GBP, ZAR with support for more currencies added as we enter new markets.
Members can earn CashBag-sponsored incentives based on activity, transaction volume and social distribution of their platforms. By integrating our wallets into blockchain settlement, we have created a mechanism to speed up the settlement of cash back and incentivize our members by providing them with real-world backlinks that are tradable, redeemable and used across any ERC20 purse support partner.
Members may elect to receive their cashback in their real currency or convert at prevailing market prices to Token CashBag and save their deposits in eligible wallets of our ERC20. Similarly, they can dilute their Tokens CashBag and receive fiat payments in their original currency.
Trade Token
They can be traded freely, exchanged and sold. CashBag will honor the sale of token-issued goods for advertising services at discount rates guaranteed by smart contract rules.
These marks will be traded on many exchanges and as the Compulsory Token ERC20 can be stored in the appropriate wallet and used for purchase.
CBC Token Profile :
We will issue a total of 367,000,000 tokens. A maximum of 120,000,000 will be sold at 1 ETH:6000 tokens. ROWDSALE BONUS TOKENS TOKENS / ETH LIMIT START DATE
PRESALE 40% Bonus 1ETH: 8400 (2000ETH) Now Open
WEEK 1 20% Bonus 1ETH: 7200 12 March 2018
WEEK 2 15% Bonus 1ETH: 6900 19 March 2018
WEEK 3 10% Bonus 1ETH: 6600 26 March 2018
WEEK 4 NO BONUS 1ETH: 6000 2 April 2018
Cashbag Team
For More Details Visit:
Website: https://tokensale.cashbag.co/
Whitepaper: https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
Btalk ANN https://bitcointalk.org/index.php?topic=2311052.0
Telegram: https://t.me/CashBagToken
Published by: raflilasamara
BTC profil: https://bitcointalk.org/index.php?action=profile;u=1676550;sa=summary