The blockchain platform for instant settlement and micropayments of cash back rewards.
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 save 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.
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!
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 a 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.
BUSINESS CASE
**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 TOKENS TO BUY ADVERTISING INVENTORY PRODUCT
*STORE LISTINGS
*IN APP & WEB CPC ADVERTISING
*LOCATION BASED ADVERTISING
**Consumer
To ensure mainstream adoption we intend growing our member base from our current 135,000 members to +10M users in 36 months.
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.
A SHORT OVERVIEW OF CASHBAG
PAY FOR ADVERTISING ON CASHBAG
Merchants and advertisers offering services and products on CashBag can pay their advertising fees using the token.
Advertising is paid in local currency and through the token sale early adopters are guaranteed their US$ equivalent token value in advertising services in their local market.
As token value increases any redemptions will be valued at current market prices, effectively guaranteeing a discounted rate on advertising in the platform for early crowd sale adopters.
EARNING INCENTIVES & REWARDS
CashBag members earn tokens 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 who choose to opt-in may earn tokens for acting on and sharing curated content and interesting information 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.
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 may trade on multiple exchanges and as an ERC20 compliant token may be stored in any compliant wallet and used for purchases.
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.
SENDING MONEY / MAKING PAYMENTS
The token can be used to send money 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.
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.
THE MEMBER HAS THE OPTION TO RECEIVE PAYOUTS IN:
All in Fiat (CBC will be immediately traded and cash equivalent held in their CashBag account until payout)
CashBag rewards in FIAT and incentives in CBC Tokens All in CBC Tokens.
-------------------------------------------------------------------------------------------------------------------------------
PreSale Has Ended Successfully. Week 1 of ICO Stage is Currently Running with 20% BONUS.
-------------------------------------------------------------------------------------------------------------------------------
Website: https://tokensale.cashbag.co
Ann Thread: https://bitcointalk.org/index.php?topic=2311052.0
Whitepaper: https://tokensale.cashbag.co/d…/CB_Token_Sale_Whitepaper.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=2864755.0
Facebook: https://www.facebook.com/Cashbag.co
Twitter: https://twitter.com/CashBagco
Telegram: http://t.me/cashbag
Linkedin: https://www.linkedin.com/company/cashbag.co.za
