CASHBAG
CashBag.co is a transactional cash back aggregator that rewards customers with cash back when they shop at patcipating merchants. The site launched publicly in 2016 and has 135,000 member and over 500 merchants.
PURPOSE OF THE TOKEN
The purpose of the token sale is to enable instant settlement of cash back rewards by leveraging the Ethereum Blockchain for settlement. There ar several distinct advantages to implementing ERC20 tokens for instant settlement, including lowered cost of operations, immutable record keeping and global reach and adoption.
CashBag is creating the CBC Token (CashBag Coin) which is used to reward member for transacting through the platform and enable advertisers to instantly rewards members for apporoved transactions.
Customers earn the CBC tokens by engaging with advertising and transaction online. Advertising services are sold through the redemption of tokens. These tokens are earned by the member who transact with merchants through the platform.
CASHBAG LEDGER SETTLEMENT
CashBag has developed its first generation Cashbag. Ledger settlment platform as described in the whitepaper, and will implement and launch thecustomers wallet, tokenization of advertising and reward redemption in early 2018.
THE TOKEN SALE
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.
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.
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
WEB | WHITEPAPER | FACEBOOK | TWITTER | TELEGRAM
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written by: kofoadams
https://bitcointalk.org/index.php?action=profile;u=1150005