Cashbag — The cash back cryptocurrency
Each person with a mobile phone carries more technology than what took astronauts to the moon. As well as revolutionizing the way that we live our lives, digital devices combined with e-commerce are also drastically changing the way that corporations are marketing to new customers.
E-commerce sales have increased drastically and are said to reach 4 trillion dollars in 2020. With such exponential growth, cash back services are also looking over and taking advantage. Companies like Quidco use a straightforward cashback marketing focusing on a revenue share model. With over 5,000 companies in its database, Quidco receives a commission for each sale made through it and pays a commission back to the customer. Companies choose to partner with publishers like Quidco rather than have their own cashback programs due to the large customer base and ease of access. But what if you introduce blockchain technology into the cashback market?
CashBag.co is a cashback and discount aggregator which lets the customers enjoy cashback and discounts for doing online transactions at thousands of participating merchants stores/ websites. Users can then cash out the cashback collected by CashBag into their linked PayPal or bank account. CashBag is not just a token for cashback. It is also used to pay for advertising on the CashBag website and apps. CashBag will be very useful for instant settlement and since it runs a smart contract on the blockchain, it is very secure and fast at the same time.
The CB token is an ERC20 token which runs on the Ethereum blockchain. It uses a smart contract which runs on the ETH blockchain for settlements. Smart contracts are stateless applications on the Ethereum blockchain.
Being an ERC20 token, the CB token will have its own wallet with the help of which users will be able to trade the tokens with each other. There will be many exchanges which will support the CB token which will provide liquidity to the tokens.
Why CashBag?
There are many cashback services out there. However what sets CashBag apart from the rest is the fact that it can be used as a basis for cashback and discount everywhere. There will not be the need for the customers to carry numerous reward cards. Instead, they can just use their CashBag account everywhere. Here are few features which makes CashBag different from its competitors.
• CashBag also allows users to pay for advertising fees on their website and app using CBC token itself.
• CashBag provides incentives to all its users. If the user transacts using CashBag then he will get a cashback. Currently, for every $1 cashback earned, the person will also receive 10% bonus.
• CashBag allows users to earn by interacting and sharing the advertisements.
• CBC will also have its own wallet for members to request/send CBC and pay for services on the platform.
• The token will be made tradable on many platforms. This will allow the token to be bought, sold and exchanged. This will bring in liquidity to the platform.
• The addition of linked visa/ MasterCard debit card will allow the CBC token to be used at real-world local vendors. Users can use the card to withdraw and use the cash at local merchants.
The CBC token makes it easy for sending and receiving tokens as it uses the ERC20 protocol, it is supported by any wallet that supports ERC20 protocol.
Conclusion
CashBag is a company which has their product online since 2015. They are not a new company who just want to capitalize on the whole blockchain mania and reap the gains. Their product is online since 2015 and they are now implementing the blockchain technology onto their platform. This is reassuring as we know that the company has been in this field for a while and are not a scam.
By using the blockchain and smart contract technology, CashBag will not only revolutionize its transaction capability but will also speed up mass consumer adoption.
Other details
WEBSITE: https://tokensale.cashbag.co/
WHITEPAPER: https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
TELEGRAM: http://t.me/cashbag
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