CASHBAG: THE CASH BACK CRYPTOCURRENCY

Retail ecommerce sales will increase from $1trillion in 2016 to $4trillion in 2020, making up 14.6% of total retail spending in that year. Unique cryptocurrency wallet user base has grown to over 5.8Million unique users in 2017, excluding wallets held in exchanges which may contribute even higher numbers. Between Bitcoin and Ethereum alone there are over 31 Million unique wallets and the total cryptocurrency market capitalization exceeded $160 Billion in October 2017. But the problem with most of the cash back most exchanges offers is the high rate of the cut. The bank fee, for a starter, will reduce your money. From $5, it is possible that you only get $4.5 or even only $4 because the 50 cents or $1 will be cut for the bank fee. And let’s not forget the complication of redeeming the cash back card or ticket. Some merchants may not accept the tickets. Some merchants may require the complicated and long process to redeem the cash back. All of those hassles don’t seem to worth the efforts. CASHBAG is a transactional cash back aggregator that enables consumers to secure discounts and cash back for shopping and transacting online at thousands of participating global merchants. For each transaction concluded CASHBAG members earn cash back which is collected by CASHBAG from the participating merchant, accrued to the member wallet and paid out in fiat to linked bank or PayPal accounts.
CASHBAG 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.

CASHBAG PLATFORM
The CASHBAG platform has set out to create a more seamless experience for our members, enabling them to earn rewards globally from thousands of participating merchants using our simple and intuitive website, coupled with an easy to use interface to track their rewards and earnings. The internal objective was to create a single, stable platform through which people could harmonize the reward issues, track member token allocation and ensure transparency and accountability with seamless immediate execution. The cashbag team identified Ethereum and its unique ability to leverage blockchain smart contracts would cut down on the cost and time of authenticating transactions and clearing funds to the cashbag member accounts. Furthermore, through token issue the cashbag platform wanted their initial backers to securely purchase redeemable tokens. These tokens may be redeemed through smart contracts for advertising services on CashBag, at the purchase face value, or may be traded.

TOKEN DETAILS AND DISTRIBUTION
CASHBAG will issue a total of 367,000,000 tokens. A maximum of 120,000,000 will be sold at 1 ETH: 6000 tokens.
During the presale send Ethereum (ETH) to the presale address to secure your tokens and bonus. Tokens will be allocated after the crowdsale is completed. During the crowdsale, tokens are purchased by sending Ethereum (ETH) to the smart contract address. Once received the smart contract will send tokens to your wallet. Support for advertiser redemption & trading directly within the CASHBAG platform will also be added.

• Presale – 40%
• Week 1 – 20%
• Week 2- 15%
• Week 3 – 10%
• Week 4 – No bonus

TOTAL NUMBER OF CBC TOKEN
Initial token sale – 120 000 000
CASHBAG member incentives – 170 000 000
Token sale costs – 12 000 000
Liquidity Reserve – 65 000 000

USE OF CROWDSALE FUNDS
Software Development – 36%
Sales and Marketing – 32%
Operations – 11%
Legal – 9%
Reserve Funds – 12%

CASHBAG ROADMAP

2014-2015
• Core CashBag.co Application Development and Alpha MVP
• BizDev secures initial +100 merchant partners
• Beta development & live site launch.
• CASHBAG Soft Launch South Africa

2016
• CASHBAG Soft Launch South Africa
• Organic growth to 180 merchants
• Development Continues
• Platform supporting Multicurrency Wallet Development
• Desktop toolbar Development

Q1-Q3 2017
• Stage 1 Targeted Customer Acquisition (EMEA / USA / APAC)
• Investigate high yield focus markets for expansion marketing plan.
• Android App Launch
• Merchant base growth to +500
• User adoption growth to 130,000 members
• Scale staffing, systems and business processes
• Planning for product evolution to decentralized architecture and blockchain implementation.
• Tokenonomics finalization & implementation research.
• Build MVP advertiser smart contracts.

Q4 2017
• Token sale architecture & smart contract development including token buyer/ member wallet launch.

Q1 2018
• Advertiser Transactional Advertising & Member Wallet Integration
• Launch Advertiser Self Service Portal including wallet enabling token-to-advertising transaction processing and currency = CB swaps through smart contracts.
• Launch expanded member interface showing token values, cash and cash equivalent values and tools for executing swaps, redemptions and withdrawals.

Q2 2018
• MarketPlace & Core Market Expansion
• Launch CashBag marketplace, integrating merchant data feeds with 150,000 distinct products.
• Launch AI Natural Language UX independent shopping assistant
• Stage 2 Targeted Customer Acquisition (EMEA / AUS / NZ)

Q3 2018
• Native Ad Engine
• Launch ad engine including audience targeting, ad creation and redemption of CBC for advertising spend using smart contracts to execute advertising buys on the platform
• Stage 3 Targeted Customer Acquisition (US / CA)

Q2 2019
• Launch Debit Card
• Launch linked Debit Card in US Market, with other markets to follow

Beyond
• Extend marketplace to enable members to list and sell their own goods in a secure, high trust environment using smart contracts to execute and guarantee transactions and delivery.
• Add Social Tools, enabling direct peer-to-peer (member-to-member) communication & transactions, including gamification elements to drive adoption, usage and social sharing of the platform, merchants and products featured on it.
• As CASHBAG evolves we envision the service becoming an invaluable and trusted part of member’s everyday life.

CASHBAG 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
• Marc Kenigsberg - EXTERNAL ADVISOR
• Boyan Josic - EXTERNAL ADVISOR

There are some benefits that you can enjoy from this platform. First of all, there won’t be any bank fee or any extra charge or that might be incurred in the process of transaction, so your cash back offer will be intact. Second, CASHBAG will be the third party that automatically manages the cash back, so everything is fair and square. So the question, “is CASHBAG is good investment”? Well, given the infrastructural basis and transparency on which this platform is built, I personally believe it is the investment for anyone who likes shopping and would want to save extra cash in the process of purchase. This is a great opportunity for everyone to be involved in. For more information about CASHBAG and the services they offer, click on any of the link below. CASHBAG is the platform for the future.

Website: https://tokensale.cashbag.co/
Whitepaper: https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
Facebook: https://www.facebook.com/Cashbag.co/
Telegram: http://t.me/cashbag
Twitter: https://twitter.com/CashBagco
Bitcointalk: https://bitcointalk.org/index.php?topic=2311052.0
Ann thread: https://bitcointalk.org/index.php?topic=2311052.0

Bitcointalk name: Tszone
Bitcointalk org: https://bitcointalk.org/index.php?action=profile;u=1742409
Ethereum wallet: 0x684c9d1c004AB2023E1d3ae9aEb902B514B703d1