CASHBAG: THE CASH BACK CRYPTOCURRENCY

Cryptocurrency usage has grown in recent times so much more that more and more people and organizations have adopted it for all kinds of transactions. Before now, transactions were mainly done with fiat money which is money regulated and controlled by government and banks and this means has always had transparency challenge but with the introduction of cryptocurrency using blockchain technology, transparency issue has been fully resolved. This is one of the reasons why people love and prefer the use of cryptocurrency and has resulted in its massive adopting in almost all parts of the economy.
The e-commerce market is not left out in the use cryptocurrency, with online shopping being on the increase on a daily basis. Companies are accepting cryptocurrency as a legitimate source of funds, giving customers privilege to buy their online products with cryptocurrency. This has made online shopping a lot easier and faster as customers can now buy and pay for products at the convenience of their home, office, school etc. But what if one could get paid for buying products? That is sure like having a double offer in one go and you can never get tired of shopping when you can also make it a source/means of getting extra income. This is like getting back money that was initially spent. Sure there is no better deal than this. A team of expert came up with this great, unique and first of its kind idea called CASHBAG.
CASHBAG is a transactional cash back aggregator which gives consumers an opportunity to secure discounts and cash back for shopping and transacting online at thousands of participating global merchants. For every 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 lined ban or PayPal accounts. CASHBAG has a token through which a feature rich environment will be added to its platform, including an ERC20 compliant wallet that will enable features like fiat/token conversion, advertising purchases, member rewards accumulation and redemption, instant transfers and the ability for members to transact both within CashBag and with any other ERC20 compliant wallet. Cashbag has an Android Application and a Desktop Helper App (Safari Chrome) which once installed automatically alerts consumers to savings when shopping online.

THE CASHBAG AIM
To create a single, stable platform through which we could harmonize our reward issues, track our member token allocation and ensure transparency and accountability with seamless immediate execution.

BENEFITS OF CASHBAG
• Members can opt to receive their CashBag in their native currency or convert at ruling market price to CashBag tokens and store their savings in our ERC20 compliant wallet.
• Members earn cash rewards when shopping online at participating merchants.
• They can earn CashBag sponsored incentives based on their activity, transaction volume and social sharing on the platform.

CASHBAG MARKETPLACE
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 the second quarter of 2018 as we enter more territories. Launched in the South African market and rapidly gained traction, growing to 135,000 members within months. The next step is to add multi-currency support including US$, GBP, EUR AND AUD with more currencies following.

TOKEN USE
The CashBagtoken (CASHBAGCOINS) can be used for the following
• Merchants and advertisers offering services and products on CashBag can pay their advertising fees using CBC.
• The wallet is ERC20 compliant so funds can be transferred out of our ecosystem and used in other wallets.
• The addition of a lined 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 funding.
• The token can be used to send tokens to CashBag members or make payments through smart contracts initiated by users on the CashBag platform and beyond.
• The token can be freely traded, exchanged and sold.
• It can be used to buy advertising inventory

CASHBAG TOKEN TECHNOLOGY
The CashBag Token (CBC), a token based on Ethereum, is an important element of our marketplace. Ethereum is an open source, blockchain-based, distributed computing platform oriented towards smart contracts. Effectively, Ethereum is a distributed virtual machine that allows end users to construct smart contracts for transactions, smart contracts are stateful applications stored in the Ethereum blockchain. These contracts are cryptographically secure and can verify or enforce performances of the contract. Token contracts are a standard feature of the Ethreum ecosystem.

CASHBAG ICO DETAILS
ICO starts: 12th March 2018
ICO ends: 09th April 2018
ICO Token Supply: 120,000,000
Hard cap: 30,000,000USD
Token Price in ETH: 1 token = 0.000166ETH
TOKEN DETAIL
TOKEN: CASHBAGCOIN (CBC)
Token Standard: ERC20
Accepted Currencies: ETH
BONUS PROGRAM
Presale: 40% Bonus 1ETH 8400 (2000ETH) TBA
Week 1: 20% Bonus 1ETH 7200 12th March 2018
Week 2: 15% Bonus 1ETH 6900 19th March 2018
Week 3: 10% Bonus 1ETH 6600 26th March 2018
Week 4: NO BONUS 1ETH 6000 02nd April 2018

CASHBAG TOKEN DISTRIBUTION
Initial token sale: 120,000,000
CashBag Member Incentives: 170,000,000
Token Sale Costs: 12,000,000
Liquidity Reserve: 65,000,000
367,000,000 CBC tokens will be created. No additional tokens will ever be created.

CASHBAG TOKEN ALLOCATION
Software Development: 36%
Sales& marketing: 32%
Operations: 11%
Legal: 9%
Reserve Fund: 12%

CASHBAG ROADMAP
2014-2015: Core CashBag.co Application Development and Alpha MVP, BizDev secures initial +100 merchant partners, Beta development & live site launch.
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 from expansion marketing plans, Android App Launch, Merchant base growth to +500, User adoption growth to 130,000 members, Scaling 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: Advertising Transactional Advertising & Member Wallet Integration, Launch Advertiser Self Service Portal including wallet enabling token0to0advertising transaction processing and currency = CB swaps through smart contracts, Launch expanded member interface showing token value, 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: Target 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 Dbit Card, Launch lined Deit 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 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 Communications & Messaging
Maggie Benson- User Experience & Front End Design
Ryan MacGeoghan-Analytics And Data Science
Marc Kenigsberg-External Advisor
BoyanJosic-External Advisor

CONCLUSION
CashBag is 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 tracktheir rewards and earnings. What are you waiting for start shopping and start earning.Follow us on any of the links below for more information.
Website: https://tokensale.cashbag.co/
Whitepaper: https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
Twitter: https://twitter.com/CashBagco
Facebook: https://www.facebook.com/Cashbag.co/
Telegram: http://t.me/cashbag
LinkedIn:https://www.linkedin.com/company/cashbag.co.za/
ANN Thread:https://bitcointalk.org/index.php?topic=2311052.0
Published by: teejayrichard
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1265803
Ethereum wallet address: 0x937fe2c8bd616344a9Be33fDEC04D6F15f53c20F