CashBag.co-The CashBag Cryptocurrency
We all love Cashbacks in our day to day live either it is a kind of assured return or an discount on our spending on financial instrument like credit cards or it can in the form of discount on our purchase on online merchants.
Most of the Cashback are promoted by mutual partnership between the banks and merchants to offer to the consumers to enable them to get the most value on their investment or purchase.People are so obsessed with Cashback at times they specifically wait for that time of the year when cashback offers are floated by merchants and banking partners so that they can get most of the benefits from their limited resources in this case is their money.
With the advent of Block chain and Currencies these sphere of the economy is about to get disrupted let me take the pleasure to introduce to CashBag.co which 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 has developed its first generation CashBag Ledger Settlement platform as described in the whitepaper, and will implement & launch the customer wallet, tokenization of advertising and reward redemption in early 2018.
CashBag is creating the CBC Token (CashBagCoin) which is used to reward members for transacting through the platform and enable advertisers to instantly reward members for approved transactions.
Customers earn the CBC tokens by engaging with advertising & transacting online. Advertising services are sold through the redemption of tokens. These tokens are earned by the members who transact with merchants through the platform.
CashBag is conducting a Token Sale for advertisers & early adopters of the technology, issuing 120M tokens and intends selling tokens to the value of $15M with a maximum cap of $30M. CashBag will accept CBC tokens for CashBag advertising services at the minimum issue price of 0,000166666 ETH per token (6000 tokens / ETH). Utilizing blockchain transaction authentication & smart contracts CashBag will revolutionize its transactional capability, enable instant settlement, disrupt the market and speed up consumer mass adoption.
You can learn more about CashBag here on their Website-
For more elaborate understanding refer their whitepaper.
https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf