CashBag ICO-The Best Cryptocurency that Cash Back When Shopping

Have you known a Cryptocurency that Gives Cash Back for Your Purchases? This is about it. 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 Cash Back
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.
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.
CashBag 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.

The 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.
Crowd sale
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
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.
How Do CashBag Coins (CBC) Work?
For what reason does CashBag need to present its own particular ERC20 tokens? The organization intends to utilize tokens to achieve the accompanying objectives:
Make a consistent ordeal and worldwide prizes program for individuals
Give a straightforward, natural, simple to-utilize framework for following prizes and income
To make straightforwardness and responsibility with consistent, prompt execution
To eliminate cost and time

CBC tokens will likewise encourage the utilization of Ethereum brilliant contracts on the CashBag stage. These savvy contracts will be utilized to represent all exchanges, making a changeless record of everything that happens between traders, CashBag, and clients. Clients can get their cashback in CBC tokens or in their neighborhood fiat money. As said above, CashBag at present backings real monetary standards like EUR, USD, and AUD. In the event that you get CBC tokens, at that point you can store your investment funds in the CashBag ERC20-agreeable wallet.

What Can You Do With CashBag Coins (CBC)?
A portion of the center highlights of CashBag Coins include:

Plastic:
CashBag will make a VISA/MasterCard that can be connected to your CBC wallet, enabling you to spend your adjust anyplace you can utilize a customary charge card.
Wallet Transactions:
You can flawlessly send CBC to and from your wallet. You can exchange it to different clients, store it as a long haul speculation, or offer it for other crypto and fiat monetary standards.
Pay for Advertising on CashBag:
Users can pay for publicizing on the CashBag stage utilizing CashBag Coins.
Gamification:
Members can gain CBC tokens for connecting with curated substance and recordings on the CashBag stage.
Moreover-Token Sale
CashBag is issuing an aggregate of 367,000,000 tokens. A most extreme of 120,000,000 will be sold amid the ICO at a rate of 1 ETH = 6000 tokens. The pre-deal is in progress all through January and February 2018. The fundamental token deal, in the interim, is planned for March 12 to April 2, 2018.
Who’s Behind CashBag CBC?
CashBag is driven by prime supporter and CEO Jonathan Miller, a South Africa-based business person as of now filling in as CEO of Forge Media Investments Limited. He helped to establish CashBag.co.za in July 2015, at first opening to online retailers crosswise over South Africa. Other key individuals from the group incorporate Kirsty Henderson (Co-Founder and Business Lead), Eugene Benade (Co-CTO and Software Development), Nicolaas Venter (Co-CTO and Systems Engineering/Software Development), and Jonathan Meanwell (CMO and Business Development/Advertiser Sales). As of January 2018, CashBag has a list of more than 150 dynamic promoters, alongside 700 more in the line for joining. The organization hopes to extend that rundown to 2500 vendors by Q2 2018 as they keep on entering new domains. The organization has 135,000 individuals. They mean to develop to 10 million clients in three years. A portion of the best vendors as of now working with CashBag incorporate Best Buy, Booking.com, AliExpress, Ebay, Groupon, Hotels.com, Target, and the sky is the limit from there.

CashBag CBC ICO Conclusion
CashBag CBC is an effective South Africa-based money rewards business that intends to return more trade out the hands of customers. The stage has extended to incorporate 150 dynamic sponsors with 135,000 individuals around the world. By propelling a good token deal for ERC20 tokens called CBCs, the organization would like to keep growing around the world. CBC tokens will be utilized as a consistent installment technique on the stage — including installments for ads on the stage.

Official Links for More Details
Official Web : https://tokensale.cashbag.co/
Whitepaper : https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
Telegram : https://t.me/CashBagToken

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