CASHBAG: E-COMMERCE MADE EASY AND REWARDING

CashBag is a platform that makes it possible for its members to get cash back from each concluded online transaction. Retail e-commerce is expected to grow from a value of $1.095 trillion in 2016 to $4.058 trillion in the year 2020. Also, cryptocurrency market capitalization in total have grown $160 billion as of October 2017, and Bitcoin and Ethereum cryptocurrency wallets alone are over 31 million. CashBag thinks more can be given to customers as reward and as such has created CashBag.co.
CashBag.co 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. With CashBag, for every concluded transaction, CashBag members get cash back. This cash is collected by CashBag from the participating merchant, sent to the member’s wallet, and paid out in Fiat money via PayPal or any linked bank account. CashBag has the ability to report transactions in real-time through its direct and network integrations with its associated merchants.
It should be noted, however, that CashBag is not just a rewards website but a tool that enable shoppers to save by earning cash back and discounts on purchases online. CashBag can be used by shoppers, businesses, or anyone that is looking to save from their online shopping activities.
CashBag will achieve its objectives through the issuance of its token, and a wallet that is ERC20 compliant that enables fiat and token conversion. There will also be advertising purchased and members can accumulate their rewards to be redeemed later. CashBag members can also transact outside of CashBag.co with other ERC20 compliant wallets, with instant transfer guaranteed.
CashBag is, on a daily basis, onboarding new merchants and will continue to do so. There is also Desktop & Mobile CashBag that has an Android and Desktop Helper app which automatically alerts consumers to savings when carrying out online shopping, once installed. Consumers can browse and search for products with ease via the Android app. CashBag gained 135,000 members within a few months after its launch in the South African market. This has prompted it to delve into other markets as well as incorporate currencies like the USD, EUR, AUD, GBP, etc.

CASHBAG ECOSYSTEM
CashBag records transactions using its beacons and in-store/web tracking technologies that are linked to the website and point-of-sale advertiser via the CashBag integrated solution that tracks transactions in real time. Payments are done via Smart Contracts for transactional & advertising fees.

CASHBAG TOKEN (CBC) AND ITS USES
The CashBag token is ERC20 compliant on the Ethereum blockchain. CashBag Tokens (CBC - CashBagCoins) can be used to store or transmit value for services carried out within the CashBag ecosystem. Some other uses are:
• Earned as incentives
• Gamification/Rewards
• To pay for advertising on CashBag
• Debit card
• For sending and making payments
• The tokens can also be traded

ICO DETAILS
Token symbol: CBC
Total supply: 367 million CBC
Tokens for sale: 120 million
Price: 1 ETH to 6000 CBC

BONUS SCHEDULE
Pre-Sale: 40% Bonus
Pre-Sale price: 1ETH: 8400 (2000ETH)
Week 1 (12th March, 2018)
Week 1 price: 1ETH: 7200
Week 1 bonus: 20%
Week 2 (19th March, 2018)
Week 2 price: 1ETH: 6900
Week 2 bonus: 15%
Week 3 (26th March, 2018)
Week 3 price: 1ETH: 6600
Week 3 bonus: 10%
Week 4 (2nd April, 2018)
Week 4 price: 1ETH: 6000
Week 4 bonus: 0%

TOKEN DISTRIBUTION

360 million CBC tokens will be created. Of the 60 million:
• 120 million will be used in the Initial Token Sale
• 170 million will be used for CashBag Member Incentives
• 12 million is the Token Sale Cost
• 65 million is for Liquidity Reserve

USE OF FUNDS

• 12% - Reserve Fund
• 9% - Legal
• 11% - Operations
• 32% - Sales & Marketing
• 36% - Software Development

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 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
• Token economics 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 the US market, with other markets to follow.
Beyond Q2 2019
• 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 P2P 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 members everyday life.

TEAM

Jonathan Miller – CEO / Co-Founder
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
Marc Kenigsberg – External Advisor
Ryan MacGeoghan – Analytics and Data Science
Maggie Benson – UX & Front-End Design

CASHBAG PARTNER MERCHANTS

CashBag is obviously unbeatable in its propositions. I, therefore, urge everyone to become a part of this project.
Feel free to click on any of the following links for more details about CashBag.
Website: https://tokensale.cashbag.co/
ANN thread: https://bitcointalk.org/index.php?topic=2311052.0
Whitepaper: https://tokensale.cashbag.co/documents/CB_Token_Sale_Whitepaper.pdf
Facebook: https://www.facebook.com/Cashbag.co/
Twitter: https://twitter.com/CashBagco
Telegram: https://t.me/cashbag

Published by: charleyles
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1344011
Ethereum wallet address: 0x69C516900e939e97C7c60Ca59bdaF15295556838