Cashbag: Token issue
Motivation behind THE TOKEN
The motivation behind the token deal is to empower moment settlement of money back prizes by utilizing the Ethereum Blockchain for settlement. There are a few unmistakable favorable circumstances to executing ERC20 tokens for moment settlement, including brought down cost of activities, permanent record keeping and worldwide reach and selection.
CashBag is making the CBC Token (CashBag Coin) which is utilized to remunerate part to transact through the stage and empower sponsors to in a flash reward individuals for endorsed exchanges.
Clients procure the CBC tokens by drawing in with promoting and exchange on the web. Publicizing administrations are sold through the recovery of tokens. These tokens are earned by the part who execute with dealers through the stage.
Have you known a Cryptocurency that Gives Cash Back for Your Purchases? This is about it. CashBag.co is a value-based money back aggregator that prizes clients with money back when they shop at partaking shippers. The site propelled freely in 2016 and has 135,000 part and more than 500 vendors.
Motivation behind Cash Back
The reason for the token deal is to empower moment settlement of money back prizes by utilizing the Ethereum Blockchain for settlement. There ar a few particular points of interest to actualizing ERC20 tokens for moment settlement, including brought down cost of tasks, unchanging record keeping and worldwide reach and selection. CashBag is making the CBC Token (CashBag Coin) which is utilized to compensate part to transact through the stage and empower promoters to in a flash reward individuals for affirmed exchanges. Clients procure the CBC tokens by drawing in with publicizing and exchange on the web. Publicizing administrations are sold through the reclamation of tokens. These tokens are earned by the part who execute with dealers through the stage.
Record Settlement
CashBag has built up its original Cashbag. Record settlement stage as portrayed in the whitepaper, and will execute and dispatch thecustomers wallet, tokenization of publicizing and reward reclamation in mid 2018.
CashBag Token Sale
CashBag is leading a Token Sale for promoting and early adopters of the innovation, issuing 120 million tokens and plans pitching tokens to the estimation of $15, illion with a most extreme top of $30 million. CashBag will acknowledge CBC tokens for CashBag promoting administrations at the base issue cost of 0,000166666 ETH per token (6000 token/ETH). Using blockchain exchange verification and brilliant contract CahBag will reform its value-based capacity, empower moment settlement, disturb the market and accelerate customer mass selections.
The token deal is an open door for early adopters to patcipate in a crowdsale of redeemable tokens with an ensured promoting recovery esteem. After beginning tokens issue is completely dispersed no further tokens will be made and friends will purchase back tokens to issue as motivation prizes to individuals. CPC cost will complete Hardwick Rule where our bayback program the tokens will keep up liquidity and increment in esteem over circumstances as more clients enter the biological system. Because of shortage nad the restricted supply we expect that unit cost of CBC will ascend as request, driven by part income, increment the costs. CashBag will pay its part motivations utilizing a motivators proportion, right now 10:1 (one tenth dollar esteem comparable in CBC to every dollar money back earned). These motivators will be subsidized from benefits and bought on the open market.
Token Distribution
Amid the presale sends Ethereum (ETH) to the presale deliver to secure your tokens and reward. Token will be assigned after the group deal is finished. Amid the crowdsale, token are bought by sending Ethereum (ETH) to the savvy contract address. Once got the shrewd contract will send tokens to your wallet. After group deal, CBC tokens might be recorded and exchanged on extra trades. Support for promoter reclamation and exchanging straightforwardly inside the CashBag stage will be included.
Group deal
The Sale Period will start on 12 March 2018 and proceed until the point when either 120,000,000 tokens are sold or 30 days from token dispatch. A brilliant contract will convey the tokens amid the token deal.
Token Sale
Investors of the organization don't get tokens as it is our position that we as of now advantage from the group deal through the cooperation of token purchasers. Continues from the Initial Token Sale will be used inside the organization to quicken improvement and development of the business.
How Do CashBag Coins (CBC) Work?
For what reason does CashBag need to display its own specific ERC20 tokens? The association expects to use tokens to accomplish the going with destinations:
Influence a steady difficulty and overall prizes to program for people
Give a direct, common, easy to-use structure for following prizes and wage
To make straightforwardness and obligation with steady, provoke execution
To dispense with cost and time
CBC tokens will similarly support the use of Ethereum splendid contracts on the CashBag organize. These sagacious contracts will be used to speak to all trades, making an invariable record of everything that occurs between merchants, CashBag, and customers. Customers can get their cashback in CBC tokens or in their neighborhood fiat cash. As said above, CashBag at display support genuine money related guidelines like EUR, USD, and AUD. If you get CBC tokens, by then you can store your speculation subsidizes in the CashBag ERC20-pleasant wallet.
What Can You Do With CashBag Coins (CBC)?
A part of the middle features of CashBag Coins include:
Plastic:
CashBag will make a VISA/MasterCard that can be associated with your CBC wallet, empowering you to spend your change wherever you can use a standard charge card.
Wallet Transactions:
You can perfectly send CBC to and from your wallet. You can trade it to various customers, store it as a whole deal theory, or offer it for other crypto and fiat financial gauges.
Pay for Advertising on CashBag:
Clients can pay for publicizing on the CashBag organize using CashBag Coins.
Gamification:
Individuals can pick up CBC tokens for interfacing with curetted substance and chronicles on the CashBag arrange.
In addition Token Sale
CashBag is issuing a total of 367,000,000 tokens. A most extraordinary of 120,000,000 will be sold in the midst of the ICO at a rate of 1 ETH = 6000 tokens. The pre-bargain is in advance all through January and February 2018. The principal token arrangement, then, is gotten ready 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 specialist starting at now filling in as CEO of Forge Media Investments Limited. He built up CashBag.co.za in July 2015, at first opening to online retailers across finished South Africa. Other key people from the gathering join Kristy Henderson (Co-Founder and Business Lead), Eugene Benade (Co-CTO and Software Development), Nicolas Venter (Co-CTO and Systems Engineering/Software Development), and Jonathan Mean well (CMO and Business Development/Advertiser Sales). As of January 2018, CashBag has a rundown of in excess of 150 dynamic promoters, nearby 700 more in the line for joining. The association wants to stretch out that once-over to 2500 merchants by Q2 2018 as they continue entering new areas. The association has 135,000 people. They intend to create to 10 million customers in three years. A bit of the best merchants starting at now working with CashBag consolidate Best Buy, Booking.com, AliExpress, EBay, Group on, Hotels.com, Target, and anything is possible from that point.
CashBag CBC ICO Conclusion
CashBag CBC is a powerful South Africa-based cash rewards business that plans to return more exchange out the hands of clients. The stage has reached out to fuse 150 dynamic patrons with 135,000 people far and wide. By moving a decent token arrangement for ERC20 tokens called CBCs, the association might want to continue developing far and wide. CBC tokens will be used as a steady portion system on the stage — including portions for advertisements on the stage.
ETH Address: 0x1f770746342Bbd9D5Ce433D97C531273f13E5980
Profile Address: https://bitcointalk.org/index.php?action=profile;u=1132170
