CASHBAG: A Real Money Saver

What is CashBag?
CashBag describes itself as “the cash back cryptocurrency.” It’s like a rewards program that helps savvy shoppers save money.
The goal of CashBag is to allow shoppers to save money on virtually any online purchase. Today, the platform is used by active online shoppers, businesses, and anyone interested in saving money when shopping online. The platform originally launched in South Africa in 2015, but has expanded to a userbase of 135,000 customers worldwide.
Today, top merchants using the platform include AliExpress, Ebay, Target, Hotels.com, and Booking.com.
You can download CashBag today as an Android app or as a desktop helper app (for Firefox, Safari, and Chrome). Once it’s installed, the app will automatically alert consumers when they can save money online.
The token sale for CashBag tokens begins on March 12, 2018. CashBag is launching its own ERC20 tokens to facilitate cost-effective and an immutable blockchain-based transaction record. The platform’s tokens are called CashBag Coins, or CBC.
How Does CashBag Work?
CashBag describes itself as “more than just a rewards website.” Instead, it’s “a tool” that helps shoppers save money on virtually every online purchase. You can download the app today and start shopping on Android or desktop systems. An iOS app is launching in the near future.
CashBag earns revenue by partnering with hundreds of merchants worldwide. These merchants all agree to share revenue based on transaction income generated by CashBag online shoppers. By directly integrating with retailers, CashBag is able to report transactions in real time, giving instant cashback savings to its members.
As a user, you earn cash reward when shopping online at participating merchants. These cash rewards are paid by the merchant and tracked by CashBag through its sales integration system with each merchant.
New members can choose to receive their reward in currencies like USD, EUR, AUD, GBP, and ZAR, with support for more fiat currencies coming in the future.
In addition, members can earn CashBag sponsored incentives based on their activity, transaction volume, and social sharing efforts.
How Do CashBag Coins (CBC) Work?
Why does CashBag need to introduce its own ERC20 tokens? The company plans to use tokens to accomplish the following goals:
• Create a seamless experience and global rewards program for members
• Provide a simple, intuitive, easy-to-use system for tracking rewards and earnings
• To create transparency and accountability with seamless, immediate execution
• To cut down on cost and time
CBC tokens will also facilitate the use of Ethereum smart contracts on the CashBag platform. These smart contracts will be used to govern all transactions, creating an immutable record of everything that takes place between merchants, CashBag, and users.
Users can choose to receive their cashback in CBC tokens or in their local fiat currency. As mentioned above, CashBag currently supports major currencies like EUR, USD, and AUD.
If you choose to receive CBC tokens, then you can store your savings in the CashBag ERC20-compliant wallet.
What Can You Do With CashBag Coins (CBC)?
Some of the core features of CashBag Coins include:
• Debit Card: CashBag will create a VISA/MasterCard that can be linked to your CBC wallet, allowing you to spend your balance anywhere you can use an ordinary credit card.
• Wallet Transactions: You can seamlessly send CBC to and from your wallet. You can trade it to other users, store it as a long-term investment, or sell it for other crypto and fiat currencies.
• Pay for Advertising on CashBag: Users can pay for advertising on the CashBag platform using CashBag Coins.
• Gasification: Members can earn CBC tokens for interacting with curetted content and videos on the CashBag platform.
About the project
This is obviously a successful undertaking which plans to expand its reach through an ICO. This is a transactional aggregator for cash back which enables different consumers to get comprehensive discounts as well as cash back when they shop and transact online. With this said, it is important to note that this happens through the participation in a network of thousands of merchants and users throughout the entire world.
The main intention of the ICO is to enable the platform to add a feature rich environment to its currently existing capabilities. This includes a wallet which is ERC20 compliant and it is going to enable certain possibilities such as token conversion, purchases of advertising, member rewards as well as instant transfers and others of the kind.
The usage of blockchain-based technologies is going to make the entire thing incredibly quick and reliable and, most important – secure. Furthermore, it would allow the platform to scale with the substantial establishment of blockchain-based assets on the market. This is something worth accounting for.
Through the usage of smart contracts, the platform is going to completely revolutionize the overall transactional capabilities and enable possibilities for instantaneous settlements as well as market disruptions at rates which are never before seen. It is going to prep the CashBag platform for mass adoption in a convenient and secure manner.

ETH Address: 0x1f770746342Bbd9D5Ce433D97C531273f13E5980
Profile Address: https://bitcointalk.org/index.php?action=profile;u=1132170