CashBag.co — ICO Review

Galih Arisuta

CashBag — a transactional cash back aggregator

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. For each transaction concluded CashBag members earn cash back which is collected by CashBag from the participating merchant, accrued to the member wallet and paid out in fiat to linked bank or PayPal accounts.

CashBag will through this token issue add a feature rich environment to its platform, including an ERC20 compliant wallet which will enable features such as fiat / token conversion, advertising purchases, member rewards accumulation and redemption, instant transfers and the ability for members to transact both within CashBag and with any other ERC20 compliant wallet. Ethereum underpinning technologies enable CashBag to empower its members to own, earn and trade tokens without requiring them to understand any of the underlying infrastructure. This will drive up adoption and use of the token, increase market liquidity and enable tradability.

Benefit Of Cashbag :

Secure platfrom for Shopping
Easy Featrues for purchase order
Simply payment because use any payment like crypto, paypal and banking.

CashBag ecosystem :

Transactions are recorded using our proprietary beacons and web / instore tracking technologies linked to the advertiser Website and Point-Of-Sale. advertiser utilizing our existing real-time transactional tracking solution which is integrated to our ecosystem, Payment will be effected through smart contracts for Transactional & Advertising fees.

How Cashback Works?

Well, it is as simple as downloading their app into your cell phone or getting the desktop version for your personal computers and laptops. As soon as this step is completed, you will be notified and the process will be activated. You start getting rewards on every purchase you will make online. It is as easy as that.

You might be thinking what’s in it for Cashback, right? Or how Cashback manages to do all of this for the consumers. It is actually the contract that Cashback has with thousands of merchants worldwide. This contract enables the Cashback team to generate coupons that work as a reward when a consumer trades with those particular merchants. Every successful transaction results in rewards and the Cashback Apps are there for the management and reporting of your total savings.

The app works purely for the consumers and there is no reason for not using it or not liking it, perhaps the app is one of the finest innovative ideas of this year. If you are looking to avail the opportunity, just go to the Cashbag.co and sign up.

PLATFORM CASHBAG DESKTOP AND MOBILE

CashBag has Android Apps Apps and Desktop Helper (Firefox Safari Chrome) that once installed automatically remind consumers of savings when shopping online. This site is optimized for mobile and our Android App (iOS launch, Q4) allows consumers to search and search for products and services on the go.

CashBag was launched in the South African market and quickly gained traction, growing to 135,000 members in a few months. The next step is to expand into multiple markets and add multi currency support including U $$, GBP, EUR and AUD with more of the following currencies.

PURPOSE OF TOKEN CASHBAG (CBC)

The purpose of selling cbc tokens is to enable instant settlement of prize money back by utilizing the Etaceum Block for completion. There are several distinct advantages to implementing an ERC20 token for instant settlement, including lower operating costs, unfettered global logging and achievement. CashBag creates a CBC Token (CashBagCoin) that is used to reward members for trading through the platform and allows advertisers to instantly reward members for approved transactions. Customers get a CBC token by engaging in advertising and transacting online. Advertising services are sold through token redemption. This evidence is obtained by members who transact with merchants through the platform.

TOKEN TECHNOLOGY

The CashBag Token (CBC), a token based on Ethereum, is an important element of their marketplace. Ethereum is an open source, blockchain-based, distributed computing platform oriented towards smart contracts. Effectively, Ethereum is a distributed virtual machine that allows end users to construct smart contracts for transactions. Smart contracts are stateful applications stored in the Ethereum blockchain. These contracts are cryptographically secure and can verify or enforce performance of the contract. Token contracts are a standard feature of the Ethereum ecosystem.

CashBag Advertiser Business

These tokens can be used to purchase ad inventory in CashBag by redeeming them through the advertiser interface. These tokens are transferred through smart contracts in return for advertising services and services delivered through the platform. During the initial token sale, the minimum redemption price will be guaranteed through smart contracts, so the tokens can be redeemed with upcoming advertising for up to 48 months, at the issue price.

Ad inventory is available in various formats including but not limited to Product List; List of Merchant Stores; Show ads; Location Based Advertising; Coupon Redemption.
These advertisers integrate their Ecommerce or Physical Point-Of-Sale solutions in stores to credit members who purchase using member referral links (previously coded to identify members), unique identification or related debit cards. Advertisers will mostly use CBC to pay for transactional advertising, commissions and sales discounts generated as well as advertising space of promotions, bulletins and incentives to members.
Traders can reach members who approve targeted ads, relevant to their needs, interests and prolife needs. Direct ad recipients get CBCs to view and act on those ads, which effectively encourage engagement and reward members for their concerns. Members may change their interests, opt out of the entire ad or by category, interest or advertiser, mute ads for a given period or combination.
Merchants can reach members who accept geo-lined notifications delivered via mobile devices, according to their interests and needs. Ad recipients get CBC to watch and work on advertising, which effectively increases engagement, rewards members for their attention and actions. Members may change their interests, opt out of the entire ad or by category, interest or advertiser, mute ads for a given period or combination.

CBC Token Profile :

We will issue a total of 367,000,000 tokens. A maximum of 120,000,000 will be sold at 1 ETH:6000 tokens. ROWDSALE BONUS TOKENS TOKENS / ETH LIMIT START DATE

PRESALE 40% Bonus 1ETH: 8400 (2000ETH) Now Open

WEEK 1 20% Bonus 1ETH: 7200 12 March 2018

WEEK 2 15% Bonus 1ETH: 6900 19 March 2018

WEEK 3 10% Bonus 1ETH: 6600 26 March 2018

WEEK 4 NO BONUS 1ETH: 6000 2 April 2018

ICO INFORMATION AND TEAM

Total 367,000,000 CBC tokens are issued for the project in which 120,000,000 tokens will be sold in the ICO. The token sale will start from the 12th March 2018 and continue until 12th April 2019. The date for the token presale is yet to be announced.

The team will spend the collected funds on the software development, marketing and reserve funds. They believe that power of blockchain technology will revolutionise the cashback industry forever.

Conclusion

Sitting at home and ordering something was not the thought that someone could imagine a few decades back. On top of that, multiple offers from the online shopping websites create a perfect plan for us to buy what we may need in future. One of the most familiar and popular schemes that has saved many people a lot of money and time is the cashback programme. They will launch debit card next year in the USA during the expansion of the project.

Cashback is a unique incentive which lures the consumer into buying the specific services or the product. They have more than 150 merchants in South Africa added organically on the platform. The retail e-commerce is forecasted to be of 4.058 trillion dollars by 2020 and people cannot stop buying the stuff they need. And, given the continuous improvement in the technology, we hope that life is going to be much easier. Decentralisation and democratization are the words of today which should become the core philosophy of every company which aims to capture the market of tomorrow.