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Retail e-commerce sales will increase from $ 1.095 trillion in 2016 to $ 4.058 trillion by 2020, accounting for 14.6% of total retail spending that year. It is very clear that from 2016 many practitioners of economic analysts argue it was in 2020 with a very significant growth of 4x fold from 2016 in just 4 years. The unique user base of cryptocurrency purses has grown to more than 5.8 million unique users by 2017, Between Bitcoin and Ethereum alone there are more than 31 million unique wallets and total cryptocurrency market capitalization exceeding $ 160 billion in October 2017. In a decentralized economy, democratization (instead of concentrating) ownership through incentives create value.
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 is more than just a rewards website, it’s a tool that helps savvy, savings conscious shoppers earn cash back and secure discounts on just about any online purchase. It’s used by active online shoppers, businesses and just about anyone that’s interested in saving when shopping online.
The cost & time it takes to get savings into consumers wallets.
Bank fees make it impossible to do micro-payments. Processing fees eat up all the value! By building our settlement engine to interface with the Ethereum blockchain we’ve created an instant settlement platform that not only cut our own costs, but it enabled us to settle micro-payments and keep an immutable record!
CashBag has partnered with hundreds of global merchants and continues to onboard new merchants daily. These merchants all agree to share revenue based on transactional income generated by CashBag online shoppers. Through our direct & network integrations with the merchants we’re able to report transactions in real-time and accrue cash back savings for our members.
CashBag has an Android Application and a Desktop Helper App (Firefox Safari Chrome) which once installed automatically alert consumers to savings when shopping online.The site is mobile optimized and our Android App (iOS launching Q4) enables consumers to browse and search for products and services on the go
Benefit Of Cashbag :
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.
CashBag operates in multiple global markets. We have a roster of over 150 active advertisers, with more than 685 in the queue for integration. We expect to expand to include 2500 merchants by Q2 2018 as we enter more territories.
Members earn cash rewards when shopping online at participating merchants. These cash rewards are paid by the merchant and tracked by CashBag through our sale tracking integration with each merchant. New members select from a base set of currencies including USD, EUR, AUD, GBP, ZAR with support for more currencies being added as we enter new markets.
Members can earn CashBag sponsored incentives based on their activity, transaction volume and social sharing of the platform. By integrating our wallet to blockchain settlement we create a mechanism to speed up cash back settlement and incentivize our members by allocating them a token with a real world supported value which can be traded, redeemed and used across any ERC20 wallet supporting partner.
Members can opt to receive their cashback in their native currency or convert at ruling market price to CashBag Tokens and store their savings in our ERC20 compliant wallet. Similarly, they can cash in their CashBag Tokens and receive fiat payments in their native currency.
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) COMPLETE
WEEK 1 20% Bonus 1ETH: 7200 12 March 2018 COMPLETE
WEEK 2 15% Bonus 1ETH: 6900 19 March 2018 COMPLETE
WEEK 3 10% Bonus 1ETH: 6600 26 March 2018 COMPLETE
WEEK 4 NO BONUS 1ETH: 6000 2 April 2018 OPEN (Don't Miss It)
The token can be freely traded, exchanged and sold. CashBag will honor the crowd sale issued tokens for advertising services at the guaranteed discount rate through the smart contract rules.The token will trade on multiple exchanges and as an ERC20 compliant token may be stored in any compliant wallet and used for purchases.
The token can be used to send tokens to CashBag members or make payments through smart contracts initiated by users on the CashBag platform and beyond. Within the CashBag marketplace members will be able to gift tokens, pay for services, buy products from the CashBag marketplace and eventually purchase goods from integrated merchant partners who accept payments from ERC20 wallets in general and CashBag specifically.
CashBag members earn CBC each time they transact via the CashBag platform and purchase from a participating merchant. Initially, for every $1 or local market equivalent earned in cash back rewards the consumer will earn an additional 10% bonus ($0.10) in CBC.
Members may earn CBC for acting on and sharing curated advertising content ranging from news stories to videos, movie or product launches. On our platform, the end user benefits directly from viewing and engaging the content and is no longer considered just a product, but becomes an active participant in the transaction process.
CashBag members can request / send CBC between members and pay for services on the platform. The wallet is ERC20 compliant so funds can be transferred out of our ecosystem and used in other wallets.
The addition of a linked VISA / Mastercard debit card will enable members to transact globally, using CBC to purchase at real world merchants, withdraw cash and instantaneously access their funds using just in time (JIT) funding.
Merchants and advertisers offering services and products on CashBag can pay their advertising fees using CBC.Advertising is paid in tokens and the token sale early adopters are guaranteed their US$ equivalent token value in advertising services in their local market.
Author by Bangkecol
Profile : https://bitcointalk.org/index.php?action=profile;u=924628
