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.
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.
Advertisers pay CashBag transactional revenue, based as
a percentage of the total sales revenue generated from the
transactions facilitated through our platform.
Additionally, CashBag earns ancillary revenue from
promotional and marketing opportunities on the website,
toolbar & in the mobile application.
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.
CashBag launched in the South African market and
rapidly gained traction, growing to 135,000 members
within months. The next step was to expand into multiple
markets and add multi-currency support including US$,
GBP, EUR and AUD with more currencies following.
PAY FOR ADVERTISING ON CASHBAG
Merchants and advertisers offering services and products on
CashBag can pay their advertising fees using CBC.
Advertising is paid in tokens and the token sale early adopters
are guaranteed their US$ equivalent token value in advertising
services in their local market.
As token value increases any redemptions will be valued at current
market prices, effectively guaranteeing a discounted rate on
advertising in the platform for early crowd sale adopters.
EARNING INCENTIVES
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.
GAMIFICATION / REWARDS
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.
WALLET
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.
TRADING THE TOKEN
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.
SENDING TOKENS / MAKING PAYMENTS
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.
DEBIT CARD
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.
TOKEN DISTRIBUTION
During the presale send Ethereum (ETH) to the presale
address to secure your tokens and bonus. Tokens will be
allocated after the crowdsale is completed.
During the crowdsale, tokens are purchased by sending
Ethereum (ETH) to the smart contract address. Once received
the smart contract will send tokens to your wallet.
Support for advertiser redemption & trading directly within
the CashBag platform will also be added.
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