A cash back and rewards website based on the blockchain platform aimed at active online shopper and businesses and providing them will deals on savings and offers from merchants on the platform.
CashBag aims to ensure mainstream adoption of their platform and grow the user/advertiser base from over 100,000 members and 150 merchants to +10 million users and thousands of advertisers. The tokens being offered in the crowdsale are a chance for early adopters of the platform to acquire redeemable tokens with a guarantee of increased redemption value.
CashBag already has an existing Android application on the Play Store as well as a Desktop website and app that alerts consumers to savings in the ecommerce/shopping ecosystem online. New members are incentivised with 10 CBC (CashBag Coins) after signing up, which is an effective marketing strategy and will be part of the plan to encourage adoption on the scale they hope to achieve. Members can also earn incentives from activity on the platform such as transaction volume and sharing of the platform on social media. In addition, they will have the opportunity to receive cashback in their native currency or by being allocated CBC tokens which can either be traded or redeemed.
CashBag first launched in South Africa in 2016 and was followed up with the Android supported app launching the following year and receiving healthy ratings. The roadmap of the company also indicates plans to launch the CashBag marketplace to increase the number of merchants on the platform and the team is more focused than ever on marketing after having time to perfect the fundamentals of the platform. Exciting upcoming features the team are currently working on also include the issuance of CashBag debit cards in Q2 of 2019.
The minds behind this operation are South African based co-founders Jonathan Miller, a self-taught software developer and businessman, and Kirsty Henderson, an experienced ecommerce specialist and strategist. This pair have been able to partner with household merchants such as Ali Express, Ebay, BestBuy, Groupon and many others that regularly advertise on the CashBag platform. The full list of merchants that the platform is currently affiliated with can be found on their ICO website at https://tokensale.cashbag.co/.
The tokens on sale are classified as ERC20 tokens and are being advertised as perfect for a seamless token experience for use with wallets, on exchanges and for smart contracts or purchasing on the CashBag platform. There are 367 million tokens that will be issued during different stages of the crowdsale. The tokens will be primarily used on the CashBag platform but can also be stored in wallets, traded with once listed on exchanges and used for payments by advertisers on the platform or by members anywhere in the world when debit cards are launched.
CashBag seems like a very good opportunity to get involved with an established company as an early adopter and also profit from savings by using the platform or by being a token holder of CBC which may very well be in high demand as the marketing campaign takes off!
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