CashBag ICO (CBC)

The Cash Back Cryptocurrency


Consumers earn tokens & cash back for engaging with brands & shopping on our global network of online stores. Advertisers redeem tokens for advertising. Consumers can trade, sell and redeem their rewards on our marketplace. Over 130,000 current users, 2500 merchants in 6 global markets.

Cryptocurrency Internet Media Platform Retail
3.8

by expert rating and reviews


4.1
ICO PROFILE
3.5
TEAM
3.5
VISION
3.5
PRODUCT
Ended
Token CBC
Platform Ethereum
Price 1 ETР = 6,000 CBC
Country South Africa
ICO Start Date 12 Mar 2018
ICO End Date 09 Apr 2018

About CashBag

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 at 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 at / 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.

The surge in adoption of cryptocurrencies & tokens as an investment and trading class will be exponentially increased when non-technical consumers can earn and use these currencies without having to understand the fundamentals of mining, cryptocurrency, blockchain or any other deeply technical terminology.

Utilizing blockchain transaction authentication & smart contracts CashBag will not only revolutionize its transactional capability but enable instant settlement, disrupt the market and speed up consumer mass adoption.

Team

Marc Kenigsberg member of CashBag ICO
Marc Kenigsberg
EXTERNAL ADVISOR
Jason Hung member of CashBag ICO
Jason Hung
EXTERNAL ADVISOR
Jonathan Miller member of CashBag ICO
Jonathan Miller
CO-FOUNDER / CEO
Kirsty Henderson member of CashBag ICO
Kirsty Henderson
CO-FOUNDER / BUSINESS LEAD
Nicolaas Venter member of CashBag ICO
Nicolaas Venter
CO-CTO / SYSTEMS ENGINEERING & SOFTWARE DEVELOPMENT
Jonathan Meanwell member of CashBag ICO
Jonathan Meanwell
CMO / BUSINESS DEVELOPMENT & ADVERTISER SALES
Divan Bower member of CashBag ICO
Divan Bower
USER COMMUNICATIONS & MESSAGING
Maggie Benson member of CashBag ICO
Maggie Benson
USER EXPERIENCE & FRONT END DESIGN
Ryan MacGeoghan member of CashBag ICO
Ryan MacGeoghan
ANALYTICS AND DATA SCIENCE

Milestones

  • 1

    2014 - 2015

    Core CashBag.co Application Development and Alpha MVP

    BizDev secures initial +100 merchant partners

    Beta development & live site launch.

  • 2

    2016

    CashBag Soft Launch South Africa

    Organic growth to 180 merchants

    Development Continues

    Platform supporting Multicurrency Wallet Development

    Desktop toolbar Development

  • 3

    Q1-Q3 2017

    Stage 1 Targeted Customer Acquisition (EMEA / USA / APAC)

    Investigate high yield focus markets for expansion marketing plan.

    Android App Launch

    Merchant base growth to +500

    User adoption growth to 130,000 members

    Scale staffing, systems and business processes

    Planning for product evolution to decentralized architecture and blockchain implementation.

    Tokenonomics finalization & implementation research.

    Build MVP advertiser smart contracts.

  • 4

    Q4 2017

    Token sale architecture & smart contract development including token buyer/member wallet launch.

  • 5

    Q1 2018

    Advertiser Transactional Advertising & Member Wallet Integration

    Launch Advertiser Self Service Portal including wallet enabling token-to-advertising transaction processing and currency = CB swaps through smart contracts.

    Launch expanded member interface showing token values, cash and cash equivalent values and tools for executing swaps, redemptions and withdrawals.

  • 6

    Q2 2018

    MarketPlace & Core Market Expansion

    Launch CashBag marketplace, integrating merchant data feeds with 150,000 distinct products.

    Launch AI Natural Language UX independent shopping assistant

    Stage 2 Targeted Customer Acquisition (EMEA / AUS / NZ)

  • 7

    Q3 2018

    Native Ad Engine

    Launch ad engine including audience targeting, ad creation and redemption of CBC for advertising spend using smart contracts to execute advertising buys on the platform

    Stage 3 Targeted Customer Acquisition (US / CA)

  • 8

    Q2 2019

    Launch Debit Card

    Launch linked Debit Card in US Market, with other markets to follow

  • 9

    Beyond

    Extend marketplace to enable members to list and sell their own goods in a secure, high trust environment using smart contracts to execute and guarantee transactions and delivery.

    Add Social Tools, enabling direct peer-to-peer (member-to-member) communication & transactions, including gamification elements to drive adoption, usage and social sharing of the platform, merchants and products featured on it.

    As cashbag evolves we envision the service becoming an invaluable and trusted part of members everyday life.

Financial

Token Sale Info
Token CBC
Token Type ERC20
Platform Ethereum
Price in ICO 1 ETР = 6,000 CBC
Investment info
Accepting ETH

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