THE TOKEN UTILITYPAY FOR ADVERTISING ON CASHBAGMerchants and advertisers offering services and products on CashBag can pay their advertising fees using the token.
Advertising is paid in local currency and through 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 & REWARDSCashBag members earn tokens 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 / REWARDSMembers who choose to opt-in may earn tokens for acting on and sharing curated content and interesting information 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.
TRADING THE TOKENThe 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 may trade on multiple exchanges and as an ERC20 compliant token may be stored in any compliant wallet and used for purchases.
DEBIT CARDThe 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.
SENDING MONEY / MAKING PAYMENTSThe token can be used to send money 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.
WALLETCashBag 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 MEMBER HAS THE OPTION TO RECEIVE PAYOUTS IN:- All in Fiat (CBC will be immediately traded and cash equivalent held in their CashBag account until payout)
- CashBag rewards in FIAT and incentives in CBC Tokens
- All in CBC Tokens