CashBag is a blockchain-based platform for instant settlement and micropayments of cash back rewards. The platform will use the Ethereum blockchain to provide an instant settlement platform with low transactions costs and a reward system that helps shoppers to earn cash back and secure discounts on any online purchase.

CashBagCoin is an ERC-20 compliant token, that will serve as the utility token on the platform.

Team:

• Jonathan Miller: Co-founder / CEO. 
• Kirsty Henderson: Co-founder / Business Lead.
• Eugene Benade: CO-CTO / Software Development. 
• Nicolaas Venter: CO-CTO. 
• Jonathan Meanwell: CMO. 
• Divan Bower: User Communication & Messaging. 

CashBag will be holding its ICO on the 12th of March, 2018. The ICO token supply represents 33% of the total token supply, so there will be a total of 120,000,000 tokens available, for 0.0001666 each during the offering. The ICO funding target is $500,000, the funding cap is $30,000,000 and is expected to end on the 9th of April, 2018 or when the funding cap is reached.

Token Reserve Split (67%):

• 4% Token sale costs;
• 45% Member incentive pool;
• 18% Liquidity reserve;

CashBag ICO will feature a bonus program and a bounty campaign, and the token will not be mineable.

Bonus Structure: