So some of you might have looked at my previous infographic about this project. Now I would like to have a detailed review article about it.

The Market

The CryptoCashbackRebate project aims at the referral benefits from exchanges and ICO participation.

As they found, $24 billion USD circulate on trading platforms every day, making around $48 million USD is charged as the transaction fee. And The CryptoCashbackRebate project targets to earn some percent of that much money via referral to traders creating accounts on exchanges.

Meanwhile, the cryptocurrency market is huge as well in general. Initial Coin Offerings have raised an incredible $6.89 billion in the past five months, without including EOS, which has just finished its ICO raising $4.1 billion. Just in May alone, some $2 billion was raised in combination, $800 million by EOS and around $1.2 billion by other ICOs according to TokenData. Making it a combined total for Year to Date (YTD) of $11 billion. And the CryptoCashbackRebate project wants to earn a proportion of the amount of ICO investments for referrals.

What is CryptoCashbackRebate?

It claims to be the "First Cashback & Rebate Portal For Cryptocurrency Community". Put simply, it is a platform built to effectively reward investors and traders via Cashback, Rebates, and Discounts. They have a native token called CCR whose functionality would be explained below

How it works?

Their solution increases the effectiveness of rewarding loyal participants with higher volume and liquidity.

First, let's look at how they generate revenue: They partner with exchanges and upcoming blockchain projects.

• Exchanges: Whenever a person, via CryptoCashbackRebate's referral link, creates an account on the exchange which has already established a partnership with them. The CryptoCashbackRebate platform would be partially rewarded the commission profit for every trade that person makes

• Upcoming blockchain projects: Likewise, when an investor buys some token/coin of a new ICO through this platform, the CryptoCashbackRebate project also receives an amount of compensation for referring.

Then, what do they do with the revenue?

• The CryptoCashbackRebate share the majority of the revenue with those people who had contributed in that referral process, paying them a cash rebate for each trade/purchase they make.

• The rest of the revenue is distributed proportionally among the CCR token holders.

Benefits to participating in this project:

There are 2 ways you can benefit from this project:

• Participate as a trader who opens an exchange account through this platform or as an investors joins ICO supported by this platform. As a result, you can save money from the transaction fee you have made or get more from the number of new coins/tokens you have purchased
• Join the CryptoCashbackRebate ICO now and grab some CCR token for yourself. So that you would have a sustainable source of passive income in the future from the distribution of platform's revenue generated thanks to the people above.

Token economics

Token Symbol: CCR
Price: 1 CCR = 0.00167 ETH
Country of Origin: Hong Kong
Country Restricted: Hong Kong, North Korea, Iran, Syria
Whitelist/KYC KYC

My thought

The plus from this project is that they have already had established an active business - CryptoCashbackRebate.com is owned and operated by Kapsus Technologies Limited which is registered in Hong Kong - with partnerships and connections, which can be leveraged to increase its expansion.

Moreover, the CryptoCashbackRebate team consists of experts and specialists with more than 5 years of experience in the Cashback industry, which means they not only know how to make unique deals with companies but also have have a huge client base to exploit.

Links:

Website:https://www.cryptocashbackrebate.com/ico
Telegram:https://t.me/cryptocashbackrebatecom
Whitepaper:https://www.cryptocashbackrebate.com/images/documents/Whitepaper_en.pdf
Bitcointalk ANN:https://bitcointalk.org/index.php?topic=3156509

Author: Bitcointalk username: rueisnax (a.k.a. Vincentle — Le Huu Quang Vinh)
Profile link

Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.

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