U.CASH is a peer-to-peer network of retail service providers (converters) combined with online and mobile applications (apps) targeted towards financial services and inclusion. It allows any person in the world to access bank-like services without the actual need to interact with a banks.
The U.CASH (UCASH) token is a universal access key which gives users access to services on the Ucash network as well as advanced functionalities. This token will be distributed using an Initial Bounty Offering (IBO) model to enable more equitable access. Initially, UCASH will be created and distributed during the IBO period using the ERC20 standard on top of the Ethereum blockchain. Once the IBO is concluded, U.CASH will also create the equivalent amount of UCASH on various blockchains including Bitcoin and others.
Team:
U.CASH began its ICO on the 9th of September and it will last for 120 days or until the token supply is attributed to participants. The IBO is similar to an ICO except the user contributes with his skills or time and not with funds. Each bounty completed earns the participant a certain amount of tokens. During the IBO, 80.88% of the total 21,000,000,000 UCASH (21B) will be distributed to bounty hunters. Roughly ~$113,656,872.71 USD worth of bounties will be distributed during IBO
Token Reserve Split:
Period | Explanation | UCASH Distribution | UCASH Price (USD) | Total Bountied (USD) | UCASH Percentage |
---|---|---|---|---|---|
Pre-IBO Campaign | Pre-IBO | 500,000,000.000000 | $0.0075 | $3,750,000.00 | 2.38% |
IBO (All Levels) | IBO | 8,494,678,440.937630 | $0.01 - $0.0175 | $109,906,872.71 | 38.07% |
Post-IBO | ( IBO + Pre-IBO ) ÷ G | 5,250,000,000.000080 | N/A | N/A | 25.00% |
Future-IBO | Post-IBO ÷ G | 3,244,678,440.936790 | Market Value | Market Value | 15.45% |
Launch Team | Future-IBO ÷ G | 2,005,321,559.062820 | N/A | N/A | 9.55% |
U.CASH Liquidity | Launch Team ÷ G | 1,239,356,881.873670 | N/A | N/A | 5.90% |
Endowment | U.CASH Liquidity ÷ G | 765,964,677.188969 | N/A | N/A | 3.65% |
TOTALS | 21,000,000,000.000000 UCASH | $113,656,872.71 USD | 100.00% |
Bonus Structure:
Period | Explanation | UCASH Distribution | UCASH Price (USD) | Total Bountied (USD) | UCASH Percentage |
---|---|---|---|---|---|
Pre-IBO Campaign | Pre-IBO | 500,000,000.000000 | $0.0075 | $3,750,000.00 | 2.38% |
IBO (Level 1) | IBO-01 | 500,000,000.000000 | $0.01 | $5,000,000.00 | 2.38% |
IBO (Level 2) | IBO-02 | 500,000,000.000000 | $0.0105 | $5,250,000.00 | 2.38% |
IBO (Level 3) | IBO-03 | 500,000,000.000000 | $0.011 | $5,500,000.00 | 2.38% |
IBO (Level 4) | IBO-04 | 500,000,000.000000 | $0.0115 | $5,750,000.00 | 2.38% |
IBO (Level 5) | IBO-05 | 500,000,000.000000 | $0.012 | $6,000,000.00 | 2.38% |
IBO (Level 6) | IBO-06 | 500,000,000.000000 | $0.0125 | $6,250,000.00 | 2.38% |
IBO (Level 7) | IBO-07 | 500,000,000.000000 | $0.013 | $6,500,000.00 | 2.38% |
IBO (Level 8) | IBO-08 | 500,000,000.000000 | $0.0135 | $6,750,000.00 | 2.38% |
IBO (Level 9) | IBO-09 | 500,000,000.000000 | $0.014 | $7,000,000.00 | 2.38% |
IBO (Level 10) | IBO-10 | 500,000,000.000000 | $0.0145 | $7,250,000.00 | 2.38% |
IBO (Level 11) | IBO-11 | 500,000,000.000000 | $0.015 | $7,500,000.00 | 2.38% |
IBO (Level 12) | IBO-12 | 500,000,000.000000 | $0.0155 | $7,750,000.00 | 2.38% |
IBO (Level 13) | IBO-13 | 500,000,000.000000 | $0.016 | $8,000,000.00 | 2.38% |
IBO (Level 14) | IBO-14 | 500,000,000.000000 | $0.0165 | $8,250,000.00 | 2.38% |
IBO (Level 15) | IBO-15 | 500,000,000.000000 | $0.017 | $8,500,000.00 | 2.38% |
IBO (Level 16) | IBO-16 | 494,678,440.937630 | $0.0175 | $8,656,872.71 | 2.35% |
Post-IBO | ( IBO + Pre-IBO ) ÷ G | 5,250,000,000.000080 | N/A | N/A | 25.00% |
Future-IBO | Post-IBO ÷ G | 3,244,678,440.936790 | Market Value | Market Value | 15.45% |
TOTALS | 16,989,356,881.874500 UCASH | $113,656,872.71 USD | 80.88% |