UCash 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 Ucash (XUC) 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, XUC 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 XUC on various blockchains including Bitcoin and others. Team:Ageen Sri: President Brian Phan: Executive Officer Arvind Borhade: Technology Officer Kyle Kemper: Marketing Officer. UCash 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 XUC (21B) will be distributed to bounty hunters. Roughly ~$113,656,872.71 USD worth of bounties will be distributed during IBOToken Reserve Split:PeriodExplanationXUC DistributionXUC Price (USD)Total Bountied (USD)XUC PercentagePre-IBO Campaign Pre-IBO 500,000,000.000000 $0.0075 $3,750,000.00 2.38% IBO (All Levels)IBO8,494,678,440.937630$0.01 - $0.0175$109,906,872.7138.07%Post-IBO( IBO + Pre-IBO ) ÷ G5,250,000,000.000080N/AN/A25.00%Future-IBOPost-IBO ÷ G3,244,678,440.936790Market ValueMarket Value15.45%Launch TeamFuture-IBO ÷ G2,005,321,559.062820N/AN/A9.55%U.CASH LiquidityLaunch Team ÷ G1,239,356,881.873670N/AN/A5.90%EndowmentU.CASH Liquidity ÷ G765,964,677.188969N/AN/A3.65%TOTALS21,000,000,000.000000 XUC$113,656,872.71 USD100.00%Bonus Structure: PeriodExplanationXUC DistributionXUC Price (USD)Total Bountied (USD)XUC PercentagePre-IBO Campaign Pre-IBO 500,000,000.000000 $0.0075 $3,750,000.00 2.38% IBO (Level 1)IBO-01500,000,000.000000$0.01$5,000,000.002.38%IBO (Level 2)IBO-02500,000,000.000000$0.0105$5,250,000.002.38%IBO (Level 3)IBO-03500,000,000.000000$0.011$5,500,000.002.38%IBO (Level 4)IBO-04500,000,000.000000$0.0115$5,750,000.002.38%IBO (Level 5)IBO-05500,000,000.000000$0.012$6,000,000.002.38%IBO (Level 6)IBO-06500,000,000.000000$0.0125$6,250,000.002.38%IBO (Level 7)IBO-07500,000,000.000000$0.013$6,500,000.002.38%IBO (Level 8)IBO-08500,000,000.000000$0.0135$6,750,000.002.38%IBO (Level 9)IBO-09500,000,000.000000$0.014$7,000,000.002.38%IBO (Level 10)IBO-10500,000,000.000000$0.0145$7,250,000.002.38%IBO (Level 11)IBO-11500,000,000.000000$0.015$7,500,000.002.38%IBO (Level 12)IBO-12500,000,000.000000$0.0155$7,750,000.002.38%IBO (Level 13)IBO-13500,000,000.000000$0.016$8,000,000.002.38%IBO (Level 14)IBO-14500,000,000.000000$0.0165$8,250,000.002.38%IBO (Level 15)IBO-15500,000,000.000000$0.017$8,500,000.002.38%IBO (Level 16)IBO-16494,678,440.937630$0.0175$8,656,872.712.35%Post-IBO( IBO + Pre-IBO ) ÷ G5,250,000,000.000080N/AN/A25.00%Future-IBOPost-IBO ÷ G3,244,678,440.936790Market ValueMarket Value15.45%TOTALS16,989,356,881.874500 XUC$113,656,872.71 USD80.88%
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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.