Bounty Offerings

An innovative new spin on an old model of incentivization.

The U.CASH Initial Bounty Offering

With the global introduction of the U.CASH network, the world’s first Initial Bounty Offering (IBO) was used as a method to help gain awareness and usage of the ecosystem. Users acquired network usage tokens by contributed skills and time, while also growing the U.CASH network. Bounty Offerings continue to be a driving force in bringing financial empowerment to the world through these services.
Want to claim some bounties?
Create an account on this U.CASH Network Portal to get started.

What is a Bounty Offering?

Bounty Offerings are a way to crowdsource human resources, business development, marketing and user acquisition for blockchain technology ecosystems, by offering network tokens in exchange for contributions to the ecosystem.

Bounty Offerings are a method for blockchain ecosystems to crowdsource whatever resources, services or requirements are needed in the process of developing their products. Bounty offerings are claimed by contributors (“Bounty Hunters”) who are rewarded network tokens in exchange for their participation. There is no requirement to use money or own digital currency such as Bitcoin.

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Bounty Types

There are multiple types of bounties available to be completed. Outlined below are some of the more interesting ones.

Limited Time.

Limited Time bounties will only be available during the bounty period to be claimed. They will include time-sensitive or temporary assignments which will benefit the network.

Unlimited Wait.

Unlimited Wait bounties will stay available until such a time they are claimed. As the value of the network increases, these bounties will likely be claimed if not done so already.

Infinite Claim.

Infinite Claim bounties are bounties which will reward successful bounty hunters forever. A small percentage of the remaining reward in the bounty will be distributed to each claimant.

Why Bounty Offerings and not an ICO?

More participation, fairer distribution, and inherent virality to network growth and adoption. That's why.

Most startups in the blockchain industry currently use a method of crowdfunding known as ICOs (Initial Coin Offerings). We believe this method of exchanging network tokens for funds, often with minimal prior research, software development, relationship building, or even functioning alpha or beta versions is a recipe for disaster. Unfair distribution of ICO tokens to "quick on the trigger" buyers and "whales" with large holdings of digital currencies has lead to markets being manipulated and unfair benefits being given to these early individuals. Regular users are left out as these ICOs raise millions of dollars in digital currencies within minutes and the future health of the network is adversely affected. ICOs do not put the network tokens in the hands of the users, which is most important for the future health of a network. Bounty Offerings instead get users directly involved in the growing and functioning of a network such as U.CASH.

Participate in the Bounty Offerings

Bounty Participants

Bounty Hunters

Individuals who actively complete bounties and claim token rewards during the Initial Bounty Offering period.

Bounty Posters

Individuals and organizations that can post bounties in UCASH for others to complete. These can be directly, or indirectly beneficial to the U.CASH network.

Builders

People who participate in the bounty offering by building products and services the U.CASH platform requires to live long and prosper.

Users

Users of the network who sign up during the bounty period and receive a nominal amount of tokens as reward to use towards payment for services.

Promoters

Partners, organizations and individuals who claim promotion based bounties that advertise and market the U.CASH platform.

Partners

External networks and platforms, are rewarded tokens for integrating into the network. Services such as exchanges, wallet providers, are incentivized to provide services on the platform.

Administrators

Team members and external users create ideas for bounties and make them available to participants, as well as approve bounty claim submissions where required in the bounty period and beyond.

Community

The community can participate in the bounty period by providing ideas for potential bounties as well as promoting and claiming bounties themselves.

Creators

Team members and external users who create ideas for bounties and make them available to participants in the bounty period and beyond.

Bounty Periods Distribution

The UCASH tokens will be distributed as per the bounty claim levels below.
G = Golden Ratio = 1.618033989  |  Current Level is BOLD & ITALIC  |  Completed =
Period Explanation UCASH Distribution Per USD Value of Bounty Percentage of Total Date Of Completion
Pre-IBO Campaign Pre-IBO 500,000,000.000000(Part of IBO Pool) 133.33333333 UCASH 2.38% September 8
IBO (Level 1) IBO-01 500,000,000.000000(Part of IBO Pool) 100.00000000 UCASH 2.38% November 26
IBO (Level 2) IBO-02 500,000,000.000000(Part of IBO Pool) 95.23809524 UCASH 2.38% December 16
IBO (Level 3) IBO-03 500,000,000.000000(Part of IBO Pool) 90.90909091 UCASH 2.38% December 20
IBO (Level 4) IBO-04 500,000,000.000000(Part of IBO Pool) 86.95652174 UCASH 2.38% December 21
IBO (Level 5) IBO-05 500,000,000.000000(Part of IBO Pool) 83.33333333 UCASH 2.38% December 22
IBO (Level 6) IBO-06 500,000,000.000000(Part of IBO Pool) 80.00000000 UCASH 2.38% December 23
IBO (Level 7) IBO-07 500,000,000.000000(Part of IBO Pool) 76.92307692 UCASH 2.38% December 24
IBO (Level 8) IBO-08 500,000,000.000000(Part of IBO Pool) 74.07407407 UCASH 2.38% December 26
IBO (Level 9) IBO-09 500,000,000.000000(Part of IBO Pool) 71.42857143 UCASH 2.38% December 29
IBO (Level 10) IBO-10 500,000,000.000000(Part of IBO Pool) 68.96551724 UCASH 2.38% January 2
IBO (Level 11) IBO-11 500,000,000.000000(Part of IBO Pool) 66.66666667 UCASH 2.38% January 6
IBO (Level 12) IBO-12 500,000,000.000000(Part of IBO Pool) 64.51612903 UCASH 2.38% January 6
IBO (Level 13) IBO-13 500,000,000.000000(Part of IBO Pool) 62.50000000 UCASH 2.38% January 6
IBO (Level 14) IBO-14 500,000,000.000000(Part of IBO Pool) 60.60606061 UCASH 2.38% January 7
IBO (Level 15) IBO-15 500,000,000.000000(Part of IBO Pool) 58.82352941 UCASH 2.38% January 7
IBO (Level 16) IBO-16 494,678,440.937630(Part of IBO Pool) 57.14285714 UCASH 2.35% January 8
IBO + Pre-IBO IBO Total 8,494,678,440.937630 Sliding Scale (Ladder) 40.45% January 8
Ongoing Bounty Offering (OBO) IBO Total ÷ G 5,250,000,000.000080 Sliding Scale (Per claim) 25.00% Forever Ongoing
Future Functionality/Bounties (FFB) OBO ÷ G 3,244,678,440.936790 N/A 15.45% Multiple Allocations
Global Ecosytem Builders (GEB) FFB ÷ G 2,005,321,559.062820 N/A 9.55% Forever Ongoing
Smart-Contract/Functionality Liquidity (SFL) GEB ÷ G 1,239,356,881.873670 N/A 5.90% Forever Ongoing
Hackathons/Partners Incentivization (HPI) SFL ÷ G 765,964,677.188969 N/A 3.65% Forever Ongoing
TOTALS 21,000,000,000.000000 UCASH (Token Address) 100% Allocated to Ecosystem Growth
Want to participate in claiming some bounties? Create an account on this Portal to get started.
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The Future

We plan on holding another Bounty Offering period in the future once we have completed the first few stages of our platform Growth & Road Map. We will have a better idea of what further bounties are going to be required for the continued growth of the ecosystem once we have accomplished a certain level of growth. Here we outline what we want to accomplish in the future.

  • Build a distributed asset exchange
  • Connect traditional financial providers
  • Totally decentralize the infrastructure
  • Cross Blockchain interoperability
  • Build tokens on all blockchains
  • Be available in tons of countries
  • Be available in multiple currencies
  • Be available in many languages