The blockchain project that announces its mission as \"unbanking\" has seen its U.Cash token make big strides up the global market cap rankings this week. U.Cash is a blockchain platform that can exchange cryptocurrency, fiat money or cash for digital assets in any supported range. It aims to undermine the existing banking system by making exchange facilities as simple as any other distributed app, and available even to those with no regular banking facilities.

U.Cash was originally founded in 2014 as SecuraCoin, changed to U.Cash in 2015 and developed as the unbanking project in 2016. In 2017 it launched an IBO (Initial Bounty Offering) that ran from September to January 2018. Instead of offering coins that tend to get snapped up by big buyers within minutes of the ICO launch, a Bounty Offering gives incentives to people to perform tasks on the network, and rewards them with tokens. Bounties can range from posting on social media accounts, to account registration or translating the company\'s white paper. As an open-source community project, the company feels that IBOs help to build the the whole ecosystem, as well as distributing tokens more fairly and efficiently.

The U.Cash pre-IBO raised US$3.75m, and a recent 60% escalation in trading activity puts the coin value at $0.013971.