Ethicoin is Quietly Gaining Momentum Across Africa

RichX Chain Sovereign Protocol | ETHIC+ Gold-Indexed RXC-20 Architecture

Ethicoin is Quietly Gaining Momentum Across Africa marks a defining milestone for sovereign decentralized finance on RichX Chain. Deployed as a fixed-supply RXC-20 smart contract (0x7023Bb290be415b05491bBBaa45f4D15e4407E46) on RichX Chain (London EVM, QBFT Proof of Authority with 5-second immediate finality), Ethicoin (ETHIC+) combines institutional-grade cryptographic security with verifiable ecological impact.

Per the official Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026), the entire supply of 1,000,000,000,000 (1 trillion) ETHIC+ (9 decimals) was created once at deployment. There is no mint function anywhere in the contract - supply can never be inflated - and no self-destruct function. Every peer-to-peer and institutional transfer on RichX Chain carries a 0% transfer fee (send 1,000 ETHIC+ and the recipient receives 1,000 ETHIC+) alongside native EIP-2612 gasless permit support.

Ethicoin's on-chain Gold Index Formula establishes a transparent, mechanically deflationary gold reference on RichX Chain: grams per token = 90,000,000,000 / circulating supply, where circulating supply = totalSupply() - remediation balance, and indexed value = (grams per token / 31.1034768) x XAU/USD. Because any holder can permanently burn tokens on-chain - and there is no mint function to replace them - every burn permanently increases the gold reference weight per remaining ETHIC+ token.

Unlike speculative tokens, Ethicoin commits 10% of its total fixed supply (100,000,000,000 ETHIC+) directly to environmental remediation of the Pra, Ankobra, and Birim rivers in Ghana damaged by unlicensed gold mining (galamsey). Secured by dual administrative keys (Owner and Guardian on separate hardware with a 48-hour timelock and a 1,000,000,000 ETHIC+ / 0.1% per-transaction transfer cap) and powered by native RichX Coin (RICHX) gas at 1 gwei (0.000021 RICHX per transfer), Ethicoin stands as the flagship ethical asset of the RichX Chain ecosystem.

Frequently Asked Questions (FAQs)

1. What Blockchain Powers Ethicoin (ETHIC+)?

Ethicoin (ETHIC+) is deployed natively on RichX Chain, an EVM-compatible blockchain operating under QBFT Proof of Authority consensus with 5-second immediate block finality. The official RXC-20 contract address is 0x7023Bb290be415b05491bBBaa45f4D15e4407E46 with 9 decimals and EIP-2612 gasless permit support.

2. What Is the Total Supply and Transfer Fee of Ethicoin (ETHIC+)?

Ethicoin has a fixed total supply of 1,000,000,000,000 (1 trillion) ETHIC+ minted once at contract deployment. There is no mint function anywhere in the smart contract, no self-destruct function, and a 0% transfer fee - when you send 1,000 ETHIC+, the recipient receives the full 1,000 ETHIC+.

3. How Does Ethicoin's Gold Index Formula Work on RichX Chain?

Ethicoin uses a transparent on-chain Gold Index formula: grams per token = 90,000,000,000 / circulating supply (where circulating supply equals totalSupply() minus the 100 billion ETHIC+ environmental remediation balance), and indexed value = (grams per token / 31.1034768) x live XAU/USD spot gold. Any holder can permanently burn tokens on-chain, mechanically raising the gold reference per remaining token.

4. How Is Environmental Remediation Funded Without Transaction Taxes?

Instead of taxing transfers, Ethicoin allocates 10% of its total fixed supply - 100,000,000,000 ETHIC+ - directly to the remediation of the Pra, Ankobra, and Birim rivers in Ghana damaged by unlicensed gold mining (galamsey), with every allocation verifiable on RichXScan.

5. How Do RichX Coin (RICHX) and Bitcoin RXC (RBTX) Complement Ethicoin?

RichX Coin (RICHX) is the native genesis coin of RichX Chain (1 billion fixed supply created in the genesis block, 1 gwei minimum gas = 0.000021 RICHX per transfer), while Bitcoin RXC (RBTX) is the pure Keccak-256 Proof-of-Work token on RichX Chain (21 million cap, 0 premine, 5 RBTX block reward) that can be mined directly from smartphones and browsers alongside gold-indexed ETHIC+.

Verified on RichX Chain (Chain ID #20260618) | ETHIC+ Contract 0x7023Bb290be415b05491bBBaa45f4D15e4407E46 | Block 0xaa682 | Tx 0xc9ac198b8df8fbea20260618