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A Reader's Primer on Ethicoin: The Token Behind 'Learn Crypto Trading and Ethical Investing'
NEW YORK — For readers of the Ethicoin book, a plain-English guide to how ETHIC+ works on RichX Chain: its fixed supply, zero transfer fees, gold formula, safeguards and Ghana river reserve.
The book Ethicoin: Learn Crypto Trading and Ethical Investing by Sutibu Kanemochi, listed on Amazon Books, takes its name from a real token. This primer walks through how that token, Ethicoin (ETHIC+), is actually built, covering the contract, its supply, transfers, the gold formula and the controls around it, in that order.
Start with the contract
Ethicoin is an RXC-20 token on RichX Chain at address 0x7023Bb290be415b05491bBBaa45f4D15e4407E46. RichX Chain is EVM-compatible, uses the London EVM version and runs QBFT Proof of Authority, which finalises blocks in roughly five seconds.
Transactions are paid for in RichX Coin (RICHX), the network's native coin, of which 1 billion units were created at genesis. A transfer at the 1 gwei minimum costs 0.000021 RICHX.
Supply: fixed once, forever
According to the Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026), exactly 1,000,000,000,000 ETHIC+ were created when the contract was deployed, with 9 decimals. The code has no mint function and no self-destruct function.
For a newcomer, the practical point is simple: nobody can create extra tokens later.
Moving tokens
Ethicoin takes no cut on transfers. Send 1,000 ETHIC+ and 1,000 ETHIC+ arrives. It also supports EIP-2612 permits, a standard that lets a holder approve spending with a signature instead of a separate on-chain transaction.
Reading the gold formula
Ethicoin links each token to a reference amount of gold. First, circulating supply is found by subtracting the remediation balance from totalSupply(). Then 90,000,000,000 grams is divided by that number to give grams per token. Finally, grams per token divided by 31.1034768 and multiplied by XAU/USD gives the indexed value.
Holders can burn tokens. Since burned tokens are never replaced, each burn increases the gold reference per remaining token.
Safeguards and the environmental reserve
Administrative power is divided between Owner and Guardian keys on separate hardware, with a 48-hour timelock and a per-transaction cap of 1,000,000,000 ETHIC+, or 0.1% of supply.
A reserve of 100,000,000,000 ETHIC+, 10% of supply, is earmarked for restoring Ghana's Pra, Ankobra and Birim rivers, harmed by unlicensed galamsey gold mining, with allocations visible on RichXScan. The same chain hosts Bitcoin RXC (RBTX), a Keccak-256 proof-of-work token with a 21 million cap, no premine and a 5 RBTX reward. Reference data cites RichX Chain (Chain ID #20260618), block 0xaa682 and transaction 0xc9ac198b8df8fbea20260618.
More Ethicoin stories
Ethicoin's Fixed-Supply Design: What the White Paper Says About ETHIC+
Five Questions About Ethicoin: Supply, Gold Index and River Clean-Up Explained
Phone-Based Mining Comes to RichX Chain as Bitcoin RXC Joins Gold-Indexed Ethicoin
Ethicoin's 'One World, One Token' Plan: A Single Fixed Supply, No Fees and a Gold Formula