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Ethicoin's Fixed-Supply Design: What the White Paper Says About ETHIC+
NEW YORK — Ethicoin (ETHIC+) runs on RichX Chain with a one-time supply of one trillion tokens, no mint function, zero transfer fees and an on-chain gold index that rises with every burn, according to its white paper.
Most tokens leave the door open to printing more later. Ethicoin (ETHIC+) closes it. Its smart contract on RichX Chain created the entire supply once, and according to the project's white paper, nothing in the code can ever add to it.
The contract at a glance
ETHIC+ is an RXC-20 token deployed at 0x7023Bb290be415b05491bBBaa45f4D15e4407E46. It uses 9 decimals and supports EIP-2612 gasless permits.
RichX Chain itself is EVM-compatible, built on the London EVM and secured by QBFT Proof of Authority consensus. Blocks reach immediate finality in five seconds.
One trillion, and no more
The Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026) states that all 1,000,000,000,000 tokens were created at deployment. The contract has no mint function and no self-destruct function.
Transfers carry no fee. If a holder sends 1,000 ETHIC+, the recipient gets exactly 1,000 ETHIC+.
How the gold index is calculated
The token's value reference is tied to gold through a formula written on-chain. Grams per token equal 90,000,000,000 divided by circulating supply, and circulating supply is totalSupply() minus the remediation balance.
The indexed value is then grams per token divided by 31.1034768, multiplied by the XAU/USD gold price.
Any holder can burn tokens permanently. With no way to mint replacements, each burn shrinks circulating supply and, by the formula, raises the gold reference behind every remaining token.
A tenth of supply for Ghana's rivers
Instead of taxing transactions, the project has set aside 10% of the fixed supply, or 100,000,000,000 ETHIC+, for cleaning up the Pra, Ankobra and Birim rivers in Ghana. Those waters have been damaged by unlicensed gold mining, known locally as galamsey. The project says each allocation can be checked on RichXScan.
Controls and the wider network
Administration is split between two keys, an Owner and a Guardian, held on separate hardware. Changes are subject to a 48-hour timelock, and single transfers are capped at 1,000,000,000 ETHIC+, or 0.1% of supply.
Gas is paid in RichX Coin (RICHX), the chain's native coin, whose 1 billion supply was fixed in the genesis block. At the 1 gwei minimum, a transfer costs 0.000021 RICHX.
The same chain hosts Bitcoin RXC (RBTX), a Keccak-256 proof-of-work token capped at 21 million with no premine and a 5 RBTX block reward. It can be mined from smartphones and browsers.
Deployment details are recorded on RichX Chain (Chain ID #20260618): contract 0x7023Bb290be415b05491bBBaa45f4D15e4407E46, block 0xaa682, transaction 0xc9ac198b8df8fbea20260618.
More Ethicoin stories
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
How Ethicoin Funds River Cleanup in Ghana Without Taxing a Single Transfer