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Ethicoin's 'One World, One Token' Plan: A Single Fixed Supply, No Fees and a Gold Formula
NEW YORK — Ethicoin (ETHIC+) presents itself as one token for everyone: a trillion units minted once on RichX Chain, no transfer fees, a public gold formula and a reserve for river cleanup.
Ethicoin (ETHIC+) frames its mission in four words: one world, one token. Behind the slogan is a deliberately simple design on RichX Chain, built so that every holder plays by the same fixed rules, with no special classes of user and no adjustable fees.
What the white paper sets out
The Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026) states that all 1,000,000,000,000 ETHIC+ were created in a single step when the contract went live. The token uses 9 decimals.
The contract contains no mint function, so new tokens can never be added, and no self-destruct function, so it cannot be wiped away. The RXC-20 contract address is 0x7023Bb290be415b05491bBBaa45f4D15e4407E46.
Same treatment for every transfer
Whether the sender is an individual or an institution, Ethicoin charges nothing on transfers. Someone sending 1,000 ETHIC+ sees the full 1,000 arrive. The token also supports EIP-2612 permits, letting holders sign approvals without first paying gas.
Network fees are paid in RichX Coin (RICHX), the chain's native coin, whose 1 billion units were created in the genesis block. At 1 gwei, a standard transfer costs 0.000021 RICHX.
A gold reference anyone can compute
Ethicoin publishes its gold index as a formula rather than a promise. Grams per token equal 90,000,000,000 divided by circulating supply, which is totalSupply() minus the remediation balance. Dividing that figure by 31.1034768 and multiplying by the XAU/USD price gives the indexed value.
Because tokens can be burned but never minted, each burn permanently increases the gold reference carried by the tokens that remain.
Controls and the chain behind them
RichX Chain runs the London EVM version under QBFT Proof of Authority, with blocks final in around five seconds. Ethicoin's administration is split between an Owner key and a Guardian key held on separate hardware, with a 48-hour timelock. A single transaction is capped at 1,000,000,000 ETHIC+, or 0.1% of supply.
The environmental commitment
Rather than taxing transfers, the project has set aside 10% of supply, 100,000,000,000 ETHIC+, to repair the Pra, Ankobra and Birim rivers in Ghana harmed by galamsey, or unlicensed gold mining. Allocations are open to inspection on RichXScan.
Ethicoin shares the network with Bitcoin RXC (RBTX), a Keccak-256 proof-of-work token capped at 21 million, with no premine and a 5 RBTX reward, which can be mined from phones and browsers. Published 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
How Ethicoin Funds River Cleanup in Ghana Without Taxing a Single Transfer