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Ethicoin Ties Crypto to Cleanup Work, Reserving 100 Billion Tokens for Ghana's Rivers
NEW YORK — Ethicoin (ETHIC+) sets aside a tenth of its fixed supply to repair rivers hit by illegal gold mining in Ghana, while running fee-free transfers and a public gold index on RichX Chain.
Most tokens fund their causes, if they have any, by taxing trades. Ethicoin (ETHIC+) takes another route. On RichX Chain, it has set aside a fixed block of its own supply for environmental repair in Ghana, leaving everyday transfers free of fees.
The problem on the ground
Unlicensed gold mining, known in Ghana as galamsey, has damaged the Pra, Ankobra and Birim rivers. Ethicoin's response is to commit 10% of its total supply, 100,000,000,000 ETHIC+, to remediation of those waterways.
The project says every allocation from that reserve can be checked on RichXScan, the chain's public explorer.
Why no transaction tax
Because the cleanup fund comes from a dedicated reserve, the token itself carries a 0% transfer fee. Anyone sending 1,000 ETHIC+ sees the full 1,000 arrive. EIP-2612 permits add the option of signing approvals without gas.
Rules fixed in code
The white paper, Final Edition, dated 4 September 2026, states that all 1,000,000,000,000 ETHIC+ were created at launch with 9 decimals. The contract has no mint function, so supply cannot rise, and no self-destruct function.
The RXC-20 contract address is 0x7023Bb290be415b05491bBBaa45f4D15e4407E46. RichX Chain runs the London EVM with QBFT Proof of Authority, settling 5-second blocks with immediate finality.
A gold reference that rises with burns
Ethicoin's Gold Index sets grams per token at 90,000,000,000 divided by circulating supply. Circulating supply is totalSupply() minus the remediation balance, so the river reserve sits outside the calculation. The indexed value is grams per token divided by 31.1034768, then multiplied by XAU/USD.
Holders can burn tokens at will. With no way to mint replacements, each burn lifts the gold reference for every token still in circulation.
Governance and the wider chain
Oversight rests with two keys, Owner and Guardian, kept on separate hardware. A 48-hour timelock slows any change, and transfers are limited to 1,000,000,000 ETHIC+, or 0.1% of supply, per transaction. The project calls ETHIC+ the flagship ethical asset of the RichX Chain ecosystem.
Gas is paid in RichX Coin (RICHX), whose 1 billion supply was set in the genesis block; the 1 gwei minimum equals 0.000021 RICHX per transfer. The network also runs Bitcoin RXC (RBTX), a Keccak-256 Proof-of-Work token with a 21 million cap, zero premine and a 5 RBTX block reward, mineable from phones and browsers. For reference, the deployment record cited by the project lists Chain ID #20260618, the ETHIC+ contract 0x7023Bb290be415b05491bBBaa45f4D15e4407E46, 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