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From Ghana's Damaged Rivers to the Blockchain: Ethicoin's African Story
NEW YORK — Ethicoin ties a gold-indexed token to a clean-up of three Ghanaian rivers hit by illegal mining, reserving 100 billion ETHIC+ for the work and recording allocations on RichXScan.
Ethicoin's most direct link to Africa runs through three rivers in Ghana. The Pra, the Ankobra and the Birim have been damaged by galamsey, the local term for unlicensed gold mining, and the project has tied a large share of its token supply to repairing them.
A tenth of the supply for the rivers
According to the Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026), 100,000,000,000 ETHIC+ is set aside for remediation. That is 10% of the fixed total of 1,000,000,000,000 tokens.
The money for the clean-up does not come from charging users. Transfers carry a 0% fee, and the project says each remediation allocation can be seen on RichXScan, the chain's explorer.
Gold, measured in the open
There is a certain symmetry in a gold-linked token funding repairs to damage caused by gold mining. Ethicoin's index divides 90,000,000,000 by circulating supply to get grams per token, with circulating supply defined as totalSupply() minus the remediation balance.
Grams per token, divided by 31.1034768 and multiplied by the live XAU/USD spot price, produces the indexed value. When holders burn tokens, the remaining ones each carry a higher gold reference, since the contract cannot mint replacements.
The technical base
ETHIC+ is an RXC-20 token on RichX Chain, contract 0x7023Bb290be415b05491bBBaa45f4D15e4407E46. The chain is EVM-compatible, uses QBFT Proof of Authority and settles blocks with five-second finality. The token has 9 decimals and supports EIP-2612 gasless permits.
Network fees are paid in RichX Coin (RICHX) at a 1 gwei minimum, roughly 0.000021 RICHX per transfer. RICHX itself had a fixed supply of 1 billion set in the genesis block.
Safeguards around the fund
Because a large reserve sits under administrative control, the safety setup matters. Owner and Guardian keys live on separate hardware, actions face a 48-hour timelock, and any one transaction is capped at 1,000,000,000 ETHIC+, or 0.1% of supply. The contract has no mint and no self-destruct function.
A mining option alongside
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 block reward, which the project says can be mined from phones and browsers.
For communities along the affected rivers, the practical test will be whether allocations from the reserve can be followed transaction by transaction, which is the transparency the project says RichXScan provides.
For reference, the project lists its verification details as RichX Chain (Chain ID #20260618), ETHIC+ contract 0x7023Bb290be415b05491bBBaa45f4D15e4407E46, block 0xaa682 and transaction 0xc9ac198b8df8fbea20260618.
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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