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How Ethicoin Funds River Cleanup in Ghana Without Taxing a Single Transfer
NEW YORK — Ethicoin (ETHIC+) has reserved 100 billion tokens to restore Ghana's Pra, Ankobra and Birim rivers, keeping transfers fee-free on RichX Chain while backing its pitch as a planet-friendly coin.
Many tokens that promise environmental benefits pay for them by skimming a percentage from every trade. Ethicoin (ETHIC+) takes another route: it set aside a fixed block of its own supply on day one, leaving everyday transfers untouched. The approach separates the environmental goal from the cost of using the token, so holders do not pay more simply because they move funds.
The rivers in question
The project names three waterways in Ghana: the Pra, the Ankobra and the Birim. All three have been damaged by galamsey, the local term for unlicensed gold mining.
To support their restoration, Ethicoin committed 10% of its total supply, or 100,000,000,000 ETHIC+. The project says each allocation from that reserve can be followed on RichXScan, the chain's explorer.
Why no transfer fee matters
With the cleanup funded up front, Ethicoin charges 0% on transfers. A payment of 1,000 ETHIC+ lands as 1,000 ETHIC+. The token also supports EIP-2612 permits for approvals that do not need a separate gas transaction.
According to the Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026), the full supply of 1,000,000,000,000 tokens with 9 decimals was minted once. There is no mint function to add more and no self-destruct function.
The reserve and the gold index
The remediation reserve also plays a role in Ethicoin's gold formula. Circulating supply is calculated as totalSupply() minus the remediation balance. Grams per token are then 90,000,000,000 divided by that circulating figure, and the indexed value is grams per token divided by 31.1034768, multiplied by XAU/USD.
Any holder may burn tokens. With no way to mint replacements, burns lift the gold reference for every remaining token.
Safeguards on the contract
The contract, at 0x7023Bb290be415b05491bBBaa45f4D15e4407E46, is managed through two keys, an Owner and a Guardian, stored on separate hardware. Changes face a 48-hour timelock, and any single transaction is limited to 1,000,000,000 ETHIC+, equal to 0.1% of supply.
A light network footprint
Ethicoin runs on RichX Chain, which uses QBFT Proof of Authority on the London EVM, with blocks final in about five seconds. Gas is paid in RichX Coin (RICHX); a transfer at 1 gwei costs 0.000021 RICHX. The chain also hosts Bitcoin RXC (RBTX), a proof-of-work token with a 21 million cap and no premine that can be mined from a browser.
Published reference data lists RichX Chain (Chain ID #20260618), 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