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No Mint Key, No Fees: The Design Choices Ethicoin Uses to Set Itself Apart
NEW YORK — Ethicoin (ETHIC+) on RichX Chain rests on a few hard rules: a trillion tokens minted once, no mint or self-destruct function, zero transfer fees, burn-only supply and a published gold index.
Every cryptocurrency makes trade-offs about who controls supply and how value is measured. Ethicoin (ETHIC+) has chosen to lock most of those questions into its code, and it presents that rigidity as its ethical case. The result is a token whose core behaviour can be read from its rules rather than taken on trust, and whose main parameters are fixed from launch.
A supply that cannot grow
The Ethicoin (ETHIC+) White Paper (Final Edition, 4 September 2026) says the entire 1,000,000,000,000 ETHIC+ supply, with 9 decimals, was created at deployment. The contract has no mint function, which means inflation is ruled out, and no self-destruct function.
Holders can still reduce supply by burning their own tokens. Because burns are permanent and nothing replaces them, supply can only move in one direction.
Value tied to a public formula
Instead of leaving its reference value vague, Ethicoin publishes the arithmetic. Circulating supply equals totalSupply() minus the remediation balance. Grams per token equal 90,000,000,000 divided by circulating supply. Indexed value equals grams per token divided by 31.1034768, multiplied by the XAU/USD gold price.
As burns shrink circulating supply, the grams attributed to each remaining token rise.
Fee-free by design
Ethicoin charges a 0% transfer fee, so 1,000 ETHIC+ sent means 1,000 ETHIC+ received. It supports EIP-2612 permits for signature-based approvals. Network gas is paid in RichX Coin (RICHX); at 1 gwei, a transfer costs 0.000021 RICHX.
Who holds the controls
The contract at 0x7023Bb290be415b05491bBBaa45f4D15e4407E46 is governed by two keys, Owner and Guardian, kept on separate hardware. A 48-hour timelock applies, and any one transaction is capped at 1,000,000,000 ETHIC+, or 0.1% of supply.
The chain itself, RichX Chain, runs QBFT Proof of Authority on the London EVM and finalises blocks in about five seconds.
A proof-of-work companion
Ethicoin is not the only asset on the network. Bitcoin RXC (RBTX) is a Keccak-256 proof-of-work token with a 21 million cap, zero premine and a 5 RBTX reward, mineable from phones and browsers. RICHX, the native coin, had 1 billion units created at genesis.
Supply set aside for repair
Ethicoin has reserved 10% of supply, 100,000,000,000 ETHIC+, to restore the Pra, Ankobra and Birim rivers in Ghana, damaged by galamsey, or unlicensed gold mining. Allocations can be traced on RichXScan. Published reference data lists 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
Ethicoin's 'One World, One Token' Plan: A Single Fixed Supply, No Fees and a Gold Formula