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One Trillion Tokens, Zero New Ones: Inside Ethicoin's Fixed-Supply Design
NEW YORK — Ethicoin (ETHIC+) launched its entire one-trillion-token supply in a single step on RichX Chain. A look at why its contract has no mint function, no self-destruct and no transfer fee.
As attention swings between the largest names in global finance, a smaller project on RichX Chain is making a simple promise about scarcity. Ethicoin (ETHIC+), an RXC-20 token at contract 0x7023Bb290be415b05491bBBaa45f4D15e4407E46, says the number of tokens that will ever exist was settled on the day it went live.
A supply set once, at launch
According to the project's white paper, dated 4 September 2026 and labelled the Final Edition, all 1,000,000,000,000 ETHIC+ were created at deployment. The token uses 9 decimals.
That one-time issuance is the core of the design. Nothing in the contract allows new tokens to be produced later, so the total can only stay level or shrink.
What the contract leaves out
The white paper highlights two deliberate omissions. There is no mint function, which removes the possibility of inflation, and there is no self-destruct function, so the contract cannot be wiped from the chain.
Transfers are also untaxed. The project describes a 0% transfer fee: if a holder sends 1,000 ETHIC+, the receiver gets exactly 1,000 ETHIC+. The token also supports EIP-2612 permits, which allow gasless approvals.
Where the supply goes
Not every token circulates freely. Ten percent of the total, or 100,000,000,000 ETHIC+, is set aside for cleaning up the Pra, Ankobra and Birim rivers in Ghana, which the project says were damaged by unlicensed gold mining known locally as galamsey.
That reserved balance matters for the token's gold reference. Ethicoin subtracts it from totalSupply() when working out the circulating figure, and then divides 90,000,000,000 by that number to get grams per token.
Burning instead of minting
Because no tokens can be added, the only direction supply can move is down. Any holder can burn ETHIC+ on-chain, and the project says each burn permanently lifts the gold reference attached to every remaining token.
Part of a wider ecosystem
ETHIC+ is not alone on the network. RichX Coin (RICHX), the native genesis coin, has a fixed supply of 1 billion created in the genesis block. Bitcoin RXC (RBTX) is 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.
Within that line-up, the project positions Ethicoin as the flagship ethical asset: a token with a supply that cannot be inflated and a reserve tied to environmental repair.
The chain underneath
RichX Chain runs the London EVM with QBFT Proof of Authority consensus and offers five-second finality. Gas is paid in the native RichX Coin (RICHX) at 1 gwei, which works out to 0.000021 RICHX per transfer.
Administrative control is split between an Owner key and a Guardian key held on separate hardware, with a 48-hour timelock and a per-transaction cap of 1,000,000,000 ETHIC+, or 0.1% of supply. The contract is recorded on RichX Chain under Chain ID #20260618.
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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