EthixPrice

(ETHIX)

EthicHub is a Web3 platform connecting unbanked smallholder farmers with global investors for impact investing. Ethix is the native ecosystem token, acting as crucial collateral to de-risk loans and serving as a governance tool. It facilitates fair credit access for farmers, contributing directly to their social and economic development by providing the necessary trust and security within the decentralized lending framework.

Ethix functions as a multi-layered insurance mechanism. It requires local loan originators to stake Ethix, dedicates 50% of its total supply to a collective Compensation Fund, and allows community members to stake Ethix for rewards. If a farmer defaults, staked Ethix tokens are liquidated to compensate lenders. While this means a portion of your staked tokens could be used to cover defaults in specific pools, the project historically highlights a very low, often 0%, default rate.

Users who stake Ethix are rewarded for providing essential collateral to the lending ecosystem. Stakers primarily earn additional Ethix tokens as yield for their contribution. Beyond these token rewards, staking Ethix also grants significant voting power within the EthicHub DAO. This enables participants to influence key decisions, such as approving new lending hubs in different geographic regions and proposing or voting on protocol changes, thereby actively shaping the platform's future direction.

Ethix tokens are primarily available for purchase and trade on various decentralized exchanges. Users can find the most active trading pairs on platforms that support the Ethereum, Celo, and Gnosis Chain networks. These decentralized venues provide the primary liquidity pools for acquiring Ethix tokens, allowing individuals to easily become part of the EthicHub ecosystem and participate in its impact investing initiatives.

The total supply of Ethix is capped at 100 million tokens to ensure scarcity and long-term value. This supply is strategically distributed: 50% is allocated to the Compensation Fund, providing a robust safety net for lenders. Another 25% is designated for ecosystem incentives, distributed over a 16-year period to encourage participation. The team and advisors receive 10% (subject to vesting), credit originators are allocated 10%, and the remaining 5% was used for the initial token sale and bounties.

While Ethix originated as an ERC-20 token on the Ethereum blockchain, it is heavily utilized on other networks such as Gnosis Chain (formerly xDai) and Celo. This multi-chain approach helps maintain low transaction fees, which is crucial for the efficient and accessible operation of the lending process for farmers. EthicHub 2.0 represents a significant upgrade, integrating the previously separate lending and collateral (staking) platforms into a single, streamlined interface. This enhances user experience and scalability, making the ecosystem more unified and efficient.