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Summary of EthicHub and Ethix Token
Key Points
- Ethix token bridges DeFi with productive economy
- 30 months of p2p lending operation in Mexico with 0% default rate and $500K funded
- Ethix token compensates loan defaults, enables credit originator role, and provides governance rights and discounts on coffee
- Initial supply: 100 MM tokens
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Token distribution:
- 50 MM: compensation pool
- 25 MM: issued asynchronously over 16 years
- 5 MM: token sale and bounties
- 10 MM: Lending Dev SL
About EthicHub: Empowering a Fairer Financial Ecosystem
Introducing the Ethix Token: A Revolutionary Digital Asset
Ethix is a token that seamlessly converges decentralized finance (DeFi) with the productive economy. Notably, EthicHub has successfully operated a peer-to-peer lending platform for 30 months, providing financing to coffee farmers in Mexico, boasting an impressive 0% default rate and a substantial $500,000 in funded projects.
DeFi remains an isolated financial economy artefact due to the challenges inherent in transitioning to the digital realm. The supply chain and international credit sectors, for instance, have yet to be integrated into the DeFi revolution, primarily because a suitable tokenomics design has not been achieved to overcome the hurdles of financing unbanked farmers. However, we have successfully bridged this gap, enabling farmers to access funding without the need for collateral, thereby reducing their funding costs by a factor of 10, while investors benefit from risk minimization through peer-to-peer loans.
Following a two-year production period devoid of a token, during which valuable insights were gleaned from real users to craft the optimal token design, Ethix successfully launched on Balancer on December 22nd.
Fundamentally, Ethix serves as a safeguard against potential loan defaults on the platform. Additionally, it can be staked to qualify as a credit originator, granting governance rights within the EthicHub DAO. Furthermore, it offers exclusive discounts on high-quality coffee and allows users to partake in the fees generated by the platform, thereby creating a seamless incentives loop.
Furthermore, Ethix can be incorporated into liquidity pools, thereby generating supplementary returns for its holders.
The Total Supply of Ethix Tokens in Circulation
Out of the initial supply of 100 million tokens, which was established during EthicHub’s presale in 2018 (raising 553 ETH, with 1 ETH equivalent to 5,000 ETHIX), the allocation is as follows: 50 million tokens are designated for the compensation pool, 25 million will be issued asynchronously over the next 16 years, 5 million tokens belong to participants in the token sale and bounties executed, 10 million are reserved for staking by Lending Dev SL as credit originator, and 10 million are reserved for the team and advisors, subject to a 4-year vesting period.
The token’s contract address can be accessed via the following link:
https://etherscan.io/token/0xfd09911130e6930bf87f2b0554c44f400bd80d3e
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Uniswap Pair:
https://info.uniswap.org/pair/0xb14b9464b52f502b0edf51ba3a529bc63706b458
Experience the Balancer pool at:
https://pools.balancer.exchange/#/pool/0xb93aa4cdeef1293303f628e16dd06ddd42db19f1/swaps
Staking Contract:
https://etherscan.io/address/0x5b2bbbe7dfd83aa1f1cd0c498690e6ecc939cc2d#tokentxns
Experience seamless trading with the Bilaxy ETH/ETHIX pair on our centralized exchange (CEX):
https://bilaxy.com/trade/ETHIX_ETH