What is EthicHub?
Ethix is a token that connects decentralized finance (DeFi) with the productive economy. EthicHub, a company that has been running a peer-to-peer lending operation for 30 months to coffee farmers in Mexico with a 0% default rate and $500,000 funded, created the Ethix token.
DeFi, being a relatively new concept, is still limited to the financial economy because of the challenges that come with moving out of the digital world. The supply chain and international credit are yet to be included in the DeFi revolution. One of the main reasons is the lack of a tokenomics design that can overcome the challenges that financing unbanked farmers poses. Ethix offers a bridge that enables farmers to reduce their funding costs by ten times without needing to deposit collateral. Investors can also enjoy coverage for minimizing the risks of the p2p loans.
Ethix was launched on Balancer on December 22, 2021, after more than two years in production without a token. EthicHub learned from real users during this time to achieve the best possible token design.
Ethix is primarily used to compensate for possible loan defaults on the platform. It can also be staked to become a credit originator on the platform, giving the holder governance rights in the EthicHub DAO. Moreover, it can be used to get high-quality coffee at a discount and share the fees generated on the platform, creating a perfect incentive loop. Holders of Ethix can also add their tokens to liquidity pools to earn additional returns.
The initial supply of Ethix was 100 million tokens, which EthicHub raised during its presale in 2018. The company raised 553 ETH, and 1 ETH was equal to 5,000 Ethix tokens. Out of the initial supply, 50 million tokens are allocated to the compensation pool, while 25 million tokens will be issued over the next 16 years. Five million tokens are reserved for participants in the token sale and bounties, while 10 million tokens are reserved for staking by Lending Dev SL as a credit originator. Finally, 10 million tokens are reserved for the team and advisors, with a vesting period of four years.
In conclusion, Ethix is a revolutionary token that bridges the gap between DeFi and the productive economy. EthicHub has created a platform that provides farmers with affordable funding and investors with minimized risk. By holding Ethix, users can participate in the EthicHub DAO, get discounts on high-quality coffee, and earn additional returns by adding their tokens to liquidity pools. With its innovative design and practical use cases, Ethix has the potential to transform the DeFi space and empower the productive economy.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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