EthicHub — the first regenerative finance (ReFi) solution for the underprivileged, helping them to secure lending for sustainable impact.
How does EthicHub work on Celo?
Leveraging the power of blockchain technology and smart contracts, lenders around the world can invest in the productivity of unbanked smallholder farmers by giving them access to affordable capital with minimal risk loans, all thanks to the EthicHub compensation system. It provides liquid collateral for the lender's capital in the form of Ethix staking, a native token.
Investing in the Ethic Hub platform involves creating a cryptocurrency wallet where you will receive back your investment and profits. Ethic Hub will never have access to your passwords (private keys).
Investing with xDai:
| 1. | Create a user with password and password to access the platform. |
| 2. | Import your wallet and allow connection to the Ethic Hub platform. All you need - your public address and twelve keywords or a private key, associated with the public address. |
| 3. | To make an investment, you will need to go to the selected project and complete the payment process with xDai. |
| 4. | If you don't have xDai in your wallet, you will see an enabled option to convert your wallet platform to xDai. |
The loan term and interest, accrued on the deposited amount, are automatically calculated when the amount is collected. The investment refers to the local currency of the requesting communities at that very moment, and a fixed percentage is applied to this amount.
Project token
In the EthicHub ecosystem, the Ethix token provides collateral for loans, requested by farmers on the platform. Participants with profitable activities are excluded from the traditional financial system and do not have the necessary guarantees to secure loans. Thus, the developers ensure that holders of Ethix tokens can act as guarantors of farmers in exchange for benefits. This is why it is called an impact token, because simply owning it strengthens an ecosystem that aims to promote the social and economic development of small farmers.
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