EthicHub

EthicHub is a Madrid-based financial technology company that has developed a platform that acts as a marketplace for crowdfunding. The peer-to-peer (P2P) marketplace is on the blockchain and is intended to be used by farmers with small amounts of land and production to be connected with individual investors who can make microloans. The company was founded in 2017 and employs approximately thirty people. It has raised over $400,000 through several funding rounds and grants.

EthicHub is built on the Ethereum blockchain and allows for microinvestors to connect with small-scale farmers from across the world to finance agricultural projects. It is on Ethereum's public network called xDAI and uses the native token of that network, which has the same name, to finance the loans that are made to the farmers.

The company states the investments allow for the farmers to produce more volume and improve the quality of their crops. Investors on the platform can invest a minimum of 20 Euro on each project, and each project has a maximum to invest as well. Investments can be made with credit or debit cards and cryptocurrencies. EthicHub states that investors can see up to an 8 percent return annually from their investments.

What is EthicHub?