Etica

Etica is a blockchain for Open Source medical research without intellectual property.
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City
Worldwide
Created by
Etica
Listing date
19 Oct 2024

About

Etica serves as a pioneering blockchain platform dedicated to advancing open-source medical research. It introduces a decentralized approach to scientific discovery in the medical field, eliminating traditional barriers associated with intellectual property. This platform is designed to facilitate and economically sustain open-source medical research through a unique economic model.

The core utility of Etica revolves around its native cryptocurrency, ETI, which plays a multifaceted role within the ecosystem. ETI is primarily used to fund open-source medical research projects, providing the necessary financial support to fuel innovation and discovery. Researchers contributing valuable insights and findings to the community are rewarded with ETI, fostering a culture of collaboration and recognition for their contributions.

Moreover, ETI holders are empowered to participate in the governance of the Etica ecosystem through voting on network proposals. This democratic process ensures that the direction of research and development aligns with the collective interest of the community, promoting transparency and inclusivity. The voting mechanism also includes rewards, incentivizing active participation in the decision-making process.

In addition to its functional roles, ETI serves as a store of value. With a controlled supply capped at an initial 21 million coins and a modest inflation rate of approximately 1% annually to finance ongoing research, ETI's design aims to maintain its value over time.

Etica stands out as the first blockchain initiative focused exclusively on open-source medical research without intellectual property constraints. Launched with a commitment to accessibility and fairness, it did not undergo a premine or initial coin offering (ICO), mirroring the launch methodologies of foundational cryptocurrencies like Bitcoin and Monero. This approach underscores Etica's dedication to creating a neutral, community-driven platform where no single entity or individual holds disproportionate influence over the network.

As a decentralized science (Desci) project, Etica's mission extends beyond financial mechanisms, aiming to connect researchers worldwide. By facilitating collaboration on specific diseases and providing access to a comprehensive history of proposals, Etica aims to accelerate the pace of medical breakthroughs, making significant strides in the fight against various health challenges.