In an unprecedented move, the Noah Project has joined the cryptocurrency game by making its native token, the Noah Coin, available to the public via an initial coin offering (ICO). This development is poised to strengthen the economic partnership between Japan and the Philippines even more since the main thrust of the project is to support infrastructure developments and other business ventures in the Philippines.
It’s worthy to mention that Japanese contributors are at the helm of the Noah cryptocurrency platform and that they launched the Noah Coin for use exclusively in various groundbreaking initiatives of the Noah Project.
For one, the Noah Project is building a Noah City within Horizon Manila, a reclamation project that’s located right in the heart of the metro. The Noah team envisions that Noah City will be the Philippines’ largest central business district to date.
Upon its completion, Noah City will also have the distinction of being the first city to accept Noah Coins as a payment currency. Likewise, Noah Coin contributors who use the token can receive discounts from their transactions within the Noah ecosystem.
The rest of the Noah Project will concentrate on Mindanao, including the establishment of a mixed-use, high-end resort, as well as, the foundation of an organic agriculture program for homegrown farmers of the island.
For these dream projects to flourish, the Noah platform has to, first and foremost, address the Philippines’ underdeveloped financial ecosystem. Since traditional methods in money remittance such as bank or wire transfers are painstakingly slow and costly, the Noah Project launched the Noah Coin to provide a new and practical alternative of sending and receiving money in the form of cryptocurrencies or digital tokens.
In turn, members of the Noah platform could use their digital assets to make discounted purchases or instantly remit money without paying for excessive services fees that other institutions typically charge their customers. Overseas Filipino workers (OFWs) in Japan could greatly benefit from this feature.
Like other cryptocurrencies, which include Bitcoin and Ether, Noah Coin uses a cryptocurrency application called the Noah Wallet that helps keep the tokens secure within the platform.
Noah Coins (NOAH) can now be purchased on top cryptocurrency exchanges such as Changelly and HitBTC.
About Noah Coin
Noah Coin is a first-of-a-kind cryptocurrency that allows contributors to spend their tokens on the Noah ecosystem. Noah Coins are part of the Noah Project, an initiative that aims to bring Japanese and Filipino business and financial communities together through trade and investment opportunities using digital currencies.
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