The power of Noah Project: solving real-life problems with blockchain
Noah Coin is one of those cryptocurrencies aimed to deliver real value and solve existing problems of millions of people with the cutting-edge blockchain technology. It will be used in the unique and robust projects between Japan and the Philippines implemented in the field of tourism, real estate, and remittance. These projects will include a resort development in Mindanao and a mix-use real estate city in Metro Manila.
Besides, there is a project aiming to offer overseas Filipino workers (OFWs) a secure, reliable, fast, and free of charge remittance facility. Over 10 million Filipinos work overseas on contract or as expats. Every year they send their families and relatives around $27 billion. The Noah Project would like to provide them with a cheaper alternative to transfer money between the countries.
Why the Philippines?
The Philippines is a country located in Southeast Asia with a population of 104 million (the 12th largest in the world in 2016) with a nominal GDP of $304.9 billion (36th in the world in 2016). Its population and GDP grow at a fast pace. Just imagine that the Philippines’ GDP has grown by 10% in 4 years from $272 billion in 2012. The research organizations expect the population to grow to 170 million and GDP to increase to $2.7 trillion by 2050. Therefore, the Japanese contributors are highly interested in this project because they consider the Philippines as the last greenfield in Asia. This country is one of the fastest growing economies in the world, but it is underdeveloped as compared to other Asian countries with strong economies, such as Singapore or Hong Kong.
For example, this country has a poor payment infrastructure. Only 3% of the population use credit cards and over 70% are unbanked. The Filipino remittance system is inefficient and it costs from 6% to 10% to send money to the Philippines. Blockchain technology and Noah Coin will be able to cut the remittances from Japan to the Philippines by several percent. Since Filipinos are advanced Internet and smartphone users, they will appreciate the advantages offered by the Noah Project, which provides them with a fast, cheap, and easy method of money transfer.
For whom is Noah Coin issued?
Noah Coin will be used as a digital utility token in the Noah ecosystem. The holders will be able to use their tokens when availing services, transferring their money, trading on exchanges, etc. By the way, Noah Coin is listed on the best-performing and most secure exchanges imposing strict technical and financial requirements on prospective new coins. These are the following exchanges: HitBTC, Changelly, Livecoin, Mercatox, Yobit, and BTC-Alpha. Buying Noah Coin will be a great opportunity to diversify for those, who have already used cryptocurrencies, and for those, who are eager to explore and take advantage of new blockchain technologies.
Where will Noah Coin be applied?
Remittance:
OFW remittances form near 10% of the Philippines’ GDP. OFWs send $27 billion to their home country annually. Noah Coin will eliminate the intermediaries and reduce the high transaction fees.
Tourism:
The Noah Project collaborates with Dakak Beach Resort located in Dapitan, Zamboanga del Norte, Philippines. It’s peaceful and quiet resort boasting of its white sand beach, 15 hectares of wooded land, and natural spring water feeding the resort’s pools. The guests will be able to use Noah Coin in all parts of the resort.
Real estate:
Noah Coin will be used as a local infrastructure token in the ambitious and large-scale project called Noah City. It will be built on the coast of Manila Bay. Horizon Manila is expected to become the largest Central Business District in the country. It will include shopping malls, hotels, amusement facilities, and other establishments. The token holders will be able to avail of services and products, thus, getting access to special privileges, discounts, cash-backs, and various loyalty programs.
The Japanese and Filipino citizens, travelers, and traders will use Noah Coin for remittance, trading, discounts, contributions, and so on in Noah City, the first place powered by cryptocurrency. It will become a real shelter for crypto enthusiasts since there are precious few places in the world where token holders can use their cryptos. In addition, Noah Coin holders will be able to rest from business and urban fuss at Noah Resort offering them sunbathes, swimming, various sports activities, shopping, and many other things.
