Noah Project Services Expansion on the Philippines Partnering with a BSP Approved Virtual Currency Exchange
Noahcoin.org has secured Bangko Sentral ng Pilipinas (Philippine Central Bank) approval for an exchange brokerage service that will allow the buying and selling of the Virtual Currency Noah Coin for Philippine pesos, and vice versa. This will be done through a technology and service partnership with BSP-approved Virtual Currency exchange.
Noah Business Expansion into Off-Shore Orderbook Cryptocurrency Exchange in CEZA (Cagayan Economic Zone Authority).
The Noah Project will acquire a cryptocurrency exchange license from CEZA, enabling them to own and operate their own cryptocurrency marketplace and exchange and to list their own coin and other tokens in the market. To be used as back-end software will be an enterprise-grade solution similar to those used by institutions like the Chicago Mercantile Exchange and globally recognized crypto exchanges as well. This will provide much-needed liquidity on a global scale for Noah coin, catering to both retail and institutional traders alike.
Noah Project “Genesis” Mainnet Blockchain Proposal
The Noah Coin is currently running on the Ethereum Blockchain’s ERC20 standard but aims to develop its own blockchain mainnet and conduct a token swap.
The Noah “Genesis” mainnet, may differ in basic characteristics such as the underlying security algorithm, cryptography, level of decentralization, level of efficiency, identity obfuscation strategy, network topology, block production policy, permissibility, scope of participants and grandeur of the vision. Many of these properties are highly related. The ERC20 tokens issued during the ICO might not be compatible with the new blockchain and its corresponding features and adaptions. Therefore, they need to be migrated onto the new blockchain.
Past projects have approached this in several ways but commonly all ERC20 tokens that were not transferred from the Ethereum blockchain became frozen and thus useless at a pre-determined date. The tokens from the Ethereum blockchain must be moved to the new blockchain. The most recent and best known token swaps were EOS (EOS), Tron (TRX) and VeChain (VEN). The core goal of Noah Project revolves around payments and the transfer of money, hence functionality of the Noah Coin needs to act as a sufficient replacement for money.
In order to best deliver the intended goals of Noah Coin, Noah Coin now requires a tailored blockchain solution beyond that of ERC-20 functionality.
Find out more about the Noah Project: https://noahcoin.org/#section-projects