Japan ICO will help Philippines
THE NOAH Ark Coin (NOAHCOIN), a cryptocurrency, will be introduced in Japan by midyear as an initial coin offering (ICO).
It will be used both as a funding source and eventual digital currency for a number of projects being developed in the Philippines – a mixed-use resort development in Mindanao that will include an assisted-living facility, a residential real estate in Metro Manila, an organic agriculture program for farmers in Mindanao, and renewable energy projects in various locations around the country.
The ICO is as an investment opportunity for Japanese investors, but NOAHCOIN infrastructure will also provide a secure, fast, and virtually cost-free remittance facility for Japanbased overseas Filipino workers.
This is done through Noah’s partnerships with Nippon Pay in Japan and Philippines-based blockchain technology provider SCI, in conjunction with tech developers Ark Systems Technology.
Many Japanese investors today regard the Philippines as perhaps Asia’s last “greenfield.” They perceived the country as having a strong economy but is underdeveloped in comparison to other high-return markets like Hong Kong and Singapore, and thus promises solid returns over the long term.
Cryptocurrency in any form, despite its enormous potential, is an admittedly risky business, subject to a great deal of investor skepticism.
To ensure NOAHCOIN’s success the creators have diligently sought to build security and credibility into their ICO, beginning with the selection of one or more of the best performing and most secure exchanges.
As a token coin, NOAHCOIN’s primary purpose is more substantial than a simple trade instrument. It will provide investors the opportunity to claim special incentives, products, and services within NOAH’s developments here.
Like other cryptocurrencies, NOAHCOIN will eventually be available to traders from the Philippines and other countries in limited quantities through the cryptocurrency market, but the ICO will only be offered in Japan.
Development of the necessary technical infrastructure for NOAHCOIN, which includes the creation of secure digital wallets, the actual creation of the digital coins, and integration of the NOAHCOIN distributed ledger, known as the Blockchain, with the Ethereum cryptocurrency platform, is ongoing.