A while back, we shared the news of a token swap for holders of NOAH coins. Through this token swap, we had asked you to commit your old coins at the BTCNEXT digital assets trading exchange until 30th August. All those who had submitted the old coins were given the new NOAH.Platinum coins.

The demand was so high that we decided to extend the token swap until September 30, those who transferred their coins before August 31 received a 1% bonus.

The new NOAH.Platinum coins are the native tokens of the new Noah blockchain being designed by our strategy partner Platinum Q DAO Engineering. These new coins have new added features, advantages, and functionalities.

In this new financial ecosystem that we have created after extensive consultations with world-renowned economists from Stanford University, the Noah team has decided to keep 37 billion NOAH.Platinum tokens as stabilization funds for project development and community growth.

The stabilization fund will act as a reservoir. This reserve will help us regulate our assets. The different funds and their uses are as follows –

Liquidity Fund — This fund will be used to maintain liquidity at exchanges. We are using the same approach as TON (Telegram Open Network) where a similar fund was used out of the total supply to maintain price stability.

— This fund will be used to maintain liquidity at exchanges. We are using the same approach as TON (Telegram Open Network) where a similar fund was used out of the total supply to maintain price stability. Referral Rewards Fund — This fund will be used to reward the referral activity of our respected Noah community members. We will also use this fund to reward our sales executives. The more sales agents we will have, the faster our ecosystem will develop in new countries.

— This fund will be used to reward the referral activity of our respected Noah community members. We will also use this fund to reward our sales executives. The more sales agents we will have, the faster our ecosystem will develop in new countries. TO_DO / Bounty Fund — This fund will be maintained for members of the community who participate in various activities whose aim is to keep engagement in the community platforms high, for actions to motivate the community and for inviting their friends to join our ecosystem.

— This fund will be maintained for members of the community who participate in various activities whose aim is to keep engagement in the community platforms high, for actions to motivate the community and for inviting their friends to join our ecosystem. Dividends Fund — This fund will be used to pay dividends for the most loyal token holders who are storing tokens bought since the ICO.

In case there arises a situation wherein the funds get exhausted or one fund gets exhausted earlier than the others, we will come to a consensus decision to either introduce a tax for dPOS mining and use this tax to top-up the funds, to redistribute free assets in other funds or to follow what the majority decision of the community is going to be at that time.

We have created this model after careful deliberation and we are working in the right direction so that this new ecosystem delivers what it promises and that every community member gets what he/she deserves. If you have any questions, please ask them in the respective community platform.