NOAHP will no longer be available in QDAO DeFi’s deposit products

The Noah management team has decided to delist NOAHP coin from QDAO DeFi’s deposit products on October 8th. The main reasons are the growing need/demand for Delegation, ERC-20 NOAHP coin launch and the development of new opportunities.

The Noah management team had intentions to delist NOAHP coin from the QDAO DeFi program back in Spring. Initially, its participation was planned as an experiment. However, the Noah community did not support the idea and voted against delisting the NOAHP coin. This decision was accepted with respect.

Now, the circumstances have changed drastically. Noah Blockchain is becoming more and more popular, which requires a significant increase in the network’s stability. It can be achieved through the development of the Delegation process. The Noah management team is trying to motivate Noah community members to take a more active part in Delegation to help Noah Blockchain and earn a profit on the fees. However, the current contribution is insufficient, given recent events (e.g. NOAHP full unstake).

As you already know, 30 billion NOAHP coins were burned in order to reissue them in the ERC-20 version. Now the Noah community has access to ERC-20 NOAHP coins. This event opens up incredible prospects for the Noah Project. ERC-20 NOAHP has already been listed on the most popular decentralized exchange (DEX) – Uniswap, more to come.

The Noah management team also has intentions to create NOAHP coins on other blockchains, which will give the community even more opportunities and the project itself, the potential for explosive growth.

What will change with the issue of NOAHP coins on other blockchains:

• The Noah Project will be open to the whole world.
• Users will begin to actively swap between ERC-20 and Noah Blockchain via Atomic Swap.
• The number of transactions will increase, thus the load on the network will increase accordingly.
• Delegation will bring more profit from fees.

The demand for Delegation is significantly higher than the demand for NOAHP coin in QDAO DeFi’s deposit products. This is easily explained by the higher passive profit of users.

NOAHP coin will be delisted from QDAO DeFi on October 8th. Users will continue to receive passive income up to this date. After that, all users will stop receiving profit on NOAHP they are holding.

The Noah management team hopes that the highly respected Noah community will understand this decision. Thank you all for the support.

Summary

• NOAHP coin will be delisted from QDAO DeFi’s deposit products.
• The main reasons are the growing need/demand for Delegation, ERC-20 NOAHP coin and the development of new opportunities.
• Noah Blockchain needs more network stability, which is achievable through Delegation process development.
• 30 billion NOAHP coins were burned in order to reissue them in the ERC-20 version.
• ERC-20 NOAHP has already been listed on the most popular decentralized exchange (DEX) – Uniswap, more to come.
• The Noah management team has intentions to create NOAHP coins on other blockchains.
• Users will begin to actively swap between ERC-20 and Noah Blockchain via Atomic Swap.
• The number of transactions will increase, increasing the load on the network.
• Delegation will bring more profit in fees.
• The demand for Delegation is significantly higher than the demand for NOAHP coin in the deposit products of QDAO DeFi.
• NOAHP coin will be delisted from QDAO DeFi on October 8th.
• Users will continue to receive passive income up to this date.
• After that, all users will stop receiving profit on NOAHP they are holding.

You can always find all our updates first-hand, just follow these links:

Noah Blockchain ecosystem:

• Telegram for the English speaking community.
• Telegram, LINE or LINE OPEN CHAT for the Japanese speaking community.

QDAO DeFi ecosystem:

• Telegram for English-speaking participants.
• Twitter, Facebook, Telegram, LINE for the Japanese-speaking community.