Official separation from former Noah management and restructuring of Noah Fund usage

Platinum Q DAO Engineering always acts in favor of the Noah community. 

We are restructuring the Noah Project’s funds and pools to reflect the termination of Noah Foundation’s responsibility for any further development of the Noah City. The restructure will provide more transparency and will remove all barriers between the Platinum engineers and the respected Noah community.

Noah Foundations is out

Noah Foundations is out, what does that mean:

As some of you might already know, Noah Foundation has left the Noah Project after all past events. They no longer own any funds. They had 15,000,000,000 NOAH coins in their pool but it was disbanded recently.

After breaking official relations, Noah Foundation decided to transfer the ownership of their NOAH coins. Noah Foundation has transferred all its NOAH 15,000,000,000 Noah coins to their private initial ico investors with strictly-limited rights. We’ve agreed to this only on special conditions:

-The new owners of NOAH Foundation will have full limitations on their funds 

-They need to pass the KYC procedure. 

-Noah Foundation moves away from the business since they don’t fund it anymore or pay expenses, so they no longer want to take any responsibility and cannot execute any plans.

-New Noah Foundation wallet’s owners cannot withdraw or sell any NOAH from their account and it’s restricted indefinitely due to the high risk.

We stand for the full transparency, so here are the 7 Noah Foundations ex-wallet addresses:

nhwlt4026fe0861140072eaafb9f9dc5ba5cbf1a36dff132fec05

nhwlt37d8fe472ce2c10e7c3e56c51614c25ceabce977765354dc

nhwltd5e051b31c29f68974ed5dd2be646dc71e2fcc7c526fb4a9

nhwlt94c6da3c81600926c21a52cc5d624cae1568c3707efa4df5

nhwltb06b4f688313d99582dd9bc9aa507dd7f104e7a7e2c987b6

nhwlta4d70828df9b09eb4304e8b5351735651411659aeb1fabb4

nhwlt5d630d97afe7c797f53a538fddb1bc77fa63da68acd57a89

The community sent us requests to show the funds and pools that we’re using for payments and rewards, making this process more transparent. Given all the changes and events, we decided to restructure the funds.

Noah Project Actual Funds

Given the above, we have only 3 main funds left. The addresses of the funds are publicly available, like any other data on the Noah blockchain. For your information. here are all the funds’ addresses:

• Platinum Q DAO Engineering (under DRF governance)

Only the unstaked amount of NOAH is shown. This fund is used to pay QDAO DeFi income and Noah Dividends (which have not been distributed yet). Address:

nhwltfb7a7f08bf6e0acac6c514bbd25f3fc848680ac5668839d2

• Development Fund

Funds are used for the Voting system and to perform ‘My income’ payments. Address:

nhwlte5e1594ee76c79f08e9de4ca8b116640cf943f1a911a3c49

• Liquidity & Community Growth Fund

Funds are used to pay bonuses to meet-up participants, for ministry rewards, employee salaries, as interest to advisers, to Lost and Found unstake, for bounties and for Validation and Delegation. Address:

nhwlt09fdc709b811d0a4d89798a8f9d4dcac2589571a

Payments are performed in mixed mode: part automatically and part manually. We have also created an automated fund – Sending Pool – to simplify the payments process and to provide greater security.

Sending Pool

The Sending Pool is the basic wallet for automated payments. We manually transfer the required amount of assets for a specific purpose from each fund. It gives us the opportunity to provide higher security and additional convenience. This fund contains 1,000,000,000 NOAH coins for such purposes as:

• ‘My income’ payments
• Validation and Delegation profit
• Bounties

Address: nhwltcbc1f5250a97d31c130f2dab87cf80a3a906971c2fa70d9b

Platinum Q DAO Engineering is guided by the principles of transparency and openness. We don’t want to build a barrier between us and the community. Recently, we added the Pulse Statistics feature where every user can check the clear statistics of the Noah Project. You can learn more about this here.

Always remember – our mutual main goal is: 

• to make Noah City a prosperous project 
• to make the entire community richer and wealthier!

If anything seems unclear to you, please send your questions to the support line or to the founder of Platinum Engineering – Anton.

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

Noah BTCNEXT Exchange: 

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

New Noah Blockchain ecosystem:

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