Noah Project: Bear Hunter of the YearAlmost 1,000 crypto startups failed to survive the bear year of 2018. Low trading volume, unresolved technical issues, imperfect products, and poor ideas impeded them to make progress. What does make a project successful? The list includes effective products, strategic partnerships with major players, listing on cryptocurrency exchanges, and recognition by the government.
The Noah Project is one of the few companies, combining all these features, which helped it make great breakthroughs in 2018.
The Noah Project aims to create a blockchain-based remittance system that will allow migrant workers to send money to their families smoother, cheaper, and faster. Using international money transfer services, expats have to pay huge commissions: 6%-10% in the Philippines or even up to 10% in Japan. Thanks to Noah's remittance ecosystem, the cross-border transaction fees go down to 2-3%.
What does make the Noah Project successful?
We have it all: effective products 👍🏻, strategic partnerships with major players👬, listing on cryptocurrency exchanges, and recognition by the government💼.
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