Noah Coin: What Happened to the 2017 OFW Crypto Project

This is an independent information site. It is not the NOAH COIN project, it does not sell the coin, and it has no link to the Noah Foundation or Noah Global Innovation Services. Noah Coin was a crypto token pre-sold from 2017, mainly in Japan, with a pitch aimed at Filipino workers abroad. This page records what official notices and news reports said, and marks what we could not confirm.

What Noah Coin promised

The project’s own website, as saved by the Internet Archive in June 2017, said it would bring the cost of sending money for overseas Filipino workers (OFWs) to “nearly zero”. It also described a planned development called “NOAH CITY” at Eton City in Manila, and said part of the sales would be donated to charity through the Noah Foundation.

These are the project’s own claims. We have not verified them. In January 2018, a Philstar business column repeated similar creator claims, including remittances for Japan-based OFWs that would be “virtually cost-free”. The column presented them as plans, not results.

Noah Coin timeline, 2016 to 2019

Date	What was reported	Source type
Oct 2016	Free seminars begin in Japan	Gendai Business
Jan 2017	First pre-sale phase starts	Gendai Business
14 Mar 2017	Philippine Embassy in Tokyo publishes a public notice	Government
May to Jul 2017	Japanese press questions the sales and the claims of backing	Gendai Business
After the notice	Refunds reported for buyers who asked	Gendai Business
12 Jun 2018	Token listed on exchanges	Gendai Business
Oct 2018	Price reported far below the listing price	Gendai Business
Sep 2019	NOAH swapped to NOAHP	CoinMarketCap

How the pre-sale was structured

Gendai Business reported in May 2017 that the pre-sale was planned as 43.2 billion coins over four phases, with 216 billion coins to be released at a listing planned for June 2018. The first phase began in January 2017. The article gave no unit price.

The same outlet reported seminars in Tokyo, including one with about 3,000 attendees in January 2017. It described the promoter only as an affiliate marketer. In July 2017 it reported that the reporter could not confirm details about the Noah Foundation.

What the Philippine Embassy in Tokyo said in March 2017

On 14 March 2017 the Philippine Embassy in Tokyo published a “Notice to the Public” about the Noah Coin, which was being offered for pre-sale to the Japanese market. In summary, the notice said:

• The Bangko Sentral ng Pilipinas (BSP) had not authorized The Noah Foundation or Noah Global Innovation Services Inc. to pre-sell Noah Coins.
• The BSP did not recognize Noah Coin as a national project.
• BSP’s initial investigation found that pre-selling was not within the company’s primary or secondary purposes under its articles.
• The Securities and Exchange Commission (SEC) indicated the company had no secondary license or authority to sell or trade bonds, securities or similar instruments.
• A check of the company’s SEC-listed business address found it was not a tenant of that building.
• The public was urged to be vigilant and to check the BSP and SEC websites.

You can read the full notice on the embassy site. We did not find a separate BSP or SEC advisory on Noah Coin. The embassy notice relays their findings.

Coverage in Japan

Gendai Business reported that promoter claims of backing were disputed. A bank named by promoters denied any relationship, an airline’s Japan office said it had not heard of the coin, and a Philippine conglomerate said by the promoter to back the coin denied involvement. The outlet also reported that a reseller page wording suggesting official Philippine government approval was changed.

On the Japanese side, the Financial Services Agency (FSA) was reported as saying it was aware of the embassy notice. It said it would refer the matter to the Consumer Affairs Agency if specified commercial transaction rules applied, and share information with investigators if a crime was suspected. We did not find a confirmed FSA or Consumer Affairs Agency enforcement action on Noah Coin. Later reporting said the coin was not registered under Japan’s Payment Services Act.

Refunds

Gendai Business reported that, after the embassy notice, the group admitted that its announcements had been “excessive and misleading” and agreed to refunds. A later article said refunds were offered to buyers who requested them. We could not confirm when refunds started, how many buyers received them, or the terms. Only Gendai Business reported these details, so treat them as one outlet’s account.

The 2018 listing and price

The listing was moved forward three months to 12 June 2018, the Philippine Independence Day, on exchanges that included HitBIT of Hong Kong. Gendai Business reported a price above 3 yen at listing, with a market value of about 275 billion yen. By October 2018 it reported a price of about 0.17 yen, or roughly 15.6 billion yen in total value.

These are reported figures from one outlet. We did not check them against exchange records.

The 2019 swap from NOAH to NOAHP

CoinMarketCap lists “Noah Coin (NOAHP)” as an ERC-20 token. It says NOAH was swapped to NOAHP in September 2019, gives a supply of 216 billion, and describes it as the native token of “Noah DeFi City”. CoinMarketCap is an aggregator and this is the only source we have for the swap. We could not confirm it with the project or an official record.

Whether the token is still actively traded is not confirmed. The page we checked on 23 October 2026 showed no clear current price. We could not confirm CoinGecko’s status for it either.

What Noah Coin means for anyone researching it today

If you see a token sold under the Noah Coin name, do not assume it is the same project, or a safe one. Check it against official sources first:

• Look for the seller on the BSP and SEC Philippines websites.
• Compare the contract address with the one the aggregator lists, and read who is behind the token.
• Be cautious when a message mentions “guaranteed” returns or pushes you to act fast.

For OFWs, the Noah Coin story shows why a low-fee promise is not proof of a working service. Our guide on how to spot fake cryptocurrency lists the warning signs, and sending money to the Philippines compares ordinary ways to move money home. For background on the terms used here, see the crypto dictionary. This page is not financial advice.

If you held Noah Coin

We cannot tell you whether you can recover money, and we make no promises. Use official channels only. If you bought in the Philippines or through a Philippine seller, contact the BSP or SEC Philippines. If you bought in Japan, contact Japan’s consumer and financial authorities, or the Philippine Embassy in Tokyo. Do not pay anyone who contacts you offering to “recover” your funds. Keep your records, such as receipts, emails and wallet addresses.

Old Noah Coin documents

Older project files from this domain are not republished here. To learn more about who runs this site, see About.