The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
Combining the liquidity and decentralization of cryptocurrencies with the financial stability of gold has become a reality through Asia Broadband, Inc.’s AABB AABB Gold token. The company is touting the new cryptocurrency as having the stability quality of a stablecoin with the token price supported by a minimum of 0.1 grams spot price of gold with a current value of $6.09 USD.
Asia Broadband is a high-margin resource company focused on producing, supplying and selling precious and base metals to primarily Asian markets. The company has focused on the acquisition of highly prospective gold projects in established mining camps in Mexico. The company has $100 million in assets and holds physical gold that back the AABBG 100%, drawn from the company’s mining production segment.
AABBG, which is housed on the Ethereum blockchain, became available in March 2021, selling more than $1 million in its first two weeks of launch. AABBG being backed by gold ensures pricing stability and at the very least, low volatility with the value based on market demand and gold assets.
In September 2021, thanks to the partnership between Core State Holdings Corp. and Asia Broadband, Inc., AABB’s next-level modular digital assets exchange will be available, making AABBG tradeable for other cryptos. The exchange will be capable of implementing various modules, including broker modules, functionality allowing for the issuance of crypto-secured loans, a credit or gift card module and one that connects retail chains.
Once the proprietary exchange is launched, the company believes AABBG will have the same potential for price appreciation as major cryptocurrencies, like Bitcoin, based on market demand combined with the limited supply of tokens in circulation.
With the rise of gold and the slow descent of Bitcoin, AABBG has become a prime focus for the company. Asia Broadband is betting that as the price of gold slowly increases, so will AABBG, making it ideal for storing investments and making a sale or purchase-related transaction.
People can purchase AABBG by downloading the AABB Wallet app from the iOS or Android store. You can get more information on the Asia Broadband gold token here.
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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