Marrying Gold Stability with Crypto Innovation
Asia Broadband, Inc. (OTC: AABB) has created a hybrid cryptocurrency, AABB Gold Token (AABBG) backed by 100% physical gold.
Gold-backed tokens can benefit from both gold and cryptocurrency features, while maintaining the potential for price appreciation from both markets.
AABBG is not a stablecoin but has the stable quality of a stablecoin with the token price supported at 0.1 grams of the spot price of gold.
AABBG can be purchased via the AABB Wallet app, available in the iOS and Android store.
Gold At Your Fingertips
If you’re going to use crypto, why not use a currency backed by gold?
Revolutionary Mine-to-Token Product
The AABB Gold Token is a hybrid cryptocurrency backed by gold mines owned and operated by Asia Broadband, Inc. and $30 million in physical gold reserves.
The company has pledged to back the tokens 100% by reserves, with its own mining projects as a unique source, along with traditional third-party sources as a backup.
The vertically integrated Mine-To-Token concept is a one of its kind product.
Get AABBG by downloading the AABB Wallet
Want to purchase some tokens? AABBG is currently only available in our AABB Wallet.
Stability in Value
The minimum token price is linked to the current spot price of gold, which means the token benefits from the lower volatility of gold relative to the cryptocurrency space, offering a sense of stability.
Given fears of devalued fiat currencies, the bull case for gold remains intact, and AABBG could also rise as a function of increasing gold prices.
As the price of gold fluctuates, the floor for AABBG token can change, but the potential upside price of the token will be driven by market demand.
Upcoming Proprietary Exchange
In early September 2021, AABB is launching a proprietary exchange. This will allow AABBG token holders to have quick and easy access to liquidity and exchange the token for other cryptocurrencies such as Litecoin, Ethereum, or Bitcoin.
The exchange platform transaction revenues can further improve token valuation, possibly leading to price appreciation. Considering the limited amount of token supply, owning the tokens before an exchange listing presents an appealing opportunity.