Mining Company Offers First-Ever “Mine-to-Token” Cryptocurrency to Investors Looking for Exposure to Gold
September 24 2021 - 1:20AM
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Cryptocurrencies are highly volatile assets. Even Bitcoin, the most
valuable cryptocurrency in the world by market capitalization, is
still subject to 20% to 30% swings in price on any given day. This
despite the fact it is the pioneering crypto project responsible
for birthing the entire blockchain technology industry beginning
with the publishing of the original Bitcoin whitepaper by Satoshi
Nakamoto way back in 2008. Today, cryptocurrencies offer investors
and users all kinds of benefits and built-in utility, including
self-executing smart contracts, decentralized finance projects that
pay out a higher annual yield than a centralized bank would ever
give to a customer, non-fungible tokens that provide owners with
social status and the potential for huge profits, and more.
Although each of the above benefits of cryptocurrencies stretches
well beyond a basic decentralized peer-to-peer payment system like
Bitcoin, they don’t necessarily fit the goals of every investor.
There is an in-between investor that still wants their
cryptocurrencies backed by real-world assets such as precious
metals. That’s where Asia Broadband (OTC: AABB) comes in. Why
Clients Are Choosing Asia Broadband Asia Broadband supplies both
precious and base metals mined in Mexico to clients across Asia.
The company is in its 25th year of doing business. It is publicly
listed in the United States and allows clients to benefit from the
vertical integration of its value chain. The company’s move into
cryptocurrency marks an adventure into uncharted waters. But for
clients, it marks an opportunity to benefit from the flexibility,
security, and transparency offered by cryptocurrencies while giving
them exposure to perhaps the most tried, tested, and true hedging
instrument in all of human history; Gold. Given gold’s history and
the fact that blockchain technology is now in its 13th year of
existence, tokenizing precious metals is not a new concept. There
are several other competitors serving customers in the gold-backed
crypto market. So why are investors choosing Asia Broadband over
other options? It’s because unlike other players in the market,
Asia Broadband is not a crypto-first company. It’s a publicly
traded mining company available to investors via the
over-the-counter market under the stock symbol AABB with over $100
million in assets. That means it’s one of if not the only company
in the gold-backed token sector of the crypto market that gives
investors access to gold in a “mine-to-token” fashion. All of this
is accessible through the AABB Gold Token, which lives on the
Ethereum blockchain and is ERC-20 compliant. Why The AABB Gold
Token is Both the Present and the Future of Gold-Backed
Cryptocurrencies The minimum price of the AABB Gold Token is always
linked to the spot price of gold at any given moment. Investors
worried about the potential of currency debasement coming to
fruition because of exorbitant money printing by governments around
the world in response to the coronavirus pandemic now have a way to
separate themselves from that possibility. Not only is Asia
Broadband actively mining precious metals just the way it has been
for the last 25 years, but it also maintains a minimum of $30
million USD worth of physical gold in its reserves at any given
time. The company is pledging to use third-party sources for gold
only when it is necessary, with its own physical reserves and
mining operations offering investors precious metals exposure while
they hold the token and benefit from any increase in market demand.
The fact that the token is 100% backed by gold and investors will
benefit from the vertical integration of Asia Broadband offers a
very clear value proposition no other market participant can. The
overwhelmingly positive reception of the token is a reflection of
that. Over $1 million worth of tokens were sold in the first two
weeks of the token’s launch and more than 9,000 active users are
currently holding over 245,000 tokens. Asia Broadband is committing
wholeheartedly to giving investors an entirely new way to balance
their interest in both cryptocurrency and gold. The time to benefit
from a one-of-a-kind “mine-to-token” project like AABB Gold is now.
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