On March 22, 2021, Asia Broadband, Inc. (OTC: AABB) announced the initial token release of 5.4 million of their AABB Gold (AABBG) tokens, backed by $30 million USD in physical gold that the Company currently holds. The token tracker page also shows the analytics and historical data. May 10, 2021. AABB's primary goal for the token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales . , and NFTs to succeed. AABB Gold (AABBG) Token Tracker on Etherscan shows the price of the Token $0.00, total supply 500,000,000, number of holders 70 and updated information of the token. As of February 12th, 2021, the wallet is not available, but a pre-registration form is available in order to purchase tokens on the AABB Wallet. How Do Gold-Backed Cryptocurrencies Work? New moderators should add their content to the bottom of the Intro. , a hybrid ERC-20 cryptocurrency, went live in March 2021 under the AABBG symbol. The Company came to terms with owner Juan Enrique Michel Arambula Y Socios for the 66.6792 hectare concession # 219165, La Guadalupe, located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. In general, AABB is uniquely leveraging its physical gold assets from mining production into sales of price-appreciating AABBG tokens over time." (Chris Torres, President, CEO, COO & Director) Over $1 million of AABBG tokens were sold in the first few weeks of launch. PayAABB is a new crypto payment service offering users several features and benefits. Trade crypto instantly anytime, anywhere with the AABB Exchange, a cryptocurrency platform for investing in digital assets with a single tap. Some of the most significant gold values were 10.4 grams per ton (g/t), 8.9 (g/t) and 6.8 (g/t). Gold-pegged tokens vary in how theyre backed. The Company is highly encouraged by the viability of these preliminary results that strongly indicate that targeted drilling samples directed by geophysics data could confirm similar high-grade mineralization values and concentrations throughout the property. For users to receive AABB Gold tokens . Get free cryptos by joining our referral program. The Tether Gold reserves are held in Swiss vaults and investors are required to pay a small 0.25% fee per transaction. The AABB Exchange allows token holders to exchange AABBG for other cryptocurrencies such as Litecoin, Ethereum, or Bitcoin. The projects ecosystem relies on the AABB Gold token. To access to the Desktop version of the, Nothing has changed, everything is On-Track! , which are commonly held at banks and other third-party institutions. Investors are What Are the Big Data Trends in 2023? AABB is a resource company focused on the production, supply, and sale of precious and base metals. AABB aims to make its token a worldwide standard of exchange that is secured, stable, and trusted with gold backing, providing unique and outstanding qualities compared to other cryptocurrencies. Just recently, over 100 cryptocurrency Exchange trading pairs have been added into to the BCGateway platform. Jack Cole is a crypto expert specializing in NFTs and P2E gaming. The discussions are mainly in Stock forums such as StockTwits and Reddit. Both gold and gold-backed token are an excellent investment option right now due to the rapid monetary expansion that is happening around the world. However, what if cryptocurrency could mimic the price of gold, while maintaining the advantages of its digital nature? We recommend that all moderators group and delineate their content into a section by adding a horizontal line to the top and bottom, and indicating at the top of the section, for example "This section maintained by [alias]". * We are not affiliated or sellers of any AABB or AABBG or its companies or services. Metals are the primary emphasis of Asia Broadband, a corporation specializing in metal manufacturing, supply, and sale. CaptainAltcoin.com does not offer any sort of financial or investment advice. Copyright 2023 TechBullion. Another advantage of gold-backed cryptocurrencies is that they offer a way to invest in gold without physically owning it. The launch aimed to give investors a way to protect data and digital assets privately. The Company will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. It is not available on Robinhood. Asia Broadband, Inc. (OTC: AABB), is a resource company focused on the production, supply, and sale of precious and base metals, primarily to Asian markets. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. Your official stop for branded AABB and AABBG apparel & merchandise. Established in 1996, Asia Broadband, Inc. is a high-margin resource company focused on the production, supply, and sale of precious and base metals to primarily Asian markets. Send AABB Gold and other crypto securely by email, SMS or social media. Additionally, the Company has made arrangements to release more tokens . Meld launched a partnership program to attract leaders in the gold, financial and technology sectors to collaborate and brainstorm the tokens future. AABB Gold Token. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a world-wide standard of exchange that is secured. AABB Gold Token. We are in the process of releasing an update this week to address certain minor issue. Using the secure wallet, you can transfer AABBG anonymously with one click. Gold-backed token are pegged to gold and track the price of gold and consequently rise and fall with the price of gold. The token price is tied to and supported by the Company at the market price of gold at a minimum. AABB Gold tokens (AABBG) are available on the market through this wallet system. AABBG tokens are backed by grams of gold instead of ounces, making it more affordable for the everyday investor Currently, the price of gold is around $1,900. AABBs primary goal for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales markets of North America and Europe and expand globally to other predominant and high growth market areas. Due to its link with gold, AABBG may grow in price following events in the crypto and precious metals markets. The launch aimed to give investors a way to protect data and digital assets privately. Because of this fact, the Company decided to price its gold-backed tokens in grams of gold instead of ounces of gold. For example, we can mention the possibility of sending coins via e-mail or SMS through iTransfer. The tokens (certificates) are secured on the Algorand Wallet, making them easily accessible to investors who already own a wallet. The Company now has over $100 million in assets, which is roughly five times as much as it had the previous year. It is important that you do your own due diligence before you invest, and know that we offer you no financial advice. AABB management and the development team are excited in anticipation of the approaching Exchange launch. Protect your cryptocurrency in our secure, easy-to-use, multi-currency AABB Wallet. It can be held in the form of physical bullions and stored at home, or holders can pay a storage facility to hold them for a fee. The companys mining production and acquisition plan will represent an essential engine in the projects growth. AABB is also venturing into the digital asset sphere as the company has already released a gold-backed cryptocurrency and launched its crypto wallet to store and transfer crypto. Additionally, it offers a variety of features that make it more convenient to use. An innovative distribution system is possible through the companys vast industry relationships. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. After working as a copywriter for 3 years, Jack was introduced to the crypto industry and hasnt looked back. The AABB Gold token (AABBG) is backed 100% by physical gold held by Asia Broadband, Inc., with the initial token release backed by $30 million in physical gold. AABB management and the development team are thrilled in anticipation of the approaching Exchange launch. Users can make instant, secure payments using their credit or debit cards. Trade pairs for exchange are also being created from this growing list of cryptocurrencies. The. Gold Coin (GLC) is an ERC-20 coin developed by Digital Gold LTD. Here's a good one for starters.. More links coming.in the meantime..here's some good stuff about cryptocurrency and how most of them are set up by scammers, they are worth absolutely nothing, cannot be used for anything, and cannot be redeemed. The gold is stored in both Singapore and Canada, which is a unique value add compared to other gold-backed tokens on this list; by having storage locations in two parts of the world, the risks of just having a single location are mitigated. Due to high volatility, the price of cryptocurrencies may go up or down radically within a short time span, resulting in a potential loss of value of your entire investment in cryptocurrencies, including a complete or partial loss of purchasing power, and difficulty or a complete inability to sell or exchange your currency. At the token launch, 5.4 million tokens were made available at one-tenth (0.1) gram of the price of gold, establishing a price of approximately USD 5.60 for each AABBG token. There have now been 150 cryptocurrency Exchange trading pairs added into to the BCGateway platform and 50 more trading pairs are planned to be added in the coming weeks. It is a popular crypto wallet choice offering several advantages, including high security, ease of use, and flexibility. Tether Gold can be purchased on Coinbase. Asia Broadbands subsidiary, Asia Metals Inc., focuses on purchasing high-potential gold assets in well-established mining communities throughout Mexico. *AABB Exchange (Mobile Version)- Launched: Tuesday, March 21st, 2022. AABB Gold token (AABBG) The AABBG token is a creation of Asia Broadband, a company focused on the manufacture and supply of precious and base metals in the Asian markets. *Now availableinAABB Wallet App foriOS and Android. To compile our list of the most popular gold-pegged tokens, we evaluated the company that created the token, the current market cap, and the unique features of each project. If you do decide to trade or purchase/short cryptocurrencies, please make sure you are allocating only that portion of funds that you can risk and can afford to lose. Feel free to add any information to the Intro that adheres to the rules of this site. Today we will analyze this concept for educational purposes and mention the, When Gold Investors Meet Cryptocurrencies, With actual gold as its backing, AABB Gold is a popular. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. The team that launched the AABBG Token has worked for years in the gold sector. The AABB Gold token (AABBG) is backed 100% by physical gold held by the Company in several high security, private locations in Mexico. Additionally, AABBG will have the same potential for price appreciation as major cryptocurrencies, based on market demand combined with the limited supply of tokens in circulation. All Rights Reserved. LAS VEGAS, Nov. 17, 2021 (GLOBE NEWSWIRE) -- via InvestorWire - Asia Broadband Inc. (OTC: AABB) ("AABB" or the "Company") is pleased to announce that the Company has recorded over $1.1 million in AABBG Gold Token sales within the recent 4 week period ending November 15, in advance of the imminent launch of the proprietary . Each token is equivalent to one troy ounce of a London Right Delivery bar of gold. AABB expects to retire additional shares to the Company treasury in the near future with the ongoing plans to continue the shareholder value initiative. This price fluctuates with the price movements of gold. AABB management and the development team are thrilled in anticipation of the soon approaching Exchange launch. As a hybrid cryptocurrency backed by the underlying price of gold, AABBG functions in the same way as a stablecoin with the token price supported at a minimum of 0.1 grams of the spot price of gold. 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