There is a lot to get excited about on AABB as the Company prepares to launch its AABB Gold token (AABBG) an ERC-20 token on Ethereum blockchain. However, prior to deleting others' content, it should only be done with all Moderator's approval. The currency is supported by physical gold blocks at a 1:1 ratio and has a market cap of $2,212,088. One of the main advantages of gold-backed cryptocurrencies is that they are more stable than traditional fiat currencies. Each gold certificate is equivalent to 1 gram of physical gold and the market cap is unknown as of April 2022. Download the apps today! Required KYC/AML procedures in place. Market growth tends to be slower than other cryptocurrencies. For customers, PayAABB lets anyone spend cryptocurrencies through multiple channels, such as SMS, e-mail, and others. This digital wallet includes several characteristics that AABB wishes to leverage to gain market traction. Gold-Backed Tokens 101: How Do They Work? DigixGlobal charges a 1% fee per exchange and assumes the demurrage (shipping) fee. It is important that you do your own due diligence before you invest, and know that we offer you no financial advice. AABB will rely on two revenue-generating streams: transaction fees and the token's market-demand-driven price appreciation. This means that there will never be any AABBG tokens that are not one hundred percent backed by gold. 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. The Company will continue to back the token 100% by. You may visit the projects website for more information about how to get started investing in gold through cryptocurrencies. The discussions are mainly in Stock forums such as StockTwits and Reddit. The proprietary exchange will also add tremendously to transaction fee revenues and allow for the price appreciation of AABBG, influenced by market demand and the limited supply of tokens released into circulation. *Now availableinAABB Wallet App foriOS and Android. There are a total of 5.4 million AABBG tokens, all backed by 100% physical gold worth $30 million. Using the secure wallet, you can transfer AABBG anonymously with one click. AABB management and the development team are excited in anticipation of the approaching Exchange launch. Its a regular cryptocurrency, but it also has some features of stablecoins. The AABBG ecosystem runs on the Ethereum blockchain, which provides a decentralized and secure platform for transactions. https://ca.finance.yahoo.com/news/asia-broadband-signs-definitive-acquisition-155700261.html Asia Broadband Exceeds $1.1 Million in Gold-Backed Cryptocurrency Sales Last Month Prior to Launch of Proprietary Cryptocurrency Exchange 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 cryptocurrency exchange (the Exchange). The Section Below this Line Maintained by Gitreal. CoinMarketCal is the leading economic calendar for cryptoassets (coins, tokens and NFTs). There are several advantages to gold-pegged tokens: However, there are also a few disadvantages: Gold-pegged tokens are a steady asset for those seeking stability in their digital portfolio. AABB management and the development team are thrilled in anticipation of the soon approaching Exchange launch. AABBG provides all of the same store of value and inflation hedge benefits that traditional gold provides, without the headache of dealing with the actual gold. Start Now Trade, Deposit and Store Crypto with our AABB Wallet App Protect your cryptocurrency in our secure, easy-to-use, multi-currency AABB Wallet. Their upcoming exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as BTC, ETH, and LTC. After completion in the coming months, the exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. According to the AABB's wallet website, the AABB Gold (AABBG) token is an ERC-20 token developed on the Ethereum blockchain, and as of February 12th, 2021 more than 17 million AABBG Tokens are reserved to be bought on the wallet. Gold-backed crypto tokens can enable investors to purchase goods and services. AABB will be collecting preliminary drilling samples and publish video footage next week in expectation to confirm further high-grade assay results. In the weeks ahead, the Company will be conducting further due diligence and continuing its negotiations to acquire this tremendous potential acquisition to expeditiously advance AABB into production and an expansion program. Although the "duplicate" empty wallets mode was intended this way, we are in the process of creating a removal for duplicate accounts. Being a source of shareholder value, the AABB Gold token is a strategic offering aimed at diversifying the company's revenue. The system allows users to securely store their tokens and track their balance and transactions. AABB Gold Token. Before starting to trade cryptocurrencies, make sure that you are mindful and fully understand the complexity, risks, and nature or trading cryptocurrencies. AABBG tokens are ERC-20 compliant, meaning you can store them in any Ethereum wallet. Company management is exhilarated with the Tequila project for its potential for rapid expansion, high production, low operating costs and strong contribution to gross profits. AABB management and the development team are thrilled in anticipation of the approaching Exchange launch. Cryptocurrency scams have soared 1,000% since October FTC Tips to Protect Yourself From Cryptocurrency Scam. Offer your customers Bitcoin, Ripple, Ethereum, Litecoin, AABBG & more as a payment option on your website. Click here and scroll towards the bottom to find the registration form. Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis. Further token releases will continue to be backed 100% by additional physical gold acquired from the Companys future mining production, gold purchased from cash reserves or credit. May 10, 2021. In December 2020, Asia Broadband announced its entry into a definitive development agreement with Core State Holdings Corp., a digital assets and crypto wallet creator, to produce a white label gold-backed cryptocurrency coin. "This is a very exciting time of expansion for our mining and digital operations. 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. The amount of gold used to back a particular gold-pegged cryptocurrency. Investors are What Are the Big Data Trends in 2023? This puts even a single ounce of gold out of reach for many investors. Despite cryptocurrencys growing popularity, many would-be cryptocurrency investors are swayed from buying or holding digital assets due to the industrys volatile nature. These certificates can be traded for gold bullion, which can be delivered directly to their address. Subscribe to CoinCentral free newsletter now. Instead, AABBG was founded by Asia Broadband Inc. (AABB). AABB Exchange is the proprietary cryptocurrency exchange of Asia Broadband, Inc. (OTC: AABB), a resource company focused on the manufacture, supply, and sale of precious and base metals, mainly to Asian markets. Gold-backed, also referred to as gold-pegged, cryptocurrencies are backed by the physical value of gold. The price of one gram of gold right now is around $60 so each AABBG token is currently worth around $6. The AABB Gold token is an Ethereum-connected token that is compliant with the ERC-20 standard. Here is how to do it without fearing market volatility, 5 ways crypto payment gateways can transform your business. AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Companys previous gold production success. The tokens (certificates) are secured on the Algorand Wallet, making them easily accessible to investors who already own a wallet. Their system is easy to use and secure, making it a popular choice for investors of all experience levels. For businesses, it provides a safe and secure way to accept payments. The company wishes to carry on this strategy in several Mexican regions. The only exchange you can currently buy DGX is. All content on CaptainAltcoin is provided solely for informational purposes. To buy the token, download the AABB Wallet conveniently from the Google Play Store or Apple Store, create an account, and click on "Convert.". AABB Gold Token Ready to Expand Its Ecosystem, Asia Broadband Confirms Stock Dividend For September Shareholders of Record, Gold Market on the Rise AABBG Token and the Gold Crypto Opportunity. Gold-pegged tokens vary in how theyre backed. The cryptocurrency market has become increasingly bustling lately, with crypto interest growing. The token can only be purchased at Independent Reserve, though talks are in place for PMGT to be listed on other exchanges. Pick and use the world's best blockchain wallet. Copyright 2022 Asia Broadband, Inc. All Rights Reserved, How to tap into the fast-growing crypto user base and grow business, All You Need to Know About Crypto Credit and Debit Cards, Looking to start accepting crypto payments? 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. However, every single ounce is backed by physical gold. Feel free to add any information to the Intro that adheres to the rules of this site. In contrast to other digital assets, AABB Gold is betting on its Mine-to-Token gold-backing. Readers may keep up with AABB developments on the projects official website and social media accounts (Reddit, Twitter, and YouTube). Gold-pegged tokens make it significantly easier for individuals to own gold without ever needing to store it themselves. The Company will continue to back the token 100% by. It can only be purchased using an. You must be logged in to give a plus1 award. PayAABB will support B2B and B2C transactions. Generally, the BCGateway will stimulate transaction growth by allowing for reduced blockchain gas fees for all currencies and increases in speed of deposits, withdrawals, and internal transactions. From a larger focus on DataOps As we approach Earth Day, many families are considering greener ways of commuting, running Financial system development has kept pace with technological progress. This operation will allow users to make fast and secure online payments for products and services using their favorite cryptocurrency. Never Miss Another Opportunity. Additionally, all customer accounts have now been migrated to the BCGateway, which will increase the speed of the AABB Wallet navigation and transaction processing. To access to the Desktop version of the, Nothing has changed, everything is On-Track! 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. However, even though many of these assets have done well, there is currently one asset type with tremendous potential that is being overlooked by many investors. 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. Except if that, Perhaps more executives of AABB are waiting to, Not only that, but judging by the amazing, https://opensea.io/collection/golden-baboons-mining-club, https://etherscan.io/token/0xf7f88d2a9497c974cd5f132a3db6a9ab82df78cd, https://www.otcmarkets.com/stock/AABB/overview, https://www.otcmarkets.com/stock/AABB/news, https://www.otcmarkets.com/stock/AABB/financials, https://www.stocktitan.net/news/AABB/asia-broadband-sets-december-launch-date-for-proprietary-97e217qbixc3.html, https://ca.finance.yahoo.com/news/asia-broadband-signs-definitive-acquisition-155700261.html, https://ca.finance.yahoo.com/news/asia-broadband-exceeds-1-1-154300335.html, https://ca.finance.yahoo.com/news/asia-broadband-prepares-imminent-launch-153000269.html, https://ca.finance.yahoo.com/news/asia-broadband-signs-definitive-joint-161000617.html, https://asiabroadbandinc.com/acaponeta-bonanza-report, https://ca.finance.yahoo.com/news/asia-broadband-increases-stock-dividend-123000573.html, https://ca.finance.yahoo.com/news/asia-broadband-confirms-16-8-123000714.html, https://www.otcmarkets.com/stock/AABB/security. Just recently, over 100 cryptocurrency Exchange trading pairs have been added into to the BCGateway platform. After working as a copywriter for 3 years, Jack was introduced to the crypto industry and hasnt looked back. The Bonanza gold project is another prospective high yield asset addition in the Companys strategic expansion initiative to acquire gold production and increase the AABBs physical gold holdings. One of the fastest-growing forms of cryptocurrency in terms of popularity is a stablecoin. 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. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Coming Soon: Links to the SEC for filing complaints about scam stocks, some information about mining scams, how to spot them, etc. During the transaction, investors are not required to pay any transaction fees. Instantaneous AABB Gold (AABBG), Bitcoin (BTC), Ethereum (ETH), and altcoin transactions with the AABB Wallet. Users can make instant, secure payments using their credit or debit cards. 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. The Acaponeta gold project is another prospective high yield asset addition in the Companys strategic expansion initiative to acquire gold production and increase the AABBs physical gold holdings. The wallet also enables users to send and receive payments in multiple . The Companys hybrid gold-backed AABBG token is an excellent long-term investment. Maximize your profit with the most competitive transaction fees in the industry. 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. Recently, it has received mapping and rock sample assay results with respect to the Letter of Intent to acquire a historic production gold mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. The token uses a gold . Digital tokens backed by gold are a new way to make the best out of the two different markets. In no event shall AABBGoldToken.com, AABBExchange.com, its digital assets (AABB Wallet, AABB Gold, and AABB Exchange), and its parent company Asia Broadband, Inc. be liable to any loss or damage of any kind incurred as a result of the use of these sites or the services presented by the company. The only exchange you can currently buy DGX is Coinsquare, where it can be purchased with Bitcoin (BTC) or Ethereum (ETH). The proceeds from the mine sale back the AABBG token 100%, and the minimum price of the AABBG token is set at the current spot price of gold, to reduce investors' risk. Asia Broadband Inc being the mother company of the AABB gold token network has pledged that it will back the tokens 100% by the reserve. Many new features and capabilities have been added to expand functionality, usability, module additions and market penetration including the web version, Spanish language version and a new Exchange website. This is because the value of gold tends to be less volatile than fiat currencies. AABB management and the development team are thrilled in anticipation of the approaching Exchange launch. 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