Cryptocurrencies are extremely unstable property. Even Bitcoin, probably the most useful cryptocurrency on the planet by market capitalization, continues to be topic to twenty% to 30% swings in value on any given day.
This regardless of the very fact it’s the pioneering crypto undertaking chargeable for birthing your entire blockchain know-how business starting with the publishing of the unique Bitcoin whitepaper by Satoshi Nakamoto method again in 2008.
At present, cryptocurrencies supply buyers and customers every kind of advantages and built-in utility, together with self-executing good contracts, decentralized finance initiatives that pay out a better annual yield than a centralized financial institution would ever give to a buyer, non-fungible tokens that present house owners with social standing and the potential for enormous income, and extra.
Though every of the above advantages of cryptocurrencies stretches properly past a fundamental decentralized peer-to-peer fee system like Bitcoin, they don’t essentially match the targets of each investor. There may be an in-between investor that also needs their cryptocurrencies backed by real-world property reminiscent of treasured metals.
That’s the place Asia Broadband (OTC: AABB) is available in.
Why Shoppers Are Selecting Asia Broadband
Asia Broadband provides each treasured and base metals mined in Mexico to shoppers throughout Asia. The corporate is in its 25th yr of doing enterprise. It’s publicly listed in the USA and permits shoppers to learn from the vertical integration of its worth chain.
The corporate’s transfer into cryptocurrency marks an journey into uncharted waters. However for shoppers, it marks a possibility to learn from the flexibleness, safety, and transparency provided by cryptocurrencies whereas giving them publicity to maybe probably the most tried, examined, and true hedging instrument in all of human historical past; Gold.
Given gold’s historical past and the truth that blockchain know-how is now in its 13th yr of existence, tokenizing treasured metals is just not a brand new idea. There are a number of different opponents serving clients within the gold-backed crypto market. So why are buyers selecting Asia Broadband over different choices?
It’s as a result of not like different gamers out there, Asia Broadband is just not a crypto-first firm.
It’s a publicly traded mining firm accessible to buyers through the over-the-counter market underneath the inventory image AABB with over $100 million in property. Meaning it’s one among if not the one firm within the gold-backed token sector of the crypto market that offers buyers entry to gold in a “mine-to-token” style. All of that is accessible by way of the AABB Gold Token, which lives on the Ethereum blockchain and is ERC-20 compliant.
Why The AABB Gold Token is Each the Current and the Way forward for Gold-Backed Cryptocurrencies
The minimal value of the AABB Gold Token is all the time linked to the spot value of gold at any given second. Traders nervous in regards to the potential of forex debasement coming to fruition due to exorbitant cash printing by governments world wide in response to the coronavirus pandemic now have a method to separate themselves from that chance.
Not solely is Asia Broadband actively mining treasured metals simply the best way it has been for the final 25 years, however it additionally maintains a minimal of $30 million USD value of bodily gold in its reserves at any given time.
The corporate is pledging to make use of third-party sources for gold solely when it’s obligatory, with its personal bodily reserves and mining operations providing buyers treasured metals publicity whereas they maintain the token and profit from any enhance in market demand.
The truth that the token is 100% backed by gold and buyers will profit from the vertical integration of Asia Broadband affords a really clear worth proposition no different market participant can. The overwhelmingly constructive reception of the token is a mirrored image of that.
Over $1 million value of tokens had been bought within the first two weeks of the token’s launch and greater than 9,000 energetic customers are presently holding over 245,000 tokens.
Asia Broadband is committing wholeheartedly to giving buyers a wholly new method to steadiness their curiosity in each cryptocurrency and gold. The time to learn from a one-of-a-kind “mine-to-token” undertaking like AABB Gold is now.