Gold Token (AABBG) Backed by 100% Physical Gold
On March 9th, 2021 Asia Broadband Inc. AABB Stock described the features of the Company’s cryptocurrency wallet and gold token (AABBG).
The Gold token is supported 100% by physical gold held by the Company in numerous high security private locations. The Company will continue to back the token with further physical gold. This is attained from future mining production and gold bought from cash reserves or credit. The initial token release will be supported by $30 million in physical gold currently held. Gold will fluctuate, so the supported price of the AABBG token will increase or decrease. However, the possible upside price of the token will be determined by market demand.
To buy the Asia Broadband (OTCMKTS: AABB) Gold token, you will need to download the Asia Broadband Wallet. Then, register through the Android or Apple App Stores. This can be done on a smartphone or on the https://AABBGoldToken.com website. In the Wallet, the token will be available for buying in exchange for other key cryptocurrencies. Such as Bitcoin, Ethereum and Litecoin. Meaning, buyers need to have existing cryptocurrency in any third-party wallet such as Coinbase or Binance. Buyers can deposit cryptocurrency from their third-party wallet into their Asia Broadband Wallet. This is needed to exchange and purchase the Asia Broadband Gold token (AABBG).
The Asia Broadband (OTCMKTS: AABB) Wallet will permit buyers to transfer AABBG tokens to others that also have the Asia Broadband Wallet. Initially token will not be transferable in the AABB Wallet for other cryptocurrencies. This opening version of the Asia Broadband Wallet will permit for the rise in token circulation. Also, it will offer the buildup of revenues to be used for the support and stabilization of the token price. This is for when AABBG is freely transferrable in the open market.
Asia Broadband (OTCMKTS: AABB) Plan
Asia Broadband Inc. (OTCMKTS: AABB) is presently evolving its own proprietary cryptocurrency Exchange. This will allow Wallet users to rapidly exchange their Asia Broadband Gold tokens for major cryptocurrencies.
The main goal for the token is to become a global standard of exchange. Which is secured and trusted with gold backing. This can be achieved by increasing token circulation targeted in large populations and high growth markets. These include China and East Asia. The promotion efforts are intended to boom brand exposure and reputation. As well as, grow the use of the Asia Broadband (OTCMKTS: AABB) Gold token and Wallet. And finally, to strengthen public and investment community awareness of the Company.
Asia Broadband Inc. AABB Stock will broadcast the token release and its accessibility for sale imminently. After the last steps of testing are complete.
Asia Broadband (OTCMKTS: AABB) Video
From the video:
The company announced specifics of the characteristics of the it’s AABB Gold (AABBG) cryptocurrency wallet and token developed by Core State Holdings, Corp. The AABB Gold Token known as AABBG is backed 100% by physical gold held by the Company in several high security, private locations in Mexico. 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. The initial token release will be backed by $30 million in physical gold the Company currently holds.
At today’s market price of gold, this initial token release will be approximately 5.5 million tokens at the one-tenth gram of gold price for each AABBG token. The token price will also be tied to and supported by the Company at the market price of gold at a minimum. As the price of gold fluctuates, the minimum supported price of the AABBG token will increase or decrease, but the potential upside price of the token will be driven by market demand. In order to buy the AABB Gold token purchasers must download the AABB Wallet and register through the Android Google Play and Apple App Store on their smartphones or through the AABBGoldToken.com website. Within the AABB Wallet, the token will only be available for purchase in exchange for other major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Therefore, purchasers will need to hold existing cryptocurrency in any third party wallet such as Coinbase or Binance.
The Company will announce the token release and its availability for sale imminently, when the final stages of testing are complete.