Cryptocurrencies are very unstable belongings. Even Bitcoin, the world’s most beneficial cryptocurrency by market capitalization, continues to be topic to 20-30% value fluctuations on any given day.
This regardless of the very fact that it’s the groundbreaking crypto undertaking that’s answerable for the delivery of the complete blockchain know-how business, beginning with the publication of Satoshi Nakamoto’s unique Bitcoin white paper in 2008.
At present, cryptocurrencies provide buyers and customers all types of advantages and built-in advantages, together with self-executing sensible contracts, decentralized finance initiatives that pay out a better annual price of return than a centralized financial institution would ever give a buyer, non-fungible tokens that present social standing and possession to homeowners the potential for big income and extra.
Whereas every of the above cryptocurrency advantages go properly past a easy decentralized peer-to-peer fee system like Bitcoin, they do not essentially match each investor’s targets. There’s one intermediate investor who nonetheless desires their cryptocurrencies to be backed by actual belongings like valuable metals.
That is the place Asia Broadband (OTC: AABB) is available in.
Why clients select broadband in Asia
Asia Broadband provides valuable and base metals mined in Mexico to clients throughout Asia. The corporate is in its 25thNS 12 months of enterprise exercise. It’s listed in the US and allows clients to profit from the vertical integration of its worth chain.
The corporate’s change to cryptocurrency marks an journey in uncharted waters. However for purchasers it is a chance to profit from the pliability, safety and transparency of cryptocurrencies whereas providing them what is probably probably the most confirmed, examined and true hedging instrument in all of human historical past. Gold.
Given the historical past of gold and the truth that blockchain know-how is now in its 13 yearsNS Within the 12 months of its existence, tokenization of valuable metals just isn’t a brand new idea. There are a number of different rivals serving clients within the gold-backed crypto market. Why do buyers select Asia Broadband over different choices?
That is as a result of, in contrast to different market gamers, Asia Broadband just isn’t 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 belongings in extra of $ 100 million. Because of this it’s considered one of, 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” trend. All of that is accessible through the AABB Gold Token, which lives on the Ethereum blockchain and is ERC-20 appropriate.
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 at all times linked to the spot value of gold at a sure cut-off date. Traders frightened concerning the potential for forex devaluation resulting from exorbitant cash pressures from governments world wide in response to the coronavirus pandemic now have a method to eliminate that chance.
Along with actively mining valuable metals, because it has for the previous 25 years, Asia Broadband additionally holds at the least $ 30 million value of bodily gold in its reserves always.
The corporate is dedicated to utilizing third-party sources for gold solely when wanted, with its personal bodily reserves and mining operations offering buyers with publicity to valuable metals whereas they maintain the token and profit from rising market demand.
The truth that the token is 100% gold backed and buyers will profit from Asia Broadband’s vertical integration presents a really clear worth proposition that no different market participant can. The overwhelmingly constructive reception of the token displays this.
Over $ 1 million tokens have been bought within the first two weeks after the token was launched, and greater than 9,000 lively customers presently maintain over 245,000 tokens.
Asia Broadband is wholeheartedly dedicated to offering buyers with a completely new method to stability their curiosity in cryptocurrency and gold. Now could be the time to make the most of a novel mine-to-token undertaking like AABB Gold.