Investors can now take advantage of the innovation of cryptocurrencies with the stability of gold prices. Asia Broadband’s AABB Gold token marries the two concepts to provide the benefits of both gold and cryptocurrencies. The company’s new offering aims to maintain the prospect of great returns from the two markets in case of price appreciation.
AABB Gold Token Assures Low Volatility
Asia Broadband primarily deals in the supply and sales of precious and base metals to customers in Asian markets. To expand its network, it intends to acquire high potential mining projects in Mexico. The company has $100 million in assets and claims that its cryptocurrency is 100% backed by real gold, which belongs to the company’s mining production segment.
Built on the Ethereum blockchain, the AABBG Token is being promoted as a digital asset with the qualities of a stablecoin. Asia Broadband suggests that its offering guarantees lower volatility compared to other virtual currencies because its price is supported by actual gold and its value is based on gold prices and market demand. The token is tied to a 0.1-gram gold price, which is currently valued at $6.09.
Asia Broadband launched the token in March 2021. The AABB Gold Token made $1 million within the first two weeks of its launch.
AABBG Prices Could Skyrocket Like Major Cryptos
Owing to a partnership between Core State Holdings Corp. and Asia Broadband, a next-level digital modular assets exchange will be available for the currency in September 2021, making it tradeable with other cryptos. The exchange will have features that enable the issuance of secure crypto loans, credit and gift cards, and a module to connect retail chains.
With the upcoming proprietary crypto exchange, Asia Broadband believes that AABBG prices could witness an upward swing like Bitcoin, as a consequence of its market demand and limited supply in circulation.
Recently, markets have seen investors hoarding gold and cryptocurrencies to escape the effects of inflation on their assets. Gold has performed extremely well under the pressure and remains a dependable choice due to its stability. Asia Broadband is hoping that rising gold prices will push AABBG upwards, making it a great option to store investments and carrying out financial transactions.