News
01 Jun 2021

Reviewing AABB Gold Token: Why It's a Great Long-Term Investment

Most investors are constantly on the prowl for their next great investment idea. In the past few years, several cryptocurrencies such as Bitcoin, Ethereum, and Cardano have all been popular. Tech stocks such as Amazon, Facebook, Netflix, and Google, have all also been a magnet for investors.

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. This asset type are gold-backed tokens. Gold-backed token are pegged to gold and track the price of gold and consequently rise and fall with the price of gold. Both gold and gold-backed token are an excellent investment option right now due to the rapid monetary expansion that is happening around the world.

AABBG – 100% backed by physical gold assets

On March 22, 2021, Asia Broadband, Inc. (OTC: AABB) announced the initial token release of 5.4 million of their AABB Gold (AABBG) tokens, backed by $30 million USD in physical gold that the Company currently holds. AABBG is not a stablecoin but has the stable quality of a stable coins with the token price supported at a of 0.1 grams of the spot price of gold.

The token will continue to be backed 100% by additional physical gold acquired from future mining production, gold purchased from cash reserves or credit. This vertical integration of Mine-to-Token gold-backing makes AABB Gold tokens stand out in the marketplace.

New tokens are only released based on the amount of gold the Company holds

To ensure that every single AABBG token is backed by gold, the Company only releases new tokens when it has the gold in their reserve. This means that there will never be any AABBG tokens that are not one hundred percent backed by gold.

AABBG tokens are backed by grams of gold instead of ounces, making it more affordable for the everyday investor

Currently, the price of gold is around $1,900. This puts even a single ounce of gold out of reach for many investors. Because of this fact, the Company decided to price its gold-backed tokens in grams of gold instead of ounces of gold. AABBG tokens represent one tenth of a gram of gold. The price of one gram of gold right now is around $60 so each AABBG token is currently worth around $6. This price fluctuates with the price movements of gold.

Asia Broadband has their own AABB Wallet and they are building their own Proprietary Crypto Exchange

The Company partnered with Core State Holdings Corp. to develop their own crypto wallet and exchange to provide a much more seamless and enjoyable token buying and storing experience to its customers. 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. Additionally, AABBG will have the same potential for price appreciation as major cryptocurrencies, based on market demand combined with the limited supply of tokens in circulation.

Asia Broadband, Inc. is growing quickly

Asia Broadband, Inc. is a US-based junior resource miner and explorer with mining operations predominantly in Latin America. In Q1 2021, they reported $67.76MM, attributable to selling their mining property in Guerrero, Mexico, providing AABB with $52MM in cash, $30MM in remuneration in gold bullion, and a 28% equity reassignment back to their Company.

The Company now has over $100 million in assets, which is roughly five times as much as it had the previous year. 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 Acaponeta gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.

Conclusion

The Company’s hybrid gold-backed AABBG token is an excellent long-term investment. This is because it can give investors exposure to gold without having to buy and store the underlying gold asset. Not only is it infinitely more convenient to own AABBG than it is to own actual gold, but it is also infinitely more transportable. If you try to transport bars of gold across international lines, you can have your gold seized by the local government. However, gold-backed tokens can automatically be transported over international lines. All you need is a smartphone.

Additionally, with AABBG, you will not have to pay to have the gold stored in a vault. This will help you to save money and increase the returns on your investment. 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. However, every single ounce is backed by physical gold. So, if you are looking for a good inflation hedge with a lot of upside potential, AABBG is a great option.

 

(Sponsored Article)

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