CryptoNewsBreaks – Asia Broadband Inc. (AABB) Launches Sales of Gold-Backed Cryptocurrency Token
Asia Broadband (OTC: AABB) announced the sales launch of its AABB Gold (“AABBG”) cryptocurrency token. The token was developed by Core State Holdings Corp. (“CSHC”). The announcement noted that AABB Wallet users who want to purchase the new tokens must update the AABB Wallet app or install the latest version of the app as well as pass the Know Your Client (“KYC”) process. Because the new token will only be available for purchase in exchange for other major cryptocurrencies including Bitcoin, Ethereum and Litecoin, those wanting to purchase AABB Gold token will need to own cryptocurrency in a third-party wallet. To make the transaction, users deposit cryptocurrency from their third-party wallet into their AABB Wallet in order to exchange and purchase the AABB Gold token. Asia Broadband noted that the initial release of its exclusive AABBG token is backed by $30 million in physical gold that the company currently holds. This initial token release available for purchase is 5.4 million tokens at the one-tenth (0.1) gram of gold price, or approximately $5.60 for each AABBG token. That price is tied to and supported by AABB at the market price of gold at a minimum. Because of the gold backing and the fluctuating price of gold, the company noted that the minimum supported price of its AABBG token would increase or decrease, driven by market demand. The announcement noted that AABB is also developing an exclusive cryptocurrency exchange designed to enable AABB Wallet users to quickly exchange their AABB Gold tokens for major cryptocurrencies. AABB is working toward its primary goal, which is for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing.
To view the full press release, please visit https://ccw.fm/8M9Qv
About Asia Broadband
Asia Broadband, through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. AABB also is releasing a freshly minted mine-to-token, gold-backed cryptocurrency and expects to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. For more information about the company, please visit www.AsiaBroadbandInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ccw.fm/AABB
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