Asia Broadband’s Holdings Explode by 500% as the Company Continues Connecting the Dots Between Gold and Digital Assets
May 11 2022 - 12:28AM
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Asia Broadband, Inc. (OTC:AABB) is a resource company centered
around the production, supply, and sale of metals, focusing
primarily on Asian markets. They acquire highly prospective gold
projects in Latin America and then distribute production throughout
their extensive global sales network. Asia Broadband currently
holds over $100 million in assets, a 500% increase from last year.
The company is trading in consolidation mode and reached new highs
in February, leading to the year-to-date stock being up over
1,500%. Recently, the company announced it had received $2.8
million. The source of their new capital came from four directors
of Asia Broadband for the purchase of preferred shares. The 28
million non-convertible, preferred shares were issued at $0.10 per
share with each share, with 100 voting rights and equal
participation with common shares for all future dividends. Asia
Broadband President and CEO Chris Torres purchased $2.4 million of
the total preferred share issuance, stating: “Our entire management
team is committed to the company’s growth and profitability and we
have emphatically demonstrated this with a substantial long-term
investment to fuel the expansion of our gold production and digital
asset divisions. Our focus and determination to succeed in every
area of the company’s business has intensified now with our capital
contribution.” All capital received will be distributed among Asia
Broadband’s capital expansion programs. On top of their dealing
with metals, Asia Broadband also has multiple digital asset
sectors, including a digital asset wallet and a gold pegged digital
asset. AABB Wallet Last year, Asia Broadband launched its own
digital asset wallet called the AABB Wallet. The wallet was
designed to keep your digital assets secure and your data private.
The AABB Wallet collects no data, and every transaction made
through them is entirely invisible to third parties. The AABB
Wallet is open to trades and purchases for those looking to
transfer AABB Gold tokens (AABBG) to other AABB Wallet users. This
is done to increase AABB Gold token circulation and generate
revenue to support and stabilize the token price once AABBG is
openly tradable. The wallet has many stand-out features that make
it a unique option amongst other digital asset wallets. This
includes instantly sending and receiving digital assets with no
deposit fees and low transaction fees. The iTransfer feature allows
users to securely send AABB Gold and other digital assets via
email, text, social media, and more. The wallet will also be
releasing a Merchant API feature which will allow B2B and B2C
transactions to be made using the AABB Wallet. This feature will
allow merchants to establish loyalty programs while also letting
customers earn cashback. Finally, Asia Broadband is developing an
online digital asset payment processing solution allowing
businesses to accept global digital assets from their site. AABB
Gold The previously mentioned AABB Gold is Asia Broadband’s digital
asset and is backed by physical gold. Being pegged with gold allows
the asset to benefit from both gold and digital asset features,
ensuring it will maintain the potential for price appreciation from
both markets. While AABB Gold is a traditional digital asset, it
has the qualities of a stablecoin. The token’s price is supported
at a minimum of 0.1 grams spot price of gold and is backed by $30
million in physical gold. AABB Gold’s most unique aspect that sets
it apart from other digital assets is its vertical integration of
Mine-to-Token gold-backing. Asia Broadband holds physical gold
assets to entirely back the token from the mining production
segment of the company. As the company progresses, it will continue
to optimize its capital utilization by implementing its mining
production and acquisition strategy in regions of Mexico. Also, the
company’s digital asset divisions like the AABB Gold token, AABB
Wallet, AABB Exchange and NFTs will continue expanding and
developing at an accelerated rate as time progresses.
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