August 17, 2022

Asia Broadband, Inc. (OTC:AABB) is a useful resource firm centered across the manufacturing, provide, and sale of metals, focusing totally on Asian markets. They purchase extremely potential gold tasks in Latin America after which distribute manufacturing all through their in depth world gross sales community.

Asia Broadband at present holds over $100 million in belongings, a 500% enhance from final yr. The corporate is buying and selling in consolidation mode and reached new highs in February, resulting in the year-to-date inventory being up over 1,500%.

Not too long ago, the corporate introduced it had obtained $2.8 million. The supply of their new capital got here from 4 administrators of Asia Broadband for the acquisition of most popular shares.

The 28 million non-convertible, most popular shares had been issued at $0.10 per share with every share, with 100 voting rights and equal participation with widespread shares for all future dividends.

Asia Broadband President and CEO Chris Torres bought $2.4 million of the full most popular share issuance, stating: “Our complete administration group is dedicated to the corporate’s progress and profitability and we have now emphatically demonstrated this with a considerable long-term funding to gasoline the enlargement of our gold manufacturing and digital asset divisions. Our focus and willpower to reach each space of the corporate’s enterprise has intensified now with our capital contribution.”

All capital obtained will likely be distributed amongst Asia Broadband’s capital enlargement applications.

On prime of their coping with metals, Asia Broadband additionally has a number of digital asset sectors, together with a digital asset pockets and a gold pegged digital asset.

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AABB Pockets

Final yr, Asia Broadband launched its personal digital asset pockets referred to as the AABB Pockets. The pockets was designed to maintain your digital belongings safe and your information personal. The AABB Pockets collects no information, and each transaction made by means of them is totally invisible to 3rd events.

The AABB Pockets is open to trades and purchases for these seeking to switch AABB Gold tokens (AABBG) to different AABB Pockets customers. That is completed to extend AABB Gold token circulation and generate income to assist and stabilize the token worth as soon as AABBG is overtly tradable.

The pockets has many stand-out options that make it a novel possibility amongst different digital asset wallets. This contains immediately sending and receiving digital belongings with no deposit charges and low transaction charges. The iTransfer characteristic permits customers to securely ship AABB Gold and different digital belongings through e-mail, textual content, social media, and extra.

The pockets may also be releasing a Service provider API characteristic which is able to permit B2B and B2C transactions to be made utilizing the AABB Pockets. This characteristic will permit retailers to ascertain loyalty applications whereas additionally letting clients earn cashback.

Lastly, Asia Broadband is growing a web-based digital asset cost processing answer permitting companies to just accept world digital belongings from their website.

AABB Gold

The beforehand talked about AABB Gold is Asia Broadband’s digital asset and is backed by bodily gold. Being pegged with gold permits the asset to profit from each gold and digital asset options, guaranteeing it’ll keep the potential for worth appreciation from each markets.

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Whereas AABB Gold is a conventional digital asset, it has the qualities of a stablecoin. The token’s worth is supported at a minimal of 0.1 grams spot worth of gold and is backed by $30 million in bodily gold.

AABB Gold’s most original side that units it other than different digital belongings is its vertical integration of Mine-to-Token gold-backing. Asia Broadband holds bodily gold belongings to completely again the token from the mining manufacturing section of the corporate.

As the corporate progresses, it’ll proceed to optimize its capital utilization by implementing its mining manufacturing and acquisition technique in areas of Mexico. Additionally, the corporate’s digital asset divisions just like the AABB Gold token, AABB Pockets, AABB Change and NFTs will proceed increasing and growing at an accelerated price as time progresses.