Global governments have flooded economies with an unprecedented amount of fiscal stimulus, with most G20 countries injecting stimulus worth between 10-55% of GDP. The costs of such stimulus are enormous, and investors have been worrying about mounting debts around the world. Add to that the prospects of higher inflation, which could lead to interest rate hikes, and investment opportunities could start drying up.
Central banks have also been flooding their economies with money, leading to concerns about fiat currencies losing value. As a result, both gold and cryptocurrencies have been seeing additional interest.
Borrowing from tomorrow to spend today can only be sustainable for so long. When the tide goes out, who’s going to be left swimming exposed?
Gold as a Store of Value
Gold has spent thousands of years as a reliable store of value, such that central banks and governments around the world own gold as a reserve asset. Up until the 1970s, even the US dollar was backed by gold. This safe haven asset has been stored, mined, and traded as a scarce commodity.
Gold has limited supply, can be transported reasonably well, and has maintained its purchasing power over time. Whether you are a gold bug or Bitcoin maximalist, the idea behind investing in commodities like precious metals is to hedge against devalued fiat currencies.
When Bitcoin was first introduced, it was touted as a form of “digital gold.” Cryptocurrencies created using blockchain technology offer a peer-to-peer network for money transfer that is secure, discreet, and fast. Transaction fees can be low, for any amount of money, and global transfers can occur at any time. Cryptocurrencies can also be created with limited supply, introducing a scarcity factor into valuations.
What is AABBG Token – Marrying Gold Stability with Crypto Innovation
In the spirit of merging gold stability with crypto innovation, Asia Broadband, Inc. (OTC: AABB) has created a cryptocurrency AABB Gold (AABBG) backed by physical gold. Gold backed tokens can benefit from both gold and cryptocurrency features, while maintaining the potential for price appreciation from both markets. The main advantages of AABBG are as follows:
Stability in value
The minimum token price is linked to the current spot price of gold, which means the token benefits from the lower volatility of gold relative to the cryptocurrency space, offering a sense of stability. Given fears of devalued fiat currencies, the bull case for gold remains intact, and AABBG could also rise as a function of increasing gold prices. As the price of gold fluctuates, the floor for AABBG token can change, but the potential upside price of the token will be driven by market demand.
Revolutionary Mine-To-Token Product
The AABB Gold Token is a hybrid cryptocurrency backed by gold mines owned and operated by Asia Broadband, Inc. and $30 million in physical gold reserves. The company has pledged to back the tokens 100% by reserves, with its own mining projects as a unique source, along with traditional third-party sources as a backup. The vertically integrated Mine-To-Token concept is a one of its kind product.
Unlike most gold-backed token projects, Asia Broadband, Inc. brings a wealth of experience about the precious metal industry to the table. Involvement in the production process, beginning with mining, provides a unique network that spans from the acquisition of gold projects in Mexico to extensive client sales networks in Asia. Global sales relationships add to the potential for AABBG demand.
In addition to aggressively pursuing company growth, AABB is executing plans to launch a proprietary exchange in early September 2021. This will allow AABBG token holders to have quick and easy access to liquidity and exchange the token for other cryptocurrencies such as Litecoin, Ethereum, or Bitcoin.
The exchange platform transaction revenues can further improve token valuation, possibly leading to price appreciation. Considering the limited amount of token supply, owning the tokens before an exchange listing presents an appealing opportunity.
AABBG Token and Wallet Features
To begin with, the token has a maximum supply of only 5.4 million tokens backed by $30 million worth of physical gold. Tokens will only be released if additional reserves are acquired. Each token is backed by 0.1 gram of gold, and each token is supported by 100% physical gold. Within the first 2 weeks of launch over $1 million tokens were successfully sold.
AABB Wallet features include:
- Fast and efficient B2B and B2C transactions
- Data privacy as transactions remain invisible to third parties
- Instant sending and receiving of crypto, via email, SMS, or social media
- Referral program for extra earnings
- Passphrase and PIN code protection
- Sample of assets supported: AABBG, Bitcoin, Ethereum, Litecoin, PerksCoin, Dash, Cardano, EOS, Tron, Iota, and more!
- Setup loyalty programs for customers to earn cashback rewards
How to Buy AABBG
To buy the token, download the AABB Wallet conveniently from the Google Play Store or Apple Store, create an account, and click on “Convert.” After going through the Know Your Client (KYC) process, you can purchase AABBG. Using the secure wallet, you can transfer AABBG anonymously with one click.
Looking ahead to the future of AABBG
Asia Broadband, Inc. (OTC: AABB), the company behind AABBG token creation, is focused on growth and expansion to the benefit of its stakeholders. In March of this year, AABB stock experienced a parabolic rally of over 100% in a matter of days, on the backdrop of news about increased dividends to shareholders. The company is also aggressively targeting gold projects to bring into production quickly to back future token sales.
AABBG stands to become a worldwide standard of exchange secured by gold backing, with global sales bolstered by Asia Broadband’s roots in selling gold globally. Expanding token circulation will improve with market demand and the commitment to marketing in high-growth regions.
As the cryptocurrency market, as well as the gold market, continues to grow and provide upside as well as hedging during uncertain times, companies such as AABB that are creating value and building entire ecosystems that have the opportunity to flourish.