Cryptocurrencies are extremely risky property. Even Bitcoin, essentially the most worthwhile cryptocurrency on the earth by market capitalization, continues to be topic to twenty% to 30% swings in value on any given day.

This regardless of the actual fact it’s the pioneering crypto mission answerable for birthing all the blockchain know-how trade starting with the publishing of the unique Bitcoin whitepaper by Satoshi Nakamoto means again in 2008.

At the moment, cryptocurrencies supply buyers and customers all types of advantages and built-in utility, together with self-executing good contracts, decentralized finance tasks that pay out a better annual yield than a centralized financial institution would ever give to a buyer, non-fungible tokens that present homeowners with social standing and the potential for large earnings, and extra.

Though every of the above advantages of cryptocurrencies stretches properly past a fundamental decentralized peer-to-peer cost system like Bitcoin, they don’t essentially match the targets of each investor. There’s an in-between investor that also needs their cryptocurrencies backed by real-world property corresponding to valuable metals.

That’s the place Asia Broadband (OTC: AABB) is available in.

Why Shoppers Are Selecting Asia Broadband

Asia Broadband provides each valuable and base metals mined in Mexico to shoppers throughout Asia. The corporate is in its 25th 12 months of doing enterprise. It’s publicly listed in the US and permits shoppers to profit from the vertical integration of its worth chain.

The corporate’s transfer into cryptocurrency marks an journey into uncharted waters. However for shoppers, it marks a possibility to profit from the flexibleness, safety, and transparency provided by cryptocurrencies whereas giving them publicity to maybe essentially the most tried, examined, and true hedging instrument in all of human historical past; Gold.

Given gold’s historical past and the truth that blockchain know-how is now in its 13th 12 months of existence, tokenizing valuable metals will not be a brand new idea. There are a number of different opponents serving prospects within the gold-backed crypto market. So why are buyers selecting Asia Broadband over different choices?

It’s as a result of not like different gamers available in the market, Asia Broadband will not be a crypto-first firm.

It’s a publicly traded mining firm accessible to buyers through the over-the-counter market beneath the inventory image AABB with over $100 million in property. Which means it’s considered one of if not the one firm within the gold-backed token sector of the crypto market that offers buyers entry to gold in a “mine-to-token” trend. All of that is accessible by means of the AABB Gold Token, which lives on the Ethereum blockchain and is ERC-20 compliant.

Why The AABB Gold Token is Each the Current and the Way forward for Gold-Backed Cryptocurrencies

The minimal value of the AABB Gold Token is at all times linked to the spot value of gold at any given second. Traders anxious concerning the potential of foreign money debasement coming to fruition due to exorbitant cash printing by governments around the globe in response to the coronavirus pandemic now have a technique to separate themselves from that chance.

Not solely is Asia Broadband actively mining valuable metals simply the way in which it has been for the final 25 years, but it surely additionally maintains a minimal of $30 million USD value of bodily gold in its reserves at any given time.

The corporate is pledging to make use of third-party sources for gold solely when it’s obligatory, with its personal bodily reserves and mining operations providing buyers valuable metals publicity whereas they maintain the token and profit from any improve in market demand.

The truth that the token is 100% backed by gold and buyers will profit from the vertical integration of Asia Broadband affords a really clear worth proposition no different market participant can. The overwhelmingly optimistic reception of the token is a mirrored image of that.

Over $1 million value of tokens had been offered within the first two weeks of the token’s launch and greater than 9,000 lively customers are at the moment holding over 245,000 tokens.

Asia Broadband is committing wholeheartedly to giving buyers a wholly new technique to steadiness their curiosity in each cryptocurrency and gold. The time to profit from a one-of-a-kind “mine-to-token” mission like AABB Gold is now.


Source link

By Xnode24

Leave a Reply

Your email address will not be published.