Right back at it once again ;)~
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
3 Popular Gold-Backed Crypto Projects in 2021
Today 9:35 AM ET (Benzinga)
Combining the liquidity and decentralization of cryptocurrencies with the financial stability of gold has become a reality through Asia Broadband, Inc.’s (OTC: AABB) AABB Gold token. The company is touting the new cryptocurrency as having the stability quality of a stablecoin with the token price supported by a minimum of 0.1 grams spot price of gold with a current value of $6.09 USD.
Asia Broadband is a high-margin resource company focused on producing, supplying and selling precious and base metals to primarily Asian markets. The company has focused on the acquisition of highly prospective gold projects in established mining camps in Mexico. The company has $100 million in assets and holds physical gold that back the AABBG 100%, drawn from the company’s mining production segment.
AABBG, which is housed on the Ethereum blockchain, became available in March 2021, selling more than $1 million in its first two weeks of launch. AABBG being backed by gold ensures pricing stability and at the very least, low volatility with the value based on market demand and gold assets.
In September 2021, thanks to the partnership between Core State Holdings Corp. and Asia Broadband, Inc., AABB’s next-level modular digital assets exchange will be available, making AABBG tradeable for other cryptos. The exchange will be capable of implementing various modules, including broker modules, functionality allowing for the issuance of crypto-secured loans, a credit or gift card module and one that connects retail chains.
Once the proprietary exchange is launched, the company believes AABBG will have the same potential for price appreciation as major cryptocurrencies, like Bitcoin, based on market demand combined with the limited supply of tokens in circulation.
With the rise of gold and the slow descent of Bitcoin, AABBG has become a prime focus for the company. Asia Broadband is betting that as the price of gold slowly increases, so will AABBG, making it ideal for storing investments and making a sale or purchase-related transaction.
People can purchase AABBG by downloading the AABB Wallet app from the iOS or Android store. You can get more information on the Asia Broadband gold token here.
We are six months into the year, and the cryptocurrency market has been on a wild ride. Record highs have been hit by most of the top ten cryptos by market cap, followed by huge pullbacks of over 50%.
In the more serene world of old-school finance, gold has been quietly doing what gold always does, watching the fun and slowly increasing in value while everybody else goes crazy. Gold may lack some of the built-in excitement that trading cryptos brings with it, but it’s a historically great bet against inflation, and the price chart is almost always trending in the right direction.
The problem with gold is that owning it can be quite a challenge physically. This can be because of your geographical location or concerns about safely storing it later on. The idea of holding physical gold may appeal, but the reality brings with it several complications.
In this context, it’s easy to see why gold-backed crypto projects are experiencing such a surge in popularity. Instead of worrying about physically holding the gold, you can now purchase crypto-backed gold. In some cases, you may redeem the tokens for actual gold. While in others, you simply trade in and out of the token when it’s time to take profit or buy some more.
With the price of these cryptos tied to that of gold, a large part of the wider crypto market volatility is negated. While the steady growth in the spot price of gold is rewarded in the same way as if you had a vault full of it in your study.
Here’s a quick breakdown of three of the most interesting gold-backed crypto projects in 2021.
Tether Gold (AUXt)
You know that the appetite for gold-backed crypto is real when Tether gets in on the action. More famously known for running the world’s most popular stable coin, which is pegged to USD, Tether Gold was introduced in 2020 and already boasts a market cap of over $160 million.
Tether Gold holds its gold reserves in Swiss vaults, and token holders can exchange their crypto for physical gold or redeem it for cash. Tether Gold holders can identify exactly which bar of gold is theirs by entering the wallet address which holds their AUXt. And one token of Tether Gold equates to one troy ounce of gold on one London Good Delivery bar.
One of the big problems with Tether Gold is that it is not currently available to trade on many exchanges. The entry point of Tether Gold is also beyond the budget of most regular traders, with a minimum purchase amount of 50 XAUt, or about $93,000 at the time of writing.
The AABB Gold Token (AABBG)
The AABB Gold Token is one of the newcomers to the gold-backed crypto sphere, and it is of particular interest for several reasons. First, a unique aspect of AABBG is its vertical integration of Mine-to-Token gold-backing. This is unlike any of the other gold-backed cryptos as it means AABB holds verifiable physical gold assets that back the AABBG token 100% from the company’s mining production segment.
As opposed to Tether Gold, the AABBG token is also way more accessible for the average trader. The AABBG token price is given in grams rather than ounces, making this an exciting buying opportunity for investors who may have been scared away by the very high entry points of other gold-backed projects. In addition, AABBG is supported at a minimum of 0.1 grams spot price of gold, meaning that it will rise in price in line with increases in the gold spot price.
Another attractive upside of the AABBG project is that its holding company, Asia Broadband, Inc., is publicly listed on OTC Markets and is experiencing a period of rapid growth. As a result, Asia Broadband, Inc. has caused a lot of buzz amongst recreational traders, and the company’s listed assets of $100 million are a 5x increase on its position of just one year ago.
AABBG is currently available to buy via the AABB Wallet, and the company is in the final testing stages before releasing its proprietary crypto exchange. Once the AABB Exchange goes live, the AABBG token will become much more than just a gold-pegged crypto. Instead, AABBG will have the same potential for price appreciation as other major cryptocurrencies, like Bitcoin, based on market demand and the limited supply of tokens in circulation.
With a significant market pullback already taken place this year, AABBG looks well-positioned to ride the coattails of the next crypto surge in the second half of 2021. Users can purchase the tokens by downloading the AABB Wallet on the iOS and Android app stores.
Perth Mint Gold Token (PMGT)
A government-backed project will always draw the attention of savvy but cautious investors, and this is precisely what you get with the Perth Mint Gold Token. One of the older gold-backed crypto projects, PMGT, has been on the scene since 2018, and in 2021 it will look to capitalize on the shift that has seen many investors scared away by the high volatility of the crypto market this year.
With its government backing, PMGT’s gold is validated by the Australian government, which will attest to both the weight and purity of the gold that token holders own. Perth Mint Gold token holders are given certificates to prove their holdings, and certificates are backed to PMGT tokens at a ratio of 1:1.
An upside of the Perth Mint Gold project is its claim that this is a cost-effective way to enter the world of gold. The Australian government fully backs your gold, but holders do not need to worry about the traditional additional costs associated with holding gold, such as insurance, custody, and storage.
The PMGT project is one of the most popular gold-backed projects on the market, but investors should be aware of a few caveats before taking the plunge. First, similar to Tether Gold, PMGT is not widely available on recognized exchanges. In fact, it is not listed on any of the world’s most popular exchanges. And another potential red flag is that while PMGT states that holders can redeem tokens for physical gold, there is no figure available on how many tokens an investor must hold to exchange for physical gold.
Final Thoughts
All that glitters is not gold goes the old saying. But, in the digital age, this sentiment has been turned on its head. Non-glittering digital gold is here to enable investors to partake in the centuries-old hedge that will never go out of fashion.
Some gold-backed crypto projects are more enticing than others, but this form of crypto investment should be at the top of the list of all those token holders who want to play the market with a little less volatility.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
$AABB
$AABBG
You're welcome Trish. Hope you found the translation-useful.
$AABB
$AABBG
Oh Baby Boy!! I see Gold!! ;)
I assume that we will be buying that mine... Nice.
Lots of good pics here: https://asiabroadbandinc.com/acaponeta-bonanza
$AAABB
$AABBG
Yes Sir! AABB Looking Better Than Ever.
You're welcome.
Bonanza for sure!! Looks very promising.
Definitely gonna be a fun ride indeed.
$AABB
$AABBG
HaHa, I try. AABB has been good-to-me ;)
So, I figured that I'd help someone or maybe even a few hopefully get past that "speed bump."
$AABB
$AABBG
Yeah Buddy! You're Welcome.
AABB is looking pretty damn good to me ;)
$AABB
$AABBG
*Translate - Acaponeta Bonanza - Rock Sampling Comments by Geologists
HaHa! Git 'Em Benny-Boy! That's-what-they-get-for-Talking-Trash About AABB ;)~
This gonna be fun to watch...
Please let me know if I can assist in any way ;)
Looking good BTW.
$AABB
$AABBG
Oh-Yeah! I have a feeling an AABB MOASS-is-Coming... ;)~
https://marketwirenews.com/stock/aabb/short
We'll see...
Top of the mornin' to ya.
Hope ya like the look of the updated board ;) I think it's much better.
Maybe we could use a mining pic up there... Just a thought...
$AABB
$AABBG
AABB Staff Updates Their Wardrobe Regularly
They don't want to look trash like some are used to ;)~
$AABB
$AABBG
Great-To-See-Asia-Trucks-Being-Put-To-Work and The Boys In The Field
Source: https://asiabroadbandinc.com/mascota-losreyes
If you're feeling faint, overheated or woozy, you might need to take a few days off ;)~
You Might Just Have #GoldFever Like These Guys...
Nice Work Team AABB!
$AABB
$AABBG
You're the Man! You're welcome. Thank you!
We needed it.
$AABB
$AABBG
Much Better! Now AABB is Cookin' With-Fire! ;)
Thank you Sir!
Looking good.
Now this better reflects AABB and AABBG.
Rock On!
$AABB
$AABBG
If you're into stocks AABB. If you're into crypto AABBG.
I have both. I'd say that it's not a bad idea to have some of both...
$AABB
$AABBG
AABBG-Needs-This ;) - Peer-to-Peer Dogecoin-Relay-Network (based on Starlink)
Here they are talking about linking the Dogecoin network to the Starlink high-speed internet satellites which would support the network and make Doge more widely available. Speed and safety could be improved too.
I could be wrong, but I think this could be a huge move for Dogecoin...
Source: https://github.com/dogecoin/dogecoin/issues/2124
Imagine widespread adoption like this for AABBG... Hmmm...
$AABB
$AABBG
HaHa! The "AABB Girls" That's Awesome!
AABB Vacation Giveaway! Nice!!
To Da Moon!!
$AABB
$AABBG
But, We Have 2 Baskets - AABB-and-AABBG ;)
2 is better than 1 ;)
$AABB
$AABBG
3rd On That Motion. AABB-Board Updates Need-To-Be-Done.
Don't think we need info from PRs taking up all that space. Anyone can go read those on OTCMarkets.com. Maybe have a few, key takeaways from the PRs...
AABB Wallet and coming Crypto Exchange should be well featured with pics and full descriptions of both.
Updates on possible mine acquisitions, sampling and recent news also.
Would do it myself, but was removed as a Mod a while ago. Probably because I was blasting Chit Talkers on the Board ;)~ Tried to add myself back, but it has been pending for months...
$AABB
$AABBG
So much for that RS BS Aye!! ;)~
Looks like Benny Boy was right once again... ;)
Good news today.
GLTA
$AABB
$AABBG
Yeah, that's awesome. AABB seems to be gaining adoption for sure.
We are headed in the right direction now.
$AABB
$AABBG
Positive AABB Sentiments and Signs All-Around Us ;)
Except for a few Chit Talkers ;)~
$AABB
$ABBG
AABB-Chart is starting to Look-Like a Launch-Ramp ;)~
Yeah Dude, heading in the right direction for-sure...
Been riding this roller coaster for a while. It's been fun and rewarding so far.
Use the dips and manipulation to your advantage ;)
$AABB
$AABBG
AABB and AABBG are GIANT and Longs-Know-It ;)~
WoW! I counted about 25 ABBB Merchants that-fit-on-the-screen.
Not sure how many there actually is though... But, it seems like a good start...
I was going to screenshot the map and post a pic, but the wallet would not let me for security reasons. That seems like a good feature. Probably better off that way...
Thanks for pointing that out.
$AABB
$AABBG
You're The Man! That's inspiring.
I have a long list of places I plan to donate to. Will have to prioritize.
Local school needs a new section of their playground and have been hoping to be able to afford a sizable donation to get it done. Likely it will come from AABB profits at some point. If not from AABB, then from somewhere else. But, I have a feeling it will come from AABB. AABB has done very well for me so far ;) Will post pics when/if it happens from AABB profits...
Like the lake idea.
$AABB
$AABBG
Yeah Buddy! AABB could be headed there soon...
$AABB
$AABBG
Certainly seems that way Benny Boy! AABB-On-The-Rise ;)
Definitely saving that AABB pic ;)
$AABB
$AABBG
Seems-Like-Summer-2021 is Going-To-Be-Golden With AABB and AABBG ;)
I-See-That AABB Selling Under The Bid BS ;)~
Trying to hold us down again...
$AABB
$AABBG
They're-Trying-So-Hard-To-Hold-Us-Down!! Can't-Hold-AABB-Back-Much-Longer ;)~
Hey-Now! Captain-Jack And-The Beautiful-AABB-Girls Warming-Up-For-The AABB-Party ;)~
YeeeeDoggie!! CUBV Pink Current and Rippin'! ;)~
Today is gonna be a fun day... ;)
Some news would be nice...
GLTA
$CUBV
I-Chee-Mama!! AABB and AABBG is Smokin' Hot!!
The internet is on fire with the amazing performing AABB stock and new AABBG Token. The Ultimate Combo!! BOOM!!
F Fiat! It's Trash ;)~
HaHa!!! Away we go my little Cherubs!! It's Blast Off Time!! ;)
Forget about them Chit Talkers!!!! We gonna be Rich Biotch!! $$$$ HaHa!! ;)~
An Outstanding Stock, Awesome Mobile Wallet, Gold-Backed Crypto Currency, CRYPTO CURRENCY EXCHANGE and proven track record... Does it get any better than this?
GLTA
$AABB
$AABBG
"ARE YOU HAPPY YOU BELIEVED HIM?" Couldn't-Be-Happier-Actually ;)~
In AABB at .003 ish on a lotto play and it turned into a small fortune ;)~
Accurate as could be as many others on this board know.
I was staying in long regardless. No chit talker Trolls are ever going to push me out ;)~
$AABB
$AABBG
When-AABB-Hits-$10-PPS I'm-Gonna Git-Some Custom-Gold-Teef Like-Yella-Beezy ;)~
With gold from our AABB mines - HaHa ;)
WoW! The New AABB Crypto Exchange Looks Great!
Missed this too. Thanks for posting. Saw the PR, but missed the screen shot of the exchange.
Things seem to be progressing nicely. AABB coming through with just about everything that they said. Can't complain about that...
Source: https://aabbgoldtoken.com/latest-news/asia-broadband-proprietary-cryptocurrency-exchange-development-milestones-achieved-and-timeline-to-completion/2021/05/11/
Let's Rip Skip! ;)
$AABB
$AABBG
It's AABB Show Time Baby!! Woooo!! ;)~
Oh Baby Boy!! Buckle Up Peeps!! ;)~
AABB Goin' To Da Moon!!!
$AABB
$AABBG