Tuesday, June 21, 2022 8:11:09 AM
Asia Broadband, Inc.
AABB built up its name on the back of decades working in all aspects of the production, supply, and sale of gold. The constant demand for gold meant things worked out well for the company in this sphere and they are now using their strong position to do something which may seem a little unwise given the current market conditions.
Instead of resting on their laurels after the big sale of one of their mining operations in Mexico, Asia Broadband decided to use this windfall to diversify and enter the crypto market.
In March 2021, Asia Broadband launched the AABB Gold Token which does something others in this sphere can’t come close to. Many projects have tried to merge crypto and gold, but none seem to have the know-how or resources to do it the way AABB did.
Its unique vertical integration of mine-to-token gold-backing means AABBG benefits from the upsides of both gold and cryptocurrency, delivering a built-in level of price stability without negating the potential for price appreciation from both markets.
To support and drive up the rate of adoption of AABBG, the company also released the AABB Wallet and a proprietary digital exchange called AABB Exchange.
These new additions to the company’s crypto offerings give AABBG token holders quick and easy access to liquidity and the ability to instantly exchange AABBG for other cryptocurrencies such as Bitcoin, Ethereum, or Solana.
https://www.benzinga.com/markets/cryptocurrency/22/05/27411804/crypto-crashes-while-gold-holds-but-the-bulls-are-waiting
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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