- AABB launches AABB Gold cryptocurrency token, AABB Wallet targeting high-growth markets
- Initial token release is 100% backed by $30 million in physical gold
- Company plans to expand token circulation through mine-to-token vertical integration
Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals primarily to the Asian market, has launched its AABB Gold (AABBG) cryptocurrency token (https://ccw.fm/1d13X). Intended to become a secured and trusted gold-backed global standard of exchange, the token was developed in collaboration with Core State Holdings Corp. (“CSHC”).
Gold-backed cryptocurrency is a type of crypto stablecoin backed with physical gold and with the price pegged to the current gold price. As such, these tokens tend to have less price fluctuation than other coins such as Bitcoin (https://ccw.fm/UHfAX). With that in mind, AABB announced that its initial token release is…
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ccw.fm/AABB
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