Asia Broadband, Inc. (OTC:AABB) is a useful resource firm centered across the manufacturing, provide, and sale of metals, focusing totally on Asian markets. They purchase extremely potential gold tasks in Latin America after which distribute manufacturing all through their in depth world gross sales community.
Asia Broadband at the moment holds over $100 million in property, a 500% enhance from final yr. The corporate is buying and selling in consolidation mode and reached new highs in February, resulting in the year-to-date inventory being up over 1,500%.
Not too long ago, the corporate introduced it had obtained $2.8 million. The supply of their new capital got here from 4 administrators of Asia Broadband for the acquisition of most popular shares.
The 28 million non-convertible, most popular shares have been issued at $0.10 per share with every share, with 100 voting rights and equal participation with frequent shares for all future dividends.
Asia Broadband President and CEO Chris Torres bought $2.4 million of the full most popular share issuance, stating: “Our complete administration workforce is dedicated to the corporate’s progress and profitability and we have now emphatically demonstrated this with a considerable long-term funding to gas the growth of our gold manufacturing and digital asset divisions. Our focus and willpower to achieve each space of the corporate’s enterprise has intensified now with our capital contribution.”
All capital obtained will probably be distributed amongst Asia Broadband’s capital growth applications.
On prime of their coping with metals, Asia Broadband additionally has a number of digital asset sectors, together with a digital asset pockets and a gold pegged digital asset.
Final yr, Asia Broadband launched its personal digital asset pockets known as the AABB Pockets. The pockets was designed to maintain your digital property safe and your knowledge personal. The AABB Pockets collects no knowledge, and each transaction made by way of them is fully invisible to 3rd events.
The AABB Pockets is open to trades and purchases for these trying to switch AABB Gold tokens (AABBG) to different AABB Pockets customers. That is completed to extend AABB Gold token circulation and generate income to help and stabilize the token value as soon as AABBG is brazenly tradable.
The pockets has many stand-out options that make it a novel choice amongst different digital asset wallets. This contains immediately sending and receiving digital property with no deposit charges and low transaction charges. The iTransfer characteristic permits customers to securely ship AABB Gold and different digital property through e-mail, textual content, social media, and extra.
The pockets will even be releasing a Service provider API characteristic which is able to permit B2B and B2C transactions to be made utilizing the AABB Pockets. This characteristic will permit retailers to ascertain loyalty applications whereas additionally letting prospects earn cashback.
Lastly, Asia Broadband is growing a web based digital asset fee processing resolution permitting companies to simply accept world digital property from their web site.
The beforehand talked about AABB Gold is Asia Broadband’s digital asset and is backed by bodily gold. Being pegged with gold permits the asset to profit from each gold and digital asset options, making certain it would preserve the potential for value appreciation from each markets.
Whereas AABB Gold is a standard digital asset, it has the qualities of a stablecoin. The token’s value is supported at a minimal of 0.1 grams spot value of gold and is backed by $30 million in bodily gold.
AABB Gold’s most original side that units it aside from different digital property is its vertical integration of Mine-to-Token gold-backing. Asia Broadband holds bodily gold property to completely again the token from the mining manufacturing section of the corporate.
As the corporate progresses, it would proceed to optimize its capital utilization by implementing its mining manufacturing and acquisition technique in areas of Mexico. Additionally, the corporate’s digital asset divisions just like the AABB Gold token, AABB Pockets, AABB Trade and NFTs will proceed increasing and growing at an accelerated charge as time progresses.