Asia Broadband mining company may have started offering the first of its kind “Mine-to-Token” crypto to investors who are interested in gold.
As we already know, cryptocurrencies are very unstable kinds of assets. And even Bitcoin, which is arguably the most notable and valuable cryptocurrency in the world by market capitalization, still experiences some 20% to 30% fluctuations in price daily. All this instability with Bitcoin, despite the fact that it is solely responsible for pioneering the blockchain technology industry as we have it today since Satoshi Nakamoto first published the original Bitcoin whitepaper in 2008.
Cryptocurrencies today offer a wide range of benefits for investors and even more, but they do not necessarily cater to the needs of every investor in the business. There is a group of investors who wants whatever amount of crypto assets they amass, backed up with precious real-world assets like Gold, and that’s exactly where Asia Broadband (OTC: AABB) comes in.
Why are investors choosing Asia broadband?
Asia Broadband has been mining and supplying both precious and base metals to clients across Asia for roughly 25 years. The company is also publicly listed in the United States, thus allowing its clients to enjoy the benefits of its value chain being integrated.
While Asia Broadband’s venture into cryptocurrency seems like a journey into a strange land, it surely is a welcome idea to clients who wants to enjoy the best of both worlds of virtual assets and the real world’s most tested and trusted asset in human history; Gold.
Surely, this will not be the first time of heard about the concept of tokenizing precious metals. And, given gold’s history, several competitors have also served clients in the gold-backed crypto market over the last 13 years of blockchain technology’s existence. So why exactly are investors being particular about Asia Broadband?
The reason is simple. Quite unlike most others, Asia Broadband is not originally a crypto company.
Using the AABB stock symbol, Asia Broadband is publicly traded and has over $100 million in assets.
It is also the only company in the gold-backed crypto market that allows investors to have access to gold in a “mine-to-token” manner. The AABB Gold Token can be found on the Ethereum blockchain and is ERC-20 compliant.
In the first two weeks of launching, more than $1 million worth of AABB Gold tokens were sold and at the moment of writing this report, over 9,000 active users are currently in possession of over 245,000 tokens.