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 initiatives 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 firm 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%.
Recently, the corporate introduced it had acquired $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 had 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 whole most popular share issuance, stating: “Our entire management team is committed to the company’s growth and profitability and we have emphatically demonstrated this with a substantial long-term investment to fuel the expansion of our gold production and digital asset divisions. Our focus and determination to succeed in every area of the company’s business has intensified now with our capital contribution.”
All capital acquired 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.
Last yr, Asia Broadband launched its personal digital asset pockets known as the AABB Wallet. The pockets was designed to maintain your digital property safe and your knowledge non-public. The AABB Wallet collects no knowledge, and each transaction made by them is totally invisible to 3rd events.
The AABB Wallet is open to trades and purchases for these seeking to switch AABB Gold tokens (AABBG) to different AABB Wallet customers. This is finished to extend AABB Gold token circulation and generate income to assist and stabilize the token value as soon as AABBG is overtly tradable.
The pockets has many stand-out options that make it a singular 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 by way of e mail, textual content, social media, and extra.
The pockets can even be releasing a Merchant API characteristic which is able to enable B2B and B2C transactions to be made utilizing the AABB Wallet. This characteristic will enable retailers to ascertain loyalty applications whereas additionally letting prospects earn cashback.
Finally, Asia Broadband is growing a web-based digital asset fee processing answer 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 can preserve the potential for value appreciation from each markets.
While 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 other than 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 can proceed to optimize its capital utilization by implementing its mining manufacturing and acquisition technique in areas of Mexico. Also, the corporate’s digital asset divisions just like the AABB Gold token, AABB Wallet, AABB Exchange and NFTs will proceed increasing and growing at an accelerated fee as time progresses.