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 intensive world gross sales community.
Asia Broadband at present holds over $100 million in belongings, a 500% improve from final 12 months. 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.eight million. The supply of their new capital got here from 4 administrators of Asia Broadband for the acquisition of most well-liked shares.
The 28 million non-convertible, most well-liked 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.four million of the whole most well-liked share issuance, stating: “Our total administration crew is dedicated to the corporate’s development and profitability and we’ve got emphatically demonstrated this with a considerable long-term funding to gasoline the enlargement of our gold manufacturing and digital asset divisions. Our focus and dedication to achieve each space of the corporate’s enterprise has intensified now with our capital contribution.”
All capital obtained will likely be distributed amongst Asia Broadband’s capital enlargement packages.
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 12 months, Asia Broadband launched its personal digital asset pockets known as the AABB Pockets. The pockets was designed to maintain your digital belongings safe and your information personal. The AABB Pockets collects no information, and each transaction made by means of them is solely invisible to 3rd events.
The AABB Pockets is open to trades and purchases for these seeking to switch AABB Gold tokens (AABBG) to different AABB Pockets customers. That is finished to extend AABB Gold token circulation and generate income to assist 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 consists of immediately sending and receiving digital belongings with no deposit charges and low transaction charges. The iTransfer function permits customers to securely ship AABB Gold and different digital belongings by way of e mail, textual content, social media, and extra.
The pockets can even be releasing a Service provider API function which can permit B2B and B2C transactions to be made utilizing the AABB Pockets. This function will permit retailers to determine loyalty packages whereas additionally letting clients earn cashback.
Lastly, Asia Broadband is growing a web-based digital asset cost processing answer permitting companies to just accept world digital belongings 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’ll preserve the potential for value appreciation from each markets.
Whereas AABB Gold is a conventional 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 belongings is its vertical integration of Mine-to-Token gold-backing. Asia Broadband holds bodily gold belongings to thoroughly again the token from the mining manufacturing phase of the corporate.
As the corporate progresses, it’ll 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.