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Wednesday, December 1, 2021

Asia Broadband (OTCMKTS: AABB) Heats Up as Crypto Operator Reports $1.1 million + in AABBG Gold Token sales Over Past 4 Weeks & Prepares for Imminent Launch of its AABBExchange Crypto Exchange

Asia Broadband (OTCMKTS: AABB) has been highly active in recent trading seeing a new intra-day high near $0.30 per share after the Company reported it has recorded over $1.1 million in AABBG Gold Token sales within the recent 4-week period ending November 15, in advance of the imminent launch of the proprietary cryptocurrency exchange. AABB’s primary goal for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales markets of North America and Europe and expand globally to other predominant and high growth market areas. The launch of the Company’s AABB Wallet in March 2021 introduced its AABBG token’s initial release to the market that is backed by $30 million in physical gold the Company currently holds. We have previously reported on the Company’s sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, that netted them $82 million, which has funded all of this. As of the latest 10Q filed earlier this month the Company has $70,945,697 in the treasury. 

Investors continue to heavily accumulate AABB as the launch of its proprietary cryptocurrency exchange is imminent. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. The new platform of the Exchange, the BCGateway, is now complete and allows for an expanding number of cryptocurrencies to be added which currently stands at 82 cryptocurrencies to purchase the AABBG token in the AABB Wallet, as shown on the new Exchange website AABBExchange.com. Trade pairs for exchange are also being created from this growing list of cryptocurrencies. AABB skyrocketed from double zeroes to highs of $0.659 per share earlier this year and speculators are looking for a return to previous highs. AABB has momentum, huge liquidity and legions of new shareholders, many of them powerful players in small caps bidding up the price; a break into the $0.30s marks the next leg up with a gap to fill to $0.659 per share. 

Asia Broadband (OTCMKTS: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has recently released its AABBG freshly minted mine-to-token gold-backed cryptocurrency and is developing its own proprietary digital exchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand-based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies. 

Earlier this year AABB released its long-awaited gold-backed ERC-20 token which it expects will become a world-wide standard of exchange that is secured and trusted with gold backing. Subsequent to the closing the 2020 year-end, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, and the Company has used these resources to fund the launch of its new ERC-20 token. The Company’s latest issued filing shows it is virtually debt free with $7.8 million in the treasury and $10.6 million in revenues for the 9 months ended September 30, 2020. According to Asia broadband the AABB Gold token (AABBG) is backed 100% by physical gold held by the Company in several high security, private locations in Mexico. The Company will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release was backed by $30 million in physical gold the Company currently holds. 

In order to buy the AABB Gold token (AABBG), purchasers must download the AABB Wallet and register through the Android Google Play and Apple App Store on their smartphones or through the AABBGoldToken.com website. Within the AABB Wallet, the token will only be available for purchase in exchange for other major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Therefore, purchasers will need to hold existing cryptocurrency in any third-party wallet such as Coinbase or Binance. Purchasers will then deposit cryptocurrency from their third-party wallet into their AABB Wallet to exchange and purchase the AABB Gold token (AABBG) for the current 0.1 gram of gold price plus a 2% transaction fee. 

Microcapdaily has been writing about AABB for quite some times now starting back in July 2020 when the stock was in the doubled zeroes long before it skyrocketed to $0.659 highs back in March of this year reporting at the time: “AABB said it has initiated the planning and preparation process to create a development program for the Company’s new gold mine property acquisition in Colombia, South America.  From the three site visits to the property prior to the Colombia travel ban in March, the Company completed significant groundwork and accumulated considerable data on the property during the due diligence process prior to the property acquisition.  AABB has been utilizing this data to construct a further groundwork plan and staged development program, which is set to begin after the Colombia travel ban is lifted in the next several months. The gold mine property consists of 912 hectares and includes an artisan mining site that has historically produced gold and silver.” 

Since then, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, and the Company has used these resources to fund the launch of its new ERC-20 token.

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Earlier this month Asia broadband established a corporate presence and satellite office in El Salvador to serve as the Company’s Central and South American operations hub in preparation for the upcoming Exchange launch. The Company is also in discussions to explore the creation of a cryptocurrency mining facility in El Salvador powered by geothermal energy. Recently, the Company registered a subsidiary in El Salvador, AABBG Exchange Sociedad Anonima De Capital Variable, to form the foundation of the new business development and marketing facility. An initial team of support staff has been assembled to continue building demand for the AABBG token and Exchange in Latin America. 

In recent months, the AABB management team has been traveling regularly to El Salvador to complete the setup of the new subsidiary, office and communications center. During this time, the AABB wallet and Exchange has continued to be very well received by the local business community in El Salvador, validating the Company’s business plans within the country and expansion into the Latin American market. The Company is diligently targeting major Salvadoran retailers to engage in acceptance and processing agreements for customer purchases with AABBG and expand Exchange awareness. The ongoing business development program is designed with substantial commission and discount incentives for retailers and customers to fulfill transactions with AABBG, facilitate circulation expansion and use of the Exchange. 

The stock has been seeing some action since the Company reported it has recorded over $1.1 million in AABBG Gold Token sales within the recent 4 week period ending November 15, in advance of the imminent launch of the proprietary cryptocurrency exchange. AABB’s primary goal for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales markets of North America and Europe and expand globally to other predominant and high growth market areas. AABB embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward complete independence from FIAT currency. 

The launch of the Company’s AABB Wallet in March 2021 introduced its AABBG token’s initial release to the market that is backed by $30 million in physical gold the Company currently holds. Further token releases will continue to be backed 100% by additional physical gold acquired from the Company’s future mining production, gold purchased from cash reserves or credit. At today’s market price of gold, the one-tenth (0.1) gram of gold backing the AABBG token price is approximately $5.96 USD. The token price is tied to and supported by the Company at the market price of gold at a minimum. As the price of gold fluctuates, the minimum supported price of the AABBG token will increase or decrease. However, the potential upside price of the token will be driven by market demand after the Exchange launch. 

Additionally, the Company is continuing to collaborate diligently with the Exchange developer to integrate and test the network of components in final preparations to soon release the proprietary cryptocurrency exchange within the AABB Wallet. Just recently, over 100 cryptocurrency Exchange trading pairs have been added into to the BCGateway platform. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. Many new features and capabilities have been added to expand functionality, usability, module additions and market penetration including the web version, Spanish language version and a new Exchange website. AABB management and the development team are thrilled in anticipation of the approaching Exchange launch. 

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Asia Broadband has been highly active in recent trading seeing a new intra-day high near $0.30 per share after the Company reported it has recorded over $1.1 million in AABBG Gold Token sales within the recent 4-week period ending November 15, in advance of the imminent launch of the proprietary cryptocurrency exchange. AABB’s primary goal for the AABBG token is to become a worldwide standard of exchange that is secured and trusted with gold backing, by progressively expanding token circulation to the primary sales markets of North America and Europe and expand globally to other predominant and high growth market areas. The launch of the Company’s AABB Wallet in March 2021 introduced its AABBG token’s initial release to the market that is backed by $30 million in physical gold the Company currently holds. We have previously reported on the Company’s sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, that netted them $82 million, which has funded all of this. As of the latest 10Q filed earlier this month the Company has $70,945,697 in the treasury. (very rare numbers for an otc stock) Investors continue to heavily accumulate AABB as the launch of its proprietary cryptocurrency exchange is imminent. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. The new platform of the Exchange, the BCGateway, is now complete and allows for an expanding number of cryptocurrencies to be added which currently stands at 82 cryptocurrencies to purchase the AABBG token in the AABB Wallet, as shown on the new Exchange website AABBExchange.com. Trade pairs for exchange are also being created from this growing list of cryptocurrencies. AABB skyrocketed from double zeroes to highs of $0.659 per share earlier this year and speculators are looking for a return to previous highs. AABB has momentum, huge liquidity and legions of new shareholders, many of them powerful players in small caps bidding up the price; a break into the $0.30s marks the next leg up with a gap to fill to $0.659 per share. We will be updating on AABB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AABB.

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Disclosure: we hold no position in AABB either long or short and we have not been compensated for this article.

 

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