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Sunday, September 25, 2022

Asia Broadband (OTCMKTS: AABB) On the Move Northbound Since Sub $0.08 Dip as Crypto Innovator Elevates AABB Crypto Exchange & Enters the NFT Space

Asia Broadband (OTCMKTS: AABB) is on the move northbound after a brief dip below the $0.08-mark last week. AABB was one of the biggest runners of 2021 skyrocketing to highs of $0.659 per share in February before coming back down and forming a base at a dime. In December the stock ran again to highs of $0.33 before the latest dip. AABB is among the most exciting stocks in small caps with an enormous investors following including some of the most powerful players in small caps who are looking for a return to previous highs. Asia broadband’s mining property acquisition strategy is to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise. In 2021, the Company acquired two high potential gold property interests in Mexico, the Bonanza Gold Mine Project and the Tequila Gold Mine Joint Venture. Both properties are expected to have geological reports available in late February and gold production from the Tequila property is expected in March. 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 the current move into crypto. AABB currently has $71 million USD in the treasury. 

AABB launched its cryptocurrency exchange within the AABB Wallet on December 28. In collaboration with the Company’s digital assets developer, the continued roll out of the Exchange components in the coming weeks will have 200 plus cryptocurrency Exchange trading pairs available on the BCGateway platform. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. Last year the Company launched its ERC-20 token and the AABB Wallet during 2021 intruding its AABBG token’s initial release to the market that is backed by $30 million in physical gold the Company currently holds. 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. Recently Asia broadband launched an initiative to enter the Non-Fungible Token (“NFT) market to advance the rapid expansion of the Company’s digital asset base. AABB has been in discussions to create multiple NFT marketplaces for unique digital content categories. Additionally, the Company has a comparative advantage to efficiently process NFT transactions within the marketplaces. The NFT market in 2021 realized explosive growth and is estimated to have reached over $40 billion.  

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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 added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. 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. 

Asia broadband 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. Currently AABB has $70,945,697 in the treasury which sets the Company above 99.9% of the exchange. Additionally, the Company has recently released its AABBG freshly minted mine-to-token gold-backed cryptocurrency backed 100% by $30 million in physical gold held by the Company in several high security, private locations in Mexico. AABB vision for its token it 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.   

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AABB

Asia broadband’s mining property acquisition strategy is to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success. In 2021, the Company acquired two high potential gold property interests in Mexico, the Bonanza Gold Mine Project and the Tequila Gold Mine Joint Venture. Both properties are expected to have geological reports available in late February and gold production from the Tequila property is expected in March. Alternatively, the development of the Los Reyes and Colima properties in Mexico have been discontinued and deemed to be comparatively not feasible to justify rapid development. The Company continues to actively search for new high potential mining property acquisitions and anticipates an announcement in that regard in the coming months. 

In collaboration with the Company’s digital assets developer, they recently launched the proprietary cryptocurrency Exchange, AABBExchange.com, which continues to roll out additional components in a process necessary to ensure the stability, functionality, security and integration of the all modules and features. The numerous and complex mechanisms of the Exchange are evolving rapidly within a live environment. In the coming weeks, the Company expects to have trading algorithms optimized to facilitate 200 plus cryptocurrency Exchange trading pairs on the BCGateway platform and have the enhanced mobile Exchange apps available. Additionally, AABB is planning to launch an international marketing campaign for the Exchange and AABBG token expected to begin next month. 

The Company’s gold-backed AABBG token and the Exchange, embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward cryptocurrency only exchanges and complete independence from FIAT currency. The numerous and complex mechanisms of the Exchange are evolving rapidly within a live environment. In the coming weeks, the Company expects to have trading algorithms optimized to facilitate 200 plus cryptocurrency Exchange trading pairs on the BCGateway platform and have the enhanced mobile Exchange apps available. Additionally, AABB is planning to launch an international marketing campaign for the Exchange and AABBG token expected to begin next month.  

Earlier this month Asia broadband reported the addition of KYN Capital Group, Inc. to the Company’s commercial client user base for the AABB Wallet. The Company continues to develop its initiative to broaden the market reach of the AABB Wallet as a commercial and merchant payment transaction solution. AABB is dedicated to diligently expanding its network of business clients and contacts as a key element to growth of the Company’s digital asset segment revenues from the AABB Wallet, AABBG token and AABB Exchange. 

On February 22 Asia broadband launched an initiative to enter the Non-Fungible Token (“NFT) market to advance the rapid expansion of the Company’s digital asset base. AABB has been in discussions to create multiple NFT marketplaces for unique digital content categories. Additionally, the Company has a comparative advantage to efficiently process NFT transactions within the marketplaces. Using its existing digital technology platforms, the AABBG token, AABB Wallet and AABB Exchange can be expeditiously integrated into newly created NFT marketplace networks. Therefore, the Company is diligently focused on the developing opportunities within the rapidly expanding NFT market. 

The NFT market in 2021 realized explosive growth and is estimated to have reached over $40 billion. Furthermore, the NFT growth trend has continued in 2022, as NFTs are expected to become increasingly familiar and accepted by the investment community. 

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AABB is on the move northbound after a brief dip below the $0.08-mark last week. AABB was one of the biggest runners of 2021 skyrocketing to highs of $0.659 per share in February before coming back down and forming a base at a dime. In December the stock ran again to highs of $0.33 before the latest dip. AABB is among the most exciting stocks in small caps with an enormous investors following including some of the most powerful players in small caps who are looking for a return to previous highs. Asia broadband’s mining property acquisition strategy is to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise. In 2021, the Company acquired two high potential gold property interests in Mexico, the Bonanza Gold Mine Project and the Tequila Gold Mine Joint Venture. Both properties are expected to have geological reports available in late February and gold production from the Tequila property is expected in March. 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 the current move into crypto. AABB currently has $71 million USD in the treasury. AABB launched its cryptocurrency exchange within the AABB Wallet on December 28. In collaboration with the Company’s digital assets developer, the continued roll out of the Exchange components in the coming weeks will have 200 plus cryptocurrency Exchange trading pairs available on the BCGateway platform. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. Last year the Company launched its ERC-20 token and the AABB Wallet during 2021 intruding its AABBG token’s initial release to the market that is backed by $30 million in physical gold the Company currently holds. 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. Recently Asia broadband launched an initiative to enter the Non-Fungible Token (“NFT) market to advance the rapid expansion of the Company’s digital asset base. AABB has been in discussions to create multiple NFT marketplaces for unique digital content categories. Additionally, the Company has a comparative advantage to efficiently process NFT transactions within the marketplaces. The NFT market in 2021 realized explosive growth and is estimated to have reached over $40 billion. 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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