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Wednesday, December 1, 2021

Asia Broadband (OTCMKTS: AABB) Running Northbound After Crypto Innovator Prepares to Launch AABBExchange its Proprietary Cryptocurrency Exchange

Asia Broadband (OTCMKTS: AABB) is making an explosive move up the charts after the Company announced it is currently integrating and testing the network of components in final preparations to soon release the proprietary cryptocurrency exchange within the AABB Wallet. 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 complete. This allows for an expanding number of cryptocurrencies to be added. The BCGateway platform now accepts and supports 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 is gearing up and heading northbound after a brief dip below a dime. The stock is once again under heavy accumulation and has emerged as a top traded stock in small caps topping $22 million in dollar volume on Friday alone. 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 is fully funded moving forward with $71,726,384 in cash in the treasury as of the latest 10Q. The Company is also virtually debt free.  AABB has momentum, huge liquidity and legions of new shareholders bidding up the price. 

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. 

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Microcapdaily first reported on AABB when the stock was in the $0.003 range back in July 2020 stating at the time: “Asia Broadband Inc. (OTCMKTS: AABB) is moving up the charts on a surge of volume quickly attracting a fast growing shareholder base who is bidding the stock higher. The move up comes after the Company filed this attorney’s letter which stated: “(Company) is actively engaged in small scale mining in Mexican and mines precious and base minerals which are sold mostly to Asian markets.  As of December 31, 2019, the Company’s financial statements indicated that it had current assets of $15,154,716 with total assets of $24,708, 201 and total liabilities of $1,454,470.  The Issuer reported net income of more than $5 million dollars for the year ended December 31, 2019 and reported gross revenues of $6.7 million.” 

AABB is once again moving northbound in a hurry after the Company announced it is currently integrating and testing the network of components in final preparations to soon release the proprietary cryptocurrency exchange within the AABB Wallet. 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 excited in anticipation of the approaching Exchange launch. 

The new platform of the Exchange, the BCGateway, is complete. This allows for an expanding number of cryptocurrencies to be added. The BCGateway platform now accepts and supports 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. 

Additionally, all customer accounts have now been migrated to the BCGateway, which will increase the speed of the AABB Wallet navigation and transaction processing. The network has also become more robust with a larger capacity for increases in transaction volume. Generally, the BCGateway will stimulate transaction growth by allowing for reduced blockchain gas fees for all currencies and increases in speed of deposits, withdrawals, and internal transactions. 

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AABB is making an explosive move up the charts after the Company announced it is currently integrating and testing the network of components in final preparations to soon release the proprietary cryptocurrency exchange within the AABB Wallet. 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 complete. This allows for an expanding number of cryptocurrencies to be added. The BCGateway platform now accepts and supports 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. The timing could not be a better for a major reversal back to previous highs of $0.659 as btc moves over $60k and the Company launches its 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 will be backed by $30 million in physical gold the Company currently holds. At today’s market price of gold, this initial token release will be approximately 5.5 million tokens at the one-tenth (0.1) gram of gold price for each AABBG token. The token price will also be tied to and supported by the Company at the market price of gold at a minimum. In a strategic initiative to acquire gold production and increase the AABB’s physical gold holdings, the Company recently signed an LOI to acquire an historic 200-hectare production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. The 200-hectare property, located approximately 3 kms from the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property.  AABB is in the process of up listing its shares recently reporting the Company has engaged Turner, Stone & Company, LLP and is working through the auditing processes. 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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