All that glitters may be gold with a brand new hybrid cryptocurrency. The AABB Gold Token by Asia Broadband, Inc is backed by gold mines and $30 million in bodily gold reserves.

Cryptocurrency has confirmed itself to be a drive to be reckoned with by way of the course of the Nice Recession of 2020. According to Investopedia, Bitcoin and cryptocurrency costs skyrocketed to new highs in 2020 by as a lot as 200 %, as fears of macroeconomic instability drove traders in the direction of new asset courses. Crypto has additionally confirmed to be greater than only a bubble, as 2021 can be turning out to be the 12 months of the cryptocurrency. As stated by Statista,

…its explosion in worth in 2021 can discover its roots in October 2020, subsequently the expansion we see on this deal with 2021 is barely actually the tip of the iceberg. When counting from the primary 7 days of October, Bitcoin has since grown by 426 %.

So does that imply cryptocurrency can formally be considered mainstream? The reply is—considerably. It’s heading in the right direction as it’s working itself into the mainstream monetary world, nevertheless it naturally nonetheless has its justifiable share of skeptics because of the volatility that’s tied to the world. That is the place hybrid cryptocurrencies come into play.

Hybrid Cryptocurrencies: A New Gold Normal

Hybrid cryptocurrencies mix the constructive options of centralized and decentralized exchanges whereas additionally addressing their respective shortcomings, providing perks that traders anticipate: usability, liquidity, anonymity, and safety. One of many biggest advantages of hybrid crypto exchanges is the truth that the property will not be held in scorching wallets. This makes cyber-attacks inconceivable, as funds are positioned in chilly storage.

Hybrid cryptocurrencies can even take type in distinctive functions, as seen within the case of the AABB Gold Token, a hybrid cryptocurrency backed by gold mines owned and operated by Asia Broadband, Inc (OTC: AABB). They’re a Las Vegas-based useful resource firm targeted on the manufacturing, provide, and sale of valuable and base metals to primarily Asian markets. They created AABB Gold within the spirit of merging gold stability with crypto innovation.

Within the first two weeks of its launch, $1 million price of AABBG tokens have been bought. In Could, Asia Broadband’s token website obtained over 9k customers. The corporate has bought 245,412 tokens since March 2021, they usually have a circulating provide of $5.4 million. The corporate has $100 million in property and lately retired 107 million shares. The AABBG is backed by 100% bodily gold because of the firm’s vertically built-in mine-to-token idea, which is one in every of a form because of the vertical integration.

By AABB Gold, an ERC-20 gold-backed token, & by way of the AABB Pockets, Asia Broadband expects to grow to be a pacesetter on this planet in offering an ordinary of change of wonderful high quality, safe, and clear trusted by bodily gold. Gold-backed tokens can profit from each cryptocurrency and gold qualities whereas nonetheless being able to understand in worth on each markets.

Sensible for the Novice Investor

Novice traders can take consolation in the truth that AABB Gold can function a cushty gateway into the world of crypto. This unification of crypto with blockchain offers people alternatives to put money into gold with out storing bodily gold.

The minimal token value is linked to the present spot value of gold, implying that the token benefits from the gold’s decrease volatility than the cryptocurrency market, offering a way of stability. The bull case for gold stays intact, owing to fears of depreciated fiat currencies, and AABBG might climb as a consequence of rising gold costs. Whereas the value of gold fluctuates, market demand will decide the token’s potential upside value.

The AABB pockets permits traders to immediately ship AABB Gold and different cryptos by electronic mail, SMS, or social media. It additionally securely manages B2B and B2C transactions and can be utilized as the primary forex for all gold-related transactions.

Moreover, in contrast to most different gold-backed token initiatives, Asia Broadband, Inc. has intensive data of the valuable metals enterprise. Starting with mining, in affiliation with the manufacturing course of, provides an revolutionary community that stretches from buying gold initiatives in Mexico to massive consumer gross sales networks in Asia. World gross sales partnerships enhance the potential for AABBG demand.

As cryptocurrencies proceed making waves throughout quite a few areas and locations worldwide, now could be the time for traders to look into choices equivalent to AABB Gold, particularly whereas it’s nonetheless early within the recreation.