AABB Gold is a peer-to-peer decentralized platform that was created with the backing of gold providing it with a somewhat stable price level. Although the cryptocurrency is not a stable coin, however, it has several of the qualities of a stable coin because of its gold reserve backing. The backing comes from its mother company which ordinarily deals in gold trading before entering into the world of cryptocurrency and coining out the token. Ever since the platform was created, scores of cryptocurrency enthusiasts all over the world have gotten actively involved in its ecosystem to help develop its technology.
The input of developers from different parts of the world has led to the network having several game-changing features. Apart from its physical backing in gold, the platform offers a series of features which include scalability and exceptional transaction speeds.
Who are the Founders of AABB Gold Token (AABBG)?
AABB Gold token was founded by the mother company, Asia Broadband INC. The company, Asia Broadband is a subset of Asia metals that focuses most of its resources on production, sale, and supply of both base and precious metals majorly to the Asian market. While the company is considered a major brand currently, however, that wasn’t always the case. Asia Metals built its brand up from the ground by taking advantage of its geographic position and including the experience and expertise of its top staff.
The company uses an innovative distribution mechanism whereby the production and supply of the base metals and precious metals start off in Mexico before further being delivered to clients in Asia. This mechanism is called vertical integration which is what is used by the AABB gold network that creates a distinctive level of value for the participants. The AABB Gold token was founded by the Asia Broadband company in February 2021.
What is AABB Gold Token (AABBG) used for?
Apart from the evident provision of physical assets backing given to the AABB gold token, the platform has also brought some foreign innovations to its network. One of its innovations is its seamless combination of decentralization and liquidity of cryptocurrency to produce a network that is financially stable and trackable. As such, this helped the company start on a good note by having the stability of a stablecoin at a quantity price of a relatively new cryptocurrency.
Because the AABB cryptocurrency token was created with the backing of physical assets such as gold, the price and value of the coin are automatically heightened compared to other similarly new cryptocurrencies. These tokens can be used to make a profit for their holders as they can be traded with other cryptocurrency pairs to earn them a level of profit.
What Is the Unique Point of AABB Gold Token (AABBG)?
While several cryptocurrencies have successfully stood the test of time, and have experienced major growth over the past few years, many people are still skeptical about it.
The AABB gold network aims to bridge this gap by providing a series of advantages that other financial vehicles may not have. One thing all regular cryptocurrencies share in common is that they are pure or to some extent digital assets alone. This means that their market value is purely dependent on the forces of supply and demand making them volatile. Thus, people are worried about the volatility attached to digital assets in general. AABB gold has found a way to breach that gap and remove the volatility fears of people. The AABB token is purely backed by a physical gold reserve thus making its price relatively stable.
Tokens that have cryptocurrency backing are different from regular cryptocurrencies in that they are backed by commodities that already have an open market value. Such commodities include oil, real estate, or in this case, gold.
The AABB network also offers its participants a seamless and fast transaction speed in addition to the general scalability of the platform.
How many AABB Gold Tokens (AABBG) coins are in circulation?
The AABB Gold token is a modified type of cryptocurrency which is backed by gold mines that are owned and run by Asia Broadband Inc and has over $30 million in physical gold reserves.
Asia Broadband Inc being the mother company of the AABB gold token network has pledged that it will back the tokens 100% by the reserve. It plans to use its mining projects currently in the works as a unique source. It also plans to incorporate other traditional third parties as backup sources for its reserve.
In total, the AABB gold token has a maximum supply of 5.4 million tokens and in the first two weeks of its launch, the platform sold over $1 million in value of AABB gold tokens.
Is the AABB Gold Token (AABBG) Network secured?
The AABB gold token was issued under the ERC-20 specification. This means that the token’s scripting standard lies within the Ethereum network. This standard dictates the rules and standards which are expected of an Ethereum smart contract or token. Due to the AABB gold token being based on the Ethereum standard, the platform is thus secured by its consensus mechanism.
Similar to the Bitcoin network, the Ethereum blockchain makes use of the proof-of-work consensus mechanism. The mechanism permits participants on the decentralized network to agree on the order of transactions. This principle prevents the problem of double-spending from becoming a reality on the platform. It also ensures that the system is next to impregnable on both the surface and in-depth levels.
How do I buy AABB Gold Token (AABBG)?
The AABB gold token is a game-changer in the world of cryptocurrency as we know it. The underlying technology and its god reserve backing set it aside from the regular cryptocurrencies available in the world. In addition to the project attracting several interested developers all over the world, it also ushered in a new dispensation for cryptocurrencies. This has also led to its speedy global adoption ever since it was introduced, and now, the token is available across a large variety of exchanges. AABBG tokens can be bought through the steps below provide the right direction to purchasing its tokens.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and Buy AABBG through your trading account.
Which Cryptocurrency Wallet Supports AABB Gold Token (AABBG)?
The AABB Wallet platform supports many cryptocurrencies simultaneously such as AABB gold token. Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies.