This article by Mark Gilman with my photo is in today’s Yahoo News and Benzinga.
Today’s new cryptocurrency investor is not the risk-taker of a few years ago. They’ve seen the mistakes of the past 12 years in a volatile investment market, and they’re becoming much more cautious. They’ve seen people close to them dump money erratically into crypto because a friend or family member thought it was a good idea. For many, it wasn’t. Though more than 10% of Americans own some form of digital asset, many made early mistakes diving in.
Cryptocurrency has always been more high risk than stock trading but not as risky as trading penny stocks or options. New, more risk-averse investors are now looking into cryptocurrency investment opportunities with solid backing.
Since the infancy of the cryptocurrency trading market, developers have had an interest in creating a gold-backed digital currency. To have that type of digital currency means you link 1 token or coin to a specific quantity of gold. The gold is then held in reserve, usually by a third party. The significant advantage of having a gold-pegged digital currency is that the baseline or minimum value of the token will always be equal to the fixed amount of gold. The gold-backed digital currencies offer protection against a considerable drop in value. So how do new investors looking for more stable cryptocurrency investment opportunities find an avenue to these gold-backed digital assets?
One company that has connected cryptocurrency and precious metal assets is Asia Broadband Inc. (OTC: AABB), which focuses on the production, supply, and sale of precious and base metals. The company employs an innovative distribution process that has led to the release of its AABB Gold (AABBG) freshly minted mine-to-token gold-backed cryptocurrency and is developing its proprietary digital exchange. AABB expects its token to become a worldwide standard of exchange that is stable, secured, and trusted with 100% physical gold.
Gold-backed tokens can benefit from both gold and cryptocurrency features while maintaining the potential for price appreciation from both markets. While AABBG is not a stablecoin, it has the stability of a token price supported at 0.1 grams of the spot price of gold.
And while many novice investors steer towards better-known cryptocurrency exchanges such as Coinbase (NASDAQ: COIN), AABBG can be purchased using the easy-to-use AABB Wallet app. Launched by the company in March 2021, the AABB Wallet is an exceptionally unique entry-level opportunity for new investors and will soon launch its proprietary cryptocurrency exchange within the wallet. More than 14,000 investors have downloaded the AABB wallet, with the size and scope of the Exchange project growing exponentially over the past few months.
You can learn more about AABB Gold Token and the AABB Wallet at www.aabbgoldtoken.com.