AABB Gold Token ready to expand its ecosystem
The AABB Gold Token (AABBG) is about to expand its ecosystem. The gold-backed token has already gained a lot of traction in the market. Now, the team behind the project plans to launch a new crypto payment gateway for B2B and B2C transactions.
The project already includes an exchange platform, AABB Exchange, which allows users to buy and sell the AABB gold token. The team hopes that the idea of introducing a way to manage crypto payments will further attract investors.
Table of Contents:
- Trading cryptocurrencies backed by gold in a bear market
- How does the AABB Gold Token (AABBG) work?
- Storage of your cryptocurrencies in the AABB wallet
- Trade AABB Gold Token on AABB Exchange
- The introduction of PayAABB
- Key points to remember
Trading cryptocurrencies backed by gold in a bear market
A gold-backed cryptocurrency is a type of digital currency backed by gold. The advantage of this system is that it offers a more stable way of storing value than traditional fiat currencies.
There are several reasons why you might want to use a gold-backed cryptocurrency. One reason is that they can provide a hedge against inflation. If the price of gold increases, the value of your holdings will also increase.
Another reason is that they provide a way to diversify your investment portfolio. By holding fiat currencies and cryptocurrencies backed by gold, you can protect yourself from loss through diversification.
Gold-backed cryptocurrencies are not yet widely accepted as a payment method. Therefore, the latest announcement from the AABBG about the creation of a crypto payment gateway has caught the attention of investors.
The current crypto bear market is growing and interest in gold is growing. AABBG intends to strengthen its position in the industry by developing this new service.
How does the AABB Gold Token (AABBG) work?
The team developed AABB Gold Token on the Ethereum blockchain using the ERC20 cryptographic standard. This means that AABBG can be easily integrated with existing Ethereum-based applications and wallets.
The AABB Gold Token is not much different from a stablecoin. In fact, its creators linked the minimum price of the token to the price of gold in the market. Each token corresponds to 0.1 grams of gold, with a total supply of 5.4 cryptocurrency samples.
This system is similar to stablecoins, such as Tether (USDT). However, the AABB gold token has a key advantage over USDT: it uses real physical gold in its backing system.
Storage of your cryptocurrencies in the AABB wallet
If you are looking for a secure way to store your cryptocurrencies, the AABB wallet is a popular option on the market. Asia Broadband Inc. (OTC: AABB) has chosen to add this product to its ecosystem, guaranteeing private transactions, in March 2021.
In order to be a secure way to manage funds, this wallet does not collect data. Its creators also mention a user-friendly interface for this wallet to attract different levels of customers.
The wallet supports more than 400 cryptocurrencies and ensures compatibility with the iTransfer feature. This feature will allow you to transfer funds via social networks, email or SMS safely.
Using a PIN and passphrase enhances the security level of this wallet. In addition, the AABB explains that all your transactions will be anonymous, therefore invisible to third parties.
Trade AABB Gold Token on AABB Exchange
The AABB Gold Token is a digital asset that provides users with various advantages and benefits. The token has a connection to physical gold, giving it intrinsic value. You can use it to make purchases, send money, or as a way to store value.
The AABB Gold Token Ecosystem wants to provide users with a complete set of tools to manage their tokens.
The AABB wallet is the main tool to manage these assets. The system allows users to securely store their tokens and keep track of their balance and transactions. The wallet also allows users to send and receive payments in multiple cryptocurrencies.
AABB Exchange is a platform that allows users to buy and sell AABB tokens and hundreds of other coins. The system guarantees complete confidentiality and enhanced security thanks to a PIN code and a passphrase.
The platform has introduced a referral system with incentives for you to bring other people or companies into the AABBG ecosystem. Anyone can join the exchange for free and will receive a 20% commission on transaction fees for their referrals. This system is active during the first month of trading.
The introduction of PayAABB
PayAABB is the crypto payment gateway that will soon join the AABBG token ecosystem. With SSL certificates, Google 2FA, and Google Authenticator, this product has a 99.95% security rating. Other than that, the system uses internal encryption.
The gateway can process international payments with fast execution. Setting up PayAABB is a straightforward procedure, as the company explained. You can use PayAABB as a mobile app or a plugin for your online store.
The beauty of decentralization in blockchain is the removal of middlemen. PayAABB does not require the approval of any third party to complete a transaction.
PayAABB will work in both B2C and B2B transactions, allowing money to be transferred from phone to phone.
Key points to remember
The introduction of PayAABB in the AABBG token ecosystem has the potential to increase the project’s reach in the market. This operation will offer business owners and customers a new way to manage cryptocurrencies.
For more information, you can visit the project website and social media pages (Twitter, YouTube and Reddit). These resources will help you learn more about how you can get involved and help grow the AABBG community.
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