Asia Broadband Begins Strategic Development Of Silver-Backed Cryptocurrency, as Mining Operations Silver Production Expands and Silver Price Fundamentals Strengthen
Asia Broadband (OTC: AABB) has initiated the development of a new silver-backed cryptocurrency token planned for early 2025 launch. The decision follows increasing quarterly silver production and positive silver market fundamentals. The company began accumulating silver bullion from its Q3 2024 production to back the new AABBS token, similar to their existing gold-backed AABBG cryptocurrency. The company's silver production, currently about half of their mining output, is expected to expand significantly once their new ore stockpile processing plant in Etzatlan, Mexico becomes operational.
Asia Broadband (OTC: AABB) ha avviato lo sviluppo di un nuovo token di criptovaluta sostenuto da argento previsto per il lancio all'inizio del 2025. La decisione arriva a seguito dell'aumento della produzione trimestrale di argento e dei fondamentali positivi del mercato dell'argento. L'azienda ha iniziato ad accumulare lingotti d'argento dalla sua produzione del terzo trimestre del 2024 per sostenere il nuovo token AABBS, simile alla loro attuale criptovaluta AABBG sostenuta da oro. La produzione di argento dell'azienda, attualmente circa la metà della loro produzione mineraria, dovrebbe espandersi significativamente una volta che il loro nuovo impianto di lavorazione della scorta mineraria a Etzatlan, Messico, diventerà operativo.
Asia Broadband (OTC: AABB) ha iniciado el desarrollo de un nuevo token de criptomoneda respaldado por plata planeado para su lanzamiento a principios de 2025. La decisión sigue a un aumento en la producción trimestral de plata y a fundamentos positivos en el mercado de la plata. La empresa comenzó a acumular lingotes de plata de su producción del tercer trimestre de 2024 para respaldar el nuevo token AABBS, similar a su criptomoneda existente respaldada por oro, AABBG. La producción de plata de la compañía, que actualmente representa aproximadamente la mitad de su producción minera, se espera que se expanda significativamente una vez que su nueva planta de procesamiento de reservas minerales en Etzatlan, México, entre en funcionamiento.
아시아 브로드밴드(OTC: AABB)는 2025년 초 출시 예정인 새로운 은으로 뒷받침된 암호화폐 토큰 개발을 시작했습니다. 이 결정은 분기별 은 생산량의 증가와 긍정적인 은 시장 기본 요인에 따른 것입니다. 이 회사는 새로운 AABBS 토큰을 뒷받침하기 위해 2024년 3분기 생산에서 은괴를 축적하기 시작했으며, 이는 기존의 금으로 뒷받침된 AABBG 암호화폐와 유사합니다. 현재 약 절반이 채굴 생산량인 회사의 은 생산량은 멕시코 에자트란에 있는 새로운 광석 재고 처리 공장이 운영 될 때 상당히 확대될 것으로 예상됩니다.
Asia Broadband (OTC: AABB) a lancé le développement d'un nouveau jeton de cryptomonnaie adossé à l'argent, prévu pour un lancement début 2025. Cette décision fait suite à une augmentation de la production trimestrielle d'argent et à des fondamentaux positifs du marché de l'argent. L'entreprise a commencé à accumuler des lingots d'argent à partir de sa production du troisième trimestre 2024 pour soutenir le nouveau jeton AABBS, similaire à leur cryptomonnaie existante adossée à l'or, AABBG. La production d'argent de l'entreprise, actuellement environ la moitié de sa production minière, devrait s'accroître considérablement une fois que leur nouvelle usine de traitement des stocks de minerai à Etzatlan, au Mexique, sera opérationnelle.
Asia Broadband (OTC: AABB) hat die Entwicklung eines neuen silbergestützten Kryptowährungstokens eingeleitet, das für einen Start Anfang 2025 geplant ist. Die Entscheidung folgt einem Anstieg der vierteljährlichen Silberproduktion und positiven Marktgrundlagen für Silber. Das Unternehmen begann, Silberbarren aus seiner Produktion im dritten Quartal 2024 zu akquirieren, um den neuen AABBS-Token zu unterstützen, ähnlich wie ihren bestehenden goldgestützten AABBG-Kryptowährung. Die Silberproduktion des Unternehmens, die derzeit etwa die Hälfte ihrer Bergbauausbeute ausmacht, wird voraussichtlich erheblich steigen, sobald die neue Aufbereitungsanlage für Erzvorräte in Etzatlan, Mexiko, in Betrieb genommen wird.
- Development of new silver-backed cryptocurrency token (AABBS)
- Increasing quarterly silver production
- Silver production expansion expected with new processing plant in Etzatlan
- Strategic silver bullion accumulation from Q3 2024 production
- None.
LAS VEGAS, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company recently began the planning and development of a new silver-backed cryptocurrency token expected to be launched early next year. The Company’s continued increases in quarterly silver production, along with numerous silver market price growth fundamentals, led to management’s commitment to create a new silver-backed token. World governments’ inflationary policies and Samsung’s plans to mass produce a silver-based electric vehicle (EV) batteries are just a few of the major demand influences that are expected to drive a silver price rally for years to come. Furthermore, approximately half of the Company’s quarterly mining production is silver, which will expand immensely when the new ore stockpile processing plant begins throughput operations in Etzatlan, Mexico. AABB began the accumulation of silver bullion from its production in the third quarter of this year to back the new AABBS silver token release, in the same way as the Company created its gold-backed AABBG cryptocurrency.
“With so many strong economic forces moving in the direction of higher silver demand and prices, we are excited to prepare for the launch of our silver-backed token at such a favorable and strategic time. Additionally, we will be ramping up our production of silver and gold considerably when our new stockpile processing plant begins operating at Etzatlan,” stated Chris Torres, AABB President and CEO.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. 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 and digital asset developers.
Contact the Company at:
| General Email: Token Support: Company Websites: | ir@asiabroadbandinc.com support@aabbgmine2token.com www.asiabroadbandinc.com www.aabbgmine2token.com www.goldenbaboons.com |
| Phone: | 702-866-9054 |
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
FAQ
When will Asia Broadband (AABB) launch its silver-backed cryptocurrency token?
Where is Asia Broadband's (AABB) new ore stockpile processing plant located?
What percentage of Asia Broadband's (AABB) mining production is silver?
When did Asia Broadband (AABB) begin accumulating silver bullion for its new token?
