- Asia Broadband Inc. announced it had recorded over $1 million in AABB Gold Token sales, despite not undertaking an international marketing campaign
- The announcement follows a series of methodical steps that saw the company launch the AABB Wallet and Gold token in collaboration with developer CSHC
- The initial token release meets the criteria for a successful cryptocurrency launch per an IEEE study, indicating that AABB is on course to record higher sales
Asia Broadband (OTC: AABB), a resource company that produces, supplies and sells precious and base metals, primarily to the Asian market, recently made another important stride in its efforts to provide a standard of exchange through its AABB Gold (“AABBG”) token. The company announced it had recorded more than $1 million in sales within the first two weeks after the sales launch of AABBG on March 22 (https://ibn.fm/3GIo0).
The news was positively received as indicated by the movement of the company’s stock price on OTC Markets, which rose to a one-week high, bettered only by the combined influence of the token’s launch and the announcement that Asia Broadband had recorded an all-time high annual gross profit of $16.8 million for the financial year 2020 (https://ibn.fm/PeLiP) two weeks prior.
Importantly, the company witnessed these record sales even before embarking on an international marketing campaign, meaning that the sales are likely to soar even higher once such marketing efforts begin. Once it commences, the campaign will amplify public and investment community awareness of AABB, promote brand exposure and increase token sales and AABB wallet transactions.
Asia Broadband has taken a progressive approach to rolling out its gold-backed token. What began as a vision to become a world leader in providing a standard of exchange that is secure, transparent, trusted and of excellent quality, turned into reality thanks to the input of Core State Holding Corp. (“CSHC”), the developer of the AABB Wallet and Gold token. Following the launch, CSHC began validating token sales operations by monitoring and refining the information, as well as processing transactions.
With the validation process already complete, AABB is proceeding to implement the international marketing campaign. This implementation will happen as CSHC develops Asia Broadband’s own proprietary cryptocurrency exchange that will enable AABB Wallet users to exchange their AABBG tokens for major cryptocurrencies.
This methodical approach also permeates other aspects of the rollout. Initially, Asia Broadband is focusing on progressively expanding token circulation to the primary sales markets of North America and Europe, after which it will expand globally to other predominant and high growth market areas.
The company released 5.4 million tokens in this initial release at the one-tenth gram of gold price (about $5.60) for each AABBG token. This effectively means that the two-week period saw the company sell over 175,000 tokens. With the acceptance among cryptocurrency enthusiasts already evident, the marketing campaign will likely yield even better results.
In fact, the findings of a study by the Institute of Electrical and Electronics Engineers (“IEEE”) reveal that Asia Broadband’s initial token release has the potential for higher sales. The study, which explored the indicators of a successful cryptocurrency launch, cited elements such as a high amount of total token supply and issuing the tokens in the USA, as having a positive correlation with the total sales achieved (https://ibn.fm/KzI0Q).
With AABB’s token release having met the criteria contained in the study, the company looks well-positioned to record even higher sales. The release also indicates that Asia Broadband Inc. is on course to actualize its vision of becoming a world leader in providing a standard of exchange backed by gold.
For more information, visit the company’s website at www.AsiaBroadbandInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ibn.fm/AABB
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