Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, has reached significant milestones in its efforts to build a proprietary cryptocurrency exchange. The company announced that, after the first month of development, the exchange completion timeline is on schedule for testing in mid-August; AABB plans to launch the live exchange in September 2021. Working with Core State Holdings Corp. to develop the exchange, AABB has reported that the first month of development included preparing the network, platform, design and algorithms. The company noted that improvement and optimization of the network foundation has been completed and the blockchain network was upgraded. In addition, design for the iOS, Android and Web-version of the exchange has been completed, with updated versions of the iOS and Android applications submitted for approval. Also, the KYC protocols began the streamlining process for the exchange to allow easier user completion and system acceptance. In the coming months, AABB is focused on developing the cold wallet, web versions of the wallet and exchange, the transaction fee mechanism, and trade platform and reporting system. The purpose of the exchange is to enable AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
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About Asia Broadband Inc.
Asia Broadband, through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. AABB also is releasing a freshly minted mine-to-token, gold-backed cryptocurrency and expects to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. For more information about the company, please visit www.AsiaBroadbandInc.com.
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