August 11th, 2022 News
Why Tokenization is Important and how Blockchain can Transform Industries
Tokenization is one of the many areas that blockchain technology has already transformed, changing our understanding and approach to the use of tokens. It has become one of the most promising means for online exchange due to its ability to represent real assets in the form of virtual assets. With the introduction of blockchain technology, tokenization applications that previously helped protect users' personal financial information, and the security of their transactions, have received a completely new ‘use case’. The word "tokenization" in the context of blockchain refers to a highly secure process of converting property or financial assets into digital…
May 21st, 2021 News
Core State Holdings, Corp. Continues Development of Digital Exchange for Asia Broadband, Inc.
Core State Holdings, Corp. ("CSHC" or the “Company") is pleased to announce that the Company, after completing the creation of the AABB Wallet for Asia Broadband Inc. (OTC: AABB) and launching the AABBG gold-backed token, has begun developing a full-fledged cryptocurrency exchange. This platform is planned to have at least 20 trading pairs; with the main trading currencies also being paired with AABBG. With the rise of gold, and the slow descend of Bitcoin before another rise in 2022/2023, AABBG is becoming a promising currency. As gold slowly increases in price, so does AABBG, making AABBG great not only for…
March 3rd, 2021 News
Core State Holdings, Corp. Completes Development of AABB Wallet
Core State Holdings, Corp. (“CSHC”) has completed development and testing of the AABB Wallet for Asia Broadband, Inc. (OTC: AABB). The Company is currently in the process of creating an automated purchase mechanism allowing users to purchase AABB Gold (AABBG) tokens directly within AABB Wallet upon launch. Much time has been invested into AABB Wallet in order to make the platform easy to use, safe, and for everything to work seamlessly. The Company does not expect the automated purchase mechanism to take much time to develop, with testing already expected to occur on the week of the 8th of March. Once testing has been completed and…
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  • Why Tokenization is Important and how Blockchain can Transform Industries

    Tokenization is one of the many areas that blockchain technology has already transformed, changing our understanding and approach to the use of tokens. It has become one of the most promising means for online exchange due to its ability to represent real assets in the form of virtual assets. With the introduction of blockchain technology, tokenization applications that previously helped protect users’ personal financial information, and the security of their transactions, have received a completely new ‘use case’. The word “tokenization” in the context of blockchain refers to a highly secure process of converting property or financial assets into digital assets. It is important to understand that blockchain networks provide encryption and traceability of each transaction within the informational block. As a result, tokenization based on blockchain technology offers an open, risk-free, and forward-looking solution for the valuation and management of any valuable asset. Thanks to blockchain technology, a wide range of real assets – and even businesses – can be safely and efficiently tokenized. Surprisingly, the arguments surrounding the methods provide a convincing argument in favor of tokenization, which has various unique advantages and uses cases in many sectors. Decentralization is a built-in advantage of blockchain technology. Some of the problems caused by excessive centralization include manipulation, bureaucracy (overly complex procedures), and unfair distribution of benefits. Any process can benefit from decentralization, optimizing its operations by putting the entire chain of intermediaries on an equal footing.   Why Does Tokenization Work? Tokenized assets can represent full or partial ownership of other assets, such as real estate, vehicles, precious metals, and more. Moreover, the tokens themselves can fully or partially embody these property rights. Users can divide each investment, property, or other investment into different tokens, each with its own unique number. As a result, individual investors with smaller amounts of cash can have the opportunity to explore the investment market and get acquainted with various profitable options without having to join investment funds. Tokenization has been creating new opportunities in the real estate market since 2017. Tokenization can reduce the final barrier to entry into financial markets by simplifying investor registration procedures. This is perhaps the most important advantage of tokenization. As a result, even in the absence of a stock exchange, tokenization can provide significant prospects for creating a securities market. Tokens can simplify account registration and ownership registration, as well as simplify other elements of transactional operations. Tokenization of precious metals such as gold, platinum, or silver can allow the creation of tokens that are guaranteed to be stable tokens, tied to the value of precious metals. This allows users to avoid a lot of volatility and potentially hedge inflation when buying them. Also, the use of such tokens as a means of payment for goods or services in retail allows businesses to avoid losing the value of a product or service with the daily volatility of cryptocurrencies.   How Companies can Receive Access to the Creation of Tokenized Assets Core States Holdings, Corp. has developed products based on the PTPWallet platform that allows companies from any industry to tokenize their assets and enter into the crypto realm. On the basis of the PTPWallet platform, we are helping businesses tokenize their assets on blockchain networks such as ERC-20 or BEP-20; alongside other networks that offer flexibility. With this possibility, businesses are receiving a platform allowing them to offer eligible users tokenized assets alongside a wallet (with support of over 400+ currencies). Additionally, this platform provides the company with; the functionality of selling tokens, exchanging cryptocurrencies, support of their custom token (be it ERC, BEP, NFT, etc), and the receival of a crypto payment gateway for their partners. All these products are under the brand of the client’s company, allowing businesses to further enhance the trust of its community & users that they are owning the tokenized assets and are a legitimate company. The PTPWallet is very flexible towards external integration and has the ability to add any functionality needed by companies.   “Core State Holdings Corp’s provides clients with a customized blockchain solution that will enable them to expand their business, attain their vision, and increase customer confidence in the company.,” says Oleg Cheine, CEO and Co-Founder of Core State Holdings Corp.   Conclusion Tokenization provides endless opportunities for businesses to test out new markets, being either a user or a creator. Tokenization will continue to expand in the foreseeable future, and you will definitely see more news about it globally as more countries and businesses begin to decrease their reliance on the USD and the Euro.

  • Core State Holdings, Corp. Continues Development of Digital Exchange for Asia Broadband, Inc.

    Core State Holdings, Corp. (“CSHC” or the “Company”) is pleased to announce that the Company, after completing the creation of the AABB Wallet for Asia Broadband Inc. (OTC: AABB) and launching the AABBG gold-backed token, has begun developing a full-fledged cryptocurrency exchange. This platform is planned to have at least 20 trading pairs; with the main trading currencies also being paired with AABBG. With the rise of gold, and the slow descend of Bitcoin before another rise in 2022/2023, AABBG is becoming a promising currency. As gold slowly increases in price, so does AABBG, making AABBG great not only for storing investments but also for making sale/purchase-related transactions. Upon launch of the digital exchange, two trading methods will be offered – ‘Quick Exchange’ and ‘Advanced Exchange’. ‘Quick Exchange’ allows for the rapid trade of a currency for another currency at the best offering price. ‘Advanced Exchange’ will allow the user to manually set buy/sell orders at the price they are looking for. The Company, in order to ensure the liquidity of the exchange, is working on providing instant transactions within the platform. Fast transaction times impact liquidity positively because it is possible to buy a token/coin at a desired price, without having to wait. A very illiquid market can allow one large entity, or a group of entities, to manipulate the price to their advantage. High liquidity means low price manipulation, more accurate crypto prices. The main components of the project, planned to be completed in the coming months, are: the addition of a cold wallet functionality, a web version of the wallet and the exchange, a new transaction fee mechanism, the trading platform itself, and even more optimized security-related functionalities for users. Our blockchain foundation is also being upgraded to ensure faster transfers and transaction reports. Special attention is allocated to regulations imposed on the cryptocurrency market by regulatory authorities in North America and Europe. In order to continue to be in proper compliance with these regulations, and make the process easier for users, the Company is further optimizing the KYC/AML platform. The new version will allow users to upload information in a more understandable way and the platform will automatically report – if required – information to the necessary local regulatory authorities upon request; or if a user went against the local PCMLTFA guidelines. Further partnership between Core State Holdings, Corp. and Asia Broadband, Inc. will allow us to create a next-level modular Digital Assets Exchange, capable of implementing various modules, like: certain modules for brokers, functionality allowing for the issuance of crypto-secured loans, a credit/gift card module, a module connecting retail chains, and so on. About Asia Broadband Inc. (OTC: AABB) 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. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies.

  • Core State Holdings, Corp. Completes Development of AABB Wallet

    Core State Holdings, Corp. (“CSHC”) has completed development and testing of the AABB Wallet for Asia Broadband, Inc. (OTC: AABB). The Company is currently in the process of creating an automated purchase mechanism allowing users to purchase AABB Gold (AABBG) tokens directly within AABB Wallet upon launch. Much time has been invested into AABB Wallet in order to make the platform easy to use, safe, and for everything to work seamlessly. The Company does not expect the automated purchase mechanism to take much time to develop, with testing already expected to occur on the week of the 8th of March. Once testing has been completed and everything is ready to go, the Company, alongside AABB, will do a global launch of the AABB Wallet – on both the Apple App Store and the Google Play Store. Both companies have already agreed to a scheduled launch date. The AABB Wallet is considered by CSHC as the newest form of the PTPWallet. There have been numerous UX/UI modifications made to the wallet, certain modules were further optimized in order to increase the ease of use of the platform, and extensive upgrades to the network have been made. Upon launch of the AABB Wallet, the AABB Gold (AABBG) token will be accessible and available for purchase. CSHC is developing an automated purchase mechanism specifically for the AABB Gold token; allowing users to quickly purchase the AABB Gold tokens directly from Asia Broadband via the AABB Wallet. The automated purchase mechanism will already be completed upon the launch of the AABB Wallet and AABB Gold token. As of March 02, 2021, 9:18AM EST, over 45 million AABBG have been reserved by the Asia Broadband community.

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