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.