@JoshCrumb does "the collaboration aims to connect international suppliers with Chinaβs demand centers and strengthen Asiaβs" mean that Chinese traders will be able to trade Abaxx's LNG contracts directly?
@JoshCrumb how much effort is required to launch these contracts? If they didn't care about those markets until now, would traders take them seriously? could they even attempt before mid'26?
@JoshCrumb@KathuriaManan@CMcgarraugh it would be cool for the 2026 annual meeting to be in person with free food. I would deal with Toronto rush hour just for that. 29er meet up
Would remove the clearing time from bank to brokerage to be 24/7 further reducing friction inside the Abaxx network. Then adding a payment processor would complete the entire network. Abaxx is obscenely undervalued.
It will happen properly by next year. ..I had two equity transfer agents message me last week to discuss our digitial title tech (the final piece needed for ID & fegal finality to do securities on-chain). ..we also have an equity exchange licence and custody/clearing SRO being finalized, so all the pieces are now there to execute it.
@JoshCrumb so what you are saying is next year's shareholder meeting will be in person with free food? Hopefully the 1-2 year headstart will be enough to permanently leave the others in the dust. My worry is when the tech is out there they can spin up development quick to compete
"Continued discussions with external exchange groups based in China to collaborate on cross-jurisdictional (onshore/offshore) product listing opportunities with Abaxx Exchange and Abaxx Clearing." so could be China as well
There is like 2 (state owned enterprises) from Singapore that deals with LNG. we know at least 2 SOEs visited the office because of the plural. If more than 2 then it starts getting into possible China or Saudi as well. If those are also using Abaxx's LNG pricing too....wow!
Abaxx Provides Corporate Update
The recap covers new contract development, first commercial use case for ID++, China-focused commercial engagement, the formation of @Abaxx_Spot & post-quarter volume growth in #gold & #LNG futures on @Abaxx_Exchange
https://t.co/GWyuqAJ5zH
im guessing for strictly regulated companies you might want to track the commodity and which licensed companies are handling it for any spot and futures market. I know of a company that would be great for that $MHUB
lol. I think youβve learned by now that we *can* work on ten things at once, effectively. ..yeah, I had people asking about Uranium since I launched this business. A client asked us to work on a different product in a unique way, and the lightbulb went off. Iβm pretty sure I know how to make an effective curve (at least near dated) for physical spot uranium now, in a way that is wayyy outside the box from the traditional way , but still physical and should work. We are doing the legals now to list this fall if Iβm right (subjects to regs final sign off, always).
..it should just be up ahead
Only that if Iβm right about my thesis on modern spot markets (an original one btw, as there is no other product like it globally right now, for very idiosyncratic reasons), this could really force a lot of people to onboard Abaxx to trade/arb this, including a number of global banks and market makers (many who are already on-boarding for our very important weather products).
Itβs all about the Abaxx Network. One product feeds another, until we have a suite of markets that nobody else has, with technology and collateral use cases nobody else has. #BestExecution #BlackHoleLiquidity
up to $5000 USD in a single day of revenue now. Almost 1.3 million USD per year at the current rate. FBOT may break the dam and push us to 8 figures by year end. Liquidity begets liquidity.
Looks like Aug 12 was the best trading day to date on @abaxx_exchange.
Nearly 1,500 lots of #gold across the near-dated curve
+150 lots of #LNG (~half cargo)
Plus some Carbon.
..and btw, LNG, Gold and Carbon will be three of the core pillars of global commodities going forward (and lithium). And once we free capital to move instantly to-from Asia, Singapore πΈπ¬ will rightly be the center of both physical origination in the worldβs largest commodity region, and financial commodity collateral (ever wonder why commodities are still financed in NY & London for movement within Asia ex-China, itβs all about USD capital and collateralβ¦which will change with technology). #FDT #29ers
@JoshCrumb @SeawaterUranium Wait a secondβ¦.Abaxx network will unlock the ability to store funds over the FDIC limits and be risk free? I never even considered this angle. Most are forced to hold treasuries to not be exposed to bank risk but Abaxx removes that?
@JoshCrumb so 1H 2026 is getting the tech integrated, onboarding more banks and clients, and 2027 is the real push? I am guessing the curve of adoption will be quickly exponential and at the minimum cover all the assets being traded on the exchange?
$ABXX 42T potential assets on network by 2027. Fun Math: USDC supply > 65 billion. $CRCL mc is 40 billion so 65%. Applying same math makes abaxx worth $794,117 in 2027 (i know not likely). People putting $0 valuation on the tech are missing the big picture.