Crypto Bullion

Bullion (CRYPTOBULLION) is a cryptocurrency launched in June 2013, designed to function as a digital store of wealth. It aimed to combine the properties of money—such as divisibility, security, ease of use, and mobility—with the scarcity of precious metals. CRYPTOBULLION employed a unique Proof-of-Stake-Participation (PoSP) algorithm, which rewarded active network participants with interest earnings. Unlike traditional Proof-of-Work (PoW) cryptocurrencies, PoSP was designed to be energy-efficient. The network maintained a static annual inflation rate of 2%, with staking rewards distributed to participants. As of February 2025, the project appears inactive, with its official website offline and the domain listed for sale.

Bullion (CRYPTOBULLION) was designed primarily as a store of value with low inflation and a fixed supply of approximately 1 million coins. It sought to provide an alternative to traditional fiat currencies and precious metals by offering decentralisation, security, and energy efficiency. Holders of CRYPTOBULLION could stake their coins to earn rewards through the PoSP system. This mechanism encouraged network participation, as users who did not actively stake forfeited their potential rewards to those who did. CRYPTOBULLION also supported fast transactions, aiming to function as a medium of exchange while retaining store-of-value characteristics. However, with the apparent discontinuation of the project, these features are no longer actively maintained.