Bullion (CRYPTOBULLION) was a cryptocurrency launched in 2013, designed as a digital store of wealth with properties similar to money and precious metals. It used a unique Proof-of-Stake-Participation (PoSP) algorithm, offering an energy-efficient staking system that rewarded active participants. With approximately 1 million CBX in circulation and a fixed annual inflation rate of 2%, it aimed to provide decentralisation, security, and financial stability. CRYPTOBULLION supported fast transactions with 65-second block times and was compatible with multiple platforms. The development team included founder Chris "Elambert" and several contributors focused on maintaining a secure and efficient blockchain. As of February 2025, the project appears inactive, with its official website offline and the domain for sale. Previous exchange listings may no longer support CRYPTOBULLION, and there have been no recent updates, suggesting that development has ceased.
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 However, with the apparent discontinuation of the project, these features are no longer actively maintained.
Bullion (CRYPTOBULLION) was developed by a decentralised team led by founder and developer Chris "Elambert." Other key contributors included:
Chris “Elambert” – Founder, developer, and concept creator. He was involved in cryptocurrencies since 2011 and designed Bullion to serve as a digital complement to precious metals.
Ben “VonSpass” – Marketing Director, responsible for increasing awareness and adoption of CRYPTOBULLION.
Alexandre “Alex4J” – Senior coder and developer, with a background in cryptography and blockchain technology.
“Malafaya” – Senior coder and regional developer for Portugal, Brazil, and Portuguese-speaking countries.
Nick “Nicjobi” – Social media strategist, managing CRYPTOBULLION's online presence and community engagement.
The development team focused on creating a secure and efficient staking-based cryptocurrency. However, with the project now seemingly inactive, the team's involvement has likely ended.
Proof-of-Stake-Participation (PoSP): An energy-efficient staking mechanism rewarding active participants.
Low Supply: Approximately 1 million CRYPTOBULLION in circulation.
Fixed Inflation Rate: A 2% annual inflation rate, with staking rewards distributed accordingly.
High Security: PoSP was designed to provide maximum security through staking consensus.
Fast Transactions: 65-second block times.
Cross-Platform Support: CRYPTOBULLION was available on Windows, Linux, Mac, and Android.
As of February 2024, Bullion (CRYPTOBULLION) appears to be inactive. The official website is offline, and the domain is listed for sale. Previous exchange listings included platforms such as Coinbook, Crex24, and Nova Exchange, though these may no longer support CRYPTOBULLION. The lack of recent development updates suggests that the project has been abandoned.
Although 'CBX' was the ticker assigned at the deployment of the Crypto Bullion token's smart contract, it is in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this association and to avoid confusion in the marketplace, the alternative ticker 'CRYPTOBULLION' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
