Question 1

What is Bullion (CRYPTOBULLION)?

Accepted Answer

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.

Question 2

What is Bullion (CRYPTOBULLION) used for?

Accepted Answer

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 However, with the apparent discontinuation of the project, these features are no longer actively maintained.

Question 3

Who created Bullion (CRYPTOBULLION)?

Accepted Answer

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.

Question 4

Key Features of Bullion (CRYPTOBULLION)

Accepted Answer

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.

Question 5

Current Status

Accepted Answer

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.***

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Open	24h High
1	CRYPTOBULLION-BTC cbx_btc	yobit	-	0.0₅1000BTC	0.00%	0CRYPTOBULLION	0.0₅1000BTC	0.0₅1000BTC
2	CRYPTOBULLION-WAVES cbx_waves	yobit	-	0.2988WAVES	0.00%	0CRYPTOBULLION	0.2988WAVES	0.2988WAVES
3	CRYPTOBULLION-USD cbx_usd	yobit	-	0.07616USD	0.00%	0CRYPTOBULLION	0.07616USD	0.07616USD