Bullion (CBX) 'the digital precious metal' is a cryptocurrency launched in June of 2013.
Ideal for storage of wealth (low inflation and low coin supply) while also fulfilling the requirements to be a medium of exchange (divisibility, security, ease of use, mobility and fast transactions).
Employs an original, first of its kind algorithm, Proof-of-Stake-Participation (PoSP).
PoSP is a green, energy-efficient alternative to the energy and resource consuming Proof-of-Work (employed in Bitcoin and Ethereum).
Has a static annual inflation rate of 2% which is all used for rewarding Bullion owners who actively participate in the network.
Owners who do not participate in the network forfeit their potential interest earnings to those who do, thereby allowing for exponentially higher than inflation rate ROI for active participants.
Bullion is a digital asset with all of the properties of money. Like gold, it is portable, divisible, fungible, scarce, low inflation, durable, non-consumable, and a store of wealth. It can be stored in a private safe and yet transferred across the globe in minutes.
Bullion (CBX) is a cryptocurrency custom-made to be a first-class investment: decentralized, energy efficient, vault-like security, fast transactions, low supply, low inflation, high income and it supports Windows, Linux, Mac & Android
1 Million Coins — Approximately 1 million CBX in circulation with a low 2% inflation
Energy Efficient — Proof-of-Stake-Participation radically minimizes energy consumption
Saver Annual Interest — PoSP rewards CBX holders with high annual interest: averaging 3-4 times higher than overall inflation rate!
True Decentralization — No mining equipment needed! PoSP allows anyone who owns Bullion to earn a ROI by staking!
High Security — PoSP provides maximum security by staking consensus
Bullion (CBX) is a digital asset with all the qualities of money. It employs a first of its kind, advanced security model which is exceptionally safe, efficient and open source. The problems of today’s centralized, debt based fiat currencies find solutions in the cutting-edge decentralized cryptographic currency Bullion. Designed to function as a store of wealth, Bullion’s fundamentals blend the medium of exchange properties of money with the scarcity of supply properties of a precious metal.
Approximately 1 million CBX in circulation
Proof-of-Stake-Participation (PoSP) on Dec 31, 2015
65 Second block time
Eligible for staking after 1 hour
2% Annual inflation
Year-long inflationary distribution stage completed on July 13, 2014
Bullion Participation Nodes (BPN) projected to go live SOON!
The development of Bullion never stops. Check our roadmap below for the next planned features.
Decentralized crypto-currencies operate by maintaining a single, automatically agreed upon ledger, which contains a record of all transactions and the balance of all wallets. This ledger (the blockchain) is distributed and updated amongst all participants of the network automatically to enable security and functionality. Currency in this system is stored in wallets (Bullion Vault) which are composed of a private key and a public key. The public key is an address which can be freely given out and allows others to send money to that wallet. Only the holder of the private key can spend the contents of a wallet; this must be kept secure.
To learn how to acquire Bullion, click here.
To learn how to securely store and use CBX, click here.
The main Bullion block explorer is hosted at CryptoID
Information about staking with pools will be available in due course.
Founder, developer, capital investor and concept creator. Elambert has been involved with crypto-currencies since 2011 and created the concept for Bullion to fill a niche as the digital compliment to precious metals. Bullion is designed to cater to the long-term investor by offering security, stability, ultra-low inflation and interest earnings. Elambert brings with him an extensive background in business management, entrepreneurship and data analysis.
Instantly recognized the gigantic potential for the Bitcoin protocol upon first hearing about it, he went through the crypto-currency cycle: mining BTC, mining LTC, trading BTC, etc. VonSpass liked the values of our Bullion: low inflation, high value and rarity. A University graduate in Marketing, VonSpass accepted the challenge to bring Bullion forward. He has a few ideas in store that will bring CBX to the top of all currencies, and hopefully far beyond
Alex4J is an initially self taught programmer who later in life pursued professional training and accreditation. Along the way he discovered a passion for cryptography and cryptocurrency and joins the Bullion Team with a wealth of knowledge and experience in these areas of study and development. Additional to this, Alex4J brings another flavor of culture to the already diverse development team as well as his associated ideas and familiarity with CBX’s target demographic.
Cryptocurrency enthusiast and a software programmer. He started with Bitcoin in 2013, and later that year found altcoins and mainly Bullion. "What impressed me the most about CBX at the time was its sound financial parameters." 2016 marked the start of his active participation in the team as the Regional Developer for Portugal, Brazil and the Portuguese-speaking countries. He also participates occasionaly in smaller software development activities for CBX.
Get in touch with the Bullion Team direct with your enquiries.