First Post Last Post
Crypto Bullion, the Cryptocurrency for Investors
One critical piece of the outlined 2017 road-map is to put in place a self funding mechanism for continued development. The current plan is to create a 10k superblock at the time of the hardfork occurring in August/September to be used for a dev operated BPN from which interest earnings would fuel ongoing CBX development, advertising, etc. However, this is not ideal as it could potentially create an issue with exchange listing policies or negative perception/issues for investors. Resultant to this, it has been suggested to create a donation address to gather these funds from the community. In response to this suggestion the below address has been created to accept donations. The goal is 10k CBX. We will report periodically on progress towards the goal.

CBX Donation Address: 5jMKPEvPoHN4UNQEyEh9n84ZPdaQBMzfuZ


The Crypto Bullion Team
In writing the white paper for the BPN implementation, I have been back and forth with the team regarding the current voting poll (cost for a BPN). Yes, a BPN should be an investment and the earning potential will justify the investment, however this is not the only consideration. I bring this point up because the 2k CBX option is presently leading.

The issue I have with this is that in order for us to maintain PoSP and implement BPN, we must split the network coins so we can allow different interest earnings percentages for each function (BPNs should earn more as they provide more services to the network).

Essentially this means splitting the 1 million total CBX into halves of 500k CBX each. One half would be used for PoSP at 1% annual inflation (interest earnings projected from this would be in the 3-6% annual range). The other half for BPN would be at 3% annual inflation so the two would balance out to our 2% inflationary target.

Additionally to make BPN operation more lucrative, we will limit the total number of BPNs to max out at 250k CBX (1/4 of the network). This means that if all of the BPN slots are filled, the absolute minimum interest earnings would be 6% per year. Going off of our PoSP history, we can extrapolate that the return will actually be 3-6 times higher than the inflationary rate from the BPN half therefore rewarding in the projected range of 9-18% yearly for BPN operators.

So with this outlined we come back to the current survey. If we set a BPN cost at 2k CBX, then the maximum number of nodes we can have on the network would be 125. If however we set BPN cost at 500 CBX, then we can have a maximum of 500 BPN on the network and better decentralization.

Feel free to provide any input you want heard from the team regarding this subject: Signup or Login to view earning guides for mobile apps and websites.

Chris Mrozek (Founder of CBX)
New poll posted; Signup or Login to view earning guides for mobile apps and websites. this time taking under consideration the proposed segmentation of the total CBX money offer, allowing only 250 000 CBX to take part in the global BPN network, this poll now also focuses on "how many nodes do you feel are necessary to maintain a healthy CBX network".

As before, the amount of temporarily locked CBX should be high, but the higher we set this mark, the less nodes will be securing the network. So, please choose, this time focusing on those 2 essential parameters at the same time.

Also remember that, with CBX's BPN network, regular non masternode nodes (regular online staking Vaults) will also be allowed to secure the network; although the block reward will be higher for actual BPNs.


The Crypto Bullion Team
Stage 1 of CBX 2017 Road-map update:

Coding for the hardfork to implement BPNs is almost complete (75%) and will soon begin internal testing. Next steps after completion will be as follows:
• Auto bootstrap load / trouble shooting tool integration into Vault build
• QR support
• GUI redesign and addition of in wallet metrics


The Crypto Bullion Team
Official CBX bootstrap updated to today. Download from the OP here or website if you need it.

Also, we are still looking for donation for CBX Dev fund, see below:



Donate to the CBX Foundation Development Fund:

One critical piece of the outlined 2017 road-map is to put in place a self funding mechanism for continued development. The current plan is to create a 10k superblock at the time of the hardfork occurring in August/September to be used for a dev operated BPN from which interest earnings would fuel ongoing CBX development, advertising, etc. However, this is not ideal as it could potentially create an issue with exchange listing policies or negative perception/issues for investors. Resultant to this, it has been suggested to create a donation address to gather these funds from the community. In response to this suggestion the below address has been created to accept donations. The goal is 10k CBX. We will report periodically on progress towards the goal.

CBX Donation Address: 5jMKPEvPoHN4UNQEyEh9n84ZPdaQBMzfuZ

[center][Image: 3zsRJyj.png][/center]

The Crypto Bullion Team
Thank you all for the support...

[Image: UNX4MEH.png]

The Crypto Bullion Team
Currently, we have a semi-operational new Vault, as we have to adjust the network interaction between the new Vault software when put in same network and running side-by-side with current 2.4.3 Vaults. This is important to allow a period of time where both Vaults will be running side-by-side on same network, before the phase 1 hard fork; also means things will be similar, network-wise, even after the hard fork.

Let's review the requirements for phase 1 of 2017 roadmap:

- Transaction anonymity still needs testing
- Correction of memory usage issue is done  :D
- New Vault build with auto bootstrap loader is done  ;D
- Self-Funding has been taken care of by community (thanks, guys!)  ;D
- Full QR-code support is currently at 50% (new Vault generates a QR-Code, but can't yet read QR-codes using a PC cam or portable PC's cam)
- GUI complete revamp is still underway


The Crypto Bullion Team
Roadmap 2017 report!

Tying up loose ends and resolving nagging problems, as we are getting closer to Alpha testing...

The peer problem has been resolved; now the Vault 3.0 communicates perfectly with existing 2.4.3 Vaults - we have hit another stumbling block (!) with historic block 393, which is causing a problem to new Vault and we are addressing this before we can move on with the next step.


The Crypto Bullion Team
Roadmap 2017 report!


We have noticed that the old opcode interpreter from the previous Vault is the source of a few problems, including the problem with block 383.

It is unfortunately necessary to rewrite this opcode interpreter, so Vault 3.0 functions well in its new BPN environment; if we do not rewrite this part of the software, there might be weird glitches down the line, as seen in the block 383 problem.

Work continues on GUI as well, I'll keep you posted!


The Crypto Bullion Team
Roadmap 2017 status report!

The opcode interpreter rewriting is now complete; now that we have changed many parameters, we need now to revisit how these subroutines are referenced and check each and every one of the opcode calls; this is one week of work, give or take. After this we will be attacking the GUI interface, to be followed by alpha-testing and subsequent required debugging.

The CBX community members who would like to participate in the alpha-testing of the new Vault (under strict non-disclosure rules), please contact me. Naturally, alpha testing simulations will not have any impact on existing CBX balances.

The Crypto Bullion Team
Roadmap 2017 status report!


As we know already, the opcode interpreter rewriting is complete; all internal calls to this new opcode interpreter have been rechecked and modified when necessary.

We are moving forward, because now I am happy to report that we are at the stage where we are running the Vault 3.0 live and attempting to make it synchronise organically from scratch from the online 2.4.3 Vaults (syncing right from the start, CBX genesis block) - naturally the first attempt to sync did not work, so we made adjustments and, so far so good with second attempt, as this is ongoing as I write these lines.  Remember that Vault 2.4.3 could never sync alone without bootstrap - so this will be an important improvement.

What is left to do after this is to finalize the GUI interface; but alpha testing can begin even with an incomplete GUI. Thank you for all volunteers who offered to run the testnet of Vault 3.0 with us, we will contact you shortly, should be next week or the week after for the final live testnet. This test will be the perfect opportunity for constructive criticism, and the perfect time to customize the Vault to how we want it - so we are still open for more testers, if more want to join.

Thank you all for your faith in our project, going through and rewriting thousands of lines of code is a tremendous task, as one can imagine.

The Crypto Bullion Team
Hello family Crypto Bullion

Secondary projects are still being developed to improve our CBX.

Not only do we the team improve the currency, the community as well.

* Binary Options

* Stock Market Tournament

* Phone recharging solutions

* Investment platform

* Etc.



[Image: Ikj9XPg.jpg]


[Image: 4SvtbuH.jpg]


Participants to the CBX contest are working hard still to finish up their projects involving CBX, before the October 15th deadline so they have a chance to earn the 500$!

We are happy to remain part of this second stage for CBX.

Thanks for your comprehension...

The Crypto Bullion Team
Hey Bullionaires, Join The Creative CBX Contest for Positive Momentum!

$500 reward for finding uses for CBX, in new sites and applications, paid by the CBX team.

Rules:

    Any site or app using CBX for the first time is eligible to win
    Post your site or app on the CBX forum. Signup or Login to view earning guides for mobile apps and websites.
    The community will vote on a winner on Sept 1, 2017
    Site or App must be available to the public and be working/running by Sept 1, 2017
    $500 paid in BTC at the end

Examples of entries:

    Existing sites that accept CBX for the first time
    New CBX apps
    New sites that use CBX
    CBX YouTube videos or ads that can be shared

Feel free to post works in progress, status updates on your project, etc. on the CBX forum. The more you post on the CBX forum the more the community can get behind you and help make your project a success. Prize awarded in BTC so that the winner can buy more CBX!

**Bonus contest - every tweet or post using #500USDforCBX is an entry to win $100 worth of CBX. Winner chosen at random so the more you tweet, retweet, or post, the higher chances you have of winning.

-----------------------------------------------------------------

3 more days until we take the entries we have and submit to the jury (dev team and event sponsor)

has everybody submitted their up and running CBX project for the Creative CBX Contest?


The Crypto Bullion Team
CBX Creative Contest Deadline!

Hello fellow Bullionnaires

As we had agreed, October 15th was the final day to send in your CBX project for this contest.

We have three entries to this contest:

CBX Bet Signup or Login to view earning guides for mobile apps and websites.
Crypto Services Signup or Login to view earning guides for mobile apps and websites.
Mycoinsbot Signup or Login to view earning guides for mobile apps and websites.

If I forgot anybody, please kindly remind me of your CBX project; these entries will be sent to jury and private sponsor for evaluation.

There can only be one contest winner, result will be communicated shortly; however keep in mind that when adding services to CBX economy, we all win!

Congradulations, and good luck!

The Crypto Bullion Team


Return to Top CPAhero