Counterparty
Text & Video Tutorials
Last updated
Text & Video Tutorials
Last updated
is an open-source token creation platform that launched on top of Bitcoin in. For the first time in Bitcoin history users had the ability to create their own tokens that were secured by the PoW coin. This allowed early participants the ability to partake in early token innovation and experimentation.
The native currency of Counterparty is XCP, which was created by sending Bitcoin to a “burn address” and in return would receive XCP. This is relevant because XCP is required to be spent in order to mint a new token on the platform. There are a to acquire this currency including small exchanges, the native DEX, and dispensers.
The first token created on the platform is known as , which was used just as it sounds, to test if the platform was functional. Since that day popular collection , , , and have all gone on to find Historical and Cultural success while being native to Counterparty.
