Counterparty
XCP

525.98
XVP
2.54 %
Change 24h
Genesis
January 2, 2014
Market Cap
XVP 1,375,817,289
Volume 24h
XVP 1,607,523
Circulating Supply
2,615,710
Total Supply
2,649,270
XCP
XVP
Description
Counterparty is the first cryptocurrency to utilise the Proof-of-Burn method where users "burn" or destroy bitcoin by sending it to an address where no one has the private keys. Proof of coin burning will be rewarded with the creation of the newly created Counterparty XCP coins. Counterparty is written on an entirely new code base. The protocol's native currency, XCP, is zero-mined and slightly deflationary, with 2.6 million XCP created by burning bitcoin in January. Counterparty has the following features: user-created assets, distributed exchange, feeds, betting and financial derivatives.