Market cap
$11.45M
32.14 %
Volume (24h)
$2.21
32.14 %
Circulating supply
2,590,921 XCP
Total supply
2,590,921 XCP
CounterParty (XCP)
$ 4.42
32.14 %
Main info
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Key data
updated $0Market cap$11.45M
Volume 24h$2.21
Circulating supply2.59M
All-time high$91.13-95% from peak · 2018-01-09
CounterParty (XCP) is one of the oldest crypto projects built on top of the Bitcoin blockchain — it launched back in 2014. In simple terms, it's a platform that lets people create their own tokens, trade them peer-to-peer, and run other blockchain-based features without needing a separate network of its own. XCP is the native token of the platform, used for naming assets, paying certain fees, and participating in its features.
Frequently asked questions
What is CounterParty and how is it different from Bitcoin?
CounterParty is not a standalone blockchain — it's a protocol layered on top of Bitcoin. While Bitcoin handles plain payments, CounterParty uses the same transactions to embed extra data, enabling custom tokens, decentralized trading, and other features. XCP is the platform's own token, distinct from BTC itself.
How does CounterParty work technically?
CounterParty writes its data into ordinary Bitcoin transactions using a technique called 'op_return', so its activity is secured by Bitcoin's proof-of-work mining. Special CounterParty nodes scan the Bitcoin blockchain, parse that embedded data, and maintain the ledger of who owns which assets. This means it inherits Bitcoin's security without its own miners.
How was XCP issued and what is its supply model?
XCP had a one-time distribution in early 2014: users voluntarily burned their BTC by sending them to an unspendable address and received XCP in return. This 'proof-of-burn' method meant no coins were pre-mined or sold to insiders, and no new XCP is created today — the supply is fixed from that original burn.
How can I store and use XCP?
XCP lives on the Bitcoin blockchain, so you need a wallet that understands the CounterParty protocol — the official option is CounterWallet, and Freewallet also supports it. Because transactions are actual Bitcoin transactions, you'll need small amounts of BTC for fees when moving assets. XCP is used to create named tokens and access certain platform features.