How to earn money with XCPtokens
XCPtokens cannot be mined and was not sold in an ICO.
Rather, it came into existence by using a “Proof-of-Burn” method. This simply means that a certain amount of bitcoins (BTC) were sent to an unspendable address, and in exchange of these BTC, Counterparty tokens were generated upon the Bitcoin blockchain.
This was done to avoid pre-mining or ICOs.
As BTCs were burned, they can never be spent again. This method of coin generation also gives a fair and equal opportunity to everyone (including the founder of the project).
A total of 2,130 BTC were burned creating 2.65 million XCPtokens .
These XCPtokens are used to make custom tokens and run smart contracts.
To overcome their problems with smart contracts, Counterparty imported over the EVM – Ethereum Virtual Machine.
Since then, Counterparty has grown at a decent pace. It was launched on 9 January 2014 at the price of $7 per unit.
Moreover, as the XCPcurrency is tied to the Bitcoin blockchain, it will grow as the technology of Bitcoin improves.
Also, XCPtokens is being used as a fuel to be burnt for running smart contracts on the EVM.
Hence, its total available supply will decrease over time as no more XCPs will ever be created.
This indicates a rise in the price of XCPtokens in the long run. A good example is Binance Coin(BNB) who burns 20% every quarter. If you check counterparty's blog 2018 will be a very interesting year
XCPtokens cannot be mined and was not sold in an ICO.
Rather, it came into existence by using a “Proof-of-Burn” method. This simply means that a certain amount of bitcoins (BTC) were sent to an unspendable address, and in exchange of these BTC, Counterparty tokens were generated upon the Bitcoin blockchain.
This was done to avoid pre-mining or ICOs.
As BTCs were burned, they can never be spent again. This method of coin generation also gives a fair and equal opportunity to everyone (including the founder of the project).
A total of 2,130 BTC were burned creating 2.65 million XCPtokens .
These XCPtokens are used to make custom tokens and run smart contracts.
To overcome their problems with smart contracts, Counterparty imported over the EVM – Ethereum Virtual Machine.
Since then, Counterparty has grown at a decent pace. It was launched on 9 January 2014 at the price of $7 per unit.
Moreover, as the XCPcurrency is tied to the Bitcoin blockchain, it will grow as the technology of Bitcoin improves.
Also, XCPtokens is being used as a fuel to be burnt for running smart contracts on the EVM.
Hence, its total available supply will decrease over time as no more XCPs will ever be created.
This indicates a rise in the price of XCPtokens in the long run. A good example is Binance Coin(BNB) who burns 20% every quarter. If you check counterparty's blog 2018 will be a very interesting year
