Counterparty provides open, secure financial tools and does not require a third party or middleman. The aim of Counterparty is to democratise the financial world in the same way that the Internet has democratised the creation and sharing of information on a global scale.
The platform is built on top of Bitcoin and extends the functionality of the network in unprecedented ways. With Counterparty anyone can gain access to financial instruments that were prohibitively expensive or sometimes not available at all.
Counterparty's native currency, XCP, is un-mined and deflationary. 2.6million XCP coins were created by burning bitcoins in January 2014 - and led to an unprecedentedly fair launch.