Book of Kek
  • The Book of Kek
  • Resources & Links
  • How to Contribute to the Book of Kek
  • Pepe News Outlet đź“°
    • Pepe News Outlet Rules
  • Chapter 1 - Historical Lore
    • The Creator: Matt Furie
    • The Creation: Pepe the Frog
      • Birth of Pepe the Frog
      • Birth of The Meme
        • Memes as cultural drivers
      • 4chan & the Sad Frog
      • Pepe the alt-right Frog
      • Reclaiming Pepe
      • "Feels Good Man" - Pepe documentary
      • Famous normie Pepe posts
      • Types of Pepes
  • Chapter 2 - The Rare Pepe Project
    • Pepe's Blockchain Beginnings
    • The Rare Pepe Blockchain Project
      • The Rare Pepe Directory
      • Rare Pepe Valuation
      • Rare Pepe Scientists
      • Most Famous Rare Pepe Artists
      • Unique Rare Pepe Sets
      • Famous Rare Pepe Cards
      • Series & Card Specific Lore
        • Series 1
        • Series 2
        • Series 3
        • Series 4
        • Series 5
        • Series 6
        • Series 7
        • Series 8
        • Series 9
        • Series 10
        • Series 12
        • Series 13
        • Series 15
        • Series 16
        • Series 17
        • Series 18
        • Series 19
        • Series 20
        • Series 21
        • Series 22
        • Series 23
        • Series 24
        • Series 25
        • Series 26
        • Series 27
        • Series 28
        • Series 29
        • Series 30
        • Series 31
        • Series 32
        • Series 33
        • Series 34
        • Series 35
        • Series 36
      • Official Rare Pepe Sub Assets
      • Artists & Collectors Interviews
        • Collector Interview: TokenAngels
      • Famous Rare Pepe auctions
      • “The Rarest Book” by Eleonora Brizi
    • Fake Rares & Commons
      • Fake Rare Artists
      • Fake Rares Submission Rules
      • Fake Rares Card Specific Lore
      • Fake Commons
        • Fake Commons Submission Rules
  • Dank Rares
    • Dank Rares Submission Rules
  • Historical Counterparty Projects
    • Penisium Project
  • Chapter 3 - Blockchain, Counterparty, How to
    • Introduction to Bitcoin NFTs
    • Counterparty - What is it?
      • The Counterparty DEX
      • Why use Counterparty?
    • What is PEPECASH?
    • Best Pepe Wallets
    • Creator Onboarding to XCP
      • 1. Create a Counterparty (XCP) wallet
      • 2. Buy XCP from a dispenser
      • 3. Create Named Token
      • 4. Upload Art to EasyAsset
      • 5. Update Token Description
      • 6. Increase Supply
      • 7. Lock Supply
      • 8. Submit To Directories
    • How to Buy Rares, Fakes & Danks
      • How to Buy Rare Pepes
    • Dispensers: What are they? How to use them?
    • Scarce.city
    • Emblem Vault
      • How to create an Emblem Vault
      • Vaulting Rare Pepes in ERC-1155 Tokens
  • Chapter 4 - latest developments
    • Pepe.wtf
    • PepePawnShop
      • How It Works
    • Pepe Inc.
    • Notable Pepes
      • How It Works
        • The Collector's Journey
        • The Artist's Journey
      • FAQ
      • The Notable Ones - Interviews
        • PEPENARDO
        • DANGIUZ
        • CARSONATED
    • PegzDAO, Chain/Saw & RarePepe.fun
    • Rare Apepes
    • Pepes in Paris 2023
      • Fest Rares Cards
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  1. Chapter 3 - Blockchain, Counterparty, How to
  2. Counterparty - What is it?

The Counterparty DEX

The Counterparty protocol (XCP), which runs on top of the bitcoin blockchain, has been chugging away since 2014. Besides the fact that XCP actually accomplishes what it promises, flawlessly, it’s native DEX has been picking up significant volume.

The Counterparty DEX is an extraordinarily easy to use venue where Rare Pepe traders can establish a mutually agreed upon value for each Rare Pepe card, priced in XCP under free market conditions.

Counterparty is a bona fide decentralized exchange. Anyone can sell assets without anyone’s permission and have the BTC (or some other Counterparty token) get automatically sent to a personal wallet after each transaction is settled on the main chain.

If you want to buy 0.5 XCP with your BTC to name your brand new NFT or issue dividends to your existing NFT holders, then you go to a dispenser and search for the user offering the most advantageous deal.

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Last updated 3 years ago