The reddit page registered by the Counterparty Team is reddit.com/r/counterparty_xcpImportant clarification:reddit.com/r/counterparty was not registered by the Counterparty team; it was registered by prophetx, who is the communications lead for Mastercoin;
reddit.com/r/xcp was also not reigstered by the Counterparty team, and both of its moderators appear to be associated with Mastercoin, as well.
There appears to be some scam artists among the mastercoin team.