Livepeer (LPT) - a decentralized video streaming protocol, built on top of the largest smart contract blockchain, Ethereum. Streaming video alone consumes about 80% of the global Internet bandwidth. Thus, Livepeer offers a distributed and cheaper alternative to centralized streaming services.
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Description of Livepeer (LPT)
Livepeer, based on Livepeer Inc. and basement.studios, provides an end-to-end video distribution infrastructure that benefits all involved parties. Also, as an open source protocol, Livepeer can be implemented by anyone in their own decentralized application (dApp).
In addition, the costs, associated with traditional video streaming, are reduced by 50 times. This is largely due to the reduction in transcoding and transmission costs thanks to network video miners. The Livepeer project has developed a popular centralized video distribution network solution capable of scaling up, increasing the value of a company's network and its LPT token.
Protocol feature
By joining Livepeer, you will receive many benefits. On the one hand, since the network is based on Ethereum, you will enjoy excellent interoperability in the market. For example, you can store your tokens in any ERC-20 wallet and trade the tokens on popular DEXs (decentralized exchanges) like Uniswap.
What other features does the platform have:
| Passive income | The Livepeer token allows users to stake their LPT tokens and receive passive rewards. Staking - the process of locking your tokens into a smart contract on the network. In return, you receive a reward, depending on the number of coins you stake and the time. Notably, staking - one of the most popular earning options in the DeFi industry as it provides more consistent ROI than trading. You do not need to study strategies or market conditions to profit from a bet. |
| Developer support | The Livepeer token offers multiple ways for your community to join the network. Developers gain access to valuable tools for building robust Dapps. The developer support section includes guides, tools, resources, and more. You can also securely connect Livepeer to third-party applications, using the network APIs. |
At its highest level, the protocol is designed to allow any host to send video to the network and optionally pay to transcode it into various formats and bit rates. Moreover, members can contribute their processing power and bandwidth to the video transcoding and distribution service and be compensated accordingly.
Where to buy and sell cryptocurrency?
Livepeer has a maximum supply of 22 million LTP tokens. The circulating volume - 21 million LPT. Of the total supply, the founders and early team members shared about 12.35% among themselves, which has a vesting period of 36 months from the launch of the network. Another 19% of the tokens were used for pre-sale purchases. The largest number of tokens, 63.437%, was distributed to crowd sales. Finally, 5% of the total token supply is reserved for maintaining the Livepeer network, ensuring the future development of the project. The best cryptocurrency exchanges to trade Livepeer tokens currently are:
- Binance;
- OKX;
- Bybit;
- Mandala Exchange;
- Huobi Global.
Cryptocurrency Livepeer (LPT) is becoming an increasingly sought-after asset, so more and more exchanges are starting to offer trading pairs with it.