What is Livepeer?
Livepeer is a network that provides video infrastructure, allowing developers to operate video streaming applications.
Livepeer wants to solve two main problems that are hindering businesses and developers who want to build a new streaming platform:
- Large bandwidth: Streaming video usually accounts for 80% of the bandwidth used on the internet.
- High cost: traditional video platforms require high costs.
Livepeer has 2 websites:
- livepeer.com with video streaming function.
- livepeer.org has the function of providing resources for livepeer.com.
The main components of Livepeer
- Orchestrator nodes: a network acts as validators to distribute video to Transcoder nodes, negotiate prices with Broadcast nodes, and ensure the security of LPT tokens.
- Transcoder nodes: encode video and provide that video to Orchestrator nodes.
- Broadcast nodes: make payments in ETH to Orchestrator nodes when Livepeer users want to develop video streaming applications.
- Explorer Dashboard: allows LPT holders to participate in staking LPT and network governance.
Benefits of using Livepeer
Users can join Livepeer with one of the following functions:
- Developers: use Livepeer APIs, resources, tools to add videos to the project.
- LPT holders: stake LPT to ensure security and participate in network governance.
- Video miners: run node to transcode video.
Benefits of using Livepeer
- Ease of use: Helps Livepeer forward liveAPI integration makes integrating livepeer.com into users’ UGC platform quick and easy.
- High Reliability: Provide high quality video to ensure engagement.
- Scalability: Scalability helps users manage the needs of content creators.
- Cost saving: the cost of playing videos on Livepeer is much cheaper than other platforms.
Token LPT
LPT is the native property of the Livepeer platform, which has the following uses:
- User rewards: pay rewards to users who run nodes.
- Staking: stake LPT to secure the network and earn rewards with LPT tokens.
- Governance: propose and vote on project governance decisions.
Specifications
- Ticker: LPT
- Blockchain: Ethereum
- Token standard: ERC-20
- Total supply: 22,859,012 LPT
- Circulating Supply: 21,164,655.33 LPT
Token Allocation
- Airdrop: 63.4%.
- Pre-sale: 19%.
- Team: 12.3%.
- Development Fund: 5%.
- Early Advisors & Contributors: 0.3%.
LPT token Price today
How to buy LPT
Livepeer (LPT) has been listed on Attlas Exchange.
Traders can easily and securely buy LPT with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find LPT
Step 5: Select Buy
Summary
This article is an overview of Livepeer (LPT), not a financial advice.
Users are advised to do their own research before making any trading decisions.