LPT

Livepeer price

LPT
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3.6/5
$11.92
-2.94%
1h
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Livepeer price live data

The current price of Livepeer is $11.92. Since 00:00 UTC, Livepeer has decreased by -2.93%. It currently has a circulating supply of 31,733,302 LPT and a maximum supply of 31,733,302 LPT, giving it a fully diluted market cap of $379.15M. At present, Livepeer holds the 116 position in market cap rankings. The Livepeer/USD price is updated in real-time.

Livepeer price performance in USD

Time periodChange amount%Chg
Today-$0.36 -2.94%
7 days-$4.56 -27.65%
30 days-$8.56 -41.81%
3 months-$6.83 -36.41%

Livepeer market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$10.64
Last price $11.92
24h high$15.79
Heat index ranking
131
Market cap ranking
116
Market cap
$379.15M
Favorited rate
Percentage of users who favorited this asset to all users
2.22%
All-time high
$99.48
-88.02% (-$87.56)
Nov 10, 2021 (3 years ago)
All-time low
$3.20
+272.49% ($8.72)
Jun 10, 2023 (10 months ago)
ICO date
12/20/2018
ICO price
The price at which this crypto was first traded
$0.00
Circulating supply
The amount of this crypto that is publicly available in the market
31,733,302 LPT
Market cap at circulating supply
Market cap = Circulating supply × Last price
$379.15M

About Livepeer (LPT)

Livepeer is a crypto-incentivized protocol that provides a decentralized and highly scalable live video broadcasting platform. LPT is the name and ticker symbol for the native ERC-20 token of the project.

On 1 May 2018, Livepeer released the alpha version of their platform on the Ethereum Mainnet. The project was created to find an economically efficient alternative to centralized broadcasting media. Users can upload videos to the Livepeer Network, where the nodes encode them into compatible formats for different devices. The broadcasters pay those who run the nodes via ETH.

The live stream is distributed in real-time to those who request views. Users can utilize Livepeer's services for pay-as-you-go consumption, uncensored live journalism, highly scalable video service infrastructure, and decentralized applications (DApps) that support video. Inside the ecosystem, LPT is a staking token primarily used to pay essential players of the system.

The platform uses the open-source Livepeer Media Server or LPMS, enabling DApp developers and broadcasters to build every necessary live stream functionality. Secondly, to ensure the network's decentralization, Livepeer runs each node through LMPS and provides developers with economic incentives.

Livepeer's consensus system has two different layers. The first is a proof-of-work mechanism that ensures the security of various financial transactions inside the ecosystem. Additionally, the platform defines an eligibility criterion for participation in governance performed through Livepeer Smart Contract. The second consensus layer is based on Delegated Proof of Stake (DPOS) and determines the distribution of newly generated LPT tokens.

The key players in the ecosystem of Livepeer Network are broadcasters, transcoders, and consumers. The decentralized governance structure of Livepeer takes budgetary decisions, maintains network parameters, and executes required project updates.

LPT price and tokenomics

There is an estimated total supply of 24 million LPT tokens. The token is inflationary, meaning new LPT tokens will be generated and distributed over time, affecting their price. As a staking token, LPT is used by ecosystem participants to coordinate the distribution of different roles and workloads. To tackle inflation, new tokens are allocated to holders in proportion to their bonded stake. The LPT price thus depends on the platform's performance and the new tokens generated.

In October 2018, 63% of the then-total LPT supply was distributed based on the algorithm of Merklemine via a public sale. Being a pre-mined token, 19% of the supply was allocated to pre-sale buyers. The remaining tokens were allocated to the core team, grants, and future reserves.

About the founders

Doug Petkanics and Eric Tang founded Livepeer. Petkanics, an alumnus of the University of Pennsylvania, has extensive experience in technical roles in companies like Accenture and AT&T Labs Research. Tang has an educational background in engineering and business and years of technical expertise. Before founding Livepeer, Petkanics and Tang worked at Groupon and Wildcard Inc.

On 3 August 2021, Livepeer raised $20 million for the project's future development. The fundraising was led by old supporters like Digital Currency Group and Coinfund and investors like Coinbase Ventures, Warburg Serres, and Mike Dudas's Six Man Ventures.

Learn more about Livepeer (LPT)

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LPT FAQ

What is LPT?

Livepeer is a decentralized platform that provides affordable and scalable infrastructure for live video streaming. In addition, the platform builds a self-sustaining ecosystem of developers, video creators, and token holders. LPT is the name and ticker for the utility ERC-20 token of Livepeer Network.

How does it work?

On Livepeer, creators can directly charge viewers for their live stream broadcast without any intervention from a centralized body. Users can also get direct access to content on request. Transcoders are vital players who convert live stream inputs into various formats to be distributed to different devices. Holding and staking LPT tokens on the network allows users to participate in the core ecosystem of the project.

Where can I buy LPT?

Easily buy LPT tokens on the LPT cryptocurrency platform. One available trading pair in the OKX spot trading terminal is LPT/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for LPT with zero fees and no price slippage by using OKX Convert.

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