| General information | |
|---|---|
| Global rank: | 127 |
| Name: |
Livepeer |
| Symbol: | LPT |
| Current coin price (IRR): | 590 836.67 ﷼ |
| Last hour: | arrow_upward1.07 % |
| Last 24 hours: | arrow_downward-5.13 % |
| Last 7 days: | -3.59 %trending_down |
| Capitalisation (IRR): | 20 588 518 869 237.82 ﷼ |
| Volume 24h (IRR): | 1 049 905 942 128.39 ﷼ |
| Available supply: | 34 846 379.00 LPT |
| Total coin supply: | 10 850 446.91 LPT |
| Algorithm: | ETH Token |
| Start date: | 08/11/2018 |
Livepeer/Iranian Rial (LPT/IRR) price chart
Livepeer/Iranian Rial (LPT/IRR) capitalisation and volume charts
Livepeer is a platform for video transcoding and distribution. Users will be able to create and broadcast video sessions to its viewers on a global scale by sending their videos to the Livepeer network, which will transcode the data to the formats and bit rates that the viewers can consume. Fees are paid to the transcoders by the broadcasters in a form of the platform token, the LPT.
The Livepeer token (LPT) is an Ethereum-based (ERC-20) cryptocurrency. Rather than a medium of exchange value, LPT will act as a bonding mechanism in a delegated proof of stake system in which stake is delegated towards transcoders (or validators) who participate in the protocol to transcode video and validate work.