// // Livepeer (LPT) token is already available on Binance
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Livepeer (LPT) token is already available on Binance

Binance announced today that it plans to list Livepeer (LPT) token on its platform. The exchange will open trading for LPT/BTC, LPT/BUSD, LPT/BNB, and LPT/USDT pairs at 2021-05-28. An open video streaming infrastructure Livepeer is built on the Ethereum blockchain. Developers use it to power their creator economy live streaming applications.

The platform has launched its native utility token LPT. The token holders can use it for network governance, as well as staking by node operators and delegators to secure work. Besides, the token is another incentive for users to participate in the network development.

Livepeer.org aims to become the best portal to Livepeer for its users and participants. To achieve that goal, it uses the power of open-source software to harness underutilized resources like bandwidth and compute. The platform also uses crypto-economic incentives for participation and bootstrapping. As a result, it is able to deliver an infrastructure that can power video streaming applications at an infinite scale and at a highly efficient price.

Livepeer offers lots of advantages, but what’s more important, it offers developers a chance to create such video applications that couldn’t exist under traditional, centralized cost structures. However, their creation is now possible thanks to this platform, which also provides the proliferation of high-quality cameras and ubiquitous bandwidth. Livepeer has the potential to unlock communications, entertainment, and economic opportunity for society going forward.

What about the Token?

LPT is an ERC-20 token, and it is available on a number of non-custodial and custodial exchanges. Token holders can perform or delegate work on the Livepeer network, as well as vote on protocol proposals.

Livepeer team stated that they hope to help capture this opportunity and fulfill the project’s mission – building the world’s top open video infrastructure.

The founders of the Livepeer project created a company – Livepeer, Inc. in 2017. They wanted to help facilitate its early development and guide the project’s path to decentralization.

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