Livepeer is an Open Source Video Infrastructure Services.
- What is Livepeer (LPT)?
Livepeer is a decentralized video transcoding network built on the Ethereum blockchain. The protocol enables cost-efficient broadcasting and streaming services natively in the video layer of the Web 3.0 stack.
- How was Livepeer Token LPT being distributed?
63.44% of the intial 10,000,000 tokens were distributed to the community between Jul. and Oct. 2018.
19% were sold in a private pre-sale. They are vested over 18 month.
12.35% were distributed to founders and team-members. These are vested over 36 month.
Another 5% are kept by the team as a reserve to support the project.
- Who is the team behind Livepeer?
Livepeer has 15 public team members, who maintain the open-source code and promote the project within the crypto industry.
The founders of Livepeer are Doug Petkanics and Eric Tang.