How to buy Livepeer (LPT) in Australia
Learn how to buy Livepeer (LPT) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Livepeer
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Livepeer.
- Open an account on an exchange that supports LPT.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Livepeer.
- Buy Livepeer.
Complete your Livepeer purchase and then find the best wallet to store LPT.
What is Livepeer?
Livepeer is an Ethereum-based protocol that provides an open-source video transcoding service, which reformats videos to suit multiple bandwidths and playback formats.
According to Livepeer’s website, the platform wants to make streaming decentralised while providing an economic and secure infrastructure for videos. By leveraging a two-layer consensus mechanism, Livepeer claims to greatly reduce video transcoding and streaming costs compared to legacy methods. It is packaged as a scalable Platform-as-a-Service (PaaS) product that can be utilised by businesses who want to add live or on-demand video.
LPT is the native token of the Livepeer network and is essential to the Delegated Proof-of-Stake consensus mechanism. Users can stake LPT tokens to secure and support the network, either as Orchestrators (donate computing power), Transcoders (reformat videos) or Delegators (donate LPT tokens to an Orchestrator). By staking LPT tokens, it incentivises all parties to act for the good of the network. The LPT token is also used for governance of the Livepeer protocol.
Livepeer (LPT) is the 106th largest cryptocurrency in the world by market cap, valued at $1,331,464,789. The current price of Livepeer is $54.4, which is 3.952% higher than yesterday. Prices have ranged between $58.79 and $52.23 over the past 24 hours. All prices are listed in US dollars and accurate as of December 02, 2021 07:12 UTC.
Where to buy Livepeer
Find an exchange to buy, sell and trade LPT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy Livepeer?
The technical analysis gauge for Livepeer displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Livepeer based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Livepeer: moving averages, oscillators and pivots. Finder is not responsible for how LPT performs.
Livepeer at a glance
|Total LPT supply||24,525,583|
|All time high||US$99.03|
|Notable team members||Doug Petkanics, Eric Tang|
Livepeer price performance over time
How to sell Livepeer
You can cash out your LPT with the same exchange you bought it through:
- Sign in to the exchange you have LPT on.
If you store your Livepeer in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of LPT you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Livepeer.
What to consider when buying LivepeerVideo streaming is extremely popular and accounts for a large percentage of Internet usage. However, investing in LPT and the Livepeer network still involves certain risks. Here are a few things to consider before buying LPT:
- Tokenomics: At the time of writing, the total supply of tokens is 10 million. The Livepeer team holds 12.35% of the supply and early investors purchased a further 19%. The token is inflationary by nature, with the inflation rate adjusting automatically depending on the amount staked in the network.
- Low cost: The computing side of traditional video streaming can be costly. Video distributors need to transcode a video before distributing it to users. The video streaming industry relies upon selling user data to earn extra revenue, which results in users being subjected to advertisements in their video streaming experience. This is something Livepeer hopes to change. Thanks to its decentralised architecture, the platform offers a cost-effective alternative to the costly, centralised infrastructure that has previously been relied upon.
- Network economics: Network security is highly dependent on the profitable economics of nodes on the network. If network economics are not sustainable or are not able to attract enough participation, the network could be left vulnerable to an attack.
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Disclaimer: Cryptocurrencies, including Livepeer, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LPT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Livepeer or any other cryptocurrency discussed.
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