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When was LPT coin issued? Learn about the origin of LPT coin in one article
Livepeer (LPT) was created in 2017 with the vision of transforming video streaming through blockchain technology, enabling content creators to earn rewards and viewers to participate in network governance.
Oct 12, 2024 at 02:42 pm
1. Concept of LPT Coin
LPT (Livepeer Token) is a decentralized video streaming network powered by blockchain technology. It enables content creators to broadcast live video content while earning rewards and viewers to access live streams and participate in network governance.
2. Origin of LPT Coin
2.1. Premise for Creation (2016)
- Recognition of the shortcomings of existing video streaming platforms
- Quest for a decentralized and transparent alternative
2.2. Foundation of Livepeer (2017)
- Formation of Livepeer Inc. by Doug Petkanics, Evan Cheng, and Eric Tang
- Goal: To revolutionize video streaming through blockchain
2.3. Initial Coin Offering (ICO) (February 2018)
- Issuance of LPT token through an ICO
- Raised over $18 million from investors
2.4. Mainnet Launch (December 2018)
- Deployment of the Livepeer mainnet
- Commencement of live video streaming on the network
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