What Is LPT? Livepeer is a decentralized video protocol built on the Ethereum blockchain. The Livepeer token (LPT) is the network's native asset. Let's take a closer look.
What Is LPT?
The native token of the Livepeer network is the Where Can You Buy LPT. LPT is used for rewarding, staking, trading, or participating in governance voting. Just like any other cryptocurrency, the demand for LPT is directly proportional to the network's usage. Further, orchestrators receive work in proportion to the amount of LPT they staked. Users who do not want to become orchestrators can stake their LPT tokens toward the transcoders. By doing so, LPT holders get a portion of the transcoders' rewards. They are also called delegators and are chosen through voting. Their job is to keep the node running smoothly for transaction validation.
Where Can You Buy LPT?
You can easily buy LPT on BitKan exchange. It is the top trusted and lowest trading fee on the market. You can also trade 1200+ coins across 8 exchanges with 1 BitKan account. Here is how to buy LPT on BitKan.
Step 1: Complete KYC (Know-Your-Customer) Verification
KYC is an authentication of the account holder's identity, and you need to complete the authentication before proceeding to buy digital currency in fiat currency.
Start by tapping on your profile on the top left corner of the APP → KYC Verification → Verify Now. Once you have completed Level 1 KYC Verification, you will increase your withdrawal limit to 1,000,000 USDT / 24H. You may proceed to complete Level 2 KYC Verification to increase your withdrawal limit to 2,000,000 USDT / 24H.
Step 2: Buy USDT with Debit/Credit Card
Click on [Buy Crypto] on the BitKan APP Homepage. Next, click on [Express] and enter the amount of USDT you would like to buy. After paying with your Debit/Credit Card, you will receive your crypto in less than 3 minutes.
Step 3: Buy LPT
Click on [Trade] at the bottom right of the APP. Next, click on [Spot] which is located at the top left of the screen. This is the page where you can buy LPT with USDT by selecting the trading pair of LPT/ USDT. Click on the search function on the top left of the screen beside the current trading pair, and enter LPT in the search box. Next, select your desired trading pair. The final steps would be to enter the amount of LPT you want to buy and click on Buy LPT to complete your trade order.
What Is LPT? Where Can You Buy LPT? - hopefully, this article can help you to get some knowledge.
