The **Livepeer (LPT)** token is a digital currency used in the **Livepeer** platform, which aims to provide **decentralized** solutions for video streaming through blockchain technology. The main goal of the project is to reduce streaming costs and allow users to participate in operating the system by providing their resources such as processing power.
### Some information about LPT:
- Launched in **2017**.
- Operates on the **Ethereum blockchain** as an ERC-20 token.
- Used to incentivize participants to **process and distribute video** in a **open and efficient** manner.
- Its model relies on rewarding users who contribute to **transcoding and encoding videos**.
### How to earn LPT?
Users can earn LPT by:
- **Running network nodes** and contributing to video transcoding.
- Participating in **validating transactions** within the network.
- Investing in the currency through trading platforms.