Livepeer

The livepeer token (LPT) was created as an incentive system for participants using the open-source, Livepeer protocol to distribute video content and provide security on the network. In the Livepeer ecosystem, new LPT tokens are minted in cycles known as “Rounds.” One Round is the equivalent of 5760 Ethereum blocks. With one block mined on the Ethereum blockchain around every 11.15 seconds, Livepeer Rounds typically last around 18 hours.

Livepeer is an inflationary asset with an inflation rate adjusted automatically for tokens staking out of the total circulating supply. Inflation rates are adjusted around the target of 50% in order to secure the network while maintaining liquidity in the LPT supply. For every round where the participation rate is below 50%, the Livepeer protocol will increase the inflation rate by 0.00005% and vice versa.

Livepeer broke to a new high in March 2021 following an announcement from Grayscale Investments that LPT would be added as a new Grayscale Trust. (Grayscale, like CoinDesk, is owned by Digital Currency Group.) Prior to the announcement, the token was already seeing an impressive rally and the announcement spiked the token from $6 to nearly $30 in less than a week. In November 2021, LPT broke past its previous high to set a new all-time high of $100.24 during a 300% rally that followed Livepeer’s acquisition of MistServer. During the time after that announcement, Livepeer saw single-day jumps of over 100% and had gained 4800% in a single year.

Livepeer’s all-time low of $0.4206 was in March 2020 during a broader market sell-off as a result of the World Health Organization declaring the COVID-19 virus a pandemic.