Binance LPT Quiz Answers Today

1. What is the native token of Livepeer?

Answer: LPT

2. Livepeer is built on which blockchain?

Answer: Ethereum

3. Who stakes Livepeer tokens (LPT) in order to receive a share of video processing fees?

Answer: Delegators

4. Livepeer has processed over 150 million minutes of video since its mainnet launch. True or false?

Answer: True

5. What are the benefits of delegating LPT on the Livepeer network?

Answer: All are correct

6. Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?

Answer: True

7. Which of the following provides a gateway to delegating on the Livepeer network?

Answer: The Livepeer Explorer

8. Livepeer is used primarily to process what type of content?

Answer: Video content

9. Livepeer orchestrators receive a share of video processing fees in the form of?

Answer: ETH

10. When was Livepeer’s mainnet launch?

Answer: 2020

6. Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?

Answer: True

7. Which of the following provides a gateway to delegating on the Livepeer network?

Answer: The Livepeer Explorer

8. Livepeer is used primarily to process what type of content?

Answer: Video content

9. Livepeer orchestrators receive a share of video processing fees in the form of?

Answer: ETH

10. When was Livepeer’s mainnet launch?

Answer: 2018