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Answer Binance Learn & Earn

LPT Quiz Answer

Q1) What is the native token of Livepeer?
Answer: LPT

Q2) Who stakes Livepeer tokens (LPT) in order to receive a share of video processing fees?
Answer: Delegators

Q3) Livepeer is built on which blockchain?
Answer: Ethereum

Q4) What are the benefits of delegating LPT on the Livepeer network?
Answer: All are correct

Q5) Livepeer has processed over 150 million minutes of video since its mainnet launch. True or false?
Answer: True

Q6) Which of the following provides a gateway to delegating on the Livepeer network?
Answer: The Livepeer Explorer

Q7) Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?
Answer: True

Q8) Livepeer is used primarily to process what type of content?
Answer: Video content

Q9) Livepeer orchestrators receive a share of video processing fees in the form of?
Answer: ETH

Q10) When was Livepeer’s mainnet launch?
Answer: 2018