Binance Learn & Earn LPT Quiz Answers
Binance Learn & Earn LPT Quiz, Binance Learn & Earn LPT Quiz Answers – Hi Coolz Readers!! Hope you are reading our daily posting of amazon quiz answers & amazon funzone stars quiz answers. In between, Binance the popular crypto platform of the world has announced another learn & earn LPT quiz program for all users.
There will be 3 Quizzes (LPT, HIGH, OM) on 07th September 2022 in Binance learn & earn. we have already posted the Binance learn & earn HIGH quiz answers & Binance Learn & Earn OM Quiz answers. Here is all details about Binance LPT Quiz & we have updated all correct answers of Binance LPT Quiz.
We have already posted each & all Binance Learn & earn quiz answers in 1 post. must check out that one too.
Meanwhile , Binance has announced next chapter of “Binance Learn & Earn LPT quiz“, where users can gain knowledge about LPT coin and earn up to $7 in crypto by completing course and quiz of LPT.
LPT – Livepeer is A decentralized video protocol on Ethereum, Livepeer rewards parties for processing video content securely at reasonable rates. Find out how the ecosystem works.
Binance Learn & Earn LPT Quiz
| Binance Learn & Earn LPT Quiz | Details |
|---|---|
| Quiz about : | LPT Token |
| Quiz Date : | 07th September 2022 |
| Quiz Time : | 2022-09-07 09:00 (UTC) |
| Number of Questions : | 10 |
| Number of winners : | 1st come 1st serve |
How to Participate in Binance Learn & Earn LPT Quiz
- First of all update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly
- New Users of Binance can create new account from here
- Login into your Binance account
- Go to homepage & you will see this learn & earn LPT quiz banner
- Click on that
- New chapter of learn & earn LPT quiz will live from 02.30 PM IST
- start the quiz at same time & solve using below already solved Binance LPT Quiz answers
Binance Learn & Earn LPT Quiz Answers
Question 1: What is the native token of Livepeer?
Answer is : LPT
Question 2: Who stakes Livepeer tokens (LPT) in order to receive a share of video processing fees?
Answer is : Delegators
Question 3: Livepeer is built on which blockchain?
Answer is : Ethereum
Question 4: What are the benefits of delegating LPT on the Livepeer network?
Answer is : All are correct
Question 5: Livepeer has processed over 150 million minutes of video since its mainnet launch. True or false?
Answer is : True
Question 6: Which of the following provides a gateway to delegating on the Livepeer network?
Answer is : The Livepeer Explorer
Question 7: Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?
Answer is : True
Question 8: Livepeer is used primarily to process what type of content?
Answer is : Video content
Question 9: Livepeer orchestrators receive a share of video processing fees in the form of?
Answer is : ETH
Question 10: When was Livepeer’s mainnet launch?
Answer is : 2018
Questions will be in different order in your accounts.
If anything change in this question , we will update correct questions on Our Telegram channel
Details About LPT Tokens (Useful in Binance LPT Quiz)
Livepeer is a decentralized video protocol built on the Ethereum blockchain. It was designed for anyone to seamlessly integrate video content into applications in a decentralized manner and at a fraction of the cost of traditional solutions.
Decentralization of video processing is accomplished by distributing the transcoding process to a network of node operators. Transcoding is an essential step in ensuring smooth delivery of video content to end users. It involves taking raw video files and converting them to the optimal state for each end user, based on factors such as device screen size or internet connection.
Livepeer is able to handle video material in a dependable and cost-effective manner by utilising blockchain technology. This system employs game theory, cryptoeconomic incentives, and smart contracts in order to promote good stakeholder interactions. Livepeer’s native asset, known as the Livepeer token (LPT), is what is used to organise and distribute video processing duties among network users in a dependable and secure manner.
How LPT Token works?
Built on Ethereum, Livepeer is essentially a network that connects anyone in need of video processing with providers that offer this service. Livepeer was designed to be decentralised and open source. It does this by utilising its own native token, known as LPT, to motivate users on the network to keep this video transcoding process reliable, secure, and economical in comparison to existing centralised alternatives.
Orchestrators : Anyone who owns video mining equipment can stake their LPT and perform video processing work on the Livepeer network. In exchange for providing this service, they receive a share of the video processing fee in the form of LPT and ETH. These network participants are called orchestrators.
Delegators : Those who don’t have access to video mining tools or video processing experience can still participate in the network by delegating or assigning their LPT to a node operator with the right tools and expertise to process video via the Livepeer Explorer. These network participants are called delegators.
Terms and Conditions Of Binance LPT Quiz :
- Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards.
- Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz.
- There will be caps imposed on the amount of rewards available to eligible users per country/region.
- Eligible users may complete multiple quizzes to claim multiple rewards. Users will not be able to participate in this activity once all rewards are distributed.
- The actual value of the reward received is subject to change due to market fluctuation.
- For BTTC course only:
- BTTC rewards are only available to users who have never subscribed to Locked Staking products before 2022-09-07 09:00 (UTC).
- Binance Staking will return staked digital assets/digital currencies to users’ spot wallets at the end of the agreed staking period. Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking.
- For this activity, users may not redeem their staked digital assets/digital currencies in advance.
- For all remaining courses, excluding that on BTTC:
- Token voucher rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via Account > Reward Center.
- Binance reserves the right to terminate the activity at any time without prior notice.
- Binance accounts can only be used by the account registrants. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than account registrants.
- Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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