Rank #12029
lbc LBRY Credits
$ 0.0009991
0.089242 BTC
0.9242 satoshies
Market Cap
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24 Hour Trading Vol
3,531.3869 $
Circulating Supply
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Total Supply
1,08 BN.
Max Supply
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Fully Diluted Valuation
1,28 MLN. $
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About Coin
LBRY (pronounced “Library”) is a decentralized digital content distribution protocol and a marketplace for the same. It supports a variety of content which includes but not limited to videos, songs, ebooks, etc. LBRY uses blockchain at its core, which enables content to only be controlled by its author/ publisher, not by any third party, effectively eliminating issues like censorship and copyright strikes. Since the code of the LBRY project is open-source, developers can create their own decentralized apps (dApps). Content creators can use these apps to upload their content on the LBRY network and monetize it by setting a fee. LBRY credits or simply LBC is the cryptocurrency created by the LBRY network to fuel its entire digital content market. The LBC coin is required by consumers to access the monetized content on LBRY network. The LBRY platform also allows LBC mining by giving block rewards.
Jeremy Kauffman co-founded LBRY Inc. with the vision of a decentralized global content hub, controlled and owned by no one. Currently, Jeremy is the chief executive officer of LBRY Inc. Before working on the LBRY project, Jeremy founded TopScore, a million dollars event and activity registrations startup. There are three other co-founders who serves on different positions in LRBY Inc: Alex Grintsvayg (Chief Technical Officer), Josh Finer (Director of Operations and Analytics), and Jack Robison (Protocol Developer).
LBRY provides its own official app, which can be used to store LBC. The LBRY app is available for multiple operating systems such as Windows, MacOS, and Linux. Android and iOS versions are still in development. Other than its official LBRY wallet, users can opt for the Coinomi mobile wallet, which is recommended by LBRY. LBC can only be obtained through exchange. Users can also take advantage of LBC mining and various rewards given in LBC coin by LBRY network to its users.
Although the concept behind the LBRY network has a lot of potential for growth, it faces competition directly against the entertainment giants such as YouTube and Netflix, and some of these platforms have been around for more than a decade.
Where is LBRY Credits available for purchase?
You can exchange LBC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading LBRY Credits is MEXC, notably the LBC/USDT pair, which saw a trading volume of $ 545.62 in the past day. Additionally, Komodo Wallet is popular alternative for trading tokens.
What is the highest value LBRY Credits (LBC) has ever reached?
LBRY Credits (LBC) reached its peak price at 1.6 $ on 14 July 2016, approximately 9 years ago ago. Presently, the current price is -99.93% lower than this all-time high.
What is the historical minimum price for LBRY Credits (LBC)?
The minimum price reached for LBRY Credits (LBC) was 0.000619 $, documented on 08 November 2022, more than 3 years ago. In comparison, the current price is 61.39%, it above this historical low.
What is the fully diluted valuation of LBRY Credits (LBC)?
The fully diluted valuation (FDV) of LBRY Credits (LBC) stands at $ 1,28 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of LBC tokens. The realization of this FDV might take several years depending on the emission schedule of LBC tokens.
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