What is LPT in Binance?

Could you please explain what LPT stands for in the context of Binance? I've been hearing about it lately but I'm not quite sure what it represents or how it fits into the Binance ecosystem. Could you provide some insight into its functionality, purpose, and maybe even how investors might utilize it? Additionally, is it a token specific to Binance or is it more widely used in the cryptocurrency industry? Thank you for clarifying this for me.