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<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1">
<title>LXS — How it works (docs)</title>
<meta name="description" content="Everything about LXS in plain language: what it is, proof-of-work mining, tokenomics and the founder allocation, the mining pool, tokens, the faucet, and how to verify it all yourself.">
<link rel="icon" type="image/svg+xml" href="lxs-logo.svg">
<link rel="stylesheet" href="style.css">
</head>
<body>
<header>
<a class="brand" href="index.html"><img src="lxs-logo.svg" alt="LXS logo">LXS</a>
<nav class="nav">
<a href="index.html">Home</a>
<a href="mine.html">Mine</a>
<a href="buy.html">Buy</a>
<a href="tokens.html">Tokens</a>
<a href="wallet.html">Wallet</a>
<a href="docs.html" class="active">Docs</a>
<a href="build.html">Build</a>
<a href="explorer.html">Explorer</a>
<a href="faq.html">FAQ</a>
</nav>
</header>
<main>
<section class="hero">
<h1>How it works</h1>
<p>Everything about LXS, in plain language — what it is, how coins are created, how mining and the pool work, how tokens live on the chain, and how to verify all of it yourself. Prefer quick answers? Jump to the <a href="faq.html">FAQ</a>.</p>
</section>
<section class="section card prose">
<h2>What is LXS?</h2>
<p>LXS is a <strong>proof-of-work Layer-1 blockchain</strong> — its own independent network, like Bitcoin, not a token on someone else's chain. Coins are created only by <strong>mining</strong>, so there's no hidden faucet of insider coins. Anyone can run the software, mine the coin, launch a token, and send value, without asking permission.</p>
<p>If you know Bitcoin, LXS will feel familiar: the same idea of a coin <strong>earned with real work</strong> and secured by miners, with no company in the middle. What LXS adds is a <strong>one-click token launchpad</strong>, so any community can create and trade its own token on top of the chain. The website you're reading is just a convenient window — the real network is the blocks and the nodes that hold them, and it keeps running with or without this page.</p>
</section>
<section class="section card prose">
<h2>How mining works</h2>
<p>Mining is the process of <strong>spending computing power to confirm transactions, secure the network, and keep everyone in agreement</strong> — without any central authority. Miners race to solve a hard puzzle; the first to solve it adds the next block and collects its reward. Rewriting history would mean out-working the entire network at once, which is what makes the chain secure.</p>
<p>You mine by running the miner app (see the <a href="mine.html">Mine</a>
<a href="buy.html">Buy</a> page) — on an ordinary CPU, no special hardware. Nodes find each other through a <strong>distributed peer directory (DHT)</strong>, so there's no central server to shut down: the network keeps going as long as anyone, anywhere, is running a node. New here? You can start mining without understanding any of the technical details.</p>
</section>
<section class="section card prose">
<h2>The mining pool</h2>
<p>Finding a block solo is like a lottery — rare, but the whole 25 LXS is yours. A <strong>pool</strong> is a group of miners who combine their computing power and split the rewards in proportion to the work each contributes, so everyone gets steady payouts instead of waiting for a rare solo win.</p>
<p>When you pool-mine, your machine submits <strong>shares</strong> — proof that it's doing real work toward finding a block. When the pool wins a block, the reward is split <strong>in proportion to the shares each miner contributed</strong> (a scheme called PPLNS), and paid to your wallet automatically. The LXS pool charges <strong>0% fee</strong>, and payouts wait about 50 minutes (12 blocks) to mature so a chain reorganisation can't pay out a reward the pool never received. Connect with <code>lxs mine -pool <url></code> or just pick “pool” in the miner app.</p>
</section>
<section class="section card prose">
<h2>Tokenomics</h2>
<ul>
<li><strong>25 LXS per block</strong> goes to the miner who wins it (in a pool, split by contributed work).</li>
<li>The reward <strong>halves every 1,000,000 blocks</strong> — roughly one era every <strong>~7.6 years</strong> — so issuance slows predictably over time. No one can change this.</li>
<li>About <strong>100 million LXS</strong> is mined out over roughly <strong>500 years</strong>, plus a <strong>20 million</strong> genesis allocation to the founder, for a maximum of about <strong>120 million LXS</strong>.</li>
<li><strong>20% of every transaction fee is burned</strong> (destroyed forever); the rest goes to miners.</li>
</ul>
<p>New LXS is created at a decreasing, predictable rate that no one can alter. Fees reward the people securing the chain; the burn slowly removes coins from supply. None of this promises a price — it just describes exactly how coins enter and leave circulation.</p>
</section>
<section class="section card prose">
<h2>The founder allocation</h2>
<p><strong>70,000,000 LXS are created at genesis: 20,000,000 for the founder and 50,000,000 for liquidity & ecosystem</strong> (to seed the market so people can buy LXS from the start). There was <strong>no presale, no ICO, no VC round, and no whitelist</strong> — no outside investor bought in ahead of you. The remaining <strong>50,000,000</strong> is mined by whoever shows up.</p>
<p>Every amount is fixed and written into the <strong>genesis block</strong> — the same <code>lxs-genesis.json</code> that ships inside every miner download — so anyone can verify it. As the 50M mined supply is earned block by block, the premine becomes a smaller fraction of the total over time.</p>
<div class="kv">
<div><span class="k">Genesis allocation</span><span class="v">20,000,000 LXS</span></div>
<div><span class="k">Where it's recorded</span><span class="v">the genesis block (lxs-genesis.json)</span></div>
</div>
</section>
<section class="section card prose">
<h2>Add LXS to MetaMask</h2>
<p>On the <a href="tokens.html">Tokens</a> page you can click <strong>“Add LXS network”</strong> to do this automatically. To add it by hand, open MetaMask → Networks → Add network → Add manually, and enter:</p>
<div class="kv">
<div><span class="k">Network name</span><span class="v">LXS</span></div>
<div><span class="k">RPC URL</span><span class="v">https://lxsnetwork.duckdns.org</span></div>
<div><span class="k">Chain ID</span><span class="v">22540</span></div>
<div><span class="k">Currency symbol</span><span class="v">LXS</span></div>
</div>
<ol class="steps">
<li>Open <strong>MetaMask</strong> and go to the network dropdown at the top.</li>
<li>Choose <strong>Add network</strong>, then <strong>Add a network manually</strong>.</li>
<li>Fill in the four fields above exactly.</li>
<li>Save, then <strong>switch to LXS</strong>. Your LXS balance now shows in the wallet.</li>
</ol>
</section>
<section class="section card prose">
<h2>How tokens work</h2>
<p>A token you launch is an <strong>on-chain smart contract</strong>. Once created, it lives on the blockchain and is replicated across <strong>every node</strong> — it is not stored on any website or company server. The <a href="tokens.html">Tokens</a> page just reads it from the chain and draws it for you.</p>
<p>Every new token is instantly tradeable on a <strong>bonding curve</strong>: the contract itself sets the price and lets anyone buy or sell with LXS, so there's no need for upfront liquidity or a listing. Because the token lives on-chain, it stays alive even if this website disappears.</p>
</section>
<section class="section card prose">
<h2>The free-gas faucet</h2>
<p>Doing anything on-chain (like creating your first token) costs a tiny amount of LXS for <strong>gas</strong>. A brand-new wallet has zero, so new users can click <strong>“Get LXS for gas (free)”</strong> on the Tokens page to claim a small amount — just enough to afford that first action. One claim per address.</p>
</section>
<section class="section card prose">
<h2>Verify it yourself</h2>
<p>Everything about LXS is open and checkable:</p>
<ul>
<li><strong>Read the code.</strong> The full node, miner, launchpad, and pool are open-source at <a href="https://github.com/LXS-NETWORK/LXS">github.com/LXS-NETWORK/LXS</a>.</li>
<li><strong>Run a node.</strong> Download the same binary everyone else runs, join the network, and see the chain for yourself.</li>
<li><strong>Check the balances.</strong> Add LXS to MetaMask and look up any address on the chain.</li>
<li><strong>Mine a block.</strong> The surest proof the network is real and open is to earn a coin from it yourself.</li>
</ul>
</section>
<section class="section card prose">
<h2>Keep your coins safe</h2>
<p>LXS is <strong>non-custodial</strong>: your key lives on your device, not on a server. That means you're in control — and also responsible. Whoever holds your recovery phrase or private key owns your coins, and no one can recover them for you.</p>
<ul>
<li><strong>Back up your recovery phrase offline</strong> and never share it. No real LXS tool will ever ask for it.</li>
<li><strong>Ignore anyone promising guaranteed returns</strong> or to “double” your LXS.</li>
<li><strong>Double-check addresses</strong> before sending; on-chain transfers can't be reversed.</li>
</ul>
</section>
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