-
Notifications
You must be signed in to change notification settings - Fork 0
Expand file tree
/
Copy pathfaq.html
More file actions
131 lines (106 loc) · 7.68 KB
/
Copy pathfaq.html
File metadata and controls
131 lines (106 loc) · 7.68 KB
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1">
<title>LXS — Frequently asked questions</title>
<meta name="description" content="Answers about LXS: who runs it, the founder allocation, how to mine, and the tokenomics.">
<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">Docs</a>
<a href="build.html">Build</a>
<a href="explorer.html">Explorer</a>
<a href="faq.html" class="active">FAQ</a>
</nav>
</header>
<main>
<section class="hero">
<h1>Frequently asked questions</h1>
<p>The common questions about LXS — what it is, how to mine, and how the tokenomics work.</p>
</section>
<section class="section card prose">
<h2>About LXS</h2>
<h3>What is LXS?</h3>
<p>An open, proof-of-work Layer-1 blockchain you can mine from your own computer. New coins come out of mining only, like Bitcoin. On top of the chain, anyone can launch a token in one click. No company owns it.</p>
<h3>Who created LXS and who runs it?</h3>
<p>LXS was started by a solo founder. But <strong>no one controls the network</strong> — much like no one owns email. It's run by everyone who mines it and runs a node. Anyone can join, and no one can be shut out.</p>
<h3>Is there a company or foundation behind LXS?</h3>
<p>No corporation, no VC, no foundation with a treasury of insider tokens. There's a founder and a growing community, and that's it.</p>
<h3>Do I need to be technical to use LXS?</h3>
<p>No. You can get a wallet, mine, and send LXS without understanding the technical details. The <a href="mine.html">miner app</a> and <a href="wallet.html">wallet</a> are built for normal people.</p>
<h3>Can I verify LXS myself?</h3>
<p>Yes. Everything is open-source and on-chain: read the <a href="https://github.com/LXS-NETWORK/LXS">code</a>, run a node, check any balance, and mine a coin yourself.</p>
</section>
<section class="section card prose">
<h2>Tokenomics & distribution</h2>
<h3>Was there a presale or ICO?</h3>
<p>No presale, no ICO, no private sale, no VC round, no whitelist. From the very first block, anyone with a computer could mine LXS on equal terms.</p>
<h3>Is there a premine? How big is it?</h3>
<p>Yes, and it's disclosed in full. <strong>70,000,000 LXS</strong> are created at genesis: <strong>20,000,000</strong> for the founder and <strong>50,000,000</strong> for liquidity & ecosystem (to seed the market so people can buy LXS from the start). The remaining <strong>50,000,000</strong> is mined by the community. It's all written into the genesis file that ships with every miner, so anyone can verify the exact amounts.</p>
<h3>How is LXS distributed?</h3>
<p>The genesis premine is <strong>fixed at 70,000,000 LXS</strong> — <strong>20,000,000</strong> founder and <strong>50,000,000</strong> for liquidity & ecosystem. Another <strong>50,000,000</strong> is mined by the community, so the premine's share of the total keeps shrinking as mining continues. There was no presale, no ICO, and no VC round — no outside investor bought in ahead of you.</p>
<h3>How is new LXS created?</h3>
<p>Only by mining. Each block pays 25 LXS to the miner who wins it, at a rate that halves every 1,000,000 blocks — a decreasing, predictable schedule no one can change.</p>
<h3>What's the total supply and emission schedule?</h3>
<p>70,000,000 premined at genesis (20M founder + 50M liquidity) plus 50,000,000 mined — roughly <strong>120,000,000 LXS</strong> maximum. Block reward starts at 25, blocks come about every 4 minutes, and the reward halves every 1,000,000 blocks.</p>
<h3>What is the fee burn?</h3>
<p>20% of every transaction fee is <strong>burned</strong> — destroyed forever, removed from supply. The other 80% goes to the miner who secured the block.</p>
</section>
<section class="section card prose">
<h2>Mining</h2>
<h3>Can I mine LXS? What do I need?</h3>
<p>Yes, anyone can. You need a computer (a normal CPU is fine — no GPU or ASIC required) and an LXS address. Download the <a href="mine.html">miner</a>, paste your address, and go.</p>
<h3>Solo or pool — which should I choose?</h3>
<p>If you're mining at home, a <strong>pool</strong> is usually better: steady, small payouts proportional to your work, instead of gambling on a rare solo jackpot. Solo keeps the whole 25 LXS per block, but only when you win one — better for powerful hardware. See the <a href="mine.html">Mine</a>
<a href="buy.html">Buy</a> page for a side-by-side.</p>
<h3>How do I join the mining pool?</h3>
<p>Pick “pool” when you start the miner app, or run <code>lxs mine -pool https://lxsnetwork.duckdns.org -coinbase <YOUR_ADDRESS></code>. Payouts are automatic once blocks mature (~50 minutes), at 0% pool fee.</p>
<h3>Isn't proof-of-work a waste of energy?</h3>
<p>Proof-of-work spends energy on purpose — that real-world cost is exactly what makes the chain expensive to attack and impossible to fake. Miners naturally seek the cheapest power they can find. It's the same mechanism that has secured Bitcoin for over a decade.</p>
</section>
<section class="section card prose">
<h2>Value, risk & safety</h2>
<h3>Why does LXS have value? Can it become worthless?</h3>
<p>LXS is worth whatever people who use it decide — from mining, building, and trading it. Scarcity and mining work support it, but no price is guaranteed, and like any early crypto it carries risk.</p>
<h3>What happens if I lose my recovery phrase or private key?</h3>
<p>Your coins are gone, and no one can recover them — that's the price of true, non-custodial ownership. Back up your recovery phrase offline, keep it private, and never type it into anything that asks for it unexpectedly.</p>
<h3>What if the founder disappears?</h3>
<p>The network keeps running. It's open-source and run by its miners and nodes — that's the whole point of proof-of-work. Anyone can keep mining, run a seed, and use the chain with or without any single person.</p>
</section>
<section class="section card prose">
<h2>Still have a question?</h2>
<p>Read the <a href="docs.html">docs</a> for the deeper explanation, or dig into the open-source <a href="https://github.com/LXS-NETWORK/LXS">code</a>. The best way to understand LXS is to <a href="mine.html">mine a block</a> or <a href="tokens.html">launch a token</a> yourself.</p>
</section>
</main>
<footer>
<div class="foot-inner">
<nav class="foot-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">Docs</a>
<a href="build.html">Build</a>
<a href="explorer.html">Explorer</a>
<a href="faq.html">FAQ</a>
<a href="roadmap.html">Roadmap</a>
<a href="https://github.com/LXS-NETWORK/LXS">GitHub</a>
<a href="https://t.me/lxsnetwork" target="_blank" rel="noopener">Telegram</a>
<a href="https://x.com/LXScoin" target="_blank" rel="noopener">X</a>
</nav>
<p>Not financial advice.</p>
</div>
</footer>
</body>
</html>