> For the complete documentation index, see [llms.txt](https://lil-x-token-whitepaper.gitbook.io/lil-x-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lil-x-token-whitepaper.gitbook.io/lil-x-whitepaper/abstract.md).

# Abstract:

The Lil X token is a decentralized cryptocurrency built on the Ethereum blockchain, with its inspiration derived from the name of Elon Musk's youngest son. The token aims to establish a strong community-driven ecosystem by ensuring liquidity lock-up after the initial presale. Lil X implements a 1% transaction tax on buys and sells, with all proceeds dedicated to community marketing efforts.