Late Bitcoiners

01Executive Summary

LBTC is a Proof-of-Work blockchain built for the people who arrived late to Bitcoin and never stopped thinking about it.

Bitcoin launched in 2009. Most of us heard about it years later, watched the price climb, and quietly accepted that we'd missed the ground floor. LBTC is a fresh start — same founding principles, a modern feature set, and a fair launch where everyone begins at block zero.

Since genesis, the network has grown to include:

02The Problem

Latecomers are priced out, patronized, and left out. Existing crypto projects solve this by launching another token that the founders already own.

What we saw

• Bitcoin is out of reach. A single BTC costs more than most people's monthly salary. Mining it at home is impossible — the network runs on industrial ASIC farms.
• New chains are captured. Fair-launch promises collapse the day a VC allocation is announced. Premines, private rounds, and insider unlocks make "community-owned" a marketing line.
• Applications live on L2s. Real usage (NFTs, memes, trading) migrated to layer-2s where users pay fees to centralized sequencers and trust wrapped assets on someone else's chain.
• Memecoins are broken. Without liquidity, small coins die. With liquidity, they get rugged. There is rarely a middle path that works for everyone.

03Core Principles

Five rules that don't bend, no matter what the price does.

04The Chain

A Proof-of-Work blockchain designed to be mined by ordinary hardware, not just industrial farms.

How a block is built

Every ~3 minutes, a miner somewhere on the network finds a SHA-256 hash that meets the current difficulty target. That block is broadcast to peers, verified by every node, and added to the chain. The miner earns 50 LBTC plus all fees paid by transactions in that block.

Difficulty adjustment

Difficulty re-targets every 5 blocks to keep block production near the 3-minute target. The adjustment window is short by design — the network reacts quickly to hashrate changes so block times stay predictable.

★Fair Block Production

Proof of Work decides who can make a block. These rules, enforced by every LBTC node since November 2026, decide that the block that wins each round is the one with the most work, that blocks carry the transactions people are waiting for, and that no single miner or wallet can crowd everyone else out. None of them changes a block's contents or its hash: they only decide which valid block is accepted, and when.

Mined-at times

The explorer shows when each block was really mined: the moment the network accepted it. The miner's own timestamp (when it started that job) is shown underneath. The acceptance time is kept in a separate record, so the block itself and its hash never change.

Hashing the whole block

The proof of work is the SHA-256 of the whole block (sorted JSON), so a miner may count in any field. Modern miners use work_nonce, which sorts last, and a mining_pad that lines it up: every attempt is then a single 64-byte SHA-256 block, however many transactions the block carries, so full blocks mine as fast as empty ones. The header nonce stays 0. The official miner does this since v68 (see section 21).

05Supply & Halving

21 million LBTC. Fixed supply, halving every 210,000 blocks, no exceptions.

Like Bitcoin, LBTC has a hard cap of 21 million coins. Block rewards start at 50 LBTC and halve every 210,000 blocks. The final LBTC will be mined sometime in the next century.

06Fee Economics

Every transaction on LBTC costs 0.0001 LBTC in network fees. Fees go straight to miners, alongside the block reward.

Unlike most modern chains, LBTC does not inflate to fund anything. Miners receive the full block reward plus all transaction fees. Application-layer fees flow through the treasury system described in Section 9.

07Burn & Reserve

LBTC's supply doesn't just stop growing — it shrinks. Every major app-layer action removes LBTC from circulation, permanently.

There are three paths that burn LBTC, and several that feed a permanent reserve that never gets distributed:

The permanent reserve

Fees flow into the permanent reserve — a single yield-bearing pool that pays stakers forever. Memecoin launches contribute 100 LBTC per launch (20% of the 500 LBTC fee). RWA registrations and fractionalizations route 100% to treasury. NFT mints route 20% to treasury, 80% to escrow. Every fee source eventually compounds into the reserve.

08Native NFTs

NFTs on LBTC are not smart contracts. They are first-class objects on the base chain — minted, owned, transferred, and redeemed without leaving the ledger.

Every NFT has a name, description, image URL, rarity tier, and an escrow balance that sits in a dedicated on-chain address. When you redeem an NFT, the escrow balance returns to you automatically and the NFT is marked BURNED — but stays visible forever on the explorer.

Rarity tiers

User NFTs, game NFTs and chain NFTs

Only user NFTs, minted by a person who paid the mint cost with LBTC put in escrow, count in the tier supply, the "minted", "owners" and floor numbers. Redeeming one returns its escrow (72% of the mint cost) minus a 1 LBTC redeem fee.

• Game NFTs (kind game): items from LBTC Farm and LBTC Survivors (gear, relics, pets, Founder items). Minted free by the games’ authority wallet, they have no escrow, can’t be redeemed for LBTC and have their own fixed supplies.
• Chain NFTs: Genesis Miners and other system NFTs, minted without a paid cost.
• Both are listed separately, so nothing is hidden: /api/nft/mint/costs returns total_minted (user NFTs) and game_and_chain_nfts.

Liquid Staking (stLBTC)

Two ways to stake on LBTC: locked pools (30–365 days, higher APR) and liquid staking (no lockup, use your capital while it earns). The flexible route mints stLBTC — a yield-bearing token you can hold, trade, or use in DeFi while your LBTC keeps accruing yield underneath.

How it works

1. Deposit LBTC → receive stLBTC at the current exchange rate. At launch, 1 LBTC = 1 stLBTC.
2. stLBTC appreciates at a target 7.5% APY, funded from the same Reserve yield that pays locked pool stakers.
3. Withdraw anytime — burn stLBTC, get LBTC back at the live exchange rate. A 0.5% unstake fee applies (paid to the Reserve, dripped back to all stakers over time).

Key parameters

stLBTC vs locked pools

Live stats

Anyone can verify liquid staking activity on-chain:

• GET /api/liquid-stake/stats — total staked, stLBTC supply, current rate, holder count
• GET /api/liquid-stake/balance/<address> — a specific wallet's stLBTC balance and value
• Every deposit and withdrawal is a signed on-chain transaction — searchable in the explorer by memo Liquid stake / Unstake stLBTC

Important: the 7.5% APY is a target, not a promise. Actual yield is funded from real network activity — when the Reserve earns more, distributions rise; when activity is low, they fall. stLBTC value only moves up, but the rate of growth is variable.

09Staking & Treasury

Stakers earn from real application-layer revenue through a dynamic income-based distribution engine. Every payout is a signed on-chain transaction.

All app-layer fees flow into the Reserve — a single pool that distributes to active stakers every 100 blocks. The amount per round is dynamic: 70% of the recent average inflow, capped at 20% of the reserve balance to prevent shock moves. Longer lock commitments receive a proportionally larger share of each distribution.

Staking pools — five tiers

Stakers choose a lock duration. Longer commitments earn a proportionally larger share of every distribution.

Dynamic income-based distribution

Every 100 blocks (~15 hours at current block times), the chain runs a deterministic distribution:

• Lookback: average inflow into the Reserve over the last 14 rounds
• Target payout: 70% × avg_inflow per round
• Floor: never less than reserve / 584 per round (1-year minimum horizon)
• Ceiling: never more than reserve / 100 per round
• Sustainability cap: never more than 20% of the reserve balance in a single round
• Reserve floor: the reserve balance never drops below 10,000 LBTC
• Split: each active staker receives (round_amount × stake × weight) / total_weight

Current reserve balance

10Governance

Any wallet can propose. Any wallet can vote. Vote weight equals LBTC balance at the time of voting — plus any LBTC delegated to you. A proposal only passes if at least 4% of supply votes.

Governance on LBTC is intentionally simple. There are no delegated councils, no multi-sig override, no founder veto. Proposals are created directly on-chain, voting lasts 14 days, and the results are public.

11The Bridge

Lock LBTC on the base chain. Mint wLBTC on Arbitrum. Trade on real DeFi. Or burn wLBTC and get native LBTC back. Paused on the relaunched chain (1 Nov 2026) until there is a published plan for wLBTC minted on the first chain.

How the bridge works

• Bridge IN: Send native LBTC to the vault address. The relayer detects the deposit and calls bridgeIn() on Arbitrum. wLBTC appears in your wallet in the same block.
• Bridge OUT: Call bridgeOut(amount, yourLbtcAddress) on the bridge contract. Your wLBTC is burned and the relayer sends LBTC from the vault to your native address.
• Fees: 0.10% per bridge transaction, split between treasury, reserve, and gas.
• Timing: ~3 minutes for the LBTC side, ~2 seconds for the Arbitrum side. Full round trip under 5 minutes.

Contract addresses (Arbitrum One · mainnet)

12Memecoin Platform

Launch a memecoin in 60 seconds. Instant liquidity, creator royalties, NFT minting on top of any coin. Built on a bonding curve.

Launch economics

Launching a memecoin costs 500 LBTC, split as:

Creator economics

Coin creators earn 0.10% of every trade, forever. Launch once, earn on every buy and sell for the lifetime of the coin. There is no cliff, no vesting, no clawback.

NFT minting on memecoins

Every memecoin can have its own NFT collection. Minting costs 1,000 tokens of the coin itself — permanently burned. This gives each memecoin a second, scarcer asset class on top of the fungible token, and reduces the coin's supply with every mint.

13RWA Fractionalization

Real-world assets — watches, art, collectibles — split into tradeable fractions on LBTC. Every fraction lives on-chain. Every trade is permanent.

Registration and fractionalization turn a physical asset into a native on-chain instrument. An owner registers the asset, pays a submission fee, and receives a certification that lets them mint fractions (up to a declared maximum). Fractions trade peer-to-peer on LBTC's on-chain order book — no intermediary, no off-chain matching, no trusted custodian beyond the physical asset itself.

Fee structure

Live examples

The first RWAs fractionalized on LBTC include collectible Rolex watches (Rolex Daytona 116518LN, Rolex Cosmograph Daytona) with declared valuations up to 100,000 LBTC per watch, split into millions of tradeable fractions. Anyone with an LBTC wallet can buy in, hold, or resell — no intermediary, no minimum.

14Referral System

Invite friends. Earn LBTC on every action they take — forever. Fully on-chain, no caps, no manual approvals.

LBTC's referral program is on-chain from end to end. When a new wallet registers through your link, the relationship is written to the chain permanently — it can never be reassigned, hidden, or clawed back. From that moment on, every fee your referred user generates credits a percentage to your wallet automatically.

How much you earn per action

Referral credits come from the fee generated by the referred user — not from their principal. Every action credits the referrer on every occurrence, forever.

When you get paid

Referral credits accumulate in your pending balance in real time as your referees act. The chain automatically settles all pending balances every 20 blocks (~45 minutes at current block times):

How the relationship is recorded

• Link-based attribution. Referral links use ?ref=<your_address>. When a new wallet connects with the parameter present, the relationship is written to the chain.
• Permanent and immutable. Once a referee is registered to a referrer, the association can never be changed by anyone — not by the referee, not by the referrer, not by the operators.
• One referrer per wallet. A referee can only be referred by one address. No splitting, no re-registration.
• Fully auditable. Every credit and every payout has a transaction hash visible on the explorer. The complete referral history is public.

15Encrypted Wallet

The LBTC wallet runs entirely in your browser. Private keys are encrypted client-side, and the encryption never leaves your device.

Security properties

• PBKDF2-HMAC-SHA256 with 600,000 iterations — industry-standard key derivation.
• AES-256-GCM authenticated encryption — protects both confidentiality and integrity.
• Per-wallet salt and nonce — no two wallets share encryption material.
• Key never leaves the browser — only the encrypted blob is stored locally.
• Manual lock button — instantly clears the private key from memory; the encrypted blob stays for later unlock.

16Arcade & Shard Staking

The LBTC Arcade is the chain's on-chain game hub — four playable titles, an in-game currency called Shards, and a transparent staking system that pays real LBTC from the Reserve Fund.

Four games, ten levels each

Every game is fully playable in the browser at latebitcoiners.com/arcade:

• ⛏️ LBTC Miner — a cartoon platformer across 10 escalating levels. Collect LBTC, stomp or dodge four enemy types (slime, bat, skeleton, ghost), and reach the portal. Each level has a distinct theme — Dawn Mine, Sunrise, Twilight, Blue Hour, Red Dusk, Jungle, Gold Rush, Night, Crimson, Void.
• 🐍 Chain Snake — classic snake across 10 levels of increasing speed. Starting at 130ms per move and dropping to 54ms by level 10, with walls that grow more complex — cross, maze, cross2, chaos.
• 🎴 Block Match — memory card matching across 10 levels. Starts at 12 cards and grows to 30, with a hard timer that shrinks from 120 seconds to 75.
• 👑 Prince — an on-chain adventure game with progression, achievements, and Shard rewards. Playable at latebitcoiners.com/arcade/prince.

Shards — the in-game currency

Playing any game awards Shards proportional to your score. Shards have three uses:

• Buy cosmetics — characters, skins, power-ups, and consumables from the Arcade Shop.
• Stake for LBTC yield — lock shards to earn real LBTC from the Reserve Fund.
• Unlock achievements — 12 achievements that track progression across all games.

Items can be bought with either Shards (in-game) or LBTC (real value). Every LBTC purchase is a real on-chain transaction — the LBTC leaves your wallet and enters the treasury, verifiable at latebitcoiners.com/explorer.

Arcade staking — powered by the Reserve Fund

Staking is a real financial primitive inside the Arcade. The mechanics are deliberately simple and fully auditable:

• Conversion: 10,000 Shards = 1 LBTC notional value.
• Yield source: 10% of the Reserve Fund pays all stakers every year. When the reserve grows, the payout pool grows. When more players stake, it dilutes fairly.
• APR: Live-calculated as (Reserve × 10%) / Total Staked Notional, capped at 15% during beta to protect the reserve. The cap is visible in the UI and is designed to disappear as adoption grows.
• Accrual: Rewards accrue every second. The Arcade UI shows the claimable amount tick upward in real time.
• Claims: When you click Claim, real LBTC moves from the Reserve Fund address to your wallet address — as a signed, timestamped on-chain transaction. No database, no promises, no waiting.
• Unstake: Withdraw your Shards any time. Pending rewards are auto-claimed to your wallet at the moment of unstake.

Every action is on-chain

Every stake, unstake, and claim creates a signed transaction that appears on the LBTC explorer:

• Stakes register with a memo like ARCADE_STAKE|1000|shards.
• Claims register with ARCADE_CLAIM|0.12345678LBTC — the exact amount, from Reserve to your address.
• Anyone can audit the complete history at any time. Reserve balance is live at latebitcoiners.com/dashboard.

Why the reserve pays for it

10% of every fee that flows through the chain goes to the permanent Reserve. The Reserve's purpose is to fund long-term value — one use is Arcade yield. As the network grows, the reserve grows, and staker rewards grow with it. It's a closed loop funded entirely by real usage: NFT mints, transfers, marketplace commissions, bridge fees, memecoin creation, and swap fees.

Not gambling, not speculation

The Arcade contains no wagering, no bets, and no pay-to-win mechanics that promise outsized returns. Shards are earned by playing. LBTC purchases buy cosmetics — items with visual value, tradable on the LBTC marketplace. Staking yields come from a pre-funded reserve, not from new deposits. Everything is transparent and verifiable on-chain.

One balance across every game

Since November 2026 there is one shard balance on the node for the Arcade, LBTC Farm and LBTC Survivors, shown on the dashboard as "Shards · one balance". Log into any game with your LBTC wallet and you see the same amount, and staking it pays LBTC from the same Reserve Fund pool.

• Each game signs its shard updates with its own authority key, and each caps earnings by real play time (LBTC Survivors: up to 400 shards an hour of play, banked for 12 hours).
• 1 LBTC Survivors shard = 100 website shards, so an hour of play is worth about the same in every game.
• Spending in a game (crafting, the Trader, titles) takes shards from the same balance; staked shards can’t be spent until you unstake them.

17The AI Agent

Every page on latebitcoiners.com has an AI Agent in the corner. It is grounded in this whitepaper, aware of the live chain, and can read your connected wallet in real time.

Ask anything

Chat with an agent that knows your wallet — LBTC balance, active stakes, pending yield, memecoin holdings, creator royalties, and arcade shards. Answers come from live chain state, not guesses.

Quotes the whitepaper

Ask how LBTC works and the agent retrieves the relevant section of this document and quotes it. The retrieval is grounded in the same text you are reading now — the agent does not invent tokenomics.

Daily chain reports

The agent can generate a plain-English report on what actually happened on-chain — new blocks, memecoin launches, NFT activity, bridge flows, and reserve movement — from live chain state.

AI coin builder

Describe a memecoin in one sentence. The agent proposes a name, ticker, description, image concept, and initial bonding-curve parameters — ready for you to deploy.

Memecoin discovery

Surface new launches by measurable signal — liquidity growth, holder count, trade velocity — rather than hype. The agent ranks coins by activity, not by social noise.

Creator copilot

If you have launched a memecoin, the agent helps you read your numbers: how the curve is moving, what royalties have earned, and which trades drove the most volume.

NFT appraiser

Ask the agent to estimate a fair value for an NFT using comparable on-chain sales, rarity tier, mint cost, escrow balance, and recent trades.

How it is built

• Model: a large language model hosted via Groq, running server-side only.
• Grounding: every response is retrieved against this whitepaper plus live chain state.
• Wallet context: public addresses only. The agent reads balances, stakes, and holdings from the chain. It never touches private keys and cannot sign transactions on your behalf.
• Free during beta: no token gate, no subscription.

The AI Agent is not a separate product — it is a lens over everything else in this whitepaper. If you can see it on-chain, you can ask about it.

18LBTC Bridge — LBTC ↔ wLBTC

A two-way, non-custodial bridge between the LBTC mainnet and Arbitrum One. Users deposit native LBTC into a vault on the LBTC chain with an ARB:0x… memo; a relayer observes the deposit and mints an equivalent amount of wLBTC (a standard ERC-20) on Arbitrum. The reverse direction burns wLBTC on Arbitrum and releases native LBTC from the vault.

Design

• Non-custodial. The user's own wallet signs the deposit transaction. The server never holds user keys and never signs on behalf of anyone.
• Atomic intent. Every deposit carries an ARB:0x… memo that names the Arbitrum recipient. The relayer refuses to mint without a valid memo.
• Transparent. Every deposit, mint, burn, and release is verifiable on-chain via the LBTC explorer and Arbiscan.
• Over-collateralized. The vault always holds at least as much native LBTC as the total wLBTC in circulation — the surplus accrues from fees.

Fee structure

Live contracts (Arbitrum One · chainId 42161)

• wLBTC token: 0x77eb75b672B03A885865014d5342Cf42999836F9
• Bridge contract: 0x96Ad48cE87Cd80Bf1fd984c36b75E7e216DE3c08
• LBTC vault: 1DVbxerCn51rQaGgPYq263YnfnCmEqpRZa

19OTC Escrow — Trustless P2P Trading

A non-custodial escrow contract that lets any two parties swap wLBTC for USDC on Arbitrum without an intermediary, an order book, or a trusted third party.

How it works

1. Seller creates an offer. Locks wLBTC into the escrow contract and sets the USDC price and an expiry.
2. Buyer accepts. Locks USDC into the same contract. The swap executes atomically: seller receives USDC, buyer receives wLBTC, in one transaction.
3. If nobody buys before the deadline, the seller calls refund() and reclaims 100% of their wLBTC.
4. Either party can walk away any time before the trade completes — no funds are ever stuck.

Fee

0.5% on completion, split by both sides, directed to the LBTC community treasury.

Live contract (Arbitrum One)

• LBTCOTCEscrow: 0x252062a2E21bF8662C5AA145Af3eBB4E0eE468Be

20Fair Mining Pool — 0% Fee, Verified Shares

The LBTC Fair Pool at latebitcoiners.com/pool lets small miners earn steady rewards instead of waiting for luck. It charges 0% fee, splits every block it finds by the real, verified work each miner did, and every block and payout is a normal on-chain transaction anyone can check.

How it works (pool v3)

• Every share is a real block. A pool miner builds the whole block: the reward pays the pool address and the coinbase memo names the miner (pool:<address>). It mines to a share target 16× easier than the network.
• The pool checks every share completely: the hash matches the block, it meets the share target, it builds on the current tip, it pays the pool and it names the right miner. A copied, stale or fake share is refused, and nobody can claim someone else’s work.
• When a share also meets the network target, it is a block. The pool signs it with its own key and submits it. It competes like any other block under best-block selection (section ★ Fair Block Production).
• The reward is split by work (verified shares, weighted by difficulty) over the work done since the pool’s last block, up to one hour.
• Withdraw any time from the pool page. A withdrawal must be signed by the miner’s own wallet in the site’s payment window; the pool checks the signature, so nobody can trigger someone else’s payout. The network fee (0.0001 LBTC) comes out of the payout.
• Transparent: every miner’s hashrate, earnings and balance, and every pool block with its result (accepted, lost, refused) are public on the pool page.
• Miners older than v66 can’t pool-mine (the pool answers "upgrade").

Endpoints

• Pool page: https://latebitcoiners.com/pool
• Pool info: GET https://pool.latebitcoiners.com/api/pool/info
• Pool stats: GET https://pool.latebitcoiners.com/api/pool/stats
• One miner: GET https://pool.latebitcoiners.com/api/pool/miner/<address>
• Submit a share (miners): POST https://pool.latebitcoiners.com/api/pool/share

21Miner v69 — Fast Engine, Pool + Solo

LBTC-PRO, the official desktop miner and wallet. One app for Solo mining (every block pays you the full reward) and the Fair Pool (steady rewards split by work), switched with one click on the main screen.

What's in v69

• The fast engine: about 1,260 MH/s on an RTX 3050 laptop GPU (v68: about 500 MH/s, v67: about 70 MH/s). An OpenCL engine for NVIDIA and AMD that hashes one 64-byte SHA-256 block per attempt and skips the 10 rounds that never change. Its GPU kernel comes from lackminer-lbtc by Knop3dev (MIT-style licence, notice included).
• A self-test on your GPU at start-up: 64 results are compared with Python’s own SHA-256 before the fast engine is used. If anything differs, the miner uses the CUDA engine instead, then the AMD engine.
• Full blocks at full speed: the counter lives at the end of the block (work_nonce), so carrying transactions costs nothing.
• Solo / Pool switch and the Fair Pool banner on the main screen. The miner always starts in the mode it shows.
• Fresh jobs every 2 minutes (no more refused "old timestamp" blocks), found blocks re-sent the moment the 3-minute window opens, and CPU-only mining fixed.
• Every found block is checked the way the node checks it before it is sent.

Download

Windows 10/11 (64-bit, includes CUDA) from the download page or the GitHub releases, with its SHA-256 checksum to verify the file. v67 stays available for PCs where the fast engine can't run; AMD, macOS and Linux builds are listed on the same page.

22Live Contracts Reference

Every production contract and endpoint for LBTC, in one place. Verify every address independently on the relevant block explorer.

Arbitrum One (chainId 42161)

LBTC mainnet

Public endpoints

• Chain node: https://latebitcoiners.com
• Explorer: https://latebitcoiners.com/explorer
• Pool: https://latebitcoiners.com/pool · API https://pool.latebitcoiners.com/api/pool/stats
• Network status (live): https://latebitcoiners.com/status · /api/status/live
• Mempool queue: https://latebitcoiners.com/api/mempool/health
• LBTC Farm: https://play.latebitcoiners.com · LBTC Survivors: https://latebitcoiners.com/survive/
• Bridge: https://latebitcoiners.com/bridge
• OTC: https://latebitcoiners.com/otc
• Miner source: https://github.com/latebitcoiners/lbtc-miner

★LBTC Survivors — the GPS Survival Game

LBTC Survivors is a survival game on the real map, built from OpenStreetMap. Players walk to real petrol stations, shops, pharmacies, hardware stores, fountains, parks and shelters, search them for supplies, clear underground lairs, build bases with their society and find limited gear minted to their LBTC wallet. It plays in the browser at latebitcoiners.com/survive and installs on Android and iPhone as a full-screen app. The hub, the complete guide and a searchable wiki are at latebitcoiners.com/LBTCSurvivors.

Fair GPS play

• Actions need you to really be there: within 40 m of a place, with a GPS fix better than 60 m, and moving slower than 25 km/h (never play while driving).
• Fake jumps (implied speeds above 220 km/h that aren’t a real flight) lower a trust score that blocks rewards. The server checks every action; a browser can never give itself loot.
• Home mode (a joystick, anywhere) shares the same account, gives 60% of the loot (up to 40 searches a day) and earns 3 shards a search that can be staked for LBTC, but never points, NFTs or the LBTC reward pool: gear stays at Mythic or below. The biggest rewards go to people who really go out.

On the chain

• The Arsenal uses LBTC Farm’s own 10 gear bases, 10 tiers and stat tables. Ancient gear and above are limited, numbered NFTs from the supply shared with LBTC Farm.
• One shard balance with the website, the Arcade and LBTC Farm, stakeable for LBTC (section 16).
• The LBTC Store: players send LBTC from their linked wallet to the store address; the server reads the chain and gives Store credit. Every product is fixed and shown before buying (no random boxes). Income is split 70% to the players’ reward pool, 20% to the treasury and 10% burned; rewards are paid only from real income, capped per player and held 3 days.
• Relics from the supply shared by every LBTC game; shelter stamps and Proof of Visit photos can be minted as NFTs.
• Wallet login with the same encrypted keystore as the website; the game never sees your private key.

Founders' Month

The launch month, decided entirely by the game server and earned with real GPS visits and a linked wallet: a permanent Founder number, the Founder Badge NFT (5 real visits on 2 days), Genesis Supply Drops every 4 hours for 15 minutes (golden crates at real places, shared by the first 3 survivors, with 100 Fallen Satellite NFTs in total), the 20-step Founder's Track, the Founder's Forge, an optional Founder's Pass and the Launch Legends. Live on the Founders Wall.

23Roadmap

What's shipped, what's next, and what's after that.

24Frequently Asked Questions

25Founder Development Grant

Why this exists

LBTC has been developed by a single founder since August 2026. All work — the node, the miner, the bridge, the memecoin platform, the arcade, the front-end, the wallet, and ongoing maintenance — has been done without external funding, venture capital, or a premine.

The current mainnet started with a fresh genesis on 1 November 2026. Infrastructure costs include VPS hosting, relayers, monitoring, RPC access, and continuous development time. The founder works a second full-time job to cover personal expenses while building LBTC.

To fund continued development and infrastructure, a Founder Development Grant is allocated according to the terms below.

Terms

Transparency

• On-chain. Every payment appears in a block, under the address above. The running total is visible at any time via the LBTC explorer.
• Dated. Every block includes a memo field identifying the grant cycle.
• Auditable. The community can independently verify the accumulated total at any time: latebitcoiners.com/explorer/address/1AvFeYZhJtxL71yjuG7vvBiJKYcuEDS6XP
• Fixed at 1%. Changed at the 1 November 2026 relaunch from “10,000 LBTC or 12 months” to 1% of every block reward with no end. It can never be more than 1%: miners keep the other 99% and every fee.
• Halves with the reward. 0.5 LBTC a block in the first era, 0.25 after the first halving, and so on, like every miner’s reward.

What this is NOT

• Not a premine. No coins were allocated before mainnet launch.
• Not an ICO. No coins were ever sold to investors, funds, or the public.
• Not perpetual. The grant expires in 12 months or at the cap — whichever comes first.
• Not hidden. The address is public, every payment is on-chain, and totals are verifiable by anyone.
• Not a governance vote. The founder is disclosing this before it appears on-chain, so the community can respond with objections, proposals, or forks if they disagree.

Context — how this compares to other chains

After the grant ends

Continued development will be funded entirely by real application-layer revenue:

• Memecoin creation fees — currently 4,000 LBTC per launch to treasury
• NFT mint and transfer fees — 18% of mint cost to treasury
• Marketplace commissions — 1.8% of every NFT sale
• Memecoin swap fees — 0.10% of every buy/sell trade

If these revenue streams grow as expected, the founder grant will not need to be renewed. If they do not, the community may propose a new grant via governance.

This section was published on 6 October 2026, before the first grant payment appears on-chain. The community is invited to verify every subsequent payment at the address above. Any deviation from these terms constitutes grounds for a community fork.

Genesis Block

Relaunched 2026-11-01 00:00:00 UTC · Unix 1793491200