📝Glossaries

Loyalty system, Loyalty platform	Loyalty system is a marketing strategy and program designed by a company to encourage customers to continue purchasing or using their services and to build loyalty to their brand or product. In this paper, it refers to a system that provides points and rewards. A platform that can easily build a loyalty system is called a “loyalty platform”.
LMTLS platform	LMTLS platform is an all-inclusive term for the overall infrastructure that builds the LMTLS ecosystem, including LMTLS Apps, LMTLS automation nodes, automation scripts, etc.
Point(s)	Point is a value that customers earn in exchange for purchasing goods or services or for various activities within a service. Accumulated points can later be redeemed for discounts, free goods, and other benefits.
LXP	LXP is a point used in LMTLS, which users can earn as a reward for user activities (A2E) on the Alliance App and LMTLS App.
Alliance	Alliances are multiple collaborating entities that work in conjunction with the LMTLS platform. They all have their own services, and use the LMTLS platform to issue and utilize their point tokens.
LIX	LIX serves as the primary cryptocurrency within the LMTLS ecosystem, acting as a medium for executing advertisements and participating in various in-app events.
DID	The LMTLS platform's Decentralized Identity (DID), adhering to W3C DID and Ethereum ERC1056 standards, efficiently manages identity information through a blend of on-chain and off-chain processes, categorizing members into Alliance, Influencer, and General User groups with varying identity details
Action to Earn(A2E)	Action to Earn means that a user can earn rewards while simultaneously engaging with the Alliance service and the LMTLS App.
Automation node	Automation node is an architecture that performs automated advertising within LMTLS by reading automation scripts and allowing them to be executed automatically.
Automation Script	Automation scripts are sets of instructions or code that perform tasks without manual intervention, designed to automate repetitive processes or actions within LMTLS platform. These are issued as NFTs so that LMTLS Automation Nodes can identify them.
LMTLS API	LMTLS API bridges Web2 and Web3, with internal APIs providing access to blockchain networks and enabling dApps, and external APIs granting access to registered dApps on public blockchain networks.
Server Wallet	Server Wallet is used within the LMTLS App and is designed to be easy to use for users who are not familiar with Web3.
LIX Airdrop	LIX Airdrop is an event that offers LIX as a reward to users who participate in the LMTLS ecosystem.
Vault	Vault is a secure storage and management system for sensitive data like encryption keys and credentials, employing advanced encryption and access control mechanisms to ensure data protection within blockchain applications.