LFS is a way to create a new distro for linux, but there are others as well, you could also base your distro on existing distros as ubuntu, debian, slackware, gentoo, ... You just have to find a base system you like and use that as your starting point. If you prefer a completely new system, go for LFS, you could like the package management of X or Y go with that. Just try to figure out why your distro is special and focus on that because in the end, all systems share the same base.
Good luck :)
btw if you just want to learn more about linux LFS is a good start, it has been my favorite for years.
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