OMG
This same question was on the questions for new players yesterday
LTP or item distribution & experience distribution parties
have a limit of 4 players, and are for grinding by yourself for when you dont have someone to party with (friend or guildie)
You dont have to be anywhere near the other members in the party
you can be in any of the 7 different areas in the game
The benefit of this party is you get a 5% bonus experience per player in the party, so if you have 4 (most you can have) you get 20% bonus experience.
and yes bot make this kind of party, but you can take advantage of it too, and you should
