Update README (#215)

README.md

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 # Exercism LFE Track
+
 [![Configlet](https://github.com/exercism/lfe/actions/workflows/configlet.yml/badge.svg)](https://github.com/exercism/lfe/actions/workflows/configlet.yml)
 [![Verify Exercises](https://github.com/exercism/lfe/actions/workflows/test.yml/badge.svg)](https://github.com/exercism/lfe/actions/workflows/test.yml)
 
-Exercism problems in Lisp Flavoured Erlang.
+**`Lisp Flavoured Erlang (LFE)`** is one of many programming language tracks on [exercism(dot)org][exercism-website].
+This repo holds all the instructions, tests, code, & support files for LFE exercises currently under development or implemented and available for students.
 
-## TODO
+🌟 Track exercises and the test runner currently utilize LFE `2.1.1`.
 
-_Document how to contribute to the LFE track._
+Currently, all exercises are open-ended practice exercises, intended to practice concepts learned, try out new techniques, and most importantly play around with.
 
 ## Contributing Guide
 
-Please see the [contributing guide](https://github.com/exercism/x-api/blob/master/CONTRIBUTING.md#the-exercise-data)
+Here to suggest a new feature or new exercise?
+We'd love if you did that via our [Exercism Community Forum](https://forum.exercism.org/).
 
+Want to jump directly into Exercism specifications & detail?
+* [Structure][exercism-track-structure]
+* [Practice Exercises][practice-exercises]
+* [Markdown Specification][exercism-markdown-specification]
 
+[exercism-website]: https://exercism.org/
+[lfe]: https://lfe.io
+[exercism-track-structure]: https://github.com/exercism/docs/tree/main/building/tracks
+[practice-exercises]: https://github.com/exercism/docs/blob/main/building/tracks/practice-exercises.md
+[exercism-markdown-specification]: https://github.com/exercism/docs/blob/main/building/