How does trading work on Lovely Legends?
Lovely Legends runs a spot exchange with a real matching engine. Each market pairs a base asset with a quote asset — LF/USDT, for example — and every order you place rests on or matches against a live order book shared by all traders. You can place limit orders and market orders, watch the book and the candlestick chart update live, and cancel or replace your open orders at any time.

What is spot trading?
Spot trading means buying and selling the asset itself, for immediate settlement, using funds you already hold. There is no leverage, no borrowing and no liquidation on Lovely Legends. If you buy 100 USDT worth of LF, you hold that LF.
Markets and pairs
A market is written base/quote — for example LF/USDT. The base is what you are buying or selling; the quote is what you pay or receive. In LF/USDT, buying means spending USDT to receive LF, and the price is quoted in USDT per LF. You can see every listed market, with live prices, on the Markets page at https://llx.lflabs.fund/markets.
The order book and the matching engine
Every market has one order book, shared by everyone trading it. Buy orders (bids) and sell orders (asks) sit in it waiting for a counterparty. When a buy and a sell overlap in price, the engine matches them and a trade happens. Your order is either matched immediately or rests in the book until it is — nothing about it is simulated or delayed.
The order types available
| Type | What it does |
|---|---|
| Limit | You set the price. The order rests on the book until the market reaches it. It may fill later, partly, or not at all. |
| Market | You set the size only. The order fills immediately against the best prices currently in the book. |
Take-profit and stop-loss orders are not supported yet. The app says so when you look for them.
What does it cost to trade?
The standard schedule is 0.20% maker and 0.30% taker. Rates are set per market, so check the figure the app shows for the pair you are trading. See the fees article for how each is charged, or the published fee schedule at https://llx.lflabs.fund/fees.
