Listing Policy

1. Applying to list

Any project can apply. Send the ticker, the chains the token is deployed on, the contract addresses and the quote asset you want to trade against, through the listing application page. A listing is a coin and its market together, so the pair is part of the application, not a decision taken afterwards.

Applications are reviewed by the LF Labs team. There is no queue position to buy and no expedited track.

2. Token due diligence

We check the token itself before anything else:

• Contract addresses on every chain the token is deployed on, verified against the project's own published sources
• Token standard, decimals and supply, and whether the contract can mint, pause, blacklist or tax transfers
• Ownership and upgradeability — who can change the contract and under what controls
• Distribution: allocations, vesting, treasury and team holdings, and how concentrated the supply is
• Any audit the project has had, read as evidence rather than as a badge
• Whether the asset has an obvious legal characterisation that would make listing it unwise

3. Liquidity expectations

A market with no liquidity harms the project more than no market at all: the first trader gets a bad fill, the chart looks broken, and the pair becomes evidence against the token. We therefore expect a credible plan for two-sided liquidity from day one — a committed market maker, the project's own quoting, or both.

Market makers can apply for API access with IP-bound keys through the market maker programme. Expectations on spread, depth and uptime are agreed per market before a pair opens.

4. Community and utility review

• What the token is for, and whether that use exists today or is planned
• Real, verifiable community activity rather than purchased follower counts
• The team, and whether it is identifiable and reachable
• Product status: shipped, in testing, or a document
• Existing listings and the quality of the venues

5. Risk review

The last stage is what could go wrong for our users if we list. That covers manipulation risk given the float and holder concentration, the project's exposure to a single chain or bridge, sanctions and compliance exposure, and the reputational position of the asset.

The question is not whether a token could go up. It is whether listing it is defensible to the users who will trade it.

6. Approval is not guaranteed

Listing terms, including any fees, obligations and the launch schedule, are agreed in writing per asset. Nothing on this page is an offer.

7. Monitoring and delisting

Listing is not permanent. A listed market is monitored, and LF Labs may pause trading, restrict deposits or withdrawals for an asset, or delist a market entirely.

Grounds include, without limitation:

• Liquidity falling below a workable level, or a market maker withdrawing
• A contract change, exploit, bridge failure or chain issue affecting the asset
• Evidence of manipulation in the market, by the project or by anyone else
• A legal, sanctions or compliance development affecting the asset
• The project becoming unreachable or abandoning the token
• Misrepresentation in the listing application

Where a delisting is planned, we aim to give notice and a window to close positions and withdraw. Where the reason is an exploit, a legal requirement or an active manipulation, trading may be halted immediately and without notice.

8. Ongoing obligations of a listed project

• Tell us before a token migration, contract upgrade, chain deployment or rebrand — not after
• Disclose any security incident affecting the token promptly
• Keep a named contact reachable
• Do not trade your own market in a way that creates a misleading impression of price or volume; the market integrity policy applies to projects exactly as it applies to users