Risk Disclosure
Trading digital assets can result in the loss of your entire balance. Read this before you deposit.
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1. You can lose everything
Nothing on Lovely Legends is investment advice. No listing, chart, reward rate, campaign or piece of copy anywhere on this site is a recommendation to buy, sell or hold any asset. You make your own decisions and you carry the outcome.
2. Price volatility
Crypto markets trade continuously and prices can move sharply in seconds, in either direction, with no circuit breaker and no closing bell. A price you saw a moment ago may not be available when your order reaches the book.
A price band rejects or warns on orders priced far from the current market, which protects you from an obvious mis-keyed price. It does not protect you from an ordinary market move, and it is not a stop-loss.
3. No guaranteed profit or return
There is no guaranteed return anywhere on this platform. Staking rates are set by LF Labs and can change. Mining applies a system-determined multiplier between 1.5× and 4× that no user can influence, and mining power expires after 120 days. Task, campaign and airdrop rewards depend on rules published per campaign and may change or end.
Past performance of any market, asset or rewards programme tells you nothing about future performance.
4. Liquidity risk
Lovely Legends lists a small number of markets. Liquidity in any of them can be thin or can disappear, particularly outside active hours or during stress. Thin liquidity means wider spreads, worse fills on market orders, and the real possibility that a large order moves the price against you or cannot be filled at all.
A market can also be paused, closed or delisted. If that happens you may not be able to exit a position at the price or the time you want.
5. Technology and operational risk
- The exchange, the API, the app or the website can be unavailable or degraded, including during a period when you want to trade
- Network congestion, node failures or chain reorganisations can delay a deposit or a withdrawal
- Software has bugs; a defect in matching, settlement, pricing or accounting can affect balances and orders
- Third parties we depend on — hosting, blockchain nodes, price data, Telegram — can fail independently of us
- A security incident, at LF Labs or at a provider, could affect data or funds
Live reachability of the main services is shown on the status page. It reports what is reachable now; it is not a guarantee of future availability.
6. Custody risk
Balances on Lovely Legends are custodial. LF Labs controls the keys to the wallets holding user funds, and your balance is a claim against LF Labs rather than coins you hold yourself. LF Labs is not a bank. Balances are not insured and are not covered by any deposit guarantee or investor compensation scheme.
If LF Labs were unable to meet its obligations, you would be an unsecured claimant. Withdraw to a wallet you control if you want custody of your assets.
7. Deposit and withdrawal risk
- Deposits and withdrawals can be paused for an asset or a network at any time
- Withdrawals are reviewed before they are broadcast and may take up to 48 hours
- A flat fee equivalent to $1.00 USD is deducted from each withdrawal, plus whatever the network itself costs
- Not every network supported for deposits is supported for withdrawals — check before you deposit
8. Reward and programme variability
Staking, mining, tasks, referrals and campaigns are discretionary programmes, not contractual entitlements. Rates, eligibility rules, snapshot timing, supported assets and pool sizes are set by LF Labs and can be changed or withdrawn. A 0.5% fee applies when claiming rewards to your main wallet. A fixed-term stake cannot be exited early — the lock is absolute, with no early-withdrawal option and no penalty route out.
9. Regulatory and regional risk
The legal treatment of digital assets differs by country and is changing. A change in law or policy could restrict your access to the Platform, to a particular asset or to a particular feature, at short notice. Access may be limited in some jurisdictions; see the restricted countries page.
LF Labs does not hold itself out as a licensed, regulated, audited or insured financial institution, and you should not assume the protections that come with those statuses apply here.
10. LF token risk
LF is the ecosystem token of the Lovely Legends platform. Its price can fall, including to zero, and its liquidity depends on the markets it is listed in. Holding LF is not an investment in LF Labs, confers no ownership, equity, dividend or governance right, and no future utility described anywhere on this site should be treated as promised until it is live.
11. Your responsibility
You are responsible for deciding whether trading digital assets is appropriate for you given your circumstances, for the accuracy of every instruction you submit, for the security of the accounts you sign in with, for your own tax position, and for complying with the law where you are. If you do not understand a risk on this page, do not take it.
Important
This is a summary of the principal risks, not an exhaustive list. It is not investment, tax or legal advice, and it is not a substitute for your own research or for professional advice. If you need advice, get it from someone qualified to give it in your jurisdiction.
Contact
If something on this page is unclear, ask before you deposit: support@lflabs.fund, or @john_lflabs on Telegram.
