LCX Exchange employs a two-phase approach for introducing new tokens to its trading platform, designed to ensure market stability and orderly trading.
1. Post Only Mode
In this initial phase, only limit orders can be placed for newly listed tokens. No trades are executed during this period. This mode allows the order book to accumulate sufficient liquidity, facilitating price discovery and preparing the market for active trading. lcx.com
2. Trading Mode
Once the order book has gathered adequate limit orders, the exchange transitions to Trading Mode. In this phase, order matching and trade execution commence, enabling users to buy and sell the token actively.
This structured rollout ensures a stable trading environment by preventing abrupt price fluctuations and promoting fair market conditions.
