> For the complete documentation index, see [llms.txt](https://leverix.gitbook.io/leverix/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://leverix.gitbook.io/leverix/token/lvx-token-utility.md).

# LVX token utility

Tier, Buyback, Discount, Burn

### What utility does the LVX token have:

* Every 1% leverage service on the Leverix platform buys back the LVX token
* Leverage service renewal favorite to pay in LVX token
* Seasonal token burning
* A tier system that requires users to hold LVX tokens to use the full potential of the platform