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description: Tier, Buyback, Discount, Burn
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# LVX token utility

### 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



