# Utility

**$PLX Utilities**

Trading Credits: $PLX serves as a currency for traders to use on the trading platform.

Exclusive Access: Some assets and trading conditions may require $PLX for exclusive entry, enhancing its demand.

Staking: Traders have the option to stake their $PLX, earning rewards or bonuses in return.

Rewards: $PLX becomes a primary vehicle for distributing rewards, cashbacks, and promotional offers.

Exchangeability: Traders can convert $PLX into other cryptocurrencies or fiat, contingent on prevailing market conditions.

Reduced Trading Fees: $PLX holders will receive significant discounts on trading fees. Refer to the table provided below to observe the corresponding reduction in trading fees for each value bracket of $PLX holdings.

| PLX Holdings (USD) | Trading Fee Discount |
| ------------------ | -------------------- |
| $1,000,000         | 75%                  |
| $500,000           | 60%                  |
| $250,000           | 50%                  |
| $100,000           | 40%                  |
| $50,000            | 30%                  |
| $10,000            | 10%                  |
| $1,000             | 5%                   |

**Ensuring Price Stability and Growth Mechanisms**

Backed by Pullix Profits: A segment of our earnings between 10%-30% will support the $PLX token, ensuring stability and potential growth.

Token Burn: Introducing periodic token burns can decrease the circulating supply, potentially enhancing scarcity and value.

Limited Supply: The fixed supply of $PLX tokens prevents unchecked inflation, safeguarding the token's value.

**Token Security and Compliance**

Scheduled Audits: Routine audits will be conducted on the $PLX smart contract and the overall token flow to maintain security and transparency.

Regulatory Compliance: The design of $PLX will adhere to the crypto regulations in diverse jurisdictions, guaranteeing widespread acceptance.

Network Launch: Following the network launch, the Liquidity Pool will be locked for a 24-months period to provide assurance to holders.