Cryptocurrency Loopex Token (XLP) is a digital asset integrated into the Loopex platform to provide improved trading conditions. By paying with XLP, user receives a 50% discount on all trading transactions. If the user has 400,000 XLP or more on his exchange account, VIP status will be assigned to him automatically. Trading on the Loopex platform is free of charge for VIP clients.
Other than that, users can automatically convert small, unusable for trading amounts of cryptocurrencies into XLP tokens, which in turn are used for payment of commission fees and for trading in various pairs. The price of the XLP token during automatic conversion is tied to its market price.