Binance Confirms Support for Lumia Token Swap

user avatar

by Giorgi Kostiuk

2 years ago

Binance has confirmed its participation in the upcoming Lumia Token Swap Event (TSE), which has been scheduled for the near future.

ORN to LUMIA Token Swap

Binance will support the migration of ORN tokens to new LUMIA tokens, which will be automatically credited to users' Binance accounts following the upgrade. In preparation, Binance will halt ORN withdrawals and deposits several days ahead of the swap to ensure a seamless process. Tokens will be swapped on a 1:1 basis.

Preparing for Lumia Chain Launch

On October 15 at 03:30 UTC, Binance will suspend ORN deposits and withdrawals before conducting the TSE. LUMIA deposits will then be enabled on October 18 at 08:00 UTC. The new token will support network governance, with a deflationary mechanism to align long-term incentives between HyperNode operators and network users.

RWAs and DeFi on a Dedicated Layer

After the token swap, LUMIA holders will be looking forward to the mainnet launch of Lumia Chain. The successful HyperNode sale has generated strong community interest, creating multiple use cases for LUMIA tokens. The Lumia ecosystem will support tokenized RWAs and DeFi, making it an ideal platform for these activities.

Before Lumia can realize its ambitions, it needs to complete the token swap and launch the new chain. Looking ahead, Lumia aims to become a key hub for RWA and DeFi activities, providing the necessary liquidity and capital efficiency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Blockchain.com and NYSE Join Forces to Launch Tokenized Trading Platform

Blockchain.com and the New York Stock Exchange have signed an agreement to develop a platform for trading tokenized US stocks and ETFs.

user avatarLeo van der Veen

Circle Launches StableFX for Onchain Foreign Exchange

Circle has launched StableFX, a service for institutions to exchange stablecoin-denominated currencies on its blockchain, Arc, enabling 24/7 currency exchanges and improving foreign exchange efficiency.

user avatarLi Weicheng

TLDR Strategy Enhances Financing Framework for Future Activities

TLDR Strategy has updated its securities paperwork to maintain its at-the-market financing capacity, crucial for future funding activities.

user avatarAisha Farooq

WisdomTree Advances Regulatory Framework for Tokenized Funds

WisdomTree has updated its registration materials for tokenized investment products, focusing on the legal framework necessary for their distribution.

user avatarTenzin Dorje

CleanSpark Surpasses 10,500 BTC in Bitcoin Reserves

CleanSpark has achieved a significant milestone by increasing its Bitcoin reserves to over 10,500 BTC, reflecting a strategic shift in its operational model.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.