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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

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.