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

Lido DAO Completes Significant Governance Package

Lido DAO has successfully executed Aragon Vote 205, implementing key governance changes.

user avatarArif Mukhtar

Aave Moves Closer to Adding Ethena's USDe to V4 Core Market

Aave is progressing towards the integration of Ethena's USDe into its V4 core market on Avalanche after a risk review.

user avatarMaria Gutierrez

Aave Governance Considers Adding Regulated Euro Stablecoin EURCV

Aave governance is evaluating the proposal to add the regulated euro stablecoin EURCV to its Ethereum market.

user avatarDavid Robinson

Aave Governance Considers Increasing Loan-to-Value Ratios for Major Assets

Aave governance is considering a proposal to increase loan-to-value and liquidation threshold parameters for major collateral assets.

user avatarAndrew Smith

GPT6 Sol Shows Superior Performance in Benchmark Tests

GPT6 Sol has demonstrated superior performance in various benchmark tests compared to its competitors, including Anthropic's Claude Opus 5.

user avatarZainab Kamara

Arbitrum DAO Considers Grant Bans for Three Projects

The Arbitrum DAO is evaluating a proposal to ban three projects, Good Entry, Limitless, and APX Finance, from receiving future grants due to serious issues identified by its Watchdog program.

user avatarJacob Williams

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.