• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Uniswap Governance Proposes Fee Routing for UNI Token Burns

chest

Uniswap governance is reviewing a proposal to route protocol fees from selected Optimism pools toward UNI token burns, aiming to strengthen the connection between trading activity and token economics.

user avatarGustavo Mendoza

Account Abstraction Set to Transform Crypto User Experience

chest

The introduction of account abstraction aims to address user experience issues in the crypto space, such as intimidating seed phrases and confusing gas fees, with a broader rollout planned for September 2026.

user avatarRajesh Kumar

Base and Optimism Collaborate on Native Account Abstraction for OP Stack

chest

Base and Optimism are collaborating to implement native account abstraction in the OP Stack, with testing currently live on Base Vibenet and a mainnet rollout scheduled for September 2026.

user avatarMiguel Rodriguez

Chainlink Transitions BUILD Program to Commercial Fee Agreements

chest

Chainlink is transitioning its BUILD program to focus on commercial fee agreements, potentially enhancing LINK's utility tied to paid services.

user avatarLuis Flores

Ripple Expands Its Ecosystem with UDAX Accelerator in Brazil

chest

Ripple has launched its UDAX accelerator program in Brazil to connect universities, researchers, and developers with the XRP Ledger ecosystem.

user avatarArif Mukhtar

Bank of Canada to Finalize Stablecoin Regulations by 2027

chest

The Bank of Canada is expected to finalize stablecoin regulations by 2027, which is vital for Coinbase's operations and expansion in Canada.

user avatarMaria Gutierrez

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.