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

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

MEXC Launches 'WE SEE YOU' Campaign to Highlight Individual Traders

MEXC has launched a new brand identity focused on the philosophy 'WE SEE YOU', emphasizing the importance of individual traders behind accounts.

user avatarFilippo Romano

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.