Binance to Support Lumia's Token Swap Event
Binance has officially announced its support for the upcoming Token Swap Event (TSE) for Lumia, which has now been scheduled. This decision will facilitate ORN holders in seamlessly transitioning to the new Lumia token (LUMIA), with the tokens being automatically credited to their Binance accounts after the swap. To ensure a smooth process, Binance will temporarily suspend ORN deposits and withdrawals ahead of the event, with a 1:1 swap ratio for ORN to LUMIA.
The Lumia TSE represents a crucial milestone before the launch of the new blockchain. Binance's involvement will streamline coordination, offering a centralized platform that is well-prepared to manage the swap. While ORN holders are not obligated to use Binance for the exchange, many are likely to prefer this route due to its convenience.
Deposits and withdrawals for ORN will be halted on October 15 at 03:30 UTC, with LUMIA deposits expected to commence on October 18 at 08:00 UTC. ORN holders can rest assured that the swap process will be automated by Binance, and the total supply of the new LUMIA token will be 239 million.
The LUMIA token will play a vital role in network governance, featuring a deflationary mechanism to align incentives between HyperNode operators and network users. It will serve as the chain's native gas token, necessary for accessing premium features, and may also lead to potential airdrops from other projects launching on Lumia.
đžLooking Ahead to Mainnet Launch
Once the token swap is completed, LUMIA holders will eagerly anticipate the mainnet launch of Lumia Chain. This follows a successful HyperNode sale that garnered significant community interest. Node operators who validate transactions on Lumia will be rewarded, contributing to the various use cases for the LUMIA token.
Lumia has already secured numerous ecosystem partners committed to supporting its testnet and forthcoming mainnet. Positioned to create a scalable blockchain that integrates tokenized real-world assets (RWAs) and DeFi, Lumia aims to tap into the projected trillion-dollar market for on-chain RWAs over the next decade.
With its focus on deep liquidity, capital efficiency, and a robust framework for security token trading, Lumia is set to become a hub for RWA activity. However, first, the token swap must be executed, followed by the launch of the new chain.
đžAbout Lumia
Lumia is pioneering a next-generation modular Layer 2 solution designed to deliver deep liquidity, exceptional capital efficiency, and essential infrastructure for the future of DeFi and Real-World Assets (RWAs). By bridging physical assets with digital finance, Lumia aims to make tokenized assets easily accessible on the blockchain, driving the next evolution of finance.
