September 30, 2024 \u2013 Cayman Islands, Cayman Islands<\/span><\/em><\/p>\n Binance\u2019s decision to support the swap will enable ORN holders to access the new Lumia<\/a> token (LUMIA) that will be credited to their Binance accounts automatically following the upgrade.<\/p>\n Binance will also halt withdrawals and deposits ahead of the upgrade to ensure the process is completed seamlessly. ORN to LUMIA tokens will be swapped on a one-to-one basis.<\/p>\n The Lumia TSE is one of the final key deliverables to be ticked off before the new chain can proceed with its launch.<\/p>\n Binance\u2019s decision to support the event will significantly aid coordination, providing a centralized platform that\u2019s well equipped for overseeing the process.<\/p>\n While there is no obligation for ORN holders to utilize Binance<\/a> in order to have their balances swapped for LUMIA, it will form the preferred route for many on account of its convenience.<\/p>\n On October 15, 2024, at 08:30 p.m. PST, Binance will suspend ORN deposits and withdrawals before conducting the TSE.<\/p>\n It will then enable LUMIA deposits on October 18, 2024, at 1:00 a.m. PST.<\/p>\n While ORN holders don\u2019t need to concern themselves with the details \u2013 <\/span>since Binance will automate everything \u2013 <\/span>it\u2019s worth noting that the LUMIA token will have a new supply<\/a> of 239 million.<\/p>\n The new LUMIA token will be used to support network governance, while a deflationary mechanism built in should ensure that long-term incentives between HyperNode operators and network users are aligned.<\/p>\n Aside from being used as the chain\u2019s native gas token, LUMIA will also be required to access premium features \u2013 <\/span>and there is also talk of holders being airdropped tokens by other projects launching on Lumia.<\/p>\n Following completion of the token swap, LUMIA holders will be eagerly looking forward to the mainnet launch of Lumia Chain \u2013 <\/span>and they shouldn\u2019t have long to wait.<\/p>\n The impending mainnet deployment follows on from a successful HyperNode sale that attracted strong community interest.<\/p>\n Node operators who validate transactions on Lumia will be able to earn network rewards, which will form one of the multiple use cases engineered for the LUMIA token.<\/p>\n Having already won over a string of ecosystem partners, who have committed to supporting the current testnet and subsequent mainnet, Lumia has all the tools in place to fulfill its pledge of creating a scalable chain where tokenized RWAs<\/a> and DeFi<\/a> can coexist.<\/p>\n Given that on-chain RWAs (real-world assets) are predicted to become a trillion-dollar industry in the next decade, it\u2019s easy to see the bull case for Lumia and its eponymous token if it can capture even a slice of this action.<\/p>\n The combination of deep liquidity and optimum capital efficiency \u2013 <\/span>plus the availability of compliant frameworks to support security token trading \u2013 <\/span>means Lumia has all the ingredients in place to become a hub of RWA activity.<\/p>\n Before all that can occur, however, there\u2019s a token swap to complete, and then the new chain to launch.<\/p>\n Lumia is the world\u2019s first next-gen modular layer two designed with deep liquidity, unmatched capital efficiency and essential infrastructure for the future of DeFi, and specifically RWAs.<\/p>\n Lumia bridges the gap between physical assets and digital finance, making tokenized assets easily accessible on the blockchain \u2013 <\/span>pioneering the next evolution of finance.<\/p>\n Learn more at the website<\/a>.<\/p>\n Lumia Foundation<\/a><\/p>\n Follow Us on Twitter<\/a> Facebook<\/a> Telegram<\/a><\/span><\/p>\n
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Binance has confirmed it will support Lumia\u2019s imminent TSE (token swap event) and it has now been scheduled.<\/h5>\n<\/blockquote>\n
Token swap approaches as Lumia prepares to launch<\/strong><\/h5>\n
RWAs and DeFi on a dedicated layer<\/strong><\/h5>\n
About Lumia<\/strong><\/h5>\n
Contact<\/strong><\/h5>\n
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