Binance (BNB) Introduces New Earning Opportunity for Holders of LUMIA Tokens

Commencing on October 24, 2024, Binance’s BNB platform will offer LUMIA token proprietors the opportunity to secure their assets within the Binance Earn facility, earning dividends in return. This initiative follows the rebranding of Orion (ORN) to Lumia (LUMIA), an adoption that Binance has openly endorsed.

New Opportunity for LUMIA on Binance Earn: Earn up to 19.9% APR

The leading-edge RWA-dedicated blockchain, Lumia (LUMIA), has officially launched its native digital currency, LUMIA, within the Binance Simple Earn feature. LUMIA investors are invited to partake and garner up to 19.9% yearly profits.

The APR for LUMIA enthusiasts is contingent upon the stake period, initiating at 6.9% for a 30-day lock-up. Committing to 60 days increases the APR to 12.9%, with a peak rate of 19.9% for those who stake for a continuous period of 90 days or more. The campaign permits a minimal stake of 0.1 LUMIA and a ceiling of 25,000 tokens.

Binance will activate the Simple Earn advantage for LUMIA on October 24 at 9:00 a.m. UTC, maintaining the promotion until March 21, 2025, and open to both new and existing Binance participants.

The LUMIA team emphasizes the token’s strategic importance within the ecosystem, functioning as the economic basis for the Lumia blockchain.

Post-Token Swap, Binance Enlists LUMIA for Earn Program

The Binance Earn utility is devised to maximize cryptocurrency holders’ yields through staking opportunities.

A proponent from Lumia, Mehmet, heralds the integration of the LUMIA token into the Binance Earn scheme, encouraging the community and investors to engage:

By introducing the Binance Simple Earn program, not only can current holders of LUMIA benefit from potential yields on their holdings, but it also entices new individuals to discover the Lumia RWA-focused ecosystem. This development will broaden the recognition of Lumia’s applications and its prowess in supplying comprehensive liquidity from multiple centralized and decentralized outlets.

Binance’s decision to unveil an Earn plan for LUMIA holders came on the heels of its backing of the Lumia token swap event (TSE), facilitating Binance’s community in the effortless procurement of the new tokens post-event. This move is aimed at simplifying the entry for DeFi and Web3 users into Lumia’s ecosystem, particularly regarding the tokenization of real-world assets (RWAs).

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Within the Lumia ecosystem exists the Lumia Chain, crafted specifically for RWAs, and the Lumia Stream, which aims to inject liquidity into traditionally non-liquid RWAs.