The post Orion Protocol (ORN) Migrates to Lumia (LUMIA) Token appeared on BitcoinEthereumNews.com.

In a significant development within the cryptocurrency ecosystem, Orion Protocol (ORN) has officially migrated to its new native token, Lumia (LUMIA). The announcement was made by Coinbase Assets on X, indicating a strategic shift aimed at enhancing the protocol’s functionality and user experience. This migration necessitates users to actively engage with Lumia’s official migration portal and utilize compatible self-hosted wallets, such as Coinbase Wallet, to complete the token swap.   Introduction to Orion Protocol and Lumia What is Orion Protocol? Orion Protocol is a leading decentralized finance (DeFi) platform that aggregates liquidity from various exchanges, providing users with seamless access to trading, staking, and other financial services. Established to bridge the gap between centralized exchanges and decentralized applications, Orion Protocol aims to offer a unified and efficient trading experience for cryptocurrency enthusiasts and institutional investors alike. Introduction to Lumia (LUMIA) Lumia (LUMIA) is the newly introduced native token of Orion Protocol, designed to enhance the platform’s governance, utility, and incentivization mechanisms. The migration from ORN to LUMIA is part of Orion’s broader strategy to optimize its ecosystem, ensuring greater scalability, improved transaction speeds, and enhanced security features.   Details of the Migration Official Announcement On October 21, 2024, Coinbase Assets announced via X that Orion Protocol has successfully migrated to the Lumia token. This strategic move is intended to bolster the platform’s capabilities and provide users with a more robust and versatile token that aligns with Orion’s long-term vision. Migration Process Unlike some token migrations that are handled by exchanges, Coinbase has clarified that it will not manage the migration process for users. Instead, individuals holding ORN tokens are required to perform the swap independently by following these steps: Access Lumia’s Official Migration Portal: Users must visit Lumia’s designated migration portal, accessible through the official Orion Protocol website or direct…

---

Filed under: News - @ October 22, 2024 6:19 am