The post Binance Launches Simple Earn Campaign for LUMIA Token with Rewards up to 19.9% APR appeared on BitcoinEthereumNews.com.

RWA blockchain Lumia has announced that major cryptocurrency exchange Binance is launching an Earn campaign for LUMIA holders. Through staking on Binance, the endeavor will allow holders of the new LUMIA token to get extra rewards. On October 24 at 9:00 (UTC), the Binance Simple Earn program for LUMIA holders will go live. Holders will earn rewards of up to 19.9% APR if they stake their LUMIA via Binance throughout the campaign. The campaign is scheduled to conclude on March 21, 2025. The APR that LUMIA holders may get will change based on how long they have staked; in order to receive an APR of 6.9%, they must have staked for at least 30 days. For 60 days, this increases to 12.9%, and for customers who stake for at least 90 days in a row, it climbs to 19.9%. During the campaign, Binance users may invest up to 25,000 tokens, with a minimum of 0.1 LUMIA. The purpose of Binance Earn is to enable cryptocurrency users to take part in staking programs and boost their profits. As a result, blockchain communities may keep their preferred assets and get additional rewards in tokens. In Lumia’s chain for RWAs, the LUMIA token performs many crucial roles, including governance and node rewards. Mehmet, Core Contributor at Lumia, said: “The Binance Simple Earn program will give existing LUMIA holders an opportunity to earn yield on their assets while incentivizing new users to explore the features and benefits of Lumia’s RWA chain. In the process, it will raise awareness of the use cases being engineered for Lumia and its ability to deliver deep liquidity procured from a range of centralized and decentralized sources.” Following its official support of the Lumia token swap event (TSE), Binance has decided to provide an Earn program for LUMIA holders. This made it simpler for DeFi and…

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Filed under: News - @ October 23, 2024 12:15 am