We are happy to announce the listing of $LUMIA. Starting on Wednesday, 6th November, 2024, at 10 AM CET. LCX Exchange will support the $LUMIA Deposits will start on – Wednesday, 6th November, 2024, at 10 AM CET. The trading pair $LUMIA / EUR will be listed.
What is $LUMIA?
LUMIA is designed to be the cornerstone of the Lumia network, offering enhanced utility and aligning with our vision for a comprehensive RWA and DeFi platform which will leverage its unique technology to create the ultimate home for open finance.
LUMIA Token Utility
LUMIA will serve multiple critical functions within the Lumia ecosystem:
Native Gas Token: LUMIA will be used to pay transaction fees on the Lumia L2 network, ensuring efficient and cost-effective operations. The chain itself inherits EIP
Governance: LUMIA token holders will have the power to participate in certain decision-making processes for the Lumia software platform only, voting on key protocol upgrades and parameter changes. By locking up LUMIA tokens, users can obtain veLUMIA (vote-escrowed LUMIA), which allows expanded participation and can award potential reward boosters.
Node Staking: LUMIA will be used for staking in network nodes, allowing token holders to contribute to network security and earn rewards.
Liquidity Provision: LUMIA tokens can of course be used in liquidity pools across the Lumia ecosystem, allowing active participation in the network’s overall liquidity provision mechanisms which may incur in extra pool rewards and further advantages.
Access to Premium Features: Holding LUMIA may grant access to premium features or reduced fees on the Lumia network as well future partners and ecosystem airdrops.
Users can sign up for an LCX Account here
Start Trading $LUMIA
Launch LCX ExchangeDeposits: Deposits open on Wednesday, 6th November, 2024, at 10 AM CET
Pair Listing Details:
$LUMIA /EUR starting on Friday, 8th November, 2024, at 10 AM CET
How to deposit $LUMIA?
Go to LCX Accounts > Wallet
Scroll down to $LUMIA.
Click on the “Deposit” tab next to $LUMIA.
Your deposit address will be displayed on the screen.
Send $LUMIA to this address.
Important Note:
Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.
Also Read: How to Buy $MIN?
