Orion

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-facilitates-orion-to-lumia-transition" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Facilitates Orion to Lumia Transition</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/binance-set-to-reveal-new-global-base" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> has officially confirmed its assistance in transitioning Orion (ORN) to Lumia (LUMIA) through a network upgrade. To facilitate this change, the exchange will remove ORN/<a href="https://en.bitcoinhaber.net/bitcoins-price-stability-challenged-by-market-fluctuations-and-etf-outflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> and ORN/<a href="https://en.bitcoinhaber.net/tethers-market-value-swells-by-over-5-billion" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a> trading pairs on October 15, 2024, at 06:00 UTC. All existing ORN spot trading orders will be canceled, with trading set to resume under the new LUMIA/USDT pair on October 18, 2024, at 12:00 UTC.</p>
<h2 id="how-will-deposits-and-withdrawals-be-managed">How will deposits and withdrawals be managed?</h2>
<p style="text-align: justify">On October 15, 2024, at 06:30 UTC, Binance will halt deposit and withdrawal services for ORN. Users are advised to finalize any ORN transactions before this deadline. LUMIA deposits will begin on October 18, 2024, at 11:00 UTC, rendering ORN withdrawals unsupported from that point onward.</p>
<p style="text-align: justify">Binance will handle the technical aspects of the transition and rebranding efforts, ensuring a smooth process. Notifications will be issued to inform users when LUMIA coin withdrawals commence. The total coin supply will see an increase from 92,631,255 ORN to 238,888,888 LUMIA.</p>
<h2 id="what-will-happen-to-trading-pairs-and-other-services">What will happen to trading pairs and other services?</h2>
<p style="text-align: justify">Following the transition, ORN will be traded as LUMIA, with a conversion rate of 1:1 for all ORN coins. On October 15, 2024, at 06:00 UTC, all ORN-related spot trading pairs will be eliminated, including ORN/BTC and ORN/USDT. Users should update or cancel their Trading Bot services accordingly.</p>
<p style="text-align: justify">Moreover, Binance Margin services for ORN will end on October 9, 2024, at 09:00 UTC. Users are advised to close margin positions or transfer assets to spot wallets. Binance will not be liable for any incurred losses during this phase.</p>
<p style="text-align: justify">The rebranding and transition will also extend to other Binance services like Simple Earn, Binance Loans, and Auto-Invest. LUMIA will be incorporated into these services from October 18, 2024, onwards.</p>
<p style="text-align: justify">This strategic transition aligns with Binance’s continuous efforts to adapt to the evolving cryptocurrency landscape, managing both technological and financial requirements efficiently while minimizing potential disruptions for its users.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/binance-facilitates-orion-to-lumia-transition" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Facilitates Orion to Lumia Transition</a></h5>

Binance Facilitates Orion to Lumia Transition

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