Crypto Exchange Binance (BNB) Launches Earn Program for LUMIA Holders

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As a seasoned crypto investor with a knack for spotting promising projects and a portfolio that has weathered multiple market cycles, I find the recent announcement of LUMIA’s inclusion in Binance Earn program quite intriguing. The opportunity to earn up to 19.9% APR on my LUMIA holdings is certainly enticing, especially considering the minimum stake period of just 30 days.

Beginning October 24, 2024, holders of Lumia tokens on the Binance platform will have the opportunity to secure their tokens within the Binance Earn program to earn rewards. This news follows Binance’s recent support for Orion’s rebranding from ORN to LUMIA.

LUMIA debuts on Binance Earn with up to 19.9% in APR

As per the official announcement from Lumia (LUMIA), a groundbreaking blockchain specialized in RWA, its primary native cryptocurrency, LUMIA, has been incorporated into Binance’s Simple Earn platform. This means that all LUMIA holders now have the opportunity to participate in this program and potentially earn annual rewards of up to 19.9%.

📢 Exciting news! You can now find $LUMIA in the Binance Simple Earn Locked Products!

— Lumia (@BuildOnLumia) October 22, 2024

The APR available to LUMIA holders will vary according to the duration of their stake, with a minimum of 30 days required to earn an APR of 6.9%. 

As a researcher examining the Binance staking campaign, I’ve observed that the return rate increases significantly for users who stake their LUMIA tokens for specific periods. Specifically, for those who stake for 60 days, the return rate rises to 12.9%, and for users who stake for at least 90 consecutive days, the return rate escalates to 19.9%. Notably, during this campaign, Binance users can start staking with a minimum of 0.1 LUMIA tokens and a maximum of 25,000 tokens.

Beginning October 24th at 9:00 a.m. (UTC), the Binance Simple Earn program becomes active for LUMIA holders. This opportunity will remain available from now until March 21st, 2025, to both new and existing depositors.

The Lumia (LUMIA) developers want to remind users that their native token serves as the economic foundation for the blockchain, and it comes with various tools and functionalities within its own system.

Campaign follows token swap event for Lumia (LUMIA) network

The purpose of Binance Earn is to provide a platform for crypto enthusiasts to boost their income through participation in staking initiatives.

Mehmet, a key player at Lumia, is thrilled that his protocol’s token is now part of the Binance Earn program. He warmly welcomes everyone from our community who are interested or invested to jump on board!

Through Binance Simple Earn, current Lumia owners can generate returns on their investments while simultaneously inviting new users to discover the unique features and advantages of Lumia’s RWA chain. This initiative not only boosts awareness about the practical applications being developed for Lumia but also showcases its capacity to provide substantial liquidity drawn from a variety of centralized and decentralized platforms.

Binance’s move to introduce an Earn program for LUMIA owners is a consequence of their endorsement of the Lumia token swap event (TSE). This backing facilitated smooth access to the fresh token post the event, benefiting DeFi and Web3 users who can now effortlessly acquire LUMIA and commence experiencing the advantages of Lumia’s blockchain in handling tokenized Real World Assets (RWAs).

Lumia consists of two main components: the Lumia Chain, specifically developed for Real-World Assets (RWAs), and the Lumia Stream, which aims to introduce liquidity to assets that typically lack it within the RWA market.

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2024-10-22 19:50