According to the Orion (ORN) project team, Orion (ORN) tokens will be migrated to Lumia (LUMIA) at a ratio of 1 : 1. Gate will facilitate this migration and provide seamless token swap services for users. If you currently hold Orion (ORN) on Gate, no action is required on your part.
Details:
- Users with ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. From October 18, 2024, 08:00 UTC, the ORN_USDT futures trading market will switch to a "Reduce-only" mode.
- On October 19, 2024, 08:00 UTC,Gate will automatically settle open positions at the average index price in the half-hour before the futures trading stops. Any outstanding orders will be canceled automatically. Users with open positions in the futures market should adjust your strategies and close positions before October 19, 2024, 08:00 UTC to avoid automatic settlement.
- Starting from October 20, 2024, 06:00 UTC, Gate will suspend the deposit, withdrawal, and trading services for Orion (ORN), including ORN_USDT and ORN_ETH spot trading pairs, as well as quant grid trading
- Users with ongoing quant grid trading of Orion (ORN) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before October 20, 2024, 06:00 UTC.
- New Lumia (LUMIA) Token ID: 0xD9343a049D5DBd89CD19DC6BcA8c48fB3a0a42a7 (ERC-20)
Please note that after this token migration, the tokenomics of LUMIA changed, with the total supply of tokens increasing from 92,631,255 ORN to 238,888,888 LUMIA. Gate will no longer support the old Orion (ORN) tokens. The listing time for Lumia (LUMIA) will be announced separately after Gate completes the listing review.
Official Source: https://orion.xyz/lumia/
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Gate Team
Oct 17th, 2024
