Token transition and supply

In 2024, Orion Protocol was renamed Lumia and initiated a 1:1 exchange from ORN tokens to LUMIA tokens. This process involves the destruction of existing ORN tokens and the issuance of an equivalent amount of LUMIA tokens to holders. Token exchange is carried out through supported exchanges and wallets to ensure a smooth transition for users. This rebranding and token exchange are aimed at keeping the tokenomics aligned with Lumia's expansion in the decentralized finance (DeFi) space.

Total supply and distribution mechanism

The total supply of LUMIA tokens has increased from 92,631,255 ORN to 238,888,888 LUMIA. This expansion aims to support the growth of the project and provide enough tokens for various ecosystem activities. The allocation mechanism includes the following parts:

• Staking Rewards:Incentivize users to stake to support network security.
• Liquidity Provision:Encourage liquidity injection and enhance market liquidity.
• Development Fund:Support the continuous development and technological innovation of the project.
• Community Incentives:Inspire user participation in ecosystem activities and drive community development.

These allocation structures are designed to promote network security, encourage widespread participation, and provide financial support for the continued development of the project.

Function and Governance

LUMIA, as the native fuel token of the Lumia blockchain, is used to pay transaction fees and execute smart contracts. In addition, LUMIA holders can participate in governance by voting on proposals that affect the development and policy of the network. This dual function ensures that token holders are able to directly influence the direction and operation of the platform.

Lumia has implemented a staking mechanism where node operators need to stake LUMIA tokens to ensure network security and validate transactions. In return, they receive corresponding rewards based on the amount of staked tokens and their participation. This system incentivizes users to actively participate in maintaining the integrity and performance of the network. The staking mechanism also tightly aligns the interests of participants with the long-term success of the platform.

Economic Model and Incentive Measures

Liquidity providers contribute assets to the platform's liquidity pool and are rewarded with LUMIA tokens. The rewards are distributed based on the amount and duration of liquidity provided. Participants in the ecosystem, such as developers and users of dApps, may also receive incentives to promote ecosystem growth and adoption. These reward mechanisms are designed to encourage active participation and enhance the platform's utility.

To ensure long-term sustainability, Lumia employs a token burning mechanism where a portion of transaction fees are permanently removed from circulation. This deflationary strategy aims to increase the scarcity of tokens over time. Additionally, the platform focuses on continuous development and promotion to drive demand for LUMIA tokens. By balancing token supply with ecosystem growth, Lumia is committed to maintaining and enhancing token value for stakeholders.

Highlights

• Lumia transitions ORN tokens to LUMIA tokens at a 1:1 ratio, increasing the total supply to 238,888,888 to support ecosystem activities.
• As the native fuel token, LUMIA supports governance participation, enabling holders to influence network decisions.
• The staking mechanism incentivizes node operators to ensure network security and rewards are distributed based on their amount of staked tokens and participation.
• Liquidity providers and ecosystem participants are rewarded with LUMIA tokens to encourage active participation and enhance the platform's utility.
• Long-term sustainable strategies include token burning and continuous development to balance supply and demand and maintain token value.