Bitget Will Support the Orion (ORN) Token Swap and Rebranding to Lumia (LUMIA)

Bitget will support the Orion (ORN) token swap and rebranding to Lumia (LUMIA).

 

Details of the timeline are as follows:

• Deposit and withdrawal services of ORN will be suspended on 15 October 2024, 4:30 (UTC).

• On 15 October 2024, 4:00 (UTC), Bitget will delist the ORN/USDT spot trading pair and cancel all pending spot trade orders.

• ORN tokens will assume the ticker of LUMIA on Bitget after token swap (i.e., 1 ORN = 1 LUMIA). 

• Recover all ORN balances and begin the distribution of LUMIA to all eligible users at a ratio of 1:1.

• The new LUMIA contract address is as follows:

• ERC20 : 0xD9343a049D5DBd89CD19DC6BcA8c48fB3a0a42a7

 

Please note: 

• Bitget will no longer support deposits of ORN tokens after the token swap.

• We will inform users in a separate announcement when the deposit, withdrawal and trading services for LUMIA are available, following the completion of the token swap exercise.

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

 

For more details, please refer to the following: 

Project Tokenomics

Project Announcement

 

Spot Margin

Suspension borrowing and lending features

Bitget has closed the borrowing and lending of ORN/USDT.

Positions will be closed and liquidated, and the trading feature will be unavailable

Bitget will automatically close the positions of users who still hold positions in ORN/USDT at 03:00 on October 15, 2024 (UTC)., cancel all pending orders in the margin accounts for ORN/USDT, and liquidate any outstanding liabilities of users. Margin trading services of the relevant trading pairs will be closed. Assets related to the relevant trading pairs will be transferred to the spot account automatically.

Users are strongly advised to close positions, withdraw orders, repay loans, and transfer funds related to the relevant pairs beforehand to avoid any potential losses. For Cross-margin, your position of all the tokens may be liquidated to transfer delisted tokens to spot account.

 

Spot trading bots

To improve user experience, the following trading pair will be removed from Bitget spot trading bots on October 15, 4:00 AM (UTC):

ORN/USDT

 

Note:

• After removal, the system will automatically cancel any pending orders and return the relevant assets to your account.

• Users will be unable to create any new bots with the delisted trading pairs.

• Users will no longer be able to publish running bots with the delisted trading pairs to the Recommended section of the bot copy trading page.

Bots with the delisted trading pairs that are listed in the Recommended section of the bot copy trading page will be removed.

Users are strongly advised to terminate bots with this active trading pair to avoid any potential losses. Thank you for your support and understanding!

 

Disclaimer

Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.Thank you for supporting Bitget!

  

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