CoinWorld News reports that Upbit has issued a risk warning regarding LumiWave (LWA). The LumiWave team conducted a voting on January 30 to February 5 on proposals related to network infrastructure and tokenomics for secondary governance, which has now been approved. Existing LWA tokens will be exchanged for the mainnet native token LWP at a 1:1 ratio. The supply mechanism of LWP adopts a halving model that adjusts rewards and issuance scale periodically over a two-year cycle, with an additional maximum issuance of 945,000,000 LWP planned within the first 6 years.

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