Xandeum Confirms Details of Its Forthcoming Token Launch and Storage-Enabled Liquid Staking Program

Solana storage scaling solution Xandeum has confirmed details of its forthcoming token launch and storage-enabled liquid staking program.

Solana storage scaling solution Xandeum has unveiled details of its upcoming token launch and storage-enabled liquid staking program. The XAND token will launch on October 29 at 16:00 UTC, giving the Xandeum community a way to participate in the network and earn rewards.

The XAND token and LST launch will also see the first Xandeum airdrop, with 60M tokens being distributed to eligible users on October 29. Several centralized and decentralized exchanges will support the XAND token launch, including Raydium and MEXC.

The Xandeum DAO governs both the Xandeum scalable storage layer, which is currently being built, and the storage-enabled liquid staking solution launching October 29. The DAO encompasses both, which is unique among such platforms. The XAND token offers complete governance over that DAO, making XAND one of the most utility-rich tokens on Solana.

XAND Rewards for Early Stakers of SOL into the Storage-Enabled Liquid Staking Platform will Get 10x Boosted XAND Rewards, Resulting in Ludicrous Amounts of XAND Rewards During the Hyperdrive Stage (Defined as the Stage When the Pool Has Less Than 30,000 SOL Staked). The LST also introduces another major innovation: it is the first multi-validator LST on Solana that programmatically shares block rewards.

Xandeum’s upcoming storage solution will enable Solana programs to scale by allowing dapps to access exabytes of data. This will enable new use cases, such as porting data-rich Web2 apps to fully decentralized Web3 versions. Xandeum solves the blockchain storage trilemma by being scalable, random access, and smart contract native at the same time. To showcase these capabilities, a dapp called Xandipedia is being developed - a fully decentralized version of Wikipedia.

Scalable Smart Contract Native Storage Layer from Xandeum is designed to integrate directly into Solana RPC nodes. A network of decentralized pNodes (storage provider nodes) overseen by Xandeum-aware Solana validator nodes will handle data storage. This will allow Solana dapps to access virtually unlimited storage, which can be queried rapidly and maintains a high degree of decentralization.

About Xandeum

Solana storage scaling solution and the world’s first storage-enabled liquid staking platform are both Xandeum. Xandeum, which is powered by the XAND token, is preparing to launch its storage provider network in early 2025, offering a game-changing decentralized Solana storage solution that will propel a new generation of dapps.

Contact

Founder Bernie Blume

hello@xandeum.com