[PRESS RELEASE – Las Vegas, United States, October 29th, 2024]
Xandeum, the Solana storage scaling answer, has confirmed particulars of its upcoming token launch and storage-enabled liquid staking program. On October twenty ninth at 16:00 UTC, the XAND token might be formally launched, giving the Xandeum neighborhood a approach to take part within the community and earn rewards.
The launch of XAND tokens and LST might be accompanied by the primary Xandeum airdrop, the place 60 million tokens might be issued to eligible customers on October twenty ninth. Plenty of centralized and decentralized exchanges are working to assist the launch of XAND tokens, together with Raydium and MEXC.
Xandeum DAO is a approach to energy each the Xandeum scalable storage layer that we’re at present constructing and the storage-enabled liquid staking answer that can launch on October twenty ninth. DAO captures each of those. It is a distinctive characteristic amongst such platforms. The XAND token offers full governance over the DAO, making XAND some of the utility-rich tokens in Solana.
XAND will reward early stakers of SOL on its storage-enabled liquid staking platform. https://stake.xandeum.network Incomes 10x boosted XAND rewards will earn you a ridiculous quantity of XAND rewards in the course of the Hyperdrive stage, which is outlined as a stage the place the pool’s staking is lower than 30,000 SOL. LST additionally has one other main innovation. That is the primary multi-validator LST on Solana to share block rewards programmatically.
Xandeum’s upcoming storage answer will enable Dapps to scale Solana packages by giving them entry to exabytes of information. This helps new use circumstances, equivalent to porting a data-rich Web2 app to a totally decentralized Web3 model. Xandeum solves the trilemma of blockchain storage whereas being scalable, random entry, and sensible contract native. To reveal these capabilities, a dapp named Xandipedia, a totally decentralized model of Wikipedia, has been developed.
Xandeum’s sensible contract-native scalable storage layer is designed to combine instantly into Solana RPC nodes. Knowledge storage is offloaded to a community of distributed pNodes (storage supplier nodes) monitored by Xandeum-enabled Solana validation nodes. This provides Solana dapps entry to just about limitless storage that may be shortly queried whereas sustaining a excessive diploma of decentralization.
About Zandium
Xandeum is a storage scaling answer for Solana and the world’s first storage-enabled liquid staking platform. Powered by the XAND token, Xandeum is on observe to launch its storage supplier community in early 2025, delivering a breakthrough in decentralized Solana storage that can energy a brand new wave of DAPPs.
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