On October 29, Xandeum will introduce its much-anticipated XAND token and launch its modern storage-enabled liquid staking program, xandSOL LST. The occasion marks a major milestone for Xandeum, a Solana-focused storage scaling answer that seeks to redefine how decentralized storage helps dapps and scaling on the Solana blockchain.
XAND Token Launch and Airdrop
The XAND token launch will start at 16:00 UTC, opening new avenues for neighborhood members to interact with the Xandeum ecosystem. Alongside the launch, Xandeum will conduct its first airdrop, distributing 60 million XAND tokens to eligible customers. Main exchanges, together with Raydium and MEXC, are already on board to help this launch, enhancing accessibility for the broader crypto neighborhood.
DAO Governance and Staking Rewards
Xandeum’s ecosystem is powered by a DAO, granting XAND token holders full governance rights over the platform’s storage options and staking mechanisms. By way of the storage-enabled liquid staking platform, early stakers of SOL will earn vital rewards, receiving as much as 10 occasions extra XAND tokens throughout what Xandeum calls the “hyperdrive stage”—the interval the place the pool stays beneath 30,000 SOL. Moreover, the liquid staking platform leverages a multi-validator strategy, offering stakers with programmatically distributed block rewards, a primary on Solana.
Scaling Options for Information-Heavy Dapps
Past staking, Xandeum’s breakthrough lies in its scalable, good contract-native storage layer, which is built-in instantly with Solana RPC nodes. By offloading knowledge storage to a community of decentralized pNodes, Xandeum gives Solana dapps almost limitless storage capability, supporting decentralized functions that require huge quantities of knowledge. This performance will allow decentralized variations of data-rich Web2 functions, such because the upcoming dapp, Xandipedia—a completely decentralized model of Wikipedia.
Xandeum’s modern strategy guarantees a brand new period of scalable, decentralized storage options inside the Solana ecosystem, setting a brand new commonplace for blockchain knowledge storage.
For additional particulars, go to Xandeum.
