Solana storage scaling solution Xandeum has confirmed
details of its forthcoming token launch and storage-enabled liquid staking
program. On October 29, 16:00 UTC, the XAND token will officially launch,
offering the Xandeum community a way to participate in the network and earn
rewards.
The XAND token and LST launch will be accompanied by the
first Xandeum airdrop that will see 60M tokens issued to eligible users on
October 29. A number of centralized and decentralized exchanges have committed
to supporting the XAND token launch including Raydium and MEXC.
The Xandeum DAO is the vehicle that powers both the Xandeum
scalable storage layer that is currently being built, as well as the
storage-enabled liquid staking solution launching October 29. The DAO captures
both of these, which is a unique feature among such platforms. The XAND token
offers complete governance over that DAO, which makes 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 which will result 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 carries another major innovation:
It is the first multi-validator LST on Solana that programmatically shares
block rewards.
Xandeum’s forthcoming storage solution will allow Solana
programs to scale through enabling dapps to access exabytes of data. This will
support new use cases, like porting data-rich web2 apps to fully decentralized
web3 versions. Xandeum solves the blockchain storage trilemma, being scalable,
random access, and smart contract native at the same time. In order to
demonstrate these capabilities, a dapp named Xandipedia is being worked on – a
fully decentralized version of Wikipedia.
Xandeum’s smart contract native scalable storage layer has
been designed to integrate directly into Solana RPC nodes. Data storage is
offloaded to a network of decentralized pNodes (storage provider nodes)
overseen by Xandeum-aware Solana validator nodes. This will enable Solana dapps
to access virtually unlimited storage that can be queried rapidly while
maintaining a high degree of decentralization.
About Xandeum
Xandeum (https://www.xandeum.network) is a storage scaling
solution for Solana and the world’s first storage-enabled liquid staking
platform. Powered by the XAND token, Xandeum is on track to launch its storage
provider network in early 2025, delivering a breakthrough in decentralized
Solana storage that will power a new wave of dapps.