On October 29, Xandeum will introduce its much-anticipated XAND token and launch its innovative storage-enabled liquid staking program, xandSOL LST. The event marks a significant milestone for Xandeum, a Solana-focused storage scaling solution that seeks to redefine how decentralized storage supports dapps and scaling on the Solana blockchain.
XAND Token Launch and Airdrop
The XAND token launch will begin at 16:00 UTC, opening new avenues for community members to engage with the Xandeum ecosystem. Alongside the launch, Xandeum will conduct its first airdrop, distributing 60 million XAND tokens to eligible users. Major exchanges, including Raydium and MEXC, are already on board to support this launch, enhancing accessibility for the broader crypto community.
DAO Governance and Staking Rewards
Xandeum’s ecosystem is powered by a DAO, granting XAND token holders complete governance rights over the platform’s storage solutions and staking mechanisms. Through the storage-enabled liquid staking platform, early stakers of SOL will earn significant rewards, receiving up to 10 times more XAND tokens during what Xandeum calls the “hyperdrive stage”—the period where the pool remains under 30,000 SOL. Additionally, the liquid staking platform leverages a multi-validator approach, providing stakers with programmatically distributed block rewards, a first on Solana.
Scaling Solutions for Data-Heavy Dapps
Beyond staking, Xandeum’s breakthrough lies in its scalable, smart contract-native storage layer, which is integrated directly with Solana RPC nodes. By offloading data storage to a network of decentralized pNodes, Xandeum offers Solana dapps nearly limitless storage capacity, supporting decentralized applications that require vast amounts of data. This functionality will enable decentralized versions of data-rich Web2 applications, such as the upcoming dapp, Xandipedia—a fully decentralized version of Wikipedia.
Xandeum’s innovative approach promises a new era of scalable, decentralized storage solutions within the Solana ecosystem, setting a new standard for blockchain data storage.
For further details, visit Xandeum.