Xandeum Confirms XAND Token Launch and xandSOL LST for October 29

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Las Vegas, United States, October twenty ninth, 2024, Chainwire

Solana storage scaling answer Xandeum has confirmed particulars of its forthcoming token launch and storage-enabled liquid staking program. On October 29, 16:00 UTC, the XAND token will formally launch, providing the Xandeum neighborhood a technique to take part within the community and earn rewards.

The XAND token and LST launch shall be accompanied by the primary Xandeum airdrop that can see 60M tokens issued to eligible customers on October 29. Various centralized and decentralized exchanges have dedicated to supporting the XAND token launch together with Raydium and MEXC.

The Xandeum DAO is the car that powers each the Xandeum scalable storage layer that’s presently being constructed, in addition to the storage-enabled liquid staking answer launching October 29. The DAO captures each of those, which is a novel function amongst such platforms. The XAND token presents full governance over that DAO, which makes XAND probably the most utility-rich tokens on Solana.

XAND rewards for early stakers of SOL into the storage-enabled liquid staking platform at https://stake.xandeum.community will get 10x boosted XAND rewards which can lead to ludicrous quantities of XAND rewards in the course of the hyperdrive stage, outlined because the stage when the pool has lower than 30,000 SOL staked. The LST additionally carries one other main innovation: It’s the first multi-validator LST on Solana that programmatically shares block rewards.

Xandeum’s forthcoming storage answer will permit Solana packages to scale via enabling dapps to entry exabytes of knowledge. It will assist new use instances, like porting data-rich web2 apps to totally decentralized web3 variations. Xandeum solves the blockchain storage trilemma, being scalable, random entry, and good contract native on the identical time. In an effort to show these capabilities, a dapp named Xandipedia is being labored on – a totally decentralized model of Wikipedia.

Xandeum’s good contract native scalable storage layer has been designed to combine immediately into Solana RPC nodes. Information storage is offloaded to a community of decentralized pNodes (storage supplier nodes) overseen by Xandeum-aware Solana validator nodes. It will allow Solana dapps to entry just about limitless storage that may be queried quickly whereas sustaining a excessive diploma of decentralization.

About Xandeum

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 monitor 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.

Study extra:

https://www.xandeum.community

Contact

FounderBernie BlumeXandeum Labs[email protected]

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