Xandeum Introduces XAND Token and Launches Its Innovative Storage-Enabled Liquid Staking Program, xandSOL LST

On October 29, Xandeum will introduce its much-anticipated XAND token and launch its innovative storage-enabled liquid staking program, xandSOL LST.

Solana-based storage scaling solution Xandeum is gearing up to introduce its XAND token and launch its storage-enabled liquid staking program, dubbed xandSOL LST, on October 29. This marks a pivotal moment for Xandeum, a project aiming to revolutionize decentralized storage support for dapps and scaling on the Solana blockchain.

Xandeum’s XAND token launch will commence at 16:00 UTC, presenting fresh opportunities for the community to participate in the Xandeum ecosystem. Coinciding with the launch, Xandeum will undertake its first airdrop, allocating 60 million XAND tokens to eligible users. Notably, major cryptocurrency exchanges, such as Raydium and MEXC, will support this launch, ensuring broad accessibility within the crypto community.

The Xandeum ecosystem is governed by a DAO, where XAND token holders will have complete governance rights over the platform's storage solutions and staking mechanisms. Through the storage-enabled liquid staking platform, early stakers of SOL will be handsomely rewarded, earning up to 10 times more XAND tokens during the "hyperdrive stage" — a period defined by Xandeum as the time when the pool remains under 30,000 SOL. Moreover, the liquid staking platform employs a multi-validator approach, ensuring stakers receive programmatically distributed block rewards, a first for Solana.

Apart from staking, Xandeum's key innovation lies in its scalable, smart contract-native storage layer that directly integrates with Solana RPC nodes. By shifting data storage to a network of decentralized pNodes, Xandeum provides Solana dapps with virtually unlimited storage capacity, catering to decentralized applications that demand massive data volumes. This functionality will pave the way for decentralized versions of data-rich Web2 applications, such as the upcoming dapp, Xandipedia — a fully decentralized version of Wikipedia.

Xandeum's groundbreaking approach heralds a new era of scalable, decentralized storage solutions within the Solana ecosystem, setting a new benchmark for blockchain data storage.

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