As a seasoned analyst with over two decades of experience in the tech and blockchain industry, I find myself consistently impressed by innovative solutions that address pressing challenges within this rapidly evolving landscape. Xandeum, a storage scaling solution for Solana, is one such project that has piqued my interest.
Las Vegas, United States, October 29th, 2024, Chainwire
Details about the upcoming token launch and staking program for Xandeum’s storage scaling solution, XAND, have been confirmed. On October 29, at 16:00 UTC, the XAND token will be officially released, giving members of the Xandeum community an opportunity to engage with the network and earn rewards.
As a researcher involved in this project, I’m excited to announce that the upcoming launch of the XAND token and LST will be preceded by the first ever Xandeum airdrop on October 29. A total of 60 million tokens will be distributed to eligible users during this event. Notably, several renowned centralized and decentralized exchanges such as Raydium and MEXC have pledged their support for the launch of the XAND token.
The Xandeum Decentralized Autonomous Organization (DAO) serves as the driving force behind two key components: firstly, the scalable storage layer being constructed at present, and secondly, a staking solution that leverages storage, which is set to debut on October 29. Distinctively, this DAO encompasses both of these elements, a rarity among similar platforms. The XAND token grants comprehensive control over this DAO, making XAND one of the most versatile tokens in the Solana ecosystem.
Staking early with SOL into the liquid staking platform at https://stake.xandeum.network will multiply your XAND rewards by 10, leading to significantly increased amounts of XAND rewards during the hyperdrive phase, which occurs when there is less than 30,000 SOL staked. This liquid staking technology (LST) also offers a significant advancement: It’s the first multi-validator LST on Solana that distributes block rewards automatically.
Xandium’s upcoming storage system will empower Solana applications to expand by making it possible for decentralized apps (dApps) to tap into exabytes of data. This expansion opens up new possibilities, such as migrating data-heavy web2 applications to entirely decentralized web3 iterations. Xandium addresses the blockchain storage challenge, offering a solution that is scalable, supports random access, and seamlessly integrates with smart contracts all at once. To showcase these functionalities, a dapp called Xandipedia is being developed – a fully decentralized equivalent of Wikipedia.
Xandeum’s smart contract storage layer, which is scalable by design, is set up to work seamlessly with Solana RPC servers. Instead of storing data centrally, it relies on a distributed network of pNodes (storage provider nodes), supervised by Solana validator nodes aware of Xandeum. This setup allows Solana applications (dApps) to tap into nearly limitless storage, which can be retrieved quickly, all while preserving a high level of decentralization.
About Xandeum
Xandeum serves as a scaling solution for Solana’s data storage and marks the debut of the world’s initial liquid staking platform backed by the XAND token. Anticipated to launch its network of storage providers in early 2025, Xandeum aims to bring about a groundbreaking advancement in decentralized Solana storage, fueling a fresh wave of dApps with this innovative technology.
https://www.xandeum.network
Contact
Founder
Bernie Blume
Xandeum Labs
hello@xandeum.com
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2024-10-29 12:20