Xandeum Officially Confirms Launch Of XAND Token and xandSOL LST for October 29

Solana’s innovative approach to storage scaling Xandeum has officially unveiled the specifics of its upcoming token launch alongside a storage-enabled liquid staking initiative. Mark your calendars for October 29 at 16:00 UTC, as the XAND token is set to launch! This is a pivotal moment for the Xandeum community, providing an exciting opportunity to engage with the network and reap rewards.

The XAND token and LST launch are set to coincide with the inaugural Xandeum airdrop, distributing 60 million tokens to eligible participants on October 29. Several centralized and decentralized exchanges are gearing up to back the launch of the XAND token, with notable names like Raydium and MEXC stepping into the spotlight.

The Xandeum DAO serves as the driving force behind the development of the Xandeum scalable storage layer, which is in the works, and the innovative storage-enabled liquid staking solution set to launch on October 29. The DAO encapsulates both of these elements, showcasing a distinctive characteristic that sets it apart from other platforms. The XAND token provides full governance capabilities within its DAO, positioning XAND as one of the most utility-rich tokens on the Solana blockchain.

Early stakers of SOL on the storage-enabled liquid staking platform at https://stake.xandeum.network are in for a treat with 10x boosted XAND rewards. This means that during the hyperdrive stage—when the pool has less than 30,000 SOL staked—participants can expect to accumulate astonishing amounts of XAND rewards. The LST introduces a groundbreaking feature: it stands as the first multi-validator LST on Solana that automatically distributes block rewards.

Xandeum’s upcoming storage solution is set to empower Solana programs, facilitating dapps to tap into exabytes of data for enhanced scalability. This will enable innovative applications, such as transforming data-intensive web2 platforms into fully decentralized web3 iterations. Xandeum addresses the blockchain storage trilemma by achieving scalability, enabling random access, and being inherently compatible with smart contracts all at once. A dapp called Xandipedia is currently in development, aiming to create a fully decentralized version of Wikipedia, showcasing the potential of blockchain technology.

Xandeum has developed a smart contract native scalable storage layer that seamlessly integrates with Solana RPC nodes. Data storage is distributed across a network of decentralized pNodes, which are storage provider nodes, and are managed by Solana validator nodes that are aware of Xandeum. This will empower Solana dapps with access to virtually limitless storage that can be queried at lightning speed, all while upholding a robust level of decentralization.