Las Vegas, USA, October 29, 2024, Chainwire

Storage scaling answer Xandeum has confirmed particulars of its upcoming token launch and storage-enabled liquid staking program. On October twenty ninth at 16:00 UTC, the XAND token shall be formally launched, giving the Xandeum neighborhood a technique to take part within the community and earn rewards.

The launch of XAND tokens and LST shall be accompanied by the primary Xandeum airdrop, the place 60 million tokens shall be issued to eligible customers on October twenty ninth. A variety of centralized and decentralized exchanges are working to assist the launch of XAND tokens, together with Raydium and MEXC.

Xandeum DAO is a technique to energy each the Xandeum scalable storage layer that we’re at present constructing and the storage-enabled liquid staking answer that can launch on October twenty ninth. DAO captures each of those. This can be a distinctive characteristic amongst such platforms. The XAND token offers full governance over the DAO, making XAND probably the most utility-rich tokens in Solana.

XAND Rewards for SOL's preliminary stakers on the storage-enabled Liquid Staking platform at https://stake.xandeum.community will earn XAND Rewards boosted by 10x. This provides you with an incredible quantity of XAND rewards in the course of the Hyperdrive stage (outlined as the subsequent stage). The quantity staked within the pool is lower than 30,000 SOL. LST additionally has one other main innovation. That is the primary multi-validator LST on Solana to share block rewards programmatically.

Xandeum's upcoming storage answer will permit Dapps to scale Solana applications by giving them entry to exabytes of knowledge. This helps new use circumstances, comparable to porting a data-rich Web2 app to a totally decentralized Web3 model. Xandeum solves the trilemma of blockchain storage whereas being scalable, random entry, and sensible contract native. To exhibit these options, a dapp named Xandipedia, a totally decentralized model of Wikipedia, has been developed.

Xandeum's sensible contract-native scalable storage layer is designed to combine immediately into Solana RPC (NYSE:) nodes. Information storage is offloaded to a community of distributed pNodes (storage supplier nodes) monitored by Xandeum-enabled Solana validation nodes. This offers Solana dapps entry to just about limitless storage that may be shortly queried whereas sustaining a excessive diploma of decentralization.

About Zandium

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 observe 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.

be taught extra:

https://www.xandeum.community

contactfounderBernie BloomZandium Analysis Institute[email protected]

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