Las Vegas, United States, October 29, 2024, Chainwire
storage scaling answer Xandeum has confirmed particulars of its upcoming token launch and storage-enabled liquid staking program. On October 29 at 4:00 p.m. UTC, the XAND token will formally launch, offering the Xandeum neighborhood a approach to take part within the community and earn rewards.
The launch of the XAND token and LST will probably be accompanied by the primary Xandeum airdrop which is able to see 60 million tokens issued to eligible customers on October 29. A lot of centralized and decentralized exchanges have dedicated to supporting the launch of the XAND token, together with Raydium and MEXC.
The Xandeum DAO is the automobile that powers each the Xandeum scalable storage layer at present being constructed, in addition to the storage liquid staking answer launched on October 29. The DAO captures each, which is a singular characteristic amongst these platforms. The XAND token offers full governance over this DAO, making XAND one of the crucial utility-rich tokens on Solana.
XAND rewards for early SOL gamers on the storage-enabled liquid staking platform at https://stake.xandeum.community will obtain 10x XAND rewards, leading to ridiculous quantities of XAND rewards throughout the hyperdrive part, outlined because the stage the place the pool has lower than 30,000 SOL staked. LST additionally options one other main innovation: it’s the first multi-validator LST on Solana that programmatically shares block rewards.
Xandeum's upcoming storage answer will permit Solana applications to scale by permitting dapps to entry exabytes of information. It will assist new use circumstances, like porting data-rich Web2 purposes to completely decentralized Web3 variations. Xandeum solves the blockchain storage trilemma, being each scalable, random entry, and sensible contract native. To reveal these capabilities, an utility known as Xandipedia is being developed, a completely decentralized model of Wikipedia.
Xandeum's sensible contract-native scalable storage layer was designed to combine straight into Solana RPC (NYSE:) nodes. Knowledge storage is offloaded to a community of decentralized pNodes (storage supplier nodes) overseen by Xandeum-enabled Solana validator nodes. It will permit Solana dapps to entry nearly limitless storage that may be queried shortly 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 ready to launch its storage supplier community in early 2025, delivering a breakthrough in Solana decentralized storage that may energy a brand new wave of dapps.
Study extra:
https://www.xandeum.community
ContactFounderBernie BlumeXandeum Laboratorieshiya@xandeum.com
This text was initially revealed on Chainwire
