- XAND token launch includes a significant airdrop and staking rewards.
- Storage-enabled staking brings new scalability to Solana dapps.
Xandeum, a significant storage scaling project on Solana, announced the debut of its highly awaited XAND coin today at 16:00 UTC, as well as a storage-enabled liquid staking program indicated to reward early adopters and expand the Solana ecosystem’s potential for scalable data storage. The XAND token will provide users governance control over the Xandeum DAO, giving unique incentives and playing an important part in the network’s progress.
The token launch relates to Xandeum’s first airdrop, which will distribute 60 million XAND tokens to qualified users. Several exchanges, notably Raydium and MEXC, have committed to assist the token’s rollout, demonstrating Xandeum’s market entry momentum.
Xandeum’s storage-enabled liquid staking program is a Solana first, with considerable rewards for early stakeholders. Users who stake SOL in the new program at stake.xandeum.network will receive 10x increased XAND payouts during the platform’s hyperdrive stage, which is defined as when fewer than 30,000 SOL are staked. In addition, this application is Solana’s first multi-validator staking solution, spreading block rewards among numerous validators to maintain decentralization and improve security.
This staking solution also supports Xandeum’s scalable storage layer, which is a significant advancement in blockchain data storage. By allowing dapps to store and access enormous datasets, Xandeum enables data-rich web2 applications to be completely migrated to decentralized web3 peers.
Xandeum’s Scalable Storage Solution and the Future of Solana
Solana’s RPC nodes connect directly with Xandeum’s storage layer, enabling decentralized pNodes to offload data while remaining accessible through Xandeum-integrated Solana validator nodes. The solution enables Solana dapps to scale without sacrificing decentralization by offering secure and efficient storage access and exabyte-scale data storage. The team is also developing Xandipedia, a decentralized version of Wikipedia, to demonstrate the potential of this novel storage option.
With its debut, Xandeum addresses the blockchain storage trilemma, which includes scalability, random access, and native smart contract functionality. Xandeum’s introduction of scalable and efficient data storage for Solana will broaden the possibilities for blockchain applications, ranging from decentralized social media to complicated financial products.
As the XAND token launch advances, Xandeum’s unique governance framework and storage solutions demonstrate the expanding potential for decentralized networks to enable more challenging and data-intensive applications.
