Xandeum Announces October 29 Launch for XAND Token and xandSOL LST

• On October 29, 60M tokens will be distributed to qualified users as part of the inaugural Xandeum airdrop.
• Dapps will be able to access exabytes of data thanks to Xandeum’s upcoming storage solution.

The specifics of Solana storage scaling solution Xandeum‘s upcoming token launch and storage-enabled liquid staking scheme have been revealed. The XAND token will formally debut on October 29 at 16:00 UTC, providing the Xandeum community with a means of engaging with the network and earning rewards.

On October 29, 60M tokens will be distributed to qualified users as part of the inaugural Xandeum airdrop, which will coincide with the debut of the XAND token and LST. Raydium and MEXC are among the centralized and decentralized exchanges that have pledged to support the launch of the XAND token.

The storage-enabled liquid staking solution that launches on October 29 and the Xandeum scalable storage layer that is now being built are both powered by the Xandeum DAO. Among these platforms, the DAO is unique in that it captures both of them. The XAND token is one of the most useful ones on Solana as it provides total governance over that DAO.

The storage-enabled liquid staking platform at https://stake.xandeum.network offers 10x boosted XAND rewards to early SOL stakers. This will result in absurdly high XAND rewards during the hyperdrive stage, which is when the pool has less than 30,000 SOL staked. Another significant novelty of the LST is that it is the first multi-validator LST on Solana to share block rewards programmatically.

Dapps will be able to access exabytes of data thanks to Xandeum’s upcoming storage solution, which will enable Solana applications to grow. New use cases, such as transferring data-rich web2 applications to completely decentralized web3 versions, will be supported by this. With its simultaneous scalability, random access, and native smart contract functionality, Xandeum resolves the blockchain storage conundrum. A completely decentralized version of Wikipedia, called Xandipedia, is being developed as a dapp to showcase these possibilities.

The scalable storage layer of Xandeum’s smart contract native has been engineered to seamlessly connect with Solana RPC nodes. Offloading data to a network of decentralized pNodes (storage provider nodes) is done under the supervision of Xandeum-aware Solana validator nodes. As a result, Solana dapps will have access to almost infinite storage that can be quickly queried while retaining a high level of decentralization.