The Solana-based storage scaling solution, Xandeum has announced the details of its $XAND token launch and the storage-enabled liquid staking program. The $XAND token has officially launched enabling Xandeum members to transact within the network and earn a reward.
The launch is accompanying an airdrop of 60 million $XAND tokens to eligible users. Various exchanges, including Raydium and MEXC, have committed to supporting the $XAND token launch. This token offers governance over the Xandeum DAO, which powers the scalable storage layer and the storage-enabled liquid staking solution.
Xandeum ($XAND) Token Launches with Airdrops
Liquid staking in Xandeum requires platform tokens, and token holders get high returns for staking. Solana holders, who deposit their $SOL into the liquid staking service will see their XAND earnings increase tenfold within the hyperdrive stage. This stage takes place when the pool participants stake less than 30,000 $SOL. This innovative staking solution is the first multi-validator LST on Solana that programmatically shares block rewards.
Xandeum’s storage solution aims to allow Solana programs to scale by enabling dApps to access exabytes of data. This capability supports new use cases, such as porting data-rich web2 applications to decentralized web3 versions. The storage layer is designed to solve the blockchain storage trilemma, which is scalable, has random access, and is smart contract native.
Decentralized Data Storage Network
The scalable storage layer directly plugs into the Solana RPC nodes in real-time while data storage is transitioned to the decentralized nodes network managed by Xandeum-Solana validator nodes. Moreover, this integration makes it possible for Solana dApps to use virtually unlimited storage that can be interrogated quickly without compromising decentralization.
Xandeum is an emerging scaler solution for Solana and the world’s first to introduce a liquid staking platform. Built on the $XAND token, the platform seeks to revolutionize decentralized storage, as per the whitepaper. Xandeum’s storage provider network is expected to go live in the first quarter of 2025 with the prospect of fostering a decentralized application revolution.
