Las Vegas, United States, October 29, 2024 – Xandeum, a Solana-based storage scaling solution, has announced details of its upcoming token launch and the introduction of a storage-enabled liquid staking program. The XAND token is scheduled to go live on October 29 at 16:00 UTC and will serve as the governance and utility asset of the Xandeum ecosystem.

The token launch will coincide with Xandeum’s initial airdrop, through which 60 million XAND tokens will be distributed to eligible participants. Several centralized and decentralized exchanges, including Raydium and MEXC, have indicated plans to support XAND trading following the launch.

The Xandeum DAO oversees the project’s development, which includes both the decentralized storage layer and the new liquid staking protocol. The XAND token enables community participation in governance and decision-making processes related to the platform’s direction and feature development.

The liquid staking product will operate as a multi-validator staking platform on Solana, programmatically distributing rewards among participants. Early staking participants can join through the official platform at https://stake.xandeum.network. The feature aims to combine staking and decentralized storage in one integrated protocol.

Xandeum’s storage solution is being designed to help Solana applications handle large-scale data by offloading storage to a distributed network of provider nodes, or pNodes. This system allows decentralized applications to access large datasets efficiently while maintaining a high degree of decentralization. The team notes that this capability could enable the migration of data-intensive Web2 applications into decentralized environments.

The project is currently developing “Xandipedia,” a prototype decentralized knowledge base intended to demonstrate the platform’s scalable storage infrastructure. According to the developers, the solution integrates directly into Solana RPC nodes and leverages Xandeum-aware validator nodes to ensure secure, rapid data access.

About Xandeum

Xandeum is a Solana-based blockchain infrastructure project focused on scalable, decentralized storage and liquid staking solutions. The platform’s goal is to enable data-intensive decentralized applications by integrating large-scale storage and staking functionalities into the Solana ecosystem. The Xandeum network is powered by the XAND token, with the launch of its provider node network planned for early 2025.

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