Xandeum Unveils XAND Token, Launches xandSOL Liquid Staking

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As a seasoned researcher with a keen interest in blockchain technology and its applications, I find the recent launch of Xandeum’s XAND token and liquid staking program quite intriguing. Coming from a background where I’ve seen numerous projects promising scalability but failing to deliver, it’s refreshing to see a platform like Xandeum tackling the blockchain storage trilemma head-on.

As a crypto investor, I’m thrilled about the upcoming token launch and liquid staking program from the Solana-based distributed storage solution, Xandeum. Starting today, October 29th, the XAND token is now live, providing me with an opportunity to back the network, participate in its growth, and potentially earn rewards as part of the Xandeum community.

Solana’s Xandeum launches token, XAND airdrop kicks off

As stated by their team, the Solana-focused data storage solution Xandeum has launched the XAND token, which serves as both a governance and utility asset. Starting today, October 29th at 4:00 p.m. (UTC), an airdrop of XAND tokens will commence, followed by the introduction of a liquid staking solution.

Stake your $XAND now!

25% APY for 42 days.

🚨This offer expires in 20 hours.🚨

Be FAST:

— Xandeum (@XandeumNetwork) October 28, 2024

60 million XAND tokens are set to be distributed among the community as an airdrop. Notably, several prominent crypto exchanges such as MEXC Global and Raydium have announced their intentions to facilitate XAND trades.

The Xandeum Decentralized Autonomous Organization (DAO) serves as the engine for both the Xandeum scalable storage system under development and the upcoming liquid staking solution set to launch on October 29. This DAO encompasses both projects, a rare trait among similar platforms. The XAND token grants full control over this DAO, making XAND one of the most versatile tokens within the Solana network.

As a crypto investor, I’m excited about Xandeum’s upcoming storage solution that promises to revolutionize Solana’s (SOL) smart contracts. By providing access to exabytes of data, this solution will empower dApps to scale like never before. This means we can expect new and innovative use cases, such as transitioning data-rich Web2 applications into fully decentralized Web3 versions – truly a game-changer for the future of blockchain technology.

Xandeum aims to tackle the challenge known as the blockchain storage trilemma by offering solutions that are scalable, provide random access, and are compatible with smart contracts simultaneously.

LST mechanism goes live with rewards for SOL stakers

On Xandarium, a completely autonomous counterpart to Wikipedia, Xandipedia, is poised to exhibit the potential advantages of Solana’s latest scaling solution.

With the launch of the SOL liquid staking program tailored for the Xandeum community, those who stake early will receive XAND tokens at a tenfold increase.

The team stresses that the enhanced rewards offer is only valid for the Hyperdrive Stage, defined as the stage when the pool has less than 30,000 SOL staked. 

Xandeum’s product stands out as the pioneer, offering a Multi-Verification System for LST on Solana, which distributes block rewards in an automated manner.

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2024-10-29 13:54