Xandeum launching XAND token and liquid staking program on October 29 with airdrops and support.

From Investing.com

October 29, 2024
05:30 AM:

Xandeum announces the launch of its XAND token and storage-enabled liquid staking program on October 29 at 16:00 UTC. The XAND token will offer governance over the Xandeum DAO, providing rewards and participation in the network. 60M tokens will be airdropped to eligible users, with support from various exchanges like Raydium and MEXC.

Early stakers of SOL in the liquid staking platform will receive 10x boosted XAND rewards during the hyperdrive stage. Xandeum’s storage solution will enable Solana dapps to access exabytes of data, supporting new use cases and decentralized applications. The upcoming Xandipedia dapp aims to showcase these capabilities as a decentralized version of Wikipedia.

Xandeum’s storage layer integrates with Solana RPC nodes, utilizing a network of decentralized storage provider nodes overseen by Xandeum-aware Solana validator nodes. This setup allows for virtually unlimited storage that is both scalable and decentralized, enabling rapid data queries for Solana dapps. Xandeum’s unique approach aims to solve the blockchain storage trilemma effectively.

Xandeum is a storage scaling solution for Solana, set to launch its storage provider network in early 2025. The XAND token will power the platform, offering governance and rewards to participants. Xandeum’s focus on scalable, random access storage for Solana dapps aims to drive innovation and adoption in the decentralized application space.

Read more at Investing.com: Xandeum Confirms XAND Token Launch and xandSOL LST for October 29 By Chainwire