XAND Token Launch and xandSOL LST Set for October 29 - A Game Changer in the Blockchain Space
XAND Token and xandSOL LST Launch Details
XAND Token launch and xandSOL LST are on the schedule for October 29, 2024, at 16:00 UTC. This event marks a significant milestone for the Solana ecosystem, introducing a new way for users to engage with the Xandeum network and earn rewards.
What to Expect from the Launch
- XAND Token will offer governance over the Xandeum DAO.
- A total of 60 million tokens will be airdropped to eligible users.
- Centralized and decentralized exchanges, including Raydium and MEXC, will support the launch.
Innovations and Opportunities
The Xandeum DAO powers the scalable storage layer and introduces a storage-enabled liquid staking solution. The XAND token will enable users to participate deeper in the ecosystem with a unique utility that supports governance.
Benefits for Early Stakers
Early stakers of SOL into the LST will enjoy 10x boosted XAND rewards during the hyperdrive stage, creating lucrative earning potential. This program will facilitate a competitive staking environment.
Technological Advancements
- Xandeum addresses the blockchain storage trilemma by offering a scalable and smart contract-native storage solution.
- A new dapp called Xandipedia represents the transition from web2 to decentralized web3.
- The integration allows dapps on Solana to access massive storage capacity.
About Xandeum
Xandeum represents a pioneering storage scaling solution on Solana, with plans to expand its storage provider network by early 2025. Users can look forward to groundbreaking developments in decentralized applications powered by the XAND token.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.