Crypto News: Xandeum to Launch XAND Token and xandSOL Liquid Staking on October 29
Crypto Innovations in the Spotlight
Xandeum, a Solana (SOL) based storage scaling project, is set to make waves in the crypto world with the upcoming launch of its XAND token on October 29 at 16:00 UTC. The new xandSOL liquid staking program allows users to stake their SOL holdings while earning XAND rewards in return.
Details of the XAND Token Launch
- 60 million XAND tokens will be airdropped to eligible users.
- It will serve both centralized and decentralized exchanges, including Raydium and MEXC.
- DAO governance will enhance utility as one of Solana’s most versatile assets.
During the initial “hyperdrive” phase, which lasts until the staking pool hits 30,000 SOL, early stakers will enjoy a 10x boost in rewards.
Xandeum’s Revolutionary Storage Layer
Xandeum’s revolutionary storage layer is set to transform how decentralized applications (dApps) operate on Solana by enabling them to handle vast amounts of data. Projects like Xandipedia, a decentralized version of Wikipedia, will showcase this innovative technology. By supporting integrations with Solana’s Remote Procedure Call (RPC) nodes, the storage solution ensures rapid-query capabilities while maintaining decentralization.
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.