CandleFocus Xandeum confirms the October 29 XAND token launch and xandSOL liquid staking
2024-10-29
Author: Content Editor
Xandeum, a storage scaling project based on Solana (SOL), is set to launch its XAND token and liquid staking program. The token will allow members to earn rewards within the Xandeum ecosystem and has already received support from centralized and decentralized exchanges. The launch includes a 60 million XAND token airdrop for eligible users. The XAND token offers utility through DAO governance and SOL stakers within Xandeum’s liquid staking system will receive boosted rewards during the initial phase. Xandeum's storage layer aims to handle large amounts of data for decentralized applications on Solana, and they are developing a decentralized version of Wikipedia called "Xandipedia" as a proof of concept. The storage layer will delegate data management to a decentralized network of storage provider nodes overseen by Solana validator nodes, providing rapid-query storage while maintaining decentralization.
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