CandleFocus Xandeum to unveil Solana scaling solution, XAND token
2024-09-19
Author: Content Editor
Xandeum, a blockchain storage layer platform on Solana, will be announcing a scaling solution, liquid staking program, and its native token XAND at the Solana Breakpoint 2024 conference in Singapore on September 20, 2024. Xandeum's storage layer aims to scale Solana's storage model and provide decentralized applications with virtually unlimited storage. The platform integrates with Solana's nodes and utilizes a network of storage provider nodes to ensure efficiency and decentralization. Xandeum will also launch its liquid staking platform on October 29, 2024, offering SOL stakers the opportunity to earn from future Xandeum storage fees. The XAND token will also launch on the same day. Xandeum Labs, the lead developer of Xandeum, has received $2.8 million in funding to develop and deploy its scaling solution.
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