Xandeum, a blockchain storage layer platform on Solana, plans to unveil a scaling resolution, liquid staking program, and the native token XAND on September 20, 2024.
In accordance with a press launch shared with crypto.information, Xandeum will roll out these options and the XAND token on the Solana (SOL) Breakpoint 2024 convention in Singapore.
Scaling Solana’s storage mannequin
Among the largest bulletins within the Solana ecosystem have come throughout its Breakpoint convention, together with the Firedance testnet in 2023. The neighborhood expects extra at Breakpoint 2024 Singapore.
Xandeum says its storage layer will scale Solana’s present storage mannequin, with the expertise designed to assist decentralized functions entry “virtually unlimited storage.”
Per the small print shared with crypto.information, the platform’s tech integrates immediately into Solana’s distant process name nodes. This extends decentralization additional with a community of storage supplier nodes, or pNodes.
On the core of it is a dynamic charge market that ensures pNodes, validators, and liquid stakers stay incentivized to assist an environment friendly and decentralized storage community. These key gamers earn rewards in SOL, which may very well be a brand new income stream and considerably enhance Solana’s ecosystem.
XAND token launch date
Xandeum will launch its liquid staking platform on October 29, 2024, providing SOL stakers a possibility to earn from future Xandeum storage charges through the liquid staking token xandSOL. In the meantime, the XAND token will launch on Oct. 29.
Web3 startup Xandeum Labs, the lead developer of Xandeum, expects to debut its pNodes community in early 2025. The startup has secured $2.8 million to develop and deploy its scaling resolution.
Whereas Solana is among the high blockchain networks with an enormous ecosystem round decentralized finance and different crypto sectors, it has confronted challenges. Notably, there have been community outages because the ecosystem expanded quickly following its mainnet beta launch in March 2020.
