Xandeum Launches Solana Scaling Solution and XAND Token at Breakpoint

[PRESS RELEASE – LAS VEGAS, United States, September 19th, 2024]

Blockchain storage layer Xandeum has announced that it will unveil its strategy for scaling Solana storage at Breakpoint 2024 on September 20, 2024. During the prominent Solana conference in Singapore, Xandeum will provide insights into its new storage-enabled liquid staking initiative and officially announce the launch of the XAND token.

To address the challenges of Solana’s existing storage model, Xandeum’s technology will enable decentralized applications (dapps) to scale by utilizing virtually limitless storage. Solana is often described as a “world computer,” where Solana accounts function like its “RAM.” At Breakpoint 2024, Xandeum will present its vision for introducing the “hard drive” through their scalable storage layer, which is essential for a complete world computer. This advancement will spark a Cambrian Explosion of storage-capable dapps.

The smart contract native storage layer presents “Xandeum buckets,” which is an exabytes+ scalable file system integrated directly into Solana RPC nodes. The storage will be outsourced to a decentralized network of hundreds of thousands of provider nodes (pNodes), overseen by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will receive additional rewards in SOL, supported by dynamic fee markets aimed at maximizing storage efficiency and profitability.

“An affordable, decentralized storage solution will greatly enhance the application landscape,” says Tommy Johnson, an early Solana builder, co-founder, and lead engineer at Armada. “It can create a new revenue stream for SOL validators and stakers. The Xandeum solution is poised to significantly impact the growth of the Solana ecosystem.”

Further details regarding Xandeum’s Solana scaling solution will be disclosed at Breakpoint 2024. Additionally, Xandeum will utilize this event to unveil its storage-enabled liquid staking platform. Set to launch on October 29, this platform will capture the future Xandeum storage fees for xandSOL stakers. Early participants who stake with Xandeum will qualify for enhanced rewards of up to 10x, with more information available at https://xandeum.network

As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, where community members can learn more about key initiatives including the liquid staking pool, XAND token, and upcoming airdrops. The first airdrop snapshot is scheduled for October 8, followed by the XAND token launch on October 29.

Xandeum’s ongoing development of new storage primitives aims to refine Solana’s programming model and address the shortcomings of the existing storage system, known as “accounts,” which have proven inadequate for handling even a few gigabytes per dapp. These limitations could hinder the expansion of web3 applications on Solana.

Xandeum’s lead developer, Xandeum Labs, has secured $2.8M to advance its scaling solution, attracting considerable interest from the Solana builder community, with over 4 billion transactions completed on its community-run development network. Xandeum is set to facilitate a new wave of scalable web3 dapps while upholding Solana’s security and decentralization.

About Xandeum Labs

Xandeum Labs is a web3 startup committed to developing the scalable storage layer for Solana. As a key contributor to the world’s first storage-enabled liquid staking platform, managed by the XAND DAO, Xandeum has raised $2.8 million from its community and is set to launch its pNode network in early 2025.

Users can discover more: https://xandeum.com