Xandeum, the Solana scaling solution that unveiled its tech and tokenomics at Breakpoint 2024, has been catching a lot of attention lately. Its proposal for bringing virtually unlimited storage to Solana dapps has caught the interest of developers and the attention of builders.
They are now transitioning to a new solution under Xandeum Foundations’s reign, using the XAND token.
If you’re a Xandeum community member who’s interacted with the project in the past, such as purchasing a node, you’re eligible for an insane amount of points – which will be convertible into $XAND when the token launches. Here’s what you need to know to maximize your rewards.
How to Win at Xandeum
It’s common for tech roadmaps to be adjusted on the fly, since concepts elucidated in documentation can require reconfiguring once it comes to production. In addition, new tooling and blockchain technology can alter the environment in which teams are planning to launch, necessitating a shift in strategy. While Xandeum’s goal of providing the “hard drive” for Solana hasn’t changed, the delivery mechanism has.
The proposed L1, provisionally called Xandeum Classic and powered by the $XANDC token, has been replaced by a new solution led by the Xandeum Foundation. As revealed at Breakpoint 2024, Xandeum will now be developing a smart contract native storage layer featuring “Xandeum buckets,” a scalable file system integrated directly into Solana RPC nodes that can hold exabytes of data.
There’s no need to delve deeper into the particulars of Xandeum’s tech at this stage, other than to add that there’ll still be a token – $XAND – 60 million of which will be airdropped during the first airdrop. If you’re interested in maximizing your points, head to the Xandeum points app, connect your wallet and check your eligibility.
Millions of Points to Be Earned
Xandeum will be honoring points earned by community members up until now for completing various actions, and it’s doing so generously. For example, if you purchased a node that was originally intended for use in Xandeum Classic, you’ll be eligible for 1M points instantly. The value of these points comes when they’re converted into a token airdrop.
Thus, if you’ve yet to register with Xandeum’s points app, now’s a good time to do so in order to maximize your rewards for the forthcoming airdrop. Sixty-four million points have been collected so far by community members who’ve registered.
While XAND’s token listing price is still to be confirmed, it’s believed to be in the cents rather than in fractions of a cent. Given the prospect of 1M points going to node owners, plus smaller amounts for other eligible claimants, there’s the potential to do very well out of Xandeum’s points program. If $XAND lists at $0.02 for instance, 1M points would be worth $20K, while a token price of $0.06 would boost that to $60K. So now you know. If you’re eligible, don’t fade Xandeum’s points program and forthcoming airdrop.
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