L1 Blockchain Project Xandeum to Launch on July 30, to Usher Major Releases

Summary:
• Xandeum is prioritising community control and has scheduled major activities, including an ICO, a Testnet and an incentivised Devnet in 2023.

Xandeum, a blockchain startup with the stated goal of accelerating humanity’s move towards decentralised control, has announced that it will be launching officially on July 30th, 2023, at 11:00 am Pacific Time. By combining cutting-edge blockchain technology with a game-changing storage solution, Xandeum is building an integrated platform that is designed to be a pacesetter for the next generation of Web3 apps.

The Xandeum Mission

Xandeum is a decentralised web platform that uses blockchain technology to create a scalable blockchain-based storage layer for smart contracts. The company says that this will facilitate collective self-determination. Initiating a new era of storage-enabled Web3 apps (sedApps) on Xandeum, this solution is known as External Global Grouped Storage (EGGS).

Instead of following the standard practise of going out to investors for funding, Xandeum chooses to offer node licenses directly to its users. Through this approach, it is prioritising community control.

During the forthcoming launch, the company will launch an incentive-based sales model which is likely to generate excitement for this ground-breaking blockchain project. After its incentivised Devnet launch on August 15, Xandeum plans to launch Testnet in autumn, an initial coin offering (ICO) of the XAND token in November, and a beta version of the mainnet in 2024.

As part of the launch, a new buying model will be available, offering refunds of up to 50% for the first transaction, 49% for the second, 48% for the third, and so on, all the way up to 1% for the 50th transaction.

Founder and CEO Bernie Blume says: “Join us in this exciting journey. Visit our website, explore the lightpaper and the RFC version of our technical whitepaper, check out the roadmap, and prepare to participate in our grand launch.”.

Xandeum is expanding opportunities in decentralised control and community autonomy through initiatives like the Xandeum blockchain, Move language integration, and the construction of the EGGS storage layer for smart contracts. Previously known as Bitoku, the company has achieved notable success by selling more than 2,809 nodes at a total cost of more than $1.9 million. The goal of Xandeum’s market launch is to encourage growth and new ideas within the community.