The Dutch auction for Xandeum is scheduled for September 6, 2025. The sale offers 49 pNodes from the “Deep South Era” and aims to build a scalable, smart contract–native storage layer on Solana. The initiative combines on-chain mechanisms, multiplier NFTs and delegations to align operators, developers and the project foundation.
Auction Overview
The event lists 49 pNodes and targets developers, operators and the community to support an on-chain storage layer for Solana, presenting the offering as a milestone for an external storage solution that behaves like a native smart contract resource and seeks broad participation through its design.
How the Auction Works
The pNode Dutch Auction is a reverse auction where the starting price decreases until a buyer accepts the offer, and each pNode is linked to multiplier NFTs that increase staking rewards called STOINC, while the community votes on the auction start time via the DutchDecider app to introduce participatory governance into the market opening.
Benefits for pNode Owners
Purchasing a pNode grants access to multiple value streams including STOINC rewards, foundation delegations, compound rewards in xandSOL (LST) and XAND, and operational support through the pNode Store, providing documentation, guides and tools to integrate storage into Solana programs and encouraging active participation in the storage infrastructure.
Operational Details and Requirements
Bids must be placed in XAND, which trades on decentralized exchanges such as Jupiter, and the project has released devnet prototypes like the Munich Release while promising the Herrenberg Release with advanced search, so participants should be mindful of token liquidity, technical milestones prior to mainnet deployment and the need to follow integration guides and documentation provided by the project.
Competitive and Technical Context
Xandeum proposes an external storage layer to address Solana’s account-in-RAM limits by offering random access and cloud-like scaling that behaves as native to smart contracts, and it competes with alternatives such as Aleph Cloud, Walrus and DeGeneAI while differentiating itself through its combination of pNodes, utility NFTs and an on-chain incentive model.
Risks and Considerations
The offering contains operational complexity for non-technical users, dependency on demand for on-chain storage, uncertainty about long-term reward sustainability and XAND liquidity, and the need to evaluate delegation distribution and dApp adoption, so potential participants should weigh these risks carefully and consider the project’s ability to deliver sustained revenue and adoption before engaging in the auction.
The Dutch auction of pNodes could accelerate decentralized storage on Solana if Xandeum completes its roadmap and achieves real adoption, but the initiative will require further testing, clear technical validation and sustained ecosystem demand to justify community investment and to deliver the promised improvements in scalable on-chain storage.
