Connect with us
DAPA Banner

Crypto World

Xandeum Launches STOINC on Mainnet, Introducing Usage-Based Storage Income for Web3

Published

on

Xandeum, a scalable, smart contract-native storage layer for Solana, has officially launched STOINC (Storage Income) on mainnet.

With STOINC now live, Xandeum introduces a usage-driven, on-chain storage economy, enabling applications, node operators, and the broader network to participate in value creation tied to actual storage demand.

Unlike traditional reward mechanisms that rely on token emissions, STOINC is powered by actual storage usage. Every interaction with the Xandeum storage layer generates fees that are collected and distributed across the network.

At the end of each cycle, storage fees are distributed across the Xandeum network economy, rewarding pNode participation, supporting staking incentives as they come online, and funding continued ecosystem growth.

Advertisement

“Storage must become a first-class citizen in Web3,” said Bernie Blume, Founder of Xandeum. With mainnet live and community pNodes already online, STOINC marks the beginning of a usage-based storage economy designed to support the next generation of storage-enabled dApps on Solana. “With STOINC, we’re moving beyond theory into real usage, where storage activity directly translates into economic value.”

The launch addresses a key limitation in blockchain infrastructure: scalable, native storage for smart contracts. By enabling this, Xandeum supports a new category of applications known as storage-enabled dApps (sedApps).

Upcoming developments include XAND staking to pNodes, deployment of native applications, and expansion into enterprise use cases.

As Web3 evolves toward real-world utility, scalable storage becomes critical infrastructure. STOINC positions Xandeum as a key player in this transition, where usage drives value creation.

Advertisement

About Xandeum

Xandeum is building a scalable, smart contract-native storage layer for Solana, enabling decentralized applications to access large-scale storage with seamless integration.

The post Xandeum Launches STOINC on Mainnet, Introducing Usage-Based Storage Income for Web3 appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

China’s Tax Authority Urges Bank Blockchain Implementations for Lending

Published

on

China's Tax Authority Urges Bank Blockchain Implementations for Lending

China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction” model and expand financing for small businesses.

The State Administration of Taxation and National Financial Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and reduce information asymmetry between tax authorities, banks and enterprises.

The report also urged banks to improve credit models, enhance credit approval efficiency and increase the supply of financing services to “honest, tax-paying enterprises.”

The directive aligns with China’s broader effort to integrate blockchain into data infrastructure, following a National Development and Reform Commission roadmap released in January 2025 targeting nationwide implementation by 2029.

Advertisement

Shen Zhulin, the deputy director of the National Data Administration, said in a January 2025 press conference that China expects blockchain-based data infrastructure to attract 400 billion yuan (about $58 billion) in yearly investments.

A machine translation of a joint notice from Chinese regulators. Source: Shanghai Municipal Tax Service

Chinese regulators outline data infrastructure push with 400 billion yuan target

While China has issued strict controls on cryptocurrencies and speculative digital asset trading, it also pushed for the incorporation of blockchain initiatives in finance and data infrastructure.

In October 2019, Chinese President Xi Jinping highlighted the technology as an important “breakthrough” for independent innovation of core technologies, urging the acceleration of the development of blockchain-based applications and their integration in the real-world economy.

Related: Trump: US has to ‘make it so that China doesn’t get the hold‘ of crypto

In April 2021, the Shenzhen Tax Bureau expanded the country’s first blockchain electronic invoice system.

Advertisement

However, in September that same year, China issued a nation-wide ban on crypto transactions and mining as part of a wider crackdown across multiple government agencies.

Top Bitcoin mining countries by hashrate. Source: Compass Mining

Despite the ban, China is still cited as the third-largest Bitcoin (BTC) mining country. In January 2026, it accounted for 11.7% of the global hashrate, according to data from Compass Mining.

Magazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express