Soland: An Innovative Mining Project in the Solana Ecosystem

Recently, cryptocurrency airdrops have become a hot topic again. Although the results of airdrops from some large projects have been disappointing, there are still many opportunities in the crypto space. Projects vary in size, but all have the need to promote and reward early supporters. The key lies in whether the reward methods are recognized by the community and how much attention they receive.

Airdrop returns are not directly related to project quality. Some projects that may seem unremarkable at first can later excel and provide substantial returns for participants. Soland could be such a project.

Soland is a project within the Solana ecosystem that combines ZK, POW, and POS, distributing tokens through an innovative Mining algorithm. Currently, the project is in its early stages, and the tokens have been listed for trading. The official team has recently launched an incentive airdrop activity, allowing users to complete tasks and receive rewards without paying gas fees or interaction costs.

Introduction to Soland

Soland is a Mining project within the Solana ecosystem, using a simple Proof of Work algorithm (PoSW), and it is also the first project to utilize a dual mining model. It combines POW and POS, dynamically adjusting block rewards based on computing power and difficulty to stabilize token prices, while integrating staking and node governance to achieve ecological circulation.

The mining algorithm of Soland uses zero-knowledge proof ( ZKP ) for on-chain transaction verification. Users can subscribe to mining machines to obtain computing power for mining. Currently, computing power can be purchased in the official market, and holding computing power will earn SLD tokens.

Users can also earn points by completing incentive airdrop tasks, which can be exchanged for computing power, allowing for zero-cost participation. Soland was launched in mid-May this year and is currently mainly aimed at overseas users, with relatively few domestic participants.

SLD Token Economic Model

The governance token of Soland is SLD, with a total supply of 2 million pieces. The current market price is approximately 2 dollars, resulting in a fully diluted market capitalization of 4 million dollars.

Soland uses a mining algorithm similar to Bitcoin's SHA256, dynamically adjusting the halving based on network hash power. Currently, the total network hash power is 5.59 million TH/s, with nearly 20,000 tokens staked and 140,000 tokens burned. The project has no pre-mining, ensuring fair distribution, with the next halving expected on July 2.

SLD allocation: 50% for POW Mining, 45% for POS rewards, 5% for incentive activities and core contributor rewards.

Compared to other mining projects on Solana, Soland is still in a value trough.

Airdrop Participation Tutorial

The Soland airdrop operation is simple, mainly by completing social tasks to gain points, which can be exchanged for computing power to mine SLD token rewards. The entire process is cost-free, with no expenses required.

The main steps include:

1. Enter the official Telegram mini program

2. Complete social tasks such as daily check-in, joining TG groups, following Twitter, etc. (

![0-cost, no tricks, no reverse exploitation, ZK proof computing power project Soland feeding level hair-raising tutorial])https://img-cdn.gateio.im/webp-social/moments-83fe7d8dffdd4ecd762e65ac437b456f.webp(

3. Invite friends to earn extra points

![0-cost, no tricks, no backdoor, ZK proof computing power project Soland feeding level tutorial])https://img-cdn.gateio.im/webp-social/moments-13143c1ffdc4ca0ddc7818bf4c2d2ad9.webp(

4. Points reaching 10000 can be exchanged for Mining

![0 cost no tricks no reverse play, ZK proof computing power project Soland feeding level tutorial])https://img-cdn.gateio.im/webp-social/moments-d1273b6a5cd423c2c4d5934bd2ea53fb.webp(

5. Hold computing power to mine SLD tokens

![0 cost no tricks no reverse pulling, ZK proof computing power project Soland feeding level tutorial])https://img-cdn.gateio.im/webp-social/moments-d2ab858af1cda8798b80b1acc241ff0c.webp(

6. Withdraw SLD tokens, which can be staked or traded for cash.

![0 Cost No Tricks No Reversal, ZK Proof Computing Power Project Soland Feeding Level Tutorial])https://img-cdn.gateio.im/webp-social/moments-0f92269fd6d01faa6aa989758ce85299.webp(

The detailed operation process is omitted.

Soland Summer Invitation Event

In addition to airdrops, Soland is also holding a power purchase invitation reward event from June 17 to July 14, ). Inviting new users to purchase power can earn rewards, with direct invitations earning 8% power and indirect invitations earning 4% power.

Inviters can also share a prize pool of one million dollars. The event will take place over 4 weeks, with settlements made once a week.

Summary

Soland combines Mining and staking through the PoSW model to achieve a token economic cycle. By using ZK technology and computational Mining, it enhances network security and lowers the participation threshold, which is a beneficial attempt for the future of blockchain.

Its airdrop activity is relatively friendly to participants, with a low threshold and stable rewards, offering multiple referral reward methods. Although the daily earnings from low computing power are small, they can be sustained in the long term, making it suitable for long-term participation. This aligns with the original intention of the project team's airdrop, which is not just a short-term speculative behavior.