Soland: An Innovative Solana Ecosystem Mining Project

Recently, many cryptocurrency enthusiasts have shown a decrease in enthusiasm for airdrop activities. The results of airdrops from some large projects have left many participants feeling disappointed and even angry. However, there are still numerous opportunities in the crypto space, and project teams continue to seek various ways to promote their projects and reward early supporters.

The size of airdrop returns is not directly related to project quality. Some seemingly ordinary projects can also become dark horses, bringing substantial returns to participants. Soland may be such a potential project.

Soland is an innovative project on the Solana ecosystem that combines ZK, POW, and POS, achieving token distribution through a unique mining algorithm. Currently, the project is in its early stages, and the tokens are already trading. The official team recently conducted an incentive airdrop event, allowing users to complete tasks and receive rewards without paying Gas fees or incurring interaction costs.

Soland Project Introduction

Soland adopts a simple proof-of-work algorithm ( PoSW ), and is the first project to use a dual mining model. It combines POW with POS to dynamically adjust block rewards based on computing power and mining difficulty, stabilizing token prices. It also incorporates staking and node governance mechanisms to achieve ecological circulation.

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

In addition to purchasing computing power, users can also complete incentive airdrop tasks to earn points, which can be exchanged for computing power, thus achieving zero-cost Mining. Solana was launched in mid-May this year and is currently mainly aimed at overseas users, with relatively few participants from within the country.

SLD Token Economic Model

The governance token of Soland is SLD, with a total supply of 2 million pieces, currently priced at about 2 dollars, and a total market capitalization of 4 million dollars when fully diluted.

Soland uses a mining algorithm similar to Bitcoin's SHA256, dynamically adjusting the halving cycle based on network hash power every 30 days. 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 and is completely fairly distributed. The next halving is expected to occur on July 2.

SLD Distribution Plan:

• 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 airdrop operation of Soland is relatively simple, and the main tasks include:

1. Join the official Telegram group
2. Follow Twitter
3. Daily Sign-in
4. Invite Friends

Completing tasks can earn you points, which can be exchanged for computing power. Holding computing power allows you to mine SLD tokens. The entire process is cost-free, requiring no expenses.

The specific steps are as follows:

1. Search for and enter the SolandAIBot mini program on Telegram

2. Complete social tasks:
   • Daily Sign-In
   • Join Telegram groups and channels
   • Follow Twitter

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3. Invite friends to earn extra points

4. Exchange Computing Power:
   • Bind Solana wallet in the mini program
   • Use points to exchange for computing power

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5. Obtain Earnings:
   • Hold computing power to receive SLD token rewards
   • Withdrawable tokens to wallet
   • Stake SLD to earn additional rewards
   • You can sell SLD for cash on the exchange.

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Soland Summer Invitation Reward Event

In addition to airdrops, Soland also held a computing power purchase invitation reward event from June 17 to July 14, ). During this period, inviting new users to purchase computing power can earn rewards:

• Directly invite to earn 8% of the invited person's purchased computing power.
• Indirect invitation earns 4%

The event is divided into 4 weeks, with settlements made once a week. Invitors can share a reward of one million USD.

Summary

Soland combines Mining and staking through its innovative PoSW model to achieve a virtuous cycle of token economics. Zero-knowledge proofs and computational Mining enhance network security and lower the participation threshold for ordinary users.

The airdrop event of Soland is quite friendly to participants, with a low threshold and stable long-term returns. Although initial returns are not high, continuous participation can gradually increase mining power and profits. This long-term incentive mechanism aligns with the original intention of the project party's airdrop and is beneficial for attracting long-term supporters instead of short-term speculators.