Soland: An Innovative Mining Model in the Solana Ecosystem

Recently, many cryptocurrency enthusiasts have been disappointed with airdrop activities. The selection process and returns of some well-known projects' airdrops have frustrated participants. However, there are still numerous opportunities in the crypto space, and project teams still need to promote and reward early community supporters. Airdrop returns are not directly related to project quality; some seemingly ordinary projects may become dark horses, bringing substantial returns to participants. Soland might be such a project.

Soland is an innovative project in the Solana ecosystem that combines ZK, POW, and POS, achieving token distribution through a unique Mining algorithm. It is currently in the early stages, and the token has been listed for trading. Recently, the official team launched an incentive airdrop event, allowing users to complete tasks and earn rewards without paying Gas fees or interaction costs.

Introduction to Soland

Soland is a mining project within the Solana ecosystem, utilizing a simple proof-of-work algorithm ( PoSW ), and is the first project to use a dual mining model. It combines POW and POS to dynamically adjust block rewards based on computing power and difficulty, stabilizing the token price. The project 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 acquire computing power for mining by purchasing mining machines. In addition to buying computing power, users can also complete incentive airdrop tasks to earn points, which can be exchanged for computing power to obtain mining returns, enabling participation at zero cost.

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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, which means a fully diluted market capitalization of 4 million dollars.

Soland uses a mining algorithm similar to Bitcoin's SHA256, dynamically adjusting the halving period based on network computing power. Currently, the total network computing power is approximately 5.6 million TH/s, with nearly 20,000 tokens staked and 140,000 tokens destroyed. The project has no pre-mining, ensuring fair distribution, with the next halving expected on July 2.

SLD allocation plan: 50% for POW Mining, 45% for POS rewards, and 5% for incentive activities and core contributor rewards. Compared to other mining projects on Solana, Soland is currently in a value trough.

Airdrop Participation Guide

The airdrop operation of Soland is simple, with main tasks including joining the official TG group, following on Twitter, daily check-ins, and inviting friends. Completing tasks can earn points, which can be exchanged for Mining power. Holding Mining power allows you to mine SLD tokens, which can then be sold or staked to earn more rewards. The entire process is cost-free, with no expenses required.

The specific steps include:

1. Enter the official TG mini program

2. Complete social tasks

3. Invite Friends

4. Exchange Computing Power

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5. Get earnings, withdraw coins, stake, and trade for cash.

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Soland Summer Invitation Reward Event

In addition to airdrops, Soland has launched a computing power purchase invitation reward program, which runs from June 17 to July 14. Inviting new users to purchase computing power can earn rewards, with a direct invitation earning 8% of the invited user's computing power purchase and an indirect invitation earning 4%. The program settles once a week, for a total of four weeks, and participants have the opportunity to share a million-dollar reward.

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Summary

Soland achieves a cyclical token economic model by integrating Mining and staking through the innovative PoSW model. By utilizing ZK technology and computational power Mining, it enhances network security and lowers the participation threshold for ordinary users, making it a meaningful attempt in the blockchain field.

The airdrop event is relatively friendly to participants, with a low threshold and mining rewards that can provide stable income. Although the daily earnings from low mining power are small, the returns are long-term. By consistently completing tasks to exchange for more mining power, daily SLD earnings will continue to increase. The SLD obtained from the airdrop can be cashed out at any time, making it suitable for long-term participants and in line with the project's original intention of the airdrop event.