Soland: Innovative mining project in the Solana ecosystem combining ZK, POW, and POS

Recently, several highly anticipated airdrop projects have left many participants feeling disappointed. However, there are still numerous opportunities in the crypto space, as project teams often have the need to promote and reward early supporters. Airdrop returns are not necessarily linked to project quality; sometimes, seemingly ordinary projects can also become dark horses. Soland may be such a potential project.

Soland is a project in the Solana ecosystem that combines ZK+POW+POS, achieving token distribution through an innovative mining algorithm. Currently, the project is in its early stages, and the tokens have been listed for trading. Recently, the official team 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, utilizing a simple proof of work algorithm ( PoSW ), and it is also the first project to adopt a dual mining model. It combines POW (proof of work) with POS (proof of stake) to dynamically adjust according to computing power and mining difficulty, achieving dynamic control of block rewards, ensuring token price stability, and integrating staking and node governance to form an ecological cycle.

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

In addition to purchasing computing power, users can also earn points by completing incentive airdrop tasks, exchange points for computing power, and hold computing power to receive mining rewards, achieving 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 about 2 dollars, and the total market value after full dilution is approximately 4 million dollars.

The mining algorithm of Soland simulates the BTC SHA256 mining algorithm, dynamically adjusting the halving based on network hash rate. Currently, the total network hash rate is 5.59 million TH/s, with nearly 20,000 tokens staked and about 140,000 tokens destroyed. The project has no pre-mining, achieving fair distribution, and the next halving is expected to take place 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 still at a value low.

Airdrop Participation Guide

The airdrop operation of Soland is relatively simple and is mainly completed through TG. The core tasks include joining the official TG group, following on Twitter, checking in daily, and inviting friends. Completing tasks earns points, which can be exchanged for mining power to mine SLD token rewards. The obtained SLD can be sold or staked to earn more returns, with the entire process being cost-free.

The specific steps include:

1. Enter the official TG mini program

2. Complete social tasks ( daily check-in, join TG group, follow Twitter, etc. )

3. Invite friends to earn extra points

4. To exchange computing power (, you need to bind Solana wallet ).

5. Obtain earnings, withdraw coins, stake, or trade for cash.

Participating in staking can yield an annualized return of nearly 300%. Direct invites earn 20% of the daily earnings of the invitee, while indirect invites earn 10%. The obtained SLD tokens can be exchanged for stablecoins like USDC on exchanges such as Jupiter.

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, (. Inviting new users to purchase computing power can earn rewards, with direct invitations receiving 8% of the corresponding computing power and indirect invitations receiving 4%.

The event settles once a week for a total of four weeks. The computing power from direct and indirect invitations can share a million dollar reward.

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Summary

Soland combines Mining and staking through PoSW to achieve a cyclical token economic model. It enhances network security and lowers the entry threshold with ZK technology and computing power Mining, achieving decentralization. Its airdrop activities are relatively friendly to participants, providing stable returns and various referral rewards.

For airdrop players, although the daily earnings from low computing power are less, the earnings are sustained in the long term. By continuously completing tasks to exchange for more computing power, daily SLD earnings can gradually increase. The airdropped SLD can be cashed out at any time, making it suitable for long-term participation and aligning with the original intention of the project's airdrop.

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