Soland: An Innovative Mining Project on the Solana Ecosystem

Recently, airdrop activities in the cryptocurrency space have sparked widespread discussion. The results of airdrops from some large projects have left many participants feeling disappointed and even angry. However, we believe there is no need to withdraw from this field, as there are still many opportunities available. Projects of varying sizes all have a need to promote and reward early supporters, and the key lies in whether the reward mechanisms are recognized by the community, as well as the attention the project itself receives.

It is worth noting that the size of airdrop returns is not always proportional to the quality of the project. Some projects that initially seem mediocre may later become dark horses, bringing substantial returns to participants. Soland may belong to this category.

Soland is an innovative project in the Solana ecosystem that combines ZK, POW, and POS, achieving token distribution through a unique mining algorithm. The project is currently in its early stages, and the tokens have been listed for trading. Recently, the official team held an incentive airdrop event, allowing users to complete tasks and receive rewards without having to pay 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). It is the first project to use a dual mining model, combining POW and POS, dynamically adjusting block rewards based on computing power and mining difficulty to stabilize token prices. At the same time, 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 obtain computing power for mining by subscribing to mining machines. In addition to purchasing computing power, users can also complete incentive airdrop tasks to earn points, exchange points for computing power, thus achieving zero-cost participation.

SLD Token Economy

The governance token of Soland is SLD, with a total supply of 2 million tokens, currently priced at around 2 USD, and a fully diluted market capitalization of approximately 4 million USD.

The project uses a mining algorithm similar to Bitcoin's SHA256, dynamically adjusting the halving period every 30 days based on network hash power (. Currently, the total network hash power is 5.59 million TH/s, with a staking amount of nearly 20,000 coins and approximately 140,000 coins have been destroyed. The project has not been pre-mined, achieving fair distribution.

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 depression.

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Airdrop Participation Tutorial

The Soland airdrop operation is relatively simple, with main tasks including joining the official Telegram group, following Twitter, daily check-ins, and inviting friends. Completing tasks earns points that can be redeemed for mining power. Holding mining power allows you to mine SLD token rewards, which can be sold or staked for more earnings. The entire process is cost-free, with no expenses required.

The specific steps include:

1. Enter the official Telegram bot

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2. Complete social tasks

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3. Invite Friends

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4. Exchange Computing Power

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5. Earning revenue, withdrawing funds, staking, and trading for liquidity

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Soland Summer Invitation Reward Event

In addition to airdrops, Soland also held a computing power purchase invitation reward event, which runs from June 17 to July 14. Inviting new users to purchase computing power can earn rewards, with direct invitations earning 8% of the invited user's computing power purchase and indirect invitations earning 4%.

The activity settles once a week for a total of four weeks. The mining power from both 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 circular token economic model. Using ZK technology and computational power mining to enhance network security and lower the participation threshold for ordinary users is a meaningful innovative attempt in the blockchain field.

The project's airdrop activities are quite friendly to participants, with a low threshold, providing stable returns and various referral rewards. Although daily earnings are low for low computing power, the returns are long-term. As long as tasks are continuously completed to exchange for more computing power, daily airdrop earnings will continue to increase. The SLD obtained from the airdrop can also be monetized at any time, which is very beneficial for long-term participants and aligns with the original intention of the project team to carry out the airdrop.

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