Soland: An Innovative Mining Project in the Solana Ecosystem

Recently, cryptocurrency airdrops have become a hot topic again. However, the airdrop activities of some well-known projects have left many participants feeling disappointed and even angry. Nevertheless, there are still numerous opportunities in the crypto space, and project teams need to promote themselves and reward early supporters. The size of airdrop returns is not directly related to the quality of the project; some seemingly ordinary projects can also become dark horses, bringing substantial returns to participants. Soland might be such a project.

Soland is a project on the Solana ecosystem that combines ZK, POW, and POS, achieving token distribution through an innovative mining algorithm. Currently, the project is in its early stages, and the tokens are already listed for trading. The official team has recently launched an incentive airdrop campaign, 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 simplified Proof of Work (PoSW) algorithm. It is the first project to employ a dual mining model, combining Proof of Work (POW) with Proof of Stake (POS). The system dynamically adjusts based on hash rate and mining difficulty, achieving dynamic control of block rewards to ensure token price stability. Additionally, the project incorporates staking and node governance to achieve ecological circulation.

The mining algorithm of Soland uses Zero-Knowledge Proofs (ZKP) for on-chain transaction verification. Users can acquire computing power by subscribing to mining machines to achieve mining. Currently, computing power can also be purchased through the official market, and holding computing power can earn SLD tokens. In addition, users can also earn points by completing incentive airdrop tasks, which can be exchanged 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. The current market price is approximately 2 dollars, and the fully diluted market cap is about 4 million dollars.

The mining algorithm of Soland simulates BTC's SHA256 mining algorithm, dynamically adjusting the halving based on network hash power. Currently, the total network hash power is 5,596,763 TH/s, with total staking close to 20,000 tokens and nearly 140,000 tokens have been destroyed. The project has no pre-mining, achieving fair distribution.

The allocation of SLD is: 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 in a value trough.

Airdrop Participation Guide

The airdrop operation of Soland is relatively simple, with main tasks including joining the official group, following social media, daily check-ins, and inviting friends. Completing tasks can earn points, which can be exchanged for computing power, and holding computing power allows you to mine SLD tokens. The entire process does not require any cost.

The specific operational steps include:

1. Enter the official mini program

2. Complete social tasks

3. Invite Friends

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4. Exchange Hashrate

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

Participants can earn SLD token rewards by holding computing power. The obtained SLD can be withdrawn, staked for more benefits, or exchanged for other tokens on the trading platform.

Soland Summer Invitation Rewards Event

In addition to airdrop rewards, Soland also held a power purchase invitation reward event. Direct invitations can earn 8% of the invited person's power purchase, while indirect invitations can earn 4%. The event features a prize pool of one million dollars, with rewards distributed based on the ranking of invited power.

Summary

Soland enhances network security and decentralization through innovative Mining models and zero-knowledge proof technology, lowering the participation threshold for ordinary users. Its airdrop activities are designed to be user-friendly, allowing long-term participants to obtain stable returns. This model aligns with the original intention of the project team's airdrop while providing users with opportunities for sustained earnings.