Soland: An innovative mining project on the Solana ecosystem

Recently, discussions within the cryptocurrency community regarding airdrop events have heated up again. Although the airdrop results of some well-known projects have left many participants disappointed, there are still plenty of opportunities in the crypto space. Project teams often promote themselves and reward early supporters through various means, and the key is whether these reward methods can gain the recognition of the community.

It is worth noting that the size of airdrop returns is not always proportional to the quality of the project. Some seemingly mediocre projects in the early stages may also become dark horses, bringing substantial returns to participants. Soland may be such a potential project.

Soland is an innovative project in 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 token is already available for trading. Recently, the official team launched an incentive airdrop event, allowing users to complete tasks and earn rewards without having to pay Gas fees or interaction costs.

Introduction to Soland

Soland is a mining project within the Solana ecosystem, using a simple Proof of Work algorithm ( PoSW ). It is the first project to use a dual mining model. It combines POW (Proof of Work) with POS (Proof of Stake), dynamically adjusting block rewards based on computing power and mining difficulty to stabilize token prices. At the same time, the project incorporates staking and node governance mechanisms to achieve ecological circulation.

The mining algorithm of Soland uses zero-knowledge proof ( ZKP ) technology for on-chain transaction verification. Users can obtain computing power for mining by purchasing mining machines. In addition, users can also complete incentive airdrop tasks to earn points, which can be exchanged for computing power, allowing for zero-cost participation.

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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 US dollars, and a fully diluted market cap of approximately 4 million US dollars.

The mining algorithm of Soland simulates Bitcoin's SHA256 algorithm, dynamically adjusting the halving cycle based on network hash power. Currently, the total network hash power exceeds 5.59 million TH/s, with a staking amount close to 20,000 tokens and nearly 140,000 tokens having been burned. The project adopts a fair distribution model with no pre-mining.

The allocation plan for SLD is:

• 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 lowland.

Airdrop Participation Method

The airdrop event of Soland is easy to operate, with main tasks including joining the official social groups, 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 is cost-free, with no expenses required.

The specific steps include:

1. Enter the official Telegram mini program

2. Complete social tasks

3. Invite Friends

4. Exchange Computing Power

5. Obtain profits and withdraw, stake, or trade for cash.

It is worth mentioning that Soland also offers a staking feature with an annualized return close to 300%. In addition, direct referrals can earn 20% of the daily earnings of the invited user, while indirect referrals can earn 10%.

Soland Summer Invitation Reward Event

In addition to airdrops, Soland also held a computing power purchase invitation reward event. During the event, inviting new users to purchase computing power can earn rewards, with a direct invitation earning 8% of the corresponding computing power and an indirect invitation earning 4%. The event has a prize pool of one million dollars, settled weekly, and lasts for a total of 4 weeks.

Summary

Soland enhances network security and decentralization through its innovative PoSW model, combining ZK technology and Mining. Its user-friendly airdrop activities provide participants with stable returns and various rewards. Although daily earnings are lower with low computing power, long-term participation can sustainably increase returns and can be redeemed at any time, which is very beneficial for long-term participants and aligns with the original intention of the project's airdrop.

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