Soland: An Innovative Encryption Mining Project

Recently, many cryptocurrency enthusiasts have felt disappointed with airdrop events. The results of airdrops from some large projects have led participants to incur high costs with minimal returns. However, there are still opportunities in the crypto space, and project teams still need to promote and reward early supporters. Airdrop returns are not directly correlated with project quality; some seemingly ordinary projects may also become dark horses.

Soland is a project within the Solana ecosystem that combines ZK, POW, and POS, distributing tokens through an innovative Mining algorithm. The project is in its early stages, and the tokens have been listed for trading. Recently, the official team launched 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 adopts a simple Proof of Work algorithm ( PoSW ), being the first project to use a dual mining model. It combines POW and POS, dynamically adjusting block rewards based on computing power and difficulty to stabilize token prices. The project also incorporates staking and node governance, forming an ecological cycle.

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 be purchased in the official market or obtained by completing airdrop tasks to earn points for redeeming computing power, enabling participation at zero cost. The project launched in mid-May and is currently aimed at foreign users.

SLD Token Economy

The governance token of Soland is SLD, with a total supply of 2 million pieces, currently priced at about 2 dollars, and a fully diluted market cap of 4 million dollars.

The mining algorithm mimics Bitcoin's SHA256 and dynamically adjusts the halving based on network computing power. Currently, the total network computing power is 5.59 million TH/s, with nearly 20,000 coins staked and 140,000 coins destroyed. The project has no pre-mining, ensuring fair distribution. The next halving is expected to take place on July 2.

SLD Allocation: 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 Method

The airdrop operation of Soland is simple, with main tasks including joining the official group, following social media, daily check-ins, and inviting friends. Completing tasks earns points, which can be exchanged for mining power to mine SLD tokens. The mined tokens can be sold or staked for more earnings. The whole process is cost-free, with no expenses required.

The specific steps include:

1. Enter the official mini program

2. Complete social tasks

3. Invite Friends

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4. Exchange Computing Power

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

![0 Cost No Tricks No Backlash, ZK Proof Hash Power Project Soland Feeding Level Tutorial](https://img-cdn.gateio.im/webp-social/moments-63189d103ef8ae41ca38b944f3952065.webp01

Participating in staking can yield an annualized return of nearly 300%. Direct invitations can earn 20% of the daily earnings of the invited person, while indirect invitations earn 10%.

![0 cost, no tricks, no reverse farming, ZK proof computing power project Soland feeding level tutorial])https://img-cdn.gateio.im/webp-social/moments-6c29e9325f218c8d68862150f6312922.webp01

Soland Summer Invitation Reward Event

In addition to airdrops, Soland also held a power purchase invitation reward event, which ran from June 17 to July 14. Inviting new users to purchase power can earn rewards. Direct invitations receive 8% of the invited user's power purchase, while indirect invitations receive 4%.

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

Summary

Soland achieves a token economic cycle through an innovative Mining model, enhancing network security and decentralization. Its airdrop activities have low thresholds and continuous rewards, making it suitable for long-term participants. This model aligns with the original intention of the project party's airdrop, providing participants with stable income and diversified referral rewards.