Soland: Innovative Solana Ecosystem ZK Mining Project

Recently, the airdrop activities of some well-known projects have left many participants disappointed. However, there are still numerous opportunities in the crypto market, and project teams continue to seek ways to promote themselves and reward early supporters. The size of airdrop returns is not directly related to project quality; some seemingly ordinary projects may also become dark horses. Soland might be such a potential project.

Soland is an innovative project on 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 tokens are already listed for trading. Recently, the official team launched an incentive airdrop campaign, allowing users to complete tasks and receive rewards without incurring Gas fees or interaction costs.

Introduction to Soland

Soland is a mining project within the Solana ecosystem, using a simplified proof-of-work algorithm ( PoSW ), and is also the first project to adopt a dual mining model. It combines POW proof-of-work with POS proof-of-stake, dynamically adjusting based on computing power and mining difficulty to achieve dynamic control of block rewards, ensuring stable token prices. At the same time, it integrates staking and node governance to form an ecological cycle.

The mining algorithm of Soland uses zero-knowledge proof (ZKP), which can be used for on-chain transaction verification. Users can obtain computing power for mining by subscribing to mining machines. The official pre-sale of mining machines lasted for 20 days, and users can now also purchase computing power in the official market. 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, which can be exchanged for computing power, allowing for zero-cost participation. Soland was launched in mid-May this year and is currently mainly aimed at overseas users, with relatively few participants from within the country.

SLD Token Economic Model

The governance token of Soland is SLD, with a total supply of 2 million pieces, currently priced at about 2 dollars, resulting in a total market value of 4 million dollars after full dilution.

Soland uses a mining algorithm that simulates BTC's SHA256, dynamically adjusting the halving based on network hashrate. Currently, the total network hashrate reaches 5.59 million TH/s, with nearly 20,000 tokens staked and about 140,000 tokens burned. The project has no pre-mining, ensuring fair distribution, with the next halving expected to take place on July 2.

The SLD allocation plan is as follows: 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's current price is still at a relatively low level.

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Airdrop Participation Tutorial

The airdrop operation of Soland is relatively simple, mainly by completing social tasks to earn points, which can then be exchanged for computing power. Holding computing power allows you to mine SLD token rewards, and the entire process is cost-free.

The specific steps are as follows:

1. Enter the official Telegram mini program

2. Complete daily check-ins, join Telegram groups, follow Twitter, and other social tasks.

3. Invite friends to earn extra points rewards

4. Points can be exchanged for computing power after reaching 10,000 points.

5. Bind Solana wallet address

6. Log in with the Phantom wallet on the official website and sign the message to complete the binding.

7. Exchange points for Mining power in the mini-program

8. Holding computing power allows you to mine SLD token rewards.

After obtaining SLD tokens, you can choose to withdraw, stake for higher returns, or exchange them for stablecoins on the exchange. The annualized yield for staking is close to 300%, and you can earn 20% of the daily earnings of those you invite directly, and 10% from those you invite indirectly.

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Soland Summer Invitation Reward Event

In addition to airdrops, Soland has also launched a computing power purchase invitation reward event, which runs from June 17 to July 14. By inviting new users to purchase computing power, corresponding rewards can be obtained:

• Direct invite to earn 8% of the invited person's power purchase.
• Indirect invitations earn 4% of the Mining power
• Settled once a week, for a total of 4 weeks.
• Direct and indirect invitations to mining power can jointly share a million dollar reward.

Summary

Soland achieves a virtuous cycle of the token economic model by combining Mining and staking through the innovative PoSW model. Zero-knowledge proof technology and computational Mining enhance network security, allowing more people to participate in node governance and reducing the participation threshold for ordinary users.

The airdrop event of Soland is relatively friendly to participants, with low thresholds and stable rewards. Although the daily earnings from low computing power are small, the gains are long-term. Continuous participation can steadily increase computing power and earnings, making it suitable for long-term players. This design aligns with the original intention of the project team to conduct the airdrop, as it does not encourage short-term speculative behavior.