Soland: Solana Ecological Innovation Mining Project

Recently, the topic of cryptocurrency airdrops has sparked heated discussions again. Some well-known projects' airdrop activities have left participants feeling disappointed or even angry, as some have incurred significant costs with minimal returns. However, there are still many opportunities in the crypto space worth paying attention to. Project teams often promote themselves through airdrops and reward early supporters, with the key being whether the reward method is recognized by the community and the level of attention the project receives.

It is worth noting that airdrop returns are not directly correlated with project quality. Although well-known projects have strong backgrounds, the competition is also more intense, resulting in a lower probability of receiving airdrops and potential loss risks. In contrast, some projects that seem ordinary in the early stages may become dark horses later on, bringing substantial returns to participants. Soland may belong to this category.

Soland is an innovative project within the Solana ecosystem that combines ZK, POW, and POS, achieving token distribution through a unique Mining algorithm. Currently, the project is in the early stages, and the token has been launched for trading. Recently, the official team has initiated an incentivized airdrop activity, allowing users to complete tasks and obtain rewards without paying Gas fees or interaction costs.

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Introduction to Soland

Soland is a mining project in the Solana ecosystem, using a simple proof-of-work algorithm (PoSW), and is the first project to use a dual mining model. It combines POW with POS to dynamically adjust the block reward based on hashrate and mining difficulty to stabilize the token price. At the same time, it integrates staking and node governance to achieve ecological cycle.

The mining algorithm of 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, and holding computing power allows users to earn SLD tokens. Users can also complete airdrop tasks to earn points, which can be exchanged for computing power, thus participating in mining at zero cost. Soland was launched in mid-May of this year and is currently mainly targeting overseas users, with relatively few domestic participants.

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SLD Token Economic Model

Soland's governance token is SLD, with a total amount of 2 million, and the current market price is about $2, with a total market value of $4 million when fully diluted.

Soland uses a mining algorithm similar to Bitcoin's SHA256, dynamically adjusting the halving mechanism based on network hash power. Currently, the total network hash power is 5.59 million TH/s, with nearly 20,000 tokens staked and about 140,000 tokens destroyed. The project has no pre-mining, ensuring fair distribution. The next halving is expected to take place on July 2.

SLD distribution scheme: 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 relatively low.

Airdrop Participation Methods

The airdrop operation of Soland is simple and intuitive, mainly carried out through Telegram. The main tasks include joining the official TG group, following Twitter, daily check-in, and inviting friends. Completing tasks can earn points, which can be exchanged for computing power. Holding computing power allows you to mine SLD tokens. The mined SLD can be sold or staked to earn additional income, and the entire process is cost-free.

The specific steps are as follows:

1. Enter the official Telegram bot

2. Complete social tasks ( daily check-in, join TG groups, follow Twitter, etc. )

3. Invite friends to earn extra points

4. Points reaching 10000 can be exchanged for Mining power.

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5. Bind your Solana wallet address

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6. Log in with the Phantom wallet on the official website to confirm binding.

7. Redeem points for computing power in TG bot

8. Hold computing power to start Mining and earn SLD rewards

After obtaining SLD, you can withdraw it on the official website, stake it for high returns, or sell it on decentralized exchanges. The annualized yield from staking is close to 300%. Direct invitations can earn you 20% of the daily earnings of the invited person, while indirect invitations can earn you 10%.

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Soland Summer Invitation Reward Event

In addition to airdrops, Soland is also hosting a computing power purchase invitation reward event from June 17 to July 14, (. Inviting new users to purchase computing power can earn an 8% direct reward and a 4% indirect reward. The event lasts for a total of 4 weeks, with weekly settlements, and the total prize pool reaches one million dollars. Participants can bring benefits to their friends through an invitation link while winning generous rewards.

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Summary

Soland combines mining and staking through the innovative PoSW mechanism to achieve a positive cycle of the token economic model. Zero-knowledge proofs and computational mining enhance network security, allowing more people to participate in node governance and lowering the participation threshold for ordinary users. This has positive implications for the future development of blockchain.

Soland's airdrop campaign is relatively participant-friendly, with a low threshold and stable rewards. Although the daily income of low computing power is not high, it has strong long-term sustainability. By completing tasks and increasing computing power, the daily income will gradually increase. The SLD earned can be cashed out at any time and is suitable for long-term participants. This design is in line with the original intention of the project team to carry out the airdrop and avoid short-term speculation.

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