New Solana Ecosystem Project Soland: Innovative Mining Model and Incentive Airdrop Activities

Recently, discussions about Airdrops in the cryptocurrency community have heated up again. Some well-known projects' Airdrop activities have left participants feeling disappointed, and even angry. Some people have incurred huge costs, but their final returns are minimal. This has led many to consider exiting the "farming" circle.

However, there are still many opportunities in the cryptocurrency space. Regardless of the size of the project, there is a need to promote and reward early supporters. The key lies in whether the reward method is recognized by the community and whether the project can attract widespread attention.

The size of the airdrop returns is not entirely correlated with the quality of the project. Well-known projects, despite having strong backgrounds, face intense competition, making the probability of receiving airdrops relatively low and even potentially resulting in losses. In contrast, some projects that appear ordinary in the early stages may become dark horses later on, bringing substantial returns to participants. Soland may belong to this category of projects.

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 tokens are already trading. The official team has recently launched an incentive Airdrop activity, allowing users to complete tasks and earn rewards without paying Gas fees or incurring interaction costs.

Introduction to Soland

Soland is a mining project within 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 (Proof of Work) with POS (Proof of Stake), dynamically adjusting according to computing power and mining difficulty, achieving dynamic control of block rewards to ensure stable token prices. At the same time, it incorporates staking and node governance, forming an ecological cycle.

The mining algorithm of Soland uses zero-knowledge proof (ZKP) for on-chain transaction verification. Users can obtain computing power by subscribing to mining machines and participate in mining. The official pre-sale of mining machines lasted for 20 days in mid-May, and users can now purchase computing power in the official market. Holding computing power allows users to earn SLD tokens.

In addition to purchasing hash power, users can also complete incentive airdrop tasks to earn points, exchange points for hash power, thereby achieving zero-cost participation. Soland was launched in mid-May this year and is currently mainly aimed at overseas users, with relatively few domestic participants.

SLD Token Economic Model

The governance token of Soland is SLD, with a total supply of 2 million tokens. The current market price is approximately 2 USD, which means the fully diluted market cap is 4 million USD.

Soland uses a mining algorithm similar to Bitcoin's SHA256, dynamically adjusting the halving period based on network hash power every 30 days (. Currently, the total network hash power is approximately 5.59 million TH/s, with nearly 20,000 tokens staked and about 140,000 tokens burned. The project has not conducted pre-mining, achieving fair distribution. The next halving is expected to take place on July 2.

SLD Allocation Plan:

• 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 currently still in a value trough.

Airdrop Participation Guide

The airdrop event of Soland is simple to operate, mainly completed through Telegram. Here are the specific steps:

1. Enter the official Telegram mini program

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2. Complete social tasks: Daily check-in, join Telegram group, follow Twitter, etc.

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3. Invite friends to receive additional rewards

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

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5. Bind Solana wallet address

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6. Hold computing power to earn SLD token rewards

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7. Withdraw tokens, stake or trade for cash

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![0 Cost, No Tricks, No Arbitrage, ZK Proof Computing Project Soland Feeding Level Airdrop Tutorial])https://img-cdn.gateio.im/webp-social/moments-1ad7b7329d85532a16c13a4303249e5f.webp(

Participants can obtain more computing power and increase daily earnings by continuously completing tasks. Inviting new users also allows you to earn 20% of the invited user's earnings and 10% from indirect invitations.

![0-cost, no tricks, no rebound, ZK proof computing power project Soland feeding level tutorial])https://img-cdn.gateio.im/webp-social/moments-93e84fce7a3cad0edaf0bfed1d1a8351.webp(

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Soland Summer Invitation Reward Event

In addition to Airdrop, Soland also launched a computing power purchase invitation reward activity from June 17 to July 14, ). Inviting new users to purchase computing power can earn corresponding rewards, with a direct invitation earning 8% computing power and an indirect invitation earning 4%.

The event has set up a million-dollar prize pool, and rewards will be distributed based on the total invited computing power. This provides users with additional earning opportunities.

Summary

Soland has achieved a token economic cycle through the innovative PoSW model, combining Mining and staking. Zero-knowledge proof technology and computational Mining enhance network security while lowering the participation threshold for ordinary users, which is conducive to achieving decentralization.

The airdrop event of Soland is friendly to participants, with low thresholds and stable rewards. Although initial returns are small, long-term participation can sustainably increase returns. This design helps attract long-term users rather than short-term speculators, which is more in line with the original intention of the project team to carry out airdrops.