Soland: A Solana ecosystem project that achieves token distribution through an innovative mining algorithm.

Recently, cryptocurrency airdrops have become a hot topic again. Some airdrop events from large projects have left participants feeling disappointed, even angry. Some have incurred huge Gas fees and interaction costs, but their final gains are negligible. This has led many to consider withdrawing from the airdrop circle.

However, there are still many opportunities in the cryptocurrency space. Regardless of the size of the project, there is a demand for promoting and rewarding early supporters. The key lies in whether the reward methods are recognized by the community and the level of attention the project receives. Airdrop returns are not always proportional to project quality. Well-known projects, although backed by strong foundations, face fiercer competition and have a lower probability of receiving airdrops, potentially even leading to losses. Some seemingly ordinary projects may later become dark horses, bringing substantial returns to participants. Soland may belong to this category of projects.

Soland is a project in the Solana ecosystem that combines ZK, POW, and POS, distributing tokens through an innovative Mining Algorithm. Currently, the project is in its early stages, and the tokens are already available for trading. The official team has recently launched an incentive airdrop campaign, allowing users to complete tasks and earn rewards without having to pay Gas fees or interaction costs, and they can also realize monetization.

Introduction to Soland

Soland is a mining project within the Solana ecosystem, utilizing a simplified 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 based on hash power and mining difficulty, achieving dynamic control of block rewards to ensure token price stability. The project also incorporates staking and node governance to realize ecological circulation.

The mining algorithm of Soland uses zero-knowledge proof (ZKP), which can be used for on-chain transaction verification. Users can obtain computing power by subscribing to mining machines to achieve mining. The official held a 20-day pre-sale of mining machines, and currently, users can also purchase computing power through the official market, holding computing power can earn SLD tokens.

In addition to purchasing computing power, users can also complete incentive airdrop tasks to earn points, exchange points for computing power, and hold computing power to obtain mining rewards, thus achieving zero-cost participation. Soland went live in mid-May this year and is currently mainly aimed at foreign 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 a fully diluted market cap of 4 million USD.

The mining algorithm of Soland mimics Bitcoin's SHA256 algorithm, dynamically adjusting the halving cycle based on network computing power. Currently, the total network computing power is approximately 5.6 million TH/s, with nearly 20,000 tokens staked and about 140,000 tokens destroyed. The project has no pre-mining, ensuring fair distribution, with the next halving expected to take place on July 2.

The allocation scheme for SLD is: 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 pit.

Airdrop Participation Tutorial

The airdrop operation of Soland is relatively simple, mainly by completing social tasks to earn points, which can be exchanged for computing power to hold in order to receive SLD token rewards. The entire process is cost-free, with no expenses required. The main steps are as follows:

1. Enter the official Telegram mini program

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

3. Invite friends to earn extra points rewards

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

5. Holding computing power will earn SLD token rewards.

6. You can choose to withdraw SLD tokens, stake, or cash out on the exchange.

The project also offers staking functionality, with an annualized yield rate close to 300%. Direct invitations can earn 20% of the daily earnings of the invited party, while indirect invitations earn 10%.

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. During this period, inviting new users to purchase power can earn corresponding rewards. Direct invitations earn 8% of the invited user's power purchase, while indirect invitations earn 4%. The event settles weekly, lasts for a total of four weeks, and has a total prize pool of up to one million dollars.

Summary

Soland achieves a virtuous cycle of the token economic model through the innovative PoSW model, combining mining and staking. Zero-knowledge proof technology and computational mining enhance network security, lower the participation threshold for ordinary users, and facilitate decentralization.

The airdrop event of Soland is relatively friendly to participants, with a low threshold and providing long-term stable returns. Although low mining power yields less daily income, continuous participation can steadily increase returns. This long-term incentive mechanism aligns with the original intention of the project team’s airdrop and helps cultivate a loyal user base. For users seeking long-term involvement, Soland is a project worth paying attention to.