Soland Project: A New Opportunity to Earn Returns at Zero Cost

Recently, airdrop activities in the crypto space have sparked widespread discussion. While the results of some large project airdrops have been disappointing, there are still many opportunities in the crypto industry. Projects vary in size, but all have a need to promote and reward early supporters. Airdrop returns are not entirely linked to project quality; some seemingly ordinary projects may become dark horses and bring substantial returns to participants. Soland could be one such project.

Soland is a project on the Solana ecosystem that combines ZK, POW, and POS, allocating tokens through an innovative mining algorithm. Currently, the project is in its early stages, and the tokens are already listed for trading. Recently, the official team held an incentive airdrop event, allowing users to complete tasks and earn rewards without having to pay Gas fees or interaction costs.

Introduction to Soland

Soland is a mining project in the Solana ecosystem that adopts a simple proof-of-work algorithm (PoSW) and is also the first project to use a dual mining model. It combines proof-of-work (POW) with proof-of-stake (POS), dynamically adjusting according to computing power and mining difficulty to achieve dynamic control of block rewards, ensuring token price stability, and integrating staking and node governance to form an 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 also be purchased in the official market, and 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, 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 about 2 USD, and the total market capitalization after full dilution is approximately 4 million USD.

Soland uses a mining algorithm similar to Bitcoin's SHA256, implementing dynamic halving adjustments based on network hash power, reducing production every 30 days. Currently, the total network hash power is 5.59 million TH/s, with nearly 20,000 tokens staked and nearly 140,000 tokens burned. The project has no pre-mining, ensuring fair distribution. The next halving is expected to take place on July 2.

SLD Allocation Plan: 50% for POW mining, 45% for POS rewards, and 5% for incentive activities and core contributor rewards.

Compared to other mining projects on Solana like ore, which reached a peak price of several thousand dollars after launch and is currently still close to 400 dollars, Soland is still in a value trough.

Airdrop Participation Guide

The airdrop operation of Soland is simple and mainly conducted through Telegram. The main tasks include: joining the official TG group, following on Twitter, daily check-ins, and inviting friends. Completing tasks earns points, which can be exchanged for computing power, and holding the computing power allows you to mine SLD token rewards. The mined SLD can be sold or staked to earn more rewards, and the entire process is cost-free.

The specific steps are as follows:

1. Search for and enter the SolandAIBot mini program on Telegram.

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

3. Copy the invitation link to invite friends to participate

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4. When the points reach 10,000 or more, they can be exchanged for computing power in the mini program.

5. Bind Solana wallet address on the official website

6. Hold computing power to receive SLD token rewards.

7. Withdraw mined SLD from the official website, with the option to stake or sell on the exchange.

Soland Summer Invitation Event

In addition to airdrops, Soland has also launched a computing power purchase invitation reward program, running from June 17 to July 14. Inviting new users to purchase computing power can earn you 8% of the corresponding computing power as a reward, while indirect invitations can earn you 4%. The program is settled weekly, for a total of four weeks.

Both direct and indirect invited computing power can share a million dollar reward. The invitation rewards are set at different levels based on computing power rankings, with a maximum of 100,000 USDT.

Summary

Soland combines mining and staking through PoSW to achieve a circular 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, which is a meaningful attempt towards the future of blockchain.

The airdrop activity of Soland has a low threshold, providing participants with stable income and various referral rewards. Although the daily earnings from low computing power are small, the profits are long-term. Continuous participation can increase daily SLD earnings, and they can be converted into cash at any time, making it friendly for long-term players and aligning with the original intention of the project team's airdrop.