Soland is a ZK+POW+POS project on the Solana ecosystem, which uses an innovative mining algorithm to implement the token distribution process. The project is currently in its early stages, and the tokens have been launched and can be traded. The official recently conducted an incentive airdrop event, and users can complete tasks and receive rewards without spending gas fees or interaction costs, and complete the monetization process.
What is Soland
Soland is a mining project within the Solana ecosystem. It uses a simple proof-of-work algorithm (PoSW) and is also the first project to adopt a dual mining model. Simply put, by combining POW proof-of-work with POS proof-of-stake, it dynamically adjusts according to computing power and mining difficulty, thereby achieving dynamic control of block rewards, ensuring the stability of token prices, and integrating pledge and node governance to achieve the cycle of the ecosystem.
Soland's mining algorithm uses zero-knowledge proof (ZKP), which can be used to verify on-chain transactions. Users can obtain computing power by subscribing to mining machines to realize the mining process. The official pre-sale of mining machines lasted for 20 days in mid-May this year. Currently, you can also purchase computing power through the official market, and you can also obtain SLD tokens by holding computing power.
In addition to purchasing computing power, users can also obtain points by completing incentive airdrop tasks, redeem points to obtain computing power, and obtain mining income by holding computing power, thus achieving a zero-cost process. Soland was launched in mid-May this year, and currently it is mainly for foreign users. Relatively speaking, there are not many domestic participants.
SLD Token Economy
Soland’s governance token is $SLD, with a total of 2 million tokens. The current market price is around 2u, which means the total market value after full dilution is 4 million.
At present, Soland's mining algorithm uses the SHA256 mining algorithm that simulates BTC, and realizes dynamic adjustment of halving according to the computing power of the network. After reaching a certain block, it will reduce production (30 days). At present, the total computing power of the whole network is 5,596,763 TH/s, the total pledge is close to 20,000 tokens, and nearly 140,000 tokens have been destroyed. The project has no pre-mining and fully realizes fair distribution. The next halving is expected to take place on July 2.
SLD is allocated 50% of tokens for POW mining, 45% of tokens for POS rewards, and the remaining 5% of tokens for incentive activities and Soland core contributor rewards, as follows:
Compared with other mining projects on Solana, such as Ore, the highest price reached thousands of US dollars after its launch, and the current price is close to 400 US dollars. Therefore, Soland is relatively still in a value trough.
Airdrop Operation Tutorial
Soland's hair-pulling operation is relatively simple. We need to use TG. Here we take the desktop version as an example. The operation method of the mobile version is the same.
The main tasks of LuMao are to enter the official TG group, follow Twitter, sign in daily, and invite friends for rewards. You can get points by completing tasks. You can exchange points for computing power. You can mine LSD token rewards by holding computing power. The mined $LSD tokens can then be sold or staked to earn more income. The whole process is 0 cost and there is no expenditure.
1. Enter the official Telegram applet
Open the Telegram account and enter: SolandAIBot in the search box on the left
Search for the bot, select it, click "Start", then click "APP"
Then a small program box will pop up
We click "Starter" to enter the mini program.
2. Complete social tasks
Soland's airdrop tasks are mainly divided into daily check-in, Telegram tasks, Twitter follow-up and invitation tasks
Click "Daily Reward" to complete the daily check-in task
Click on Telegram's task of joining groups and channels, then click "Join", the page will automatically jump to the corresponding groups, and we will join these groups (the mini program window will automatically exit).
After joining, repeat the first step to re-enter the Soland applet, click the "Check" button of the Telegram task, and you can submit the task to get the corresponding points.
3. Invite friends
We click the "Friends" button, and then click the copy button on the right side of Invite a Friend to copy the invitation link to the clipboard and send it to friends. In this way, after friends use the invitation link to log in and complete the task, we can get a reward of 5,000 points.
4. Exchange computing power
When our points reach 10,000 points or more, we can exchange computing power
First, bind the Solana wallet in the mini program. We click the "Hashrate" button, enter the Solana wallet address in the Phantom browser plug-in on our computer, and click the "Confirm" button. The wallet binding has not been completed here, and we still need to proceed to the next step.
Next, open the browser, go to the website https://soland.ai/, log in using the browser plug-in Phantom, and sign the message. Now we have completed the wallet binding.
After completion, follow the first step of the tutorial to reopen the Soland applet (you can also reload the applet), then click "Hashrate"
Enter the number of coins you want to exchange, you can also select Largest, and click Confirm.
Note: On some computers, the Confirm button may not be fully displayed, that is, a part of it may be blocked, as shown in the figure below. Just click Refresh in the upper right corner.
After completion, we can click "My Assets" on the Soland page of the browser to view the computing power we exchanged. The process of this zero-cost activity is very simple and worth participating.
5. Obtain income, withdraw coins, pledge and trade for cash
After obtaining computing power, we can get corresponding SLD token rewards by holding computing power. The figure below shows the income after holding 5T computing power for 12 hours. If we want to get more income, we need to obtain more computing power and hold it for a longer time, and invite more players to participate.
When the income accumulates to a certain amount, we can withdraw the money. Open https://soland.ai/ in the browser and log in with the Phantom wallet. Then click the "My Assets" link to see the withdrawal function.
We click the Withdraw button, enter the amount of money to be withdrawn on the page, and then click "Extract Now" to complete the withdrawal.
Similarly, if you need to stake the mined LSD, you can also click “Stake” to enter the amount to stake and obtain staking income.
The return on staking is also considerable. Participating in staking can get an annualized return of nearly 300%. In addition, direct invitations can get 20% of the daily income of the invitees, and indirect invitations can get 10%. The specific benefits are as follows:
The SLD tokens obtained can also be traded on exchanges such as Jupiter and exchanged for stablecoins such as USDC. As of the time of writing, the price is around 2u.
Soland Summer Invitational Rewards Competition
In addition to airdrop rewards, Soland also held an invitation reward activity for purchasing computing power from June 17 to July 14. During this period, you can get invitation rewards by inviting new users to purchase computing power in Soland's market. In addition, direct invitations can get 8% of the corresponding computing power purchased by the invitee, and indirect inviters can also get 4% of the computing power.
We can see our invitation link at https://soland.ai/. If the invited user purchases computing power through Hashrate Market that week, the inviter can get LSD or USDT rewards. Invitations are settled once a week, for a total of four weeks.
The computing power of direct invitations and indirect invitations can share the million-dollar reward. The specific invitation rewards are as follows:
Summarize
Soland realizes the cycle of the token economic model through the dual combination of mining and staking, PoSW. Through ZK zero-knowledge proof technology and computing power mining, the security of the network can be improved. More people can also participate in node governance, realizing the decentralization of the network and lowering the threshold for ordinary participants. This is a very meaningful attempt and innovation for the future of blockchain.
At the same time, Soland is also friendly to players in its airdrop activities. The low threshold and computing power rewards can provide participants with stable income and multiple forms of referral rewards. For airdrop players, although the daily income of low computing power is relatively small, this income is long-term. As long as you continue to complete tasks to exchange for more computing power, the daily airdrop SLD income will continue to increase. In addition, the airdropped SLD can be cashed at any time, which is very friendly to long-term players, rather than a short-term speculative process. This is also in line with the meaning of the project party's airdrop activities.
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