Recently, the topic of "fur rubbing" has once again become a topic of discussion among many cryptocurrency enthusiasts. Of course, this time everyone is generally disappointed and even angry. The reason is that first there was Layerzero's witch screening and batch selection, followed by the PUA king ZKsync's airdrop, which caused many people to cry out in frustration. Some even paid tens of thousands of dollars in gas fees and interaction costs, but in the end, the profits were less than one-tenth, not to mention the time and other costs.
The two "kings" of the project have made many people want to quit the fur rubbing circle. In fact, we believe that there is no need to do so, because there are still many opportunities in the encryption track, regardless of the size of the project, the project parties have the need to promote their projects and reward early community supporters. The only difference is whether the reward method is recognized by the community and the level of attention it receives.
The size of the airdrop return is not directly related to the quality of the project. Although the "king" level projects have strong backgrounds, they are also very competitive, so the probability of getting an airdrop is small and there is a possibility of loss. The airdrop activities of many project parties may seem average at the beginning, but they may become a dark horse later, bringing rich rewards to their participants. Soland may be such a project.
Soland is a ZK+POW+POS project on the Solana ecosystem, which uses innovative mining algorithms to distribute tokens. The project is currently in its early stages, and the tokens have been listed and can be traded. The official recently conducted incentive airdrop activities, allowing users to complete tasks and receive rewards without spending gas fees or interaction costs, and then complete the monetization process.
What is Soland
Soland is a mining project within the Solana ecosystem. It uses a simplified proof-of-work algorithm (PoSW) and is the first project to adopt a dual mining model. Simply put, by combining POW proof-of-work with POS proof-of-stake, the block reward is dynamically controlled based on computing power and mining difficulty, ensuring the stability of token prices. It also incorporates staking and node governance to achieve ecosystem circulation.
Soland's mining algorithm uses zero-knowledge proofs (ZKP) for transaction verification on the chain. Users can obtain computing power by subscribing to mining machines and participate in the mining process. The official conducted a 20-day pre-sale of mining machines in mid-May this year. Currently, computing power can also be purchased through the official market, and holding computing power can also obtain SLD tokens.
In addition to purchasing computing power, users can also earn points by completing incentive airdrop tasks, and exchange points for computing power. By holding computing power, they can earn mining rewards, thus achieving zero-cost fur rubbing. Soland was launched in mid-May this year and is mainly for foreign users. The number of participants from China is relatively small.
SLD Token Economy
Soland's governance token is $SLD, with a total supply of 2 million tokens. The current market price is around 2u, which means the fully diluted market value is 4 million.
Currently, Soland's mining algorithm uses a simulated BTC SHA256 mining algorithm and dynamically adjusts the halving based on the network's computing power. After reaching a certain number of blocks, the production will be reduced (30 days). The total network computing power is currently 5,596,763 TH/s, with a total staking of nearly 20,000 tokens, and nearly 140,000 tokens have been burned. The project has no pre-mining and achieves fair distribution. The next halving is expected to take place on July 2.
50% of the SLD tokens are allocated for POW mining, 45% for POS rewards, and the remaining 5% for incentive activities and rewards for Soland core contributors, as shown below:
Compared with other mining projects on Solana, such as Ore, which reached a peak price of thousands of dollars after its launch and currently has a price close to 400 dollars, Soland is relatively undervalued.
Airdrop Operation Tutorial
The fur rubbing operation in Soland is relatively simple. We need to use Telegram as an example here, and the operation method is the same for the desktop and mobile versions.
The main tasks of fur rubbing are to join the official Telegram group, follow Twitter, complete daily check-ins, and invite friends for rewards. By completing tasks, you can earn points, exchange them for computing power, and hold computing power to mine LSD tokens. The mined LSD tokens can be sold or staked to earn more profits. The whole process is zero-cost, with no expenses.
- Enter the official Telegram mini program
Open your Telegram account and enter the following URL in the search box on the left:
https://t.me/SolandAIBot?start=5353716426
Search for the bot and select it. Click "Start" and then "APP".
Then a mini program box will pop up.
Click "Starter" to enter the mini program.
- Complete social tasks
Soland's airdrop tasks mainly include daily check-ins, Telegram tasks, Twitter follow, and invitation tasks.
Click "Daily Reward" to complete the daily check-in task.
Click on the Telegram group and channel tasks, then click "Join". The page will automatically redirect to the corresponding group, and we can join these groups (the mini program window will automatically exit).
After joining, repeat the first step to re-enter the Soland mini program, and click the "Check" button for the Telegram tasks to submit the tasks and receive corresponding points.
- Invite friends
Click the "Friends" button, then click the copy button next to "Invite a Friend" to copy the invitation link to the clipboard and send it to friends. When friends use the invitation link to log in and complete tasks, we can receive a reward of 5000 points.
- Exchange computing power
When our points reach 10,000 or more, we can exchange them for computing power.
First, bind the Solana wallet in the mini program. Click the "Hashrate" button, enter the Solana wallet address in the Phantom browser plugin on your computer, and click the "Confirm" button. Here, the wallet binding is not yet complete, and we need to continue with the next steps.
Next, open the browser and go to the website https://soland.ai/. Log in using the Phantom wallet plugin and sign the message. This completes the wallet binding.
After completing the steps, reopen the Soland mini program by following the instructions in the first step (or reload the mini program), and then click "Hashrate".
Enter the number of coins you want to exchange for computing power, or select "Largest", and click "Confirm".
Note: In some computers, the "Confirm" button may not be fully displayed, meaning that part of it may be obscured, as shown in the figure below. Click the refresh button in the upper right corner to fix it.
After completing the steps, go to the "My Assets" section on the Soland page in the browser to view the computing power you have exchanged. This zero-cost fur rubbing process is simple and worth participating in.
- Earn profits, withdraw, stake, and trade
After obtaining computing power, holding the computing power will earn corresponding SLD token rewards. The image below shows the earnings of holding 5T of computing power after 12 hours. To earn more profits, we need to obtain more computing power and hold it for a longer time, and invite more players to participate.
When the earnings accumulate to a certain amount, we can withdraw them. Open the browser and go to https://soland.ai/. After logging in with the Phantom wallet, click the "My Assets" link to see the withdrawal function.
Click the "Withdraw" button, enter the withdrawal amount on the page, and then click "Extract Now" to complete the withdrawal.
Similarly, if you want to stake the mined LSD tokens, you can click "Stake" and enter the amount to stake to earn staking rewards.
The staking yield is also considerable. Participating in staking can achieve an annualized yield of nearly 300%. In addition, direct referrals can receive 20% of the daily earnings of the invitees, and indirect referrals can receive 10%. The specific earnings are as follows:
The obtained SLD tokens can also be traded on exchanges such as Jupiter for stablecoins like USDC. The price at the time of writing is around 2u.
Soland Summer Invitation Contest
In addition to airdrop rewards, Soland also has an invitation reward activity for purchasing computing power, which runs from June 17th to July 14th. During this period, by inviting new users to purchase computing power in Soland's market, you can receive invitation rewards. Direct referrals can receive 8% of the purchased computing power as rewards, and indirect referrals can receive 4% of the computing power.
We can find our own invitation link in https://soland.ai/. Users who receive the invitation and purchase computing power in the Hashrate Market during the week will reward the inviter with LSD or USDT. The invitation rewards are settled once a week and divided into four weeks.
Direct and indirect referrals can share a million-dollar reward pool. The specific invitation rewards are as follows:
Summary
Soland combines mining and staking in its PoSW model to achieve the circulation of token economy. The use of ZK zero-knowledge proofs and mining can enhance network security, and more people can participate in node governance, achieving decentralization and reducing the threshold for ordinary participants. This is a meaningful attempt and innovation for the future of blockchain.
At the same time, Soland is also friendly to airdrop participants, with low thresholds and computing power rewards, providing stable income and various referral rewards. For airdrop players, although the daily earnings from low computing power may be small, this income is long-term. As long as they continue to complete tasks and exchange for more computing power, the daily airdrop earnings of SLD will continue to increase. In addition, the airdropped SLD can be cashed out at any time, which is very friendly to long-term players and not just a short-term speculation process. This also reflects the meaning of the project's airdrop activities itself.