Transaction Mining
Last updated
Last updated
Transaction Mining is a method where network participants are rewarded with tokens for performing transactions on a blockchain network. The process incentivizes activity within the ecosystem, with rewards proportional to either the value or volume of the transactions made. These rewards are normally platform-specific tokens, which can be used within the ecosystem or traded on secondary markets.
SoloChain transaction mining is a more accessible and democratized approach to token distribution, which addresses some of the challenges seen in current "fair" launches. SOLO introduces the concept of mining curve launches, which decentralizes and simplifies the process by removing the need for complex hardware and opens up mining to a broader audience. Anyone can participate in the network by contributing or interacting with it in a meaningful way, receiving rewards through transparent, merit-based mining curves. This model supports a "work equals rewards" philosophy but without the high entry barriers typical of traditional mining setups.
Each on-chain transaction within the SoloChain has the potential to reward participants with SOLO tokens, further promoting ecosystem activity and ensuring that contributions, both large and small, are recognized.
Mining curve launches on the SoloChain would allow projects to distribute tokens equitably and transparently while building liquidity, bypassing the need for speculative presales or centralized private sales. This eliminates the need for point-based airdrops or bonding curves, simplifying tokenomics. The SoloChain encourages sustainable participation. Mining launches that have sustainability and fairness in mind will come out on top and build good communities around the projects while launches that are too hard to mine and reward insiders more will naturally underperform.
