How to mine HOT token

Content

1. What is HOT token
2. How to mine HOT
3. Tips & Tricks to increase HOT mining speed

1. What is HOT token

HOT is a central piece for the NEAR ecosystem inside Telegram. Because of meta-transactions, using HOT lets you do real transactions on the blockchain, play games, and pay for transfers. It is the first FT that has the functionality of native L1 blockchain tokens.

In the future, HOT won't just work with NEAR Ecosystem. After something called Chain Abstraction starts in Q2 2024, you'll be able to use HOT to do transactions on Ethereum and other networks that are like Ethereum.

2. How to mine HOT

To start mining HOT, you only need a Telegram account. I'll show you step by step how to start mining HOT with Telegram.

Setup Telegram Near Wallet

1. Click here to open telegram bot for create Near Wallet
2. Click on "Start" button

3. Click on "Create new account" button

4. Before click on "Create" button, remember your wallet address (Nickname), and backup your Seedphrase

5. Wait for a while, your wallet will be ready

6. There were several screen to show you what is HOT token, mining information, you can skip it
7. The main screen of NEAR Wallet

8. Click on "Claim" button to claim for first 0.01 HOT

9. After your first claim, you need to wait 2 hours before you can harvest HOT again.

10. To increase your mining speed, you should refer your friends to mine alongside you. Click on 'Friends,' then copy the referral link and share it with your friends.

3. Tips and Tricks to increase HOT mining speed

• You need NEAR to claim HOT, which is free for only several claims. If you joined using my referral link, please use this form to input your NEAR wallet address (Nickname). I'll top up NEAR for you to claim HOT and provide USDT upon task completion.
• Storage: Store HOT before claiming. The process will stop at 0.02 HOT if you do not claim.
• Storage: You can spend HOT to upgrade your storage, allowing it to hold more HOT, which reduces the number of times you need to claim each day.
• Speed: default HOT mining speed is 0.01 HOT / hour, you can spend HOT to upgrade it (multiple level)
• Speed: To increase mining speed, I suggest completing 4 tasks under the Boost section. For the first 200 referrals, I will provide a free top-up of 0.5 NEAR and $1 for completing the task.
• The most effective way to mine HOT is by inviting friends. HOT features a two-level referral system. You get an extra 20% after each claim made by your direct referral and 5% after each claim made by those invited by your referral. To invite a friend, click on "Friends" and send the link to your friend.