Hot-Near wallet is one of the promising platforms in the crypto world with a great advantage in both registration and user friendly. This platform gives you a chance to engage in minning through the use of telegram.

Hello investors,
Today we will be looking into the Hot token and how it might become a great project. Let's look into what it is and how to navigate through it. Hot token uses a direct wallet linking to near wallet, as we must have a near wallet to be a part of this project. So first let's look into near wallet.

What is near wallet

According to incrypted NEAR Wallet is a non-custodial wallet that works as a web application in Telegram. It supports the NEAR network and its assets, including HOT tokens. You can use HOT tokens to pay commissions within the wallet. The developers say this is the first time a project token works as a cryptocurrency.

Launched on January 31, 2024, the product attracted 200,000 users within the first 36 hours. The main reason for this influx of users is the opportunity to mine HOT at a low cost.

The extension received swift support from major cryptocurrency exchanges. The blockchain has domain names that reflect the address’s affiliation with Telegram.

Binance, Gate.io, OKX, KuCoin, Bitget and HTX have already announced the possibility of using them for NEAR deposits.

Peter Volnov, the head of HERE Wallet, told Incrypted that over 470,000 users have accounts in NEAR Wallet. Additionally, more than 350,000 users mine HOT daily. This sets a new record for the NEAR ecosystem, as SweatCoin had only about 110,000 daily active users.

NEAR Wallet is a simplified version of the HERE Wallet. The creators have big hopes for the Telegram version. The NEAR Foundation even mentioned the app on social media.

How to mine to HOT token

To start minning hot token just click on the link below and follow the process below as well.
Link: https://t.me/herewalletbot/app?startapp=706059-village-36312

Mining in NEAR Wallet is straightforward.
NEAR Wallet Interface. Source: NEAR Wallet.
1• After setting up your wallet, click on ‘Claim’ in the main menu to begin mining.
HOT token mining, step 1. Source: NEAR Wallet.
2• Click on the ‘Claim’ button again on the next screen and wait for 0.01 HOT.
HOT token mining, step 2. Source: NEAR WALLET
3• The mining process begins.

HOT token mining, step 3. Source: NEAR Wallet.

From the main menu, you can check the balance of HOT tokens and the total stored assets.

HOT token mining. Source: NEAR Wallet.
Mining is an automated process that doesn’t need constant intervention. After a set time, the vault fills up, and you need to extract tokens for more mining by clicking ‘Claim HOT’.

Ways to improve your minning of hot token

Friends

Using a referral link enables you to receive a 20% bonus from the invitee’s income and 5% from their referrals.

Boost

The miner is encouraged to buy upgrades for HOT:

Storage – increase storage capacity;
Fireplace – speed up passive token mining;
Wood – mining speed multiplier.

Plans for HOT token Development

According to incrypted The developers say that using the Chain Abstraction principle in the NEAR blockchain will let the token be used for commission payments in any network. The token might get listed on centralized exchanges, but there are no announcements about it now. Furthermore, you cannot withdraw the asset from the NEAR Wallet.

Volnov said that when the number of miners hits 700,000, developers will introduce a ‘villages’ system in the application. These villages will receive 5% of the income generated by their users. Community members can then distribute the assets.

The mining process will remain ‘static’. Volnov said the team would unlock two new booster levels “in the next two weeks,” concluding innovations in this area.

We try to keep the mining process balanced so as not to violate the main principle — fair distribution of tokens among real users. This is very important for the next stage of the project. However, there will be HOT allocation to several game projects within the new NEAR ecosystem of Telegram and users will be able to win HOT in these applications.

Conclusion:
I believe with the level of development and innovation of this platform, it will become a very good project in the nearest future. It is user friendly and gives users the opportunity to navigate the near wallet as well.

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