Meet $HOT from Near Protocol – The Next Big Thing Like Notcoin

NEAR Protocol is a blockchain platform designed for creating decentralized applications (DApps) and smart contracts. Developers use NEAR Protocol to create various decentralized applications, such as financial services, games, marketplaces, and more. For example, NEAR Wallet, which we will discuss later, is the official wallet of NEAR, providing users access to decentralized applications.

NEAR Protocol Partners

Here are some of NEAR’s partners: Binance Custody, Google Cloud for accelerating Web3 startups, blockchain browser Brave, Blumer company, Škoda entering the NFT sector with NEAR to create Škodaverse India, private shard infrastructure provider Calimero, multichain network Octopus, Web3 startup platform Pagoda, and also collaboration with ConsenSys, providing MetaMask, Infura, and other Ethereum tools on NEAR, among many other partners.

🔥 How to Create a Wallet

To create a wallet, click here.

About the $HOT Token

$HOT is a new token suitable for use in the NEAR ecosystem on Telegram. With $HOT, you can conduct real transactions, participate in games, and pay transaction fees through meta-transactions. This token, the first of its kind, has the functionality of native tokens of L1 blockchains.

In the future, $HOT will not be limited to the NEAR ecosystem. After the launch of Chain Abstraction in Q2 2024, users will be able to perform transactions not only on NEAR but also on Ethereum and other Ethereum-compatible networks.

How to Start Mining HOT

🔥 To create a wallet, click here.

🔥 The mining process starts immediately after creating the wallet and receiving your first free HOT token by clicking “Claim” as shown in the screenshot below.

Once you have received your first HOT token, the mining process begins, but it will stop when the “storage” bar is full.

Storage – accumulation or storage. Initially, you have a small flame, and every 2 hours you need to ensure it doesn’t go out. For this, there is a “Storage” indicator. Once the indicator is full, HOT will stop mining until you claim them by pressing the “Claim” button.

Initially, storage lasts only 2 hours of mining, but you can increase it using HOT to extend uninterrupted mining time.

There are 6 storage levels:

• Level 0 – Wooden Storage – 2 hours – free
• Level 1 – Metal Storage – 3 hours – 0.2 HOT
• Level 2 – Modular Storage – 4 hours – 0.5 HOT
• Level 3 – Liquid Storage – 6 hours – 1 HOT
• Level 4 – Titanium Storage – 12 hours – 4 HOT
• Level 5 – Golden Storage – 24 hours – 10 HOT

Increase Mining Speed

Mining Speed

The more HOT you have, the better! Therefore, the most important thing is the mining speed. There are 3 ways to increase it:

Fireplace

The fireplace is responsible for the basic mining speed of HOT, and you can upgrade its level just like the HOT storage level.

There are 5 fireplace levels:

• Level 0 – Wood Fireplace – 0.01 HOT/hour – free
• Level 1 – Stone Fireplace – 0.015 HOT/hour – 0.2 HOT
• Level 2 – Gas Fireplace – 0.02 HOT/hour – 1 HOT
• Level 3 – Neon Fire Space – 0.025 HOT/hour – 2 HOT
• Level 4 – Neon Multicam – 0.03 HOT/hour – 5 HOT
• Level 5 – Golden Fireplace – 0.05 HOT/hour – 15 HOT

Wood

Wood is used to significantly increase HOT mining, specially designed for the most active users who are ready to dive into the NEAR protocol ecosystem. To get a multiplier, you need to complete various tasks.

Referral System

The most effective way to mine HOT is by inviting friends. They have created a two-tier referral system. You get an additional 20% of HOT mined by your direct referral and 5% for each HOT mined by those your referral invites.

Complete Tasks

Complete special missions and get free transactions. Currently, there aren’t many missions, so this opportunity is limited, and for successful mining and earning HOT, you will need to resort to the referral system above.

The goal is to mine as much HOT as possible. This project should not be missed.

Based on the information provided, it is clear that Near Wallet meets the latest trends, and active users can expect profits.

Let’s mine the HOT token together. Waiting for the listing and a good price.

I will update this article as new information becomes available.