How to Mine HOT
HOT is an integral part of the NEAR ecosystem on Telegram. Through the use of meta-transactions, HOT enables users to conduct real transactions on the blockchain, play blockchain games, and pay for transfers. It is the first token to have functionality mirroring native L1 blockchain tokens.
In the future, HOT will be interoperable beyond just the NEAR ecosystem. With the advent of Chain Abstraction in Q2 2024, HOT will be usable for transactions on Ethereum and other Ethereum-compatible networks.
You can learn about all basic wallet functions here.
Starting the Mining Process
The mining process begins as soon as you create a wallet and receive your first free HOT when you click “Claim.”
Once you have claimed your first HOT, the mining process initiates. However, it halts once your Storage bar is filled.
Upgrading Storage
Initially, you have a basic level of Storage, only enough for 2 hours of mining. To continue mining uninterrupted, Storage can be upgraded using HOT.
There are 6 levels of Storage upgrades:
- Level 0: Wooden – 2 hrs – Free
- Level 1: Metal – 3 hrs – 0.2 HOT
- Level 2: Modular – 4 hrs – 0.5 HOT
- Level 3: Liquid – 6 hrs – 1 HOT
- Level 4: Titanium – 12 hrs – 4 HOT
- Level 5: Gold – 24 hrs – 10 HOT
Increasing Mining Speed
The more HOT you have, the faster you can mine. There are three methods to improve mining speed:
- Upgrade the Fireplace using HOT
- Complete Woods missions
- Use the referral system
To maximize HOT accrual, I highly recommend new users sign up with my personal referral link:
https://t.me/herewalletbot/app?startapp=1568734-village-62165
Referrals reward both parties with bonuses and more mining power. Let’s explore this vibrant ecosystem together!