HOT: The Next Big Thing in Secure Crypto Wallets
Hot wallet wants to allow anyone send cryptocurrency to .tg type of address on Telegram.
Hey there! If you’re a airdrop farmer like me, you’ll know that the landscape is constantly evolving. In months back, Notcoin became the buzzword on Telegram, and soon enough, everyone wanted to mine NOT. The success of this project inevitably led to a wave of imitators, each bringing something new to the table. One such fascinating development is the HERE Wallet which is Self-custodial wallet for NEAR Protocol.
TON has its wallet on Telegram, and now Near also now have a wallet in Telegram with incentives of mining $HOT token on it.
Build in DEX aggregator, NFTs, non-blocking staking and weekly airdrop which operates on the NEAR blockchain. Created by Illia Polosukhin, this wallet has gained significant support and attention.
I recently dived into the HOT Protocol and NEAR ecosystem and found it incredibly intriguing. Let me take you through what I discovered and why you should consider mining $HOT tokens.
What is HERE Wallet on Telegram?
HERE Wallet is a non-custodial wallet integrated into Telegram as a web application. It supports the NEAR network and its assets, including HOT tokens. Launched on January 31, 2024, it attracted 200,000 users within the first 36 hours! The major allure? The opportunity to mine HOT tokens at a minimal cost. This influx of users shows just how much interest there is in easy and accessible mining opportunities.
The NEAR Wallet is a simplified version of the HERE Wallet, with high hopes pinned on its success within the Telegram community. The NEAR Foundation has even highlighted the app on social media, and major exchanges like Binance, Gate.io, OKX, KuCoin, Bitget, and HTX support NEAR.HOT Protocol is a decentralized MPC network running on top of @NEARProtocol Chain Abstraction.
Over HOT, you can create self-custodial wallets compatible with Bitcoin, Base, Ethereum, Solana and other chains. On HOT wallets you will be able to replace the seed phrase, use 2FA, share account and much more. HOT accounts will also get exclusive activity.
HERE Wallet Ecosystem: More Than Just a Wallet
The NEAR Wallet ecosystem offers more than just token mining and crypto transactions. It provides direct access to several platforms related to NEAR and HOT, available through the Telegram app. Here’s a quick rundown of what you can find:
- HAPI Score: A wallet reputation app.
- Uwon app: A meme trading platform.
- NFT Marketplace Mitte: Currently supports collections like DoubleDog and USMen.
- HOT Pad: A launchpad for token sales.
- HOT Mint: A platform for launching NFT collections.
The ecosystem is growing, and we can expect more projects related to HOT and increased activity from users in these applications. Engaging in all this increases $HOT mining.
How to Start Mining HOT Tokens
Mining HOT tokens through the NEAR Wallet is straightforward. Here’s how you can get started:
- Set Up Your Wallet: Once your wallet is set up, click on ‘Claim’ in the main menu to begin mining.
- Initiate the Mining Process: Click the ‘Claim’ button again on the next screen to start mining. You’ll initially get 0.01 HOT.
- Check Your Balance: From the main menu, you can check your HOT token balance and the total assets stored.
The process is automated, requiring minimal intervention. You’ll need to extract tokens by clicking ‘Claim HOT’ periodically. Initially, you get ten free chances to mine tokens without commission. After that, you can:
- Complete social tasks for extra free transactions.
- Pay commissions with NEAR tokens (about $0.005).
- Pay commissions with HOT tokens (more expensive).
Enhancing Your Mining Efficiency
To boost your mining efficiency, you can:
- Invite Friends: Use a referral link to earn a 20% bonus from your invitees’ income and 5% from their referrals.
- Buy Upgrades: Purchase storage, fireplace, and wood to increase storage capacity, speed up passive token mining, and multiply mining speed, respectively.
The Future of HOT’s Development
The developers have exciting plans for HOT’s development. By using the Chain Abstraction principle in the NEAR blockchain, HOT tokens could be used for commission payments across various networks. Although there’s no announcement about listing HOT on centralized exchanges yet, it’s a possibility.
Peter Volnov, head of HERE Wallet, mentioned that when the number of miners hits 700,000, a ‘villages’ system will be introduced, where villages receive 5% of the income generated by their users. This innovative approach aims to maintain fair token distribution among real users, crucial for the project’s next stage.
HOT Protocol: Redefining Security and Decentralization
HOT Protocol is the next stage in this exciting journey. It introduces a network of validators for creating and securing MPC wallets, which are more convenient than traditional seed phrase-based solutions. MPC wallets divide the private key into several parts, each stored on separate secure servers. This decentralized approach eliminates centralization risks and enhances security.
With HOT Protocol, you get the added benefits of 2FA, account recovery, and dynamic mnemonic phrases. This protocol ensures that no single entity controls your wallet, giving you true ownership and control over your assets.
Conclusion: Why You Should Start Mining HOT Today
The rapid growth of NEAR Wallet, which reached 200,000 users in just 36 hours, highlights the demand for easy and accessible token mining. The HOT Protocol offers a secure, decentralized, and rewarding way to manage your crypto assets. By mining HOT, you’re not only earning rewards but also contributing to a more secure and decentralized financial system. This mining also involve loads of transactions if you want to make the best out of it.
So, what are you waiting for? Join the HOT click here, start mining, and be a part of the future of crypto wallets. Use the firedrop password hot4me to get started and dive into this exciting new world today!
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