HOT (Near Protocol) Mining and some hints
Hello friends!
After a long break, I decided to resume my mini-blog and while there is a little lull with Foil Network (at the moment Meme project is being listed on fundraising platforms), I will try to make some guides on crypto projects that have attracted attention.
Naturally, no obscure half-scams or anything like that. Also, I will try to make guides on projects that do not require investment. That is, only on those where you can connect without any funds at all (no matter whether in crypto or fiat).
And the first in line is the HOT project on NEAR PROTOCOL.
HOT is a token on Near Protocol platform, using Telegram wallet and addresses of <your_nickname.tg> format, which are now quietly supported by HTX, OKX and Binance exchanges. Direct deposit-withdrawal-swap HOT is now closed, but 99% will open in the future.
You can connect your wallet here (apologies in advance for the referral link).
I checked the NEAR input to the wallet from HTX, it works, as well as swap NEAR to USDT and back. Which, by the way, I’ll tell you more about next.
The so-called “mining” of HOT token is simple as hell. Just go to your wallet and once every 2 hours (initially) you can collect the collected coins.
Gas is not spent on this at the beginning, there are some free transactions from the bounty of NEAR, which can be increased by clicking on tasks like “connect to telegram channel” and “subscribe to youtube”. In the future, if you don’t want to invest a penny, transactions can be paid directly in HOT tokens.
Fun point. Apart from the fact that these tasks are performed immediately on click (i.e., require no actual action from the user other than subscribing to tg channels), some number of transactions I had did not require gas at all, neither in NEAR nor in HOT. Or the transaction cost in HOT was so small that I didn’t see it visually.
At the very beginning you will receive 0.01 HOT per hour, at the same time, the storage will be filled for two hours. That is, coming in once every two hours you will be able to withdraw 0.02 HOT. Yes, it is not enough, but there is a possibility to improve these parameters. For this purpose, there is the Boost menu.
Everything is very simple here. The top line is the storage. The bigger it is, the less often you can go to your wallet to withdraw coins.
So far there are 6 levels of storage:
Level 0 — Wooden Storage — 2 hours — free of charge
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 — Gold Storage — 24 hours — 10 HOT
The next thing is to increase the speed of getting coins. The increase is linear, if you have enough time to access your wallet, this is the first thing to improve.
So far there are 5 levels to improve
Level 0 — Wood Firespace — 0.01 HOT/hour — free.
Level 1 — Stone Firespace — 0.015 HOT/hour — 0.2 HOT
Level 2 — Gas Firespace — 0.02 HOT/hour — 1 HOT
Level 3 — Neon Firespace — 0.025 HOT/hour — 2 HOT
Level 4 — Neon Multi-Firespace — 0.03 HOT/hour — 5 HOT
Level 5 — Gold Fireplace — 0.05 HOT/hour — 15 HOT
And the last line is missions. Extremely useful thing, as their fulfilment gives a constant multiplier of mined coins. There are now 4 missions available, which give a maximum x2 multiplier.
And here’s where I’ll share the first trick. The first mission is nothing special. Just download the mobile app, import your account there (I managed to do it via seed import) and click on the execute button.
There’s nothing complicated with a referral either. In case you are a hereditary hikikomori, you can invite a second tg-account, or ask any acquaintance who has Telegram and who will not send you in response to such a request =)
The two centre missions, on the other hand, have a slight vulnerability. For them you need to show that your wallet has 0.5+ NEAR and 1+ USDT. The important thing is that you need to show only for the duration of the mission, you don’t need to keep funds on your wallet all the time. The commission to withdraw NEAR from HTX is 0.01 NEAR, which is about 3.5 cents, and the wallet itself has the ability to quickly swap NEAR to USDT.
So the scheme is clear. I transferred about $10 in NEAR-equivalent from HTX, fulfilled the task for 0.5 NEAR on the wallet, changed half of it to USDT (for the swap to work it is necessary to have at least 0.2 NEAR on the wallet) and fulfilled the second mission. After that I sent the funds back to the exchange. The total loss on commissions was about 0.15$, which is quite adequate.
There is also an additional trick with the fulfilment of this mission, but about it a little later.
Next we have the second deliciousness. Referral system. As much as this thing is not hated, but it is quite workable for raising popularity, so now there is virtually in any gaming crypto project.
Again, it’s simple. 20% of the referral’s production goes as a cashback to you. You also get 5% of the referral’s production. Good thing there’s only two levels. It protects you from building monstrous pyramids with million-dollar profits of their tops.
Additionally, there is a nice button to remind the referral that his vault is full and you can collect coins. Gives a slight but pleasant sense of self-importance, yes ….
Now a little trick. If you have gathered trusted friends, and not just randoms, you can in one go to help them complete missions to own crypto. It’s very simple. You do it yourself, pass NEAR to your friend, he does it, passes it on… At the end the funds are returned to you and you throw them back on the exchange. Total losses on commissions are a bit more, but in theory they can pay off, as it will directly increase your income (remember about 20% of the income of the referral).
Let’s move on to the Village section.
This is a collaborative content that has literally just launched, so there’s not much to it. You can create your own “village”, you can join another, you can invite friends.
5% of all income of participants is collected in the village store, further promise the ability to distribute these funds between participants, or buy improvements for the village in the shop.
There are also statistics, which shows the activity of users of the village. To maintain 100% is enough to all users at least once a day to get coins from “mining”. Bonuses are promised for maintaining high activity, but so far they are apparently in development.
The funny thing is that you can make a village of one participant (yourself) and get virtually free 5% bonus to mining. It’s a small thing, but it’s nice.
How to make your own village? First, create a group in Telegram and give it a name. Next, click on Create Village. You will be thrown into a chat room with a tg-bot. Click Start and send him a link to your group. That’s it. The village is created.
Next up is the Apps menu. As I understand it, there will be applications where you can spend your hard-earned loot.
At the time of writing this guide, there is only the 20k Hot Boxes app.
It is, in fact, a way to withdraw accumulated HOT tokens from circulation, plus the first opportunity to get live money.
Basically, there are 3 kinds of chests. For 0.1 HOT, 1 HOT and 5 HOT. Different liquid tokens fall out of them. For the first chest only USDT, for the second USDT and AURORA, for the third USDT, AURORA and NEAR.
A total of 14 thousand chests of the first kind, 5 thousand of the second kind and a thousand of the third kind are available.
As I think, there is no sense in waiting for a huge amount of tokens from the chests, but the very possibility of such a withdrawal is quite interesting.
Important point. A HOT+ tick is required to participate in the app. It is automatically added if the account has 1+ NEAR and removed if the funds are less. Alas. But again, you can use a feint with inputting funds at the time of using the application and withdrawing them back when it is no longer relevant. Also, you can help your friends participate in this way.
Technical information
All transactions and tokens are visible on the NEAR blockchain, you can view them here
At the moment users have received 1,946,464 HOT, which is quite a bit.
Also, only 18 users have a balance above 1000 HOT, and there are none above 10000 HOT except for the technical account.
With about 1.5 million users, according to the blockchain, this gives hope for a sane token value at the time of listing.
Why you can try it.
- No initial investment
- Easy to use (works directly in TG)
- Does not require a large amount of time
- Token issuance is quite low, unlike the same NOTCOIN
- Withdrawal of funds is already available, albeit in game form with chests
- The presence of a referral system with improved mining speed, in theory at the time of listing can attract the owners of bot farms, who will buy up tokens for the sake of rapid improvement of their own accounts. At that point, the price could skyrocket, which is not bad for profit taking
Useful links
Start mining + quick connection to my village
Useful links:
Projects I participate in (mostly related to mining in telegram and airdrop). There are articles about most of them in my profile.
