NEW MINING APP: HOT Coin

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8 Feb 2024
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How to mine HOT Coin?
HOT

HOT is a central piece of the NEAR ecosystem inside Telegram. Because of meta-transactions, using HOT lets you do real transactions on the blockchain, play games, and pay for transfers. It is the first FT that has the functionality of native L1 blockchain tokens.
In the future, HOT won’t just work with NEAR Ecosystem. After something called Chain Abstraction starts in Q2 2024, you can use HOT to do transactions on Ethereum and other networks like Ethereum.
You can learn all the basic functions of the wallet here

How to start mining HOT

The mining process starts when you create a wallet and get your first free HOT when you click “Claim”.
After you have received your first HOT the mining process starts, but it will stop when the Storage bar fills up.

Storage

First, you have a tiny fire, and every 2 hours you need to make sure it doesn’t go out. For this purpose, there is a Storage indicator. Once this indicator is full, HOT will stop mining until you claim them.
Initially, Storage is only enough for 2 hours of mining, but you can pump it up by using HOTs to increase the time of uninterrupted mining.
There are a total of 6 levels of Storage:

  • 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 — Gold Storage — 24 hours — 10 HOT


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