I’ve mentioned this in the past, but since Near is gaining traction I thought that I would speak of it again…
I have been mining a token called HOT within the Near Wallet on Telegram.
It’s really simple and easy to do, and it could result in an airdrop.
TLDR: create wallet in telegram, start mining $hot and enjoy rewards.
Overview directly from inside the wallet:
- NEAR Wallet is the next generation Telegram wallet. Create account to use crypto and earn HOT.
- Is it a real wallet?
- Absolutely! Creating an account means you’re setting up an account on the NEAR blockchain. It’s fully functional, allowing you to store, send tokens, or export your account to any other wallet.
- What’s HOT?
- HOT is the centerpiece for the Telegram Near wallet with a fair launch. Just create an account to start mining HOT.
Using the Wallet
Using the app is pretty straightforward, and takes hardly any time.
The first step is to go here and set up your wallet within Telegram.
Making sure you keep your seed phrase in a safe place is one of the most crucial things when it comes to creating new wallets, whether it’s through this app or through some other one. The app will warn you about this when you are setting up your wallet.
Once set up, you let your storage fill up.
Once it’s full (or even before) you can claim the HOT. Each claim is a transaction on the Near blockchain.
The best strategy to maximise HOT accumulation is to use the mined HOT to get all the boosts available within the app as early as possible These will allow the HOT to accumulate faster and allow for claim less often.
You can see the available boosts below.
Storage and Fireplace upgrades are paid with the HOT you earn.
However, when it comes to upgrading the wood, that’s where things change a little bit. You complete the missions listed in the wood section to upgrade it – giving you a mining multiplier.
Using the app doesn’t require any capital. However, to upgrade the wood, users need to deposit NEAR into their wallet (to complete the deposit 0.5 NEAR mission) and then convert it to USDT (to complete the deposit 1 USDT mission).
Sure, completing these two tasks incurs a low cost but could pay off in the long term.
That’s about it. Rinse and repeat. Potentially get an airdrop from (barely) anything!
P.S. As mentioned, every HOT claim is a transaction on the Near blockchain. You get a certain amount of gassless (free) claims. After that they are still free for those that don’t want to deposit NEAR into the wallet, but the app takes a 30% cut from your HOT mining. However, if you have NEAR in the wallet, each claim is roughly 2 cents (depending on NEAR’s price at the time) and the app does not take the 30% cut.
Not financial advice. Do your own research.
