# NEW 🔥$HOT mining live NOW By [Crouch END Cinema](https://paragraph.com/@crouch-end-cinema) · 2024-02-17 --- **$HOT** -------- **$HOT is a central piece for 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'll be able to use $HOT to do transactions on Ethereum and other networks that are like Ethereum.** ### **How to start mining HOT ?** **The mining process starts as soon as you create a wallet and get your first free HOT when you click "Claim". So You can learn all the basic functions of the wallet step by step here. It's important to understand that the wallet is self-custodial, meaning only you have access to your funds. This is its key advantage and what sets it apart from competitors.** **Creating a wallet** : ----------------------- ![pic 1](https://storage.googleapis.com/papyrus_images/4dfa065183b10078ae3eb8114d9b50d39aa71e18bda4d5fc1e6b49d2ecd7b79e.png) pic 1 1. \*\*Click on [Create new account](https://t.me/herewalletbot/app?startapp=273745) \*\*✅ 2. **Come up with a wallet address and click "Continue".** **You can also import an existing account via the "Log in" button.** **Seed phrase :** ----------------- **How to send tokens** **Before you send tokens, you need to add NEAR to your balance. NEAR is used to cover transaction fees. NEAR Protocol fees are approximately $0.001. Learn how to add funds in this article.** ![pic 2](https://storage.googleapis.com/papyrus_images/3aa3050958b4c3519e585c52e958d676a13a853d0e4f4b5c821ae232d00872d8.png) pic 2 **The most crucial step is to save your seed phrase. A seed phrase is a simple set of words that allows you to recover your crypto wallet.** **Click on Settings -> Save seed phrase.** **We recommend writing it down on paper and keeping it in a secure place. Never lose it, and never show it to anyone (even us). Anyone with access to these 12 words can access all the tokens in the wallet.** ### **How to start mining** 🔥\*\*$HOT\*\* **The mining process starts as soon as you create a wallet and get your first free HOT when you click "Claim".** ![pic 3](https://storage.googleapis.com/papyrus_images/ab74ff971087a9ed273ebf5e9362608a0526e76ab12b1ad8f6e4851355cf0ee7.png) pic 3 **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 very small 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** **Mining Speed** ---------------- ![pic 4](https://storage.googleapis.com/papyrus_images/6934e82dd1ad1f690432bf1f11936670dc4ed271805efddb4c9b5e28926a9377.png) pic 4 **The more HOT you have, the better! So the most important thing is the speed of mining. There are 3 ways to increase it:** ### **Fireplace** **The Fireplace is responsible for the basic speed of mining HOT, and you can level it up just like Storage using HOT.** **There are 5 levels of Fireplace in total** * **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** ### **Wood** **Woods are used to significantly boost HOT mining, specifically designed for the most active users who are ready to dive deep into the NEAR Protocol ecosystem with us. To get the multiplier, you need to complete various missions.** ### **Referral system** ![pic 5](https://storage.googleapis.com/papyrus_images/1e3d20e503438600bd831402893cda4c02c9a0a4c66e002884c395282e7bf65b.png) pic 5 **The most effective way to mine HOT is by inviting friends. We've set up a two-level referral system. You get an extra 20% after each claim made by your direct referral and 5% after each claim made by those invited by your referral.** **To invite a friend, click on "Friends" and send the link to your friend.** **Claim HOT** ------------- ![pic 6](https://storage.googleapis.com/papyrus_images/5012e9af566d4a8115a80968c8117ba137d7c140b4104e285c62776a32102435.png) pic 6 **$HOT** is indeed recorded on the blockchain (on-chain) once you claim it. For each **$HOT** claim, you need to pay a network fee, also known as gas. However, since we use the NEAR Protocol, network fees are very low (around **$0.005**) and are deducted for each transaction in the $NEAR token. Initially, you have 3 free transactions (we cover the gas for you). However, afterward, to claim HOT, you have 3 options: Initially, you have 3 free transactions (we cover the gas for you). However, afterward, to claim HOT, you have 3 options: **Top Up NEAR** Simply add NEAR to your address. **Cover gas-fee in $HOT** We caution that you can do this, but it's more cost-effective to use NEAR for covering network fees. **Complete Missions** Complete special missions and earn free transactions. **How to send tokens** ---------------------- **Before you send tokens, you need to add NEAR to your balance. NEAR is used to cover transaction fees. NEAR Protocol fees are approximately $0.001. Learn how to add funds in this article.** ![pic 3](https://storage.googleapis.com/papyrus_images/f3e38c9c5bca8707976473813fb8405d5cff573ae0962e7d8fc247b395fb6c33.png) pic 3 1. **Press the "Transfer" button.** 2. **Enter the recipient's address.** 3. **Choose the token you want to send.** 4. **Enter the amount of tokens.** 5. **Click "Transfer."** **Wallet address** ------------------ **NEAR Protocol supports a named address fomat for wallets, so this will be a real address on the blockchain that all exchanges and wallets support.** **To view your address, click on the QR code icon at the top. To refresh the balance, tap on the three dots at the top right, and click "Reload Page."** **Conclusion** -------------- **As you can see, the wallet already has basic features. However, we have many cool features planned to build a decentralized world on Telegram with NEAR Protocol.** --- *Originally published on [Crouch END Cinema](https://paragraph.com/@crouch-end-cinema/new-hot-mining-live-now)*