In early 2024, Notcoin attracted the attention of Telegram users eager to mine NOT. The success of the project was so sudden that soon numerous imitators or projects with other different mechanics began to appear, but the possibility of earning money, as an example, Catizen.
One of the alternative options for the sensational Notcoin is the NEAR Wallet, which operates on the NEAR blockchain and is available in the Telegram Web App. The project is actively supported by the creator of the network, Ilya Polosukhin.
NEAR Wallet is a non-custodial wallet that runs as a web application on Telegram and supports NEAR network assets, including HOT tokens. This is the first time the token has been used as a cryptocurrency.
How to create a NEAR Wallet wallet?
Wallet NEAR allows users to send, receive, and stake NEAR tokens. In order to take advantage of these features, you need to create a wallet in the bot. Let's get started.
- First you need to create a NEAR Wallet. This can be done using the official bot NEAR Wallet – mine HOT.
- Type /start and select Open Wallet.
- Select Log in to import an existing wallet if you have one.
- To create a new wallet, select Create new account. At this stage you will be asked to generate a seed phrase. Write it down on paper and don't give it to anyone. Seedphrase is a unique sequence of 12 English words. If someone gets access to your seed phrase, they will be able to control your funds, so be careful not to show it to anyone.
- A wallet address will be created automatically based on your Telegram nickname.
- After registration is completed, a bonus in the amount of 0.01 HOT will be credited to the user’s HEAP wallet. In addition, HOT mining will start automatically immediately after creating the wallet.
How to start mining HOT
After creating NEAR Valet, you will be taken to the main menu. To activate mining, you need to click on the “Claim” button. That's all you need to do to get started. Token mining will continue even in your absence, but at the initial stage you will need to log in every 2 hours and collect coins by pressing the “Claim HOT” button, since during this time the storage will be completely filled.
There will be a gas fee to collect HOT tokens since all transactions in NEAR Wallet are real and require some costs to confirm the transaction on the blockchain. You can pay for gas in the following ways:
- Free transactions (initially 3 free transactions will be available, their number can be increased by completing tasks such as subscribing to social networks).
- Payment in NEAR tokens (just top up your wallet with a few tokens, this will be enough to cover the commission for a long period).
- Payment with HOT tokens (a free method in which the network fee will be deducted from the tokens earned, but on a long-term basis it is more profitable to pay for gas using NEAR).
All about boosts and NEAR Wallet storage
We remind you that at first the storage can receive tokens for no more than 2 hours with a frequency of 0.01 HOT per hour. After this, the mining process is suspended until the tokens are collected. To increase storage filling time and increase mining speed, the application provides various improvements:
- Storage (extends storage filling time);
- Fireplace (increases the speed of receiving tokens);
- Wood (a multiplier that accelerates HOT mining).
Storage
There are six storage levels. It is recommended to upgrade it no more than two or three times, since you will have to log into the game a little more often (every 4-6 hours), but at the same time you will spend less on upgrades and, accordingly, accumulate more HOT tokens.
Fireplace
This is one of the most important parameters, as it allows you to receive more HOT tokens per unit of time. The base mining speed is 0.01 HOT per hour, however, using the same tokens you can increase the mining speed by improving the level.
Wood
Used to perform special missions that significantly speed up the mining process. Completing each mission allows you to rise to a new level, increasing the coefficient, which is a multiplier for the level of the Fireplace. Tasks can be completed in any order. At the moment, there are six levels (with multipliers from 1 to 2.5) and four tasks.
History and prospects
The project launched on January 31, 2024 and attracted 200 users in the first day and a half thanks to almost free HOT mining. NEAR Wallet is essentially a lightweight version of HERE Wallet for mobile devices. The developers probably have high hopes for the Telegram version, otherwise the NEAR Foundation would not promote the application on its social networks.
It is noteworthy that the project quickly received the support of the largest cryptocurrency exchanges, such as Binance, Gate.io, OKX, which announced the possibility of using their platforms to deposit funds in the NEAR network. There are also rumors that the tokens will be traded on WhiteBit with Bingx.
In an interview with Incrypted, the head of HERE Wallet, Peter Volnov, noted that over 470 users have registered accounts with NEAR Wallet, of which more than 000 are engaged in HOT mining daily. This is a new record for the NEAR ecosystem. Therefore, for many users the question of how to download NEAR Wallet and how to use it becomes relevant.
Near Wallet Affiliate Program
Attracting new users is the most effective method of increasing tokens in the NEAR Valet wallet. For each referral mark you will receive 20% cashback and 5% for each second-level referral mark.
- 20% income from first level referrals
- 5% income from second level referrals
Villages
On February 10, a new method of mining HOT was launched together with the community in the villages. An active participant creates his own village and invites friends and other users there. Each time a new villager is recruited, 5% of the amount is sent to the village's general fund in the form of a bonus. Subsequently, these funds can be divided among participants or used to develop the community.
In fact, the process is quite simple and straightforward. Be sure to re-read the manual if you still have questions; we tried to present the information as clearly as possible. In a nutshell: log into the bot, mine and accumulate HOT tokens, complete all available tasks, and also hope to receive an airdrop for activity and see a favorable price on listings.
NEAR Wallet: how to withdraw money
No one will admit it to you, but at the moment the mined Hot tokens can be spent on upgrading your mining: improving storage and farming speed. It can also be used to complete developer tasks, for example, recently it was possible to register in the MPC wallet by blocking 1 HOT. In the near future, the opportunity to withdraw or convert to other cryptocurrencies will definitely appear. According to unofficial information, this is a month/one and a half. Unofficially, the coin is already trading at around $4. So.. Don't miss the chance to make money :)
Hack and predictor Aviator
The rapid rise in popularity of NEAR Wallet has once again demonstrated high demand for simple ways to earn tokens without investing money, such as Virtues or Blum. Like Notcoin, this application opens up great prospects for promoting blockchain technologies in Telegram.
Mining HOT attracts many new users to the NEAR wallet. However, the question arises: will it be possible to retain the audience after the termination of the distribution of tokens? In any case, this marketing strategy proved to be very successful during the product launch phase.
