[REDACTED] 2024 | Workshop Launching HOT Protocol on Mainnet

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

1. 0:01

   okay uh hello everyone nice to see you here so my name is Nick I'm a co-founder of previously known here wallet well this still this app still exist of course but now we mostly known as a hot wallet uh and mainly we are a m Well for now we are a multichain wallet inside Telegram and we are building a hot protocol but here since a since it's a near Conference of we want to talk more about how hot impacts the near ecosystem

2. 0:36

   so before we start um I'd really like to know a little bit more about like who I'm talking to so I want you to raise a hand if you heard about here wallet before like this uh before we launched hot inside telegram okay that's nice nice uh and I wanted to raise a hand if you just seeing for the first time okay a couple of hands I see here okay got it got it so okay um we made some exercises I think you feel a little bit better because it was a pretty long day yesterday and it's the second day of

3. 1:14

   the conference I understand that um also we were just joging before this presentation on like everyone who hasn't joined us today we'll got a rotten wood inside hot uh if you know what I'm talking about so I think let's start and the goal of the today's presentation is to tell you more uh about um well hot in particular hot protocol in particular and what and why actually projects that

4. 1:46

   are coming to near uh should in the first place go to us to see what we can what we can do for for them so let's move on to I'll show you some metrics so right now we have 30 million users total 2.5 million plus users with $1 balance and 5 million plus monthly active users that's the total metrix uh overall in the on the all of the chains that we are working with uh but the thing is we are

5. 2:18

   top one or two app D app radar for the last eight months so any day you open the DI radar you will see us at the top uh for the mon amount for or most amount of unique active wallets um so what's the what's hot right now hot is a group of products around the idea of scaling the chain obstruction right now we have hot telegram wallet which is mainly a multi-chain wallet right inside telegram uh it can be created in just a few clicks and can be accessed through the

6. 2:57

   uh through uh the telegram but uh and also we have a hot scan which is a which is an Explorer for our hot protocol and two products are coming next it's a browser extension which is coming uh probably next month and the marketplace uh Marketplace is something new that we haven't showed before publicly uh but we have a note of that on our website Marketplace will allow users to uh basically to sell their

7. 3:29

   accounts we I think we will touch on that uh as soon as we will like release a public make a public release but it's coming next um moving forward uh so we have our own chain signature protocol over near and a couple of weeks ago we have released our hot Bridge which has been uh a by haken so uh basically it's a less than 30 seconds bridge between Networks um you heard a lot about that

8. 4:02

   on from the stage from Bowen like uh an hour ago uh he and of course like from other speakers uh basically we have integrated the hot Bridge right inside your right inside our wallet a bridge takes less than 30 seconds and the gas cost is I think one of the lowest on the market right now talking more about near EOS system I would like to touch on that so currently 50,00 th accounts are being on boarded to near every day just through us and as

9. 4:35

   you can see here's a tweet we cover almost 50% of all of the transactions inside near ecosystem uh so as I mentioned at the very beginning that's basically why you should uh talk to us at the first place if you're joining year or building a product on year uh you feel free to reach out so we can discuss something in details um more Matrix is 1.2 million plus users with one $1 plus balance on

10. 5:01

    near currently so uh that's what we're doing right now uh also I would like to touch on the mic coins and nfts that we we are launching inside our wallet so currently it's some of the top mimic coins and their holders so it's almost one and a half million users holders in total of these two mic coins if we are talking about the nfts uh here are the here is the turnover for uh the nfts collection and that these nft collections were launched on year and these are currently the

11. 5:38

    biggest NF one of the biggest nftd collections on year also uh we have launched a yesterday basically not yesterday this night uh we have launched a collection from me which is also known here as a project inside near uh we have a partnership with them and the collection of 3,000 nfts were sold out in 91 second uh there were 0 ns7 18.7k transactions uh in this period of time so uh I think I gave you a brief description of what we are doing and

12. 6:19

    let's dive into into some I'd say not very technical stuff but I want to show you like what's our goal what we are looking forward and what we want to do we want to build a product where the hot is like binance but decentralized uh you've heard that multiple times I think from multiple projects today but what we do different is that we have already launched a lot of stuff hot protocol currently uh unites all of these that you can see on the on the slides so we were first to

13. 6:53

    launch only tokens over chain signature that I mentioned before uh and also we were first to lach working chain signature protocol to that scale to other networks uh and of course it's a t fa and changeable seat phrase on evm chains that has not been introduced by uh any product yet uh and soon it will be it will appear in our wallet also Omni tokens that can be used for gas free swaps and as I mentioned uh for less

14. 7:25

    than 30 seconds Bridges um one of the interesting things that we have inside the wallet is the fire drops and 5.5 million of uh onchain fire drops have been distributed to users that's a mechanism where an influencer or just basically a regular person can make a job to an audience and by the way by the end of this presentation you will see a QR to claim the fire job by yourself so we will see it in action and the cool thing about that

15. 7:58

    when user receives a fire drob they can withdraw this job to any chain so basically uh imagine if you're receiving a usdc from your favorite influencer and you can get it on any chain that we support uh here on the screen it's like pnb salana and near uh and every number uh that we have achieved was earned through a special mechanic that we have implemented inside the app and um I've got a lot of questions through uh this conference

16. 8:32

    like how did you how did you achieve these numbers so basically we have earned a million users first million users in just like as last than 10 days how did that happen because previously we've been known as a here wallet here wallet was a one of the main uh products inside the near ecosystem and it still is but we have rebranded it to hot wallet and we jumped from 200,000 users to 30 million in just eight months so

17. 9:04

    I've been asked like how did you achieve that and the answer to that is we have implemented T to earn mechanic that allowed us uh well basically that's a marketing mechanic that allowed us to unboard users from web 2 to uh basically web 3 users land uh on this page as a like mining mechanism of token and then uh we on board them through different mechanics like uh missions and stuff but they basically when they start to

18. 9:36

    interact with our mining mechanism they are already in the rap three because every claim that user made uh that user makes inside our wallet is an onchain transaction uh moving forward uh talking about more about the security uh cot wallet currently is an MPC wallet and all know are independent and hosted by trusted validators you can see them on the screen um hold basically is created to

19. 10:08

    be secure so validators do not know the full address of the wallet and full transaction that they're signing all messages between users and nodes are endtoend encrypted and user restores his address and signature on the device currently we support near ethereum Salat Tron BNB and B uh also so other ebm chains that you that uh you can find inside the wallet we haven't shown them here but well there are more to

20. 10:38

    come uh talking about the stuff for developers so if you're interested in working with us uh we have uh a sign a API for smart contracts we have a wallet SDK we have wallet extensions so feel free to reach out so we can see what we can build together and well basically this is is it the uh I wanted to give you like a brief description of what we are doing here's a QR code uh you can scan it with your phone uh and it will open an telegram bot that will allow you

21. 11:12

    to claim a fire drob uh that we are doing also you can see here the our well mine specifically Twitter and telegram feel free to reach out and our links to the bot and to the main Channel thank you