A faucet is a reward mechanism that allows users to earn a small amount of cryptocurrency for free. However, to get these rewards, users must complete specific tasks. Usually, the tasks involve watching product advertisements, solving quizzes, and completing a captcha. It is often an effortless method to earn crypto assets because it doesn’t requires skill.
Meanwhile, the reward depends on the complexity of the tasks. After completing this task, users will receive the rewards in their wallets.
Faucets were popular when the crypto industry was just developing and popular a few years ago. Faucet is a method to give away crypto for free so people want to participate and invest Nowadays, taps are being used more and more to distribute gas tokens on new testnets or blockchains.
Learn more about blockchain and how it works in the following article.
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A cryptocurrency invented in 2008 by a pseudonymous developer named Satoshi Nakamoto.