What is Faucet

Crypto Faucet is a website or App that rewards users with a small number of assets after they complete certain tasks. The earliest faucet was launched by a lead developer of Bitcoin called Gavin Andresen in 2010. The faucet distributed 5 $BTC (Real $BTC, not test coin) to each user who finishes a simple captcha. Eventually, the faucet gave out 19,715 $BTC for free, bringing initial users to the Bitcoin network.

How does Crypto Faucet work?

Crypto Faucet allows users to earn cryptos by performing simple tasks such as finishing a quiz or survey, sharing posts on social media, watching videos, etc. Just like collecting drops from a leaky faucet. 

Generally, the rewards will be directly sent to users' crypto wallets. But some projects might set up a minimal withdrawal barrier. Therefore, users need to repeat the tasks to get the rewards (it could be time-consuming).

What is the purpose behind Crypto Faucet?

First, Crypto Faucet is educational. It lets people learn about crypto or a project, just like Bitcoin Faucet. Then, it can be used as a marketing tool for emerging projects. They can expand their awareness by setting up marketing tasks, such as sharing posts. Crypto Faucet is widely used on the blockchain testnet. The project will spread tokens for people to experience their new products or functions on the testnet.

What is the difference between Crypto Faucet, Airdrop, and Bounty?

Both Crypto Faucet and Airdrop will reward users with tokens after they satisfy certain requirements. The main difference between them is that airdrops generally present bigger rewards. But it could be useless, mainly depending on the value of the airdropped token.

As for bounties, it tends to be more work-oriented. The project might ask the public/community to complete some tasks with one-time rewards, such as bug bounty, community assistance, translation, etc.

Some useful Crypto Faucets

• Ethereum Testnet Goerli Faucet

To get the test $ETH on Goerli Testnet, users need to send a tweet or post on Facebook with the Ether address in the content and then use the URL of the tweet or Facebook to get the reward.

• Sepolia Faucets

With the Sepolia faucet, users simply enter their address or ENS and complete a simple verification code to receive the reward for the test.

• SUI Testnet

To get the devnet SUI, the user needs to visit the #devnet-faucet channel on the project's Discord community and send the message "faucet! + wallet address"

You might also be interested in the following information:

• What is Airdrop?
• What is Ethereum?