Faucet

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A faucet in the blockchain world is a system that distributes small amounts of cryptocurrency for free, often as a way to introduce users to a particular digital asset or blockchain network. These faucets typically require users to complete simple tasks, such as solving captchas or interacting with a website, in exchange for receiving small crypto rewards. Originally, faucets were used to promote Bitcoin adoption by distributing small fractions of BTC to users when the cryptocurrency was still relatively unknown.

Today, faucets are used across various blockchain ecosystems to help newcomers get started with transactions without needing to purchase crypto. They are beneficial for testing networks, such as Ethereum testnets, where developers and users can claim free tokens to experiment with smart contracts or decentralized applications. While faucet payouts are usually minimal, they remain a valuable tool for onboarding users into the world of cryptocurrencies.

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