Crypto faucets are apps or websites that give away small amounts of cryptocurrency for free in exchange for completing certain missions. There can be many kinds of missions, from watching advertisements, making comments, or completing quizzes. The goal of the faucet is to introduce new people to the world of cryptocurrency and grow their interest and knowledge of digital assets.
Although the amount awarded is relatively small, this method can be an effective way to acquire a small amount of crypto assets without requiring an initial investment. Faucets are generally used by beginners in the crypto world who want to learn more before making a larger investment.
Difference between Faucet and Airdrop
Crypto faucets and airdrops are two different methods of distribution of crypto assets. Crypto faucets give away small amounts of cryptocurrency for free in exchange for completing simple tasks on an app or website.
Meanwhile, airdrop is a free distribution of cryptocurrency directly to users' wallets. This activity is often part of a promotion or launch of a new project. Airdrip's goal is to increase awareness and ownership of cryptocurrency among the wider community.
Read More Vocabulary
Whales | Bullish |
Pump and Dumb | FUD |
Bearish | OTC |
Comments
0 comments
Please sign in to leave a comment.