If you enjoy running simple online tasks like registering on a new site, taking surveys, and posting referral links while getting paid, then the concept of a crypto faucet will appeal to you.
A crypto faucet is a website or a mobile app with an easy-to-use interface that allows users to perform simple to complex online tasks on their devices and earn cryptocurrencies as rewards from the comfort of their homes.
The idea behind the name “faucet” relates to a leaking faucet that will fill a bucket after some time. So, crypto faucets enable you to earn small amounts of cryptocurrency, which over time becomes compounded, and you can make potential returns when you sell them on crypto exchanges. How did the crypto faucet come about?
The first crypto faucet, a Bitcoin faucet, was created in 2010. The Bitcoin faucet was a massive success as users were rewarded up to 5btc for performing simple online tasks. In its years of operations, it distributed close to 20,000 BTC to users.
.
