What is a crypto faucet for in the blockchain ecosystem?
Paying for blockchain fees can be tricky if you do not have enough tokens. Luckily, the crypto faucet is the perfect solution for you.
What is a crypto faucet?
Faucets are a simple and easy-to-use tool for all users of the crypto ecosystem. With it, users who need it can request a few tokens to start operating on new blockchains. It is very useful both for new users and for those experts who want to get out of their comfort zone and want to operate on new chains.
The purpose of these free tokens is to make it easier for everyone to pay the requested fees to perform transactions or swaps, no matter if these tokens are used within the blockchain or are sent to other blockchains through bridges.
Note that faucets are free, that is, the user is not required to make any payment, they are only asked to perform simple tasks in return.
Knowing which are the best faucet apps that pay the most or which is the most profitable faucet is difficult to say, since there are lots of free faucets that you will find for each type of blockchain. Choosing between faucets will just depend on the needs to be covered. For example, if you want to operate on Polygon, whatever type of transaction you want to make, you will need MATIC to pay the fees. In case that you do not have enough tokens, instead of buying MATIC through an exchange and sending it to your wallet to pay the fees, you can use a MATIC faucet.
What are the risks of using a faucet for getting crypto assets?
Whenever you provide sensitive information, such as your own wallet, ensure you do so in a secure environment. There are different threats that can compromise any type of private information and endanger your funds, such as phishing scams, for example.
There are fake pages and links that apparently offer the same services as the faucet whose sole objective is to obtain your private keys and drain funds from users. For this reason, a preliminary investigation should be carried out before accessing any faucet. Check other users’ opinions and any news that may trigger alerts, their social media, or the reputation in terms of the services it has offered or currently offers.
Types of crypto faucets
There are two main type of faucets, those that have been created in order to provide tokens of a specific cryptocurrency, and those that offer support for cryptocurrencies from different blockchains.
1. Single faucet
Single faucets are those that provide tokens from a single project, they are designed to send users a single type of token. To do this, it is necessary to perform simple tasks such as filling in a captcha or following certain accounts on social networks. There are more complex ones, which will require you to see an ad, for example.
2. Multicoin faucet
This type of faucet offers an all-in-one. From a single interface, the user has access to the faucets of different blockchains. To request their tokens, as in single faucets, users will only have to connect their wallet to the faucet of the network in which they want to operate, and carry out the pertinent tasks, simple or complex.
Who creates these faucets and for what purpose?
Most of these faucets are born at the hands of private companies providing services within the field of crypto in order to benefit their users. At the same time, they make known the products of the blockchain networks that they support.
The only purpose is to offer a contribution to the community and achieve greater visibility in the crypto ecosystem.
Introducing Stakely's Multicoin Faucet
Stakely has launch a Multicoin Faucet, a tool designed to provide automatic and decentralized help to the crypto community at no cost.
By connecting your wallet to the faucet of the chain you are interested in, you will be able to receive the tokens you need to pay the network's fees. To guarantee the correct use of the faucet, our system scores the user's eligibility based on key factors that prevent fraudulent use of the tool.
If a user receive an error message, it means that he or she didn't meet some of the requirements.
Stakely's Multicoin Faucet is supported by Stakely’s funds, project donations, user donations and rewards generated by staking services. Delegate to Stakely when staking your tokens to contribute to the funding of this tool.
How to use the Multicoin Faucet?
And much more! Remember, use this crypto faucet responsibly so that the whole community can benefit from its advantages!
