Faucet
By CoinGecko | Updated on Apr 09, 2020
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time. Certain sites that monetize faucets involve requiring users to watch advertisements, or complete certain actions before earning their rewards.Faucets are commonly used during the early days of Bitcoin where users are able to request for Bitcoin for free, or in many different altcoins as a marketing move to get users interested in the coin.
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Related Terms
Zero Confirmation Transaction
Another name for "unconfirmed transaction"
Central Ledger
Central data repository of a company or bank
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
All-Time-Low (ATL)
The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.
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