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Bitcoin faucets: best high paying options 2021

People familiar with the crypto industry know that the cryptocurrency popularity growth has led to the emergence of new cryptocurrency products. One of them is the so-called Bitcoin faucet. It is a reward system that gives out small amounts of Bitcoin, also known as Satoshi, to complete trivial tasks over the web. In this article, […]

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People familiar with the crypto industry know that the cryptocurrency popularity growth has led to the emergence of new cryptocurrency products. One of them is the so-called Bitcoin faucet. It is a reward system that gives out small amounts of Bitcoin, also known as Satoshi, to complete trivial tasks over the web.

In this article, let’s take a look at some of the best coin faucet options and try to determine why a faucet owner gives free crypto coin.

What is a Crypto Faucet?

The best way to describe a Bitcoin faucet is by calling it a system of reward. It is essentially a method for one to earn Bitcoin while completing tasks that the faucet site determines.

Think of a Bitcoin faucet as a leaking tap. While the leaking faucet might leak water, a BTC faucet leaks crumbs of the leading crypto asset. In essence, it leaks very small or even smaller quantities of BTC. The rewards are inconsequential at first, but it can accumulate to be something substantial if the process continues.

A Bitcoin faucet website or platform pays visitors and guests for accomplishing certain tasks. It pays in Satoshi (i.e., the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin). The money earned is free, but you’re spending time earning it. Therefore, a Bitcoin faucet platform allows people to earn the crypto asset, although in a very minute amount that later can be redeemed in a single instant payout in the form of a Bitcoin transaction.

History of BTC Faucets

The first free Bitcoin faucet was established in 2010 by Gavin Andresen. The only thing that “The Bitcoin Faucet” visitors had to do was to complete a simple captcha. In return, they were rewarded with 5 BTC in their crypto wallet. At the time, Bitcoin was still worth almost nothing, and a total of 19,700 free BTC were distributed.

When considering today’s price of a single BTC, this can be the highest paying faucet ever created. Over time, other similar cryptocurrency faucet sites were created that offered Ethereum faucet, Litecoinm faucet among others. However, they offer only a fraction of the free coin that the original faucet did due to crypto currency price increases over time.

How to earn on Bitcoin faucets? 

Users earn on Bitcoin faucets in their micro wallet by finishing tasks. The tasks can be in various forms, such as pop-ups, ads, surveys, and likes. They usually have limits on withdrawal amounts, offer referral commissions and more. Thus, the platform gives immediate BTC in exchange for users’ efforts.

As Bitcoin became popular and the millionth BTC was produced, the Bitcoin faucet list kept increasing. The increasing value of Bitcoin also meant lower bonus Bitcoin for task completion. The search for the highest paying Bitcoin faucet became common, as there were thousands of users who were eager to make a faucet claim as soon as it was available.

How do owners make money from BTC faucets?

Given the prevalence of Bitcoin faucets, it is a good question what Bitcoin faucet owners stand to gain. After all, no Bitcoin miner or holder wants to part with their hard-earned cryptocurrency, no matter how small the amount is.

The truth is that owning a Bitcoin faucet is more of a business than charity. You earn free, but in return, generate clicks and traffic for related websites such as a brand new crypto exchange, Bitcoin ATM, Bitcoin slots, or Bitcoin casino.

The original Bitcoin faucet was created for awareness and education. But today, most coin faucets have an external income model. This usually comes in the form of third-party ads selling products and services.

The external income model shares similarities with the affiliate marketing business model. Through it, Bitcoin faucet owners can make profits from running the platform or cover the costs of running it at least.

What are the highest paying Bitcoin faucets?

The search for the best crypto faucet is always popular among newcomers into the cryptocurrency ecosystem as every user is looking for a way to earn more. Over time feature sites called faucet rotators were developed. They calculate several Bitcoin faucet instant rewards for completing tasks and offer you to start with the highest paying faucets automatically. Such faucet aggregators are also called Coinpot faucets.

Therefore, let’s examine some of the best Bitcoin faucet crypto sites. Some of them also offer Litecoin faucet, among others, as an extra.

Bitcoin Aliens

Bitcoin faucets: best high paying options 2021 1

Bitcoin Alien is one of the best bitcoin faucets. Users earn Satoshis usually through the games and other fun activities through their mobile device as the faucet app is readily available to them. Users can do their daily rotation from anywhere. All they need is a mobile phone with an internet connection and a Bitcoin wallet.

It gives us up to 4000 Satoshis for each task completion. This is quite a good reward that can accumulate into something significant over time. Thus, Bitcoin Aliens is worth considering for daily rotation. Additionally, they offer a Bitcoin Cash and Litecoin faucet. Overall a great way to earn some bonus Bitcoin, Litecoin or Bitcoin Cash.

Cointiply

Bitcoin faucets: best high paying options 2021 2

This is one of the highest paying platforms offering as much as 100 000 faucet BTC coins per spin. It has a 25% referral commission for inviting a friend, and users will also get a loyalty bonus. Minimum withdrawal to your Bitcoin address also applies here.

FreeBitcoin

Bitcoin faucets: best high paying options 2021 3

In the world of Bitcoin faucets, this is arguably the most well-known name. It is considered the most used platform because of its many unique features that draw users to it.

First, it is a special Bitcoin faucet that has good rewards and offers interest for the balance of users. Beyond that, FreeBitcoin also provides faucet users with several opportunities to increase their Bitcoin balance. Such opportunities include gambling games, lotteries, reward points, etc., on FreeBitcoin; users can find something suitable for them based on their interests.

Another feature is gambling games which are good opportunities for you to increase your balance in multiples. But there is also the risk of losing all your balance. For users who don’t fancy gambling, the platform has hi-lo games and regular lotteries. The hi-lo games provide you with the chance to make as much as 1 BTC.

Are Bitcoin faucets worth it?

Given the very low returns of most BTC faucets and the efforts and time that goes into using them, it doesn’t appear to be worth the effort.

Years ago, when these faucet website platforms were first created, there were platforms that gave up to one BTC per task. Those who took advantage of it then are the real beneficiaries who are likely to be rich from it now unless they sold their gain on a cryptocurrency exchange right away.

Today, it is not entirely pointless to use the coin’s faucets. In fact, it is a matter of time and referrals to determine if you will make serious money off it. A user can create referral links, share with friends, and get rewards from everyone that uses it. Similarly how crypto exchange referrals get some of the crypto trading fees as their reward.

Also, if a user consistently earns small amounts of free Bitcoin from using the highest paying crypto faucet platforms, it might be worth something in the end. With the astronomical rise in bitcoin’s price in recent years and the wide institutional adoption, these Satoshis could be worth a lot more someday.

Bitcoin faucets also offer a risk-free avenue into cryptocurrency. Using crypto faucet practically only takes your time which means bitcoin faucets give you a shot at owning the digital gold without spending money in contrast to capital-intensive activities like Bitcoin mining.

Do BTC faucets work?

When using these platforms, all you usually need is to input your bitcoin wallet address, and you are good to go. However, you may find faucets asking for your email address. Such types of crypto faucet sites should be avoided unless there is a good reason why they would need it.

Since there is no need for your email for anyone to send you bonus Bitcoin, submitting them to a faucet may expose you to spam, phishing, viruses, and other malicious activities. Some ads you will find on some of these platforms may also contain malicious files. These are the risks you have to consider.

With the rise in Bitcoin prices and growing interest, more people are looking for how to make money on crypto and bitcoin seems like the perfect way. This is undoubtedly due to the different stories people see on the internet of how others went from rags to riches in a day due to bitcoin.

More faucets are being created daily, some offering other cryptocurrencies such as Bitcoin Cash or Litecoin as a way to distribute free coin. This is not an altogether bad thing for users because faucet owners now need to develop new approaches and create attractive offers to retain users. The problem with this variety is that it leaves the user confused and makes it difficult to find the best platform.

People planning to use the platforms must understand that these stories do not represent realities. While there are now more Bitcoin faucet offers than ever, none offers the opportunity to get rich with free Bitcoins. The only advantage they offer is the variety which allows you to go for a bitcoin faucet that suits your taste.

Preparations and precautions

Bitcoin faucets: best high paying options 2021 4

You must note that you need to have a Bitcoin wallet before doing anything on the faucets. While most Bitcoin faucets these days now have minimum withdrawal, you can’t withdraw until you reach a specific limit, and you still need a Bitcoin wallet to secure your Bitcoin.

You should also be careful about the faucet you use when looking for the highest paying Bitcoin faucets. There are so many scam websites disguised as Bitcoin faucets these days to steal your digital asset, money, or personal data. Protect yourself from them by using only sites with a strong reputation and stability

So, when searching for faucets, don’t forget that there are many scams just looking to steal your money and Bitcoin. Be cautious and only trust sites that have reputable and stable backgrounds.

Final thoughts

Earn free bitcoin is the catchphrase. When the minuscule amounts of Satoshi get added up and converted to currency, you get a sizable amount. If the overall growth of cryptocurrency markets continues over the past years, even a small amount acquired through a crypto faucet site could someday increase to a sizeable sum.

However, if you plan to use Bitcoin faucets, we advise you to create a list that will make your rotations more effective. You only need between five to ten faucets to get started, and as you get more accustomed, you can increase it. The most important thing is to play safe, and with practice, you will get better.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/bitcoin-faucets-best-high-paying-options-2021/

Blockchain

DOGE Co-founder Reveals the Reasons Behind its Price Rise

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Billy Markus, who created Dogecoin back in 2013 with Jackson Palmer has taken to Twitter (where he dwells as “Shibetoshi Nakamoto”) to share his take on the recent Dogecoin rally.

According to him, the Dogecoin market is hugely driven by emotion and sentiment. The price of DOGE in the market is moved by people’s decisions, made for their own personal reasons.

What is Moving the Price of Dogecoin in the Market? Co-founder Answered

Billy Markus developed the meme-coin DOGE back in 2013 as an imitation of Bitcoin back. The Dogecoin that was changing hands as low as $0.0026 last month is now sitting at $0.61. According to the statistics, DOGE is the fourth digital asset of the market. 

In his recent interviews with Bloomberg the founder and CEO of Galaxy Digital, Mike Novogratz, stated that,

“Dogecoin may be favored by millennials and generation Z since buying it is similar to showing the middle finger to the system. This is reminiscent of the craze over Gamestop shares.”

However, he cautioned against Dogecoin, stating that 

“There are no development upgrades for this coin, nor is there any money from financial institutions going into it.”

DOGE Wave Take Further Rise This Year

DOGE has always been seen as Elon Musk’s favorite. A significant price surge can be seen due to Elon Musk Tweets.  

The “DOGE influencer” was the first one to call it the “people’s currency,” then promised to put “literal DOGE on the literal Moon” via SpaceX. 

From the latest, Musk is preparing to make an appearance on “Saturday Night Live,” i.e. Today this weekend.

According to reporter Kate Rooney

“The newest DOGE investors particularly see Musk’s tweets as the main price pumper of the meme-coin. DOGE is making its way into online gambling markets as people are making bets about what Musk will talk about on SNL and whether it will be his favorite Shiba-Inu cryptocurrency.”

READ  Elon Musk Admits Bitcoin Cash Offers Much Lower Fees than Bitcoin

#DOGE co-founder Billy Markus #Dogecoin (DOGE) #Elon Musk DOGE support

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/doge-co-founder-reveals-the-reasons-behind-its-price-rise

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JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

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EURO 2016 champions have produced unique and authentic digital art pieces
to be auctioned online starting today
Lisbon, 7 May 2021 – European champions and Portuguese Internationals José Fonte
and Éder are the first two footballers worldwide to launch their own Non-Fungible
Tokens (NFTs), creating unique and authentic digital art pieces that will be auctioned
online. The two NFTs were made in partnership with Jedi3 and part of the revenues
raised through the auction will revert to social and community support. The creations
will be auctioned on the well-known platform of NFTs, OpenSea, starting today and
can be found here:
https://opensea.io/collection/eder-lopes-2016-european-champion
https://opensea.io/collection/jose-fonte-2016-european-champion
The creative concept of both pieces was developed by the athletes themselves together with
the project Jedi3. Fonte focused his illustration on his career path and all the obstacles he
had to overcome in order to become an international player and win EURO 2016. Eder’s
piece is a digital creation of the boot he used to score the winning goal for Portugal in the
final of the European Championship against France.
In this first launch, there will be:
● 10 limited digital editions of Éder’s right boot that scored the Euro final goal, in a
digital 3D version;
● 10 limited digital editions of an illustration that represents the path followed by José
Fonte until the title in the Euro;
● Furthermore, a “masterpiece” of Éder’s boot that will give the right to the digital item
plus the real boot he used to score the winning goal in the final.

The auction started today on the Open Sea platform and will last for a week and all
transactions will be made in Ethereum cryptocurrency. Fonte and Eder follow in the footsteps
of NFL and NBA players who have already participated in the creation of NFTs.
José Fonte talked about the launch: “Everybody follows what is going on in the US with
NFTs, and I’ve been following it too for the last few months. Some of my favourite people are
exploring this new world, this new connection with the fans. I tried to explore this connection
with the fans, to give them something that is new and authentic. This creation means a lot to
me, because the story of it is about my career, about what I’ve been through in my life. It’s
about resilience, showing determination and never giving up and showing that anything is
possible with hard work. I’m excited. I want the fans to be open minded. First of all, it’s for a
good cause as well. Part of the money will go into some foundations and institutions that we
want to help. We want to give something back to the
people, which is really important to us.”
Eder showed all his enthusiasm about this project: “It’s a fantastic world. It’s been booming
in the US because of the NFTs that have been created in the NBA. José Fonte and I expect
to be the first football players to launch an NFT in the world. An NFT is unique, has value for
the person that creates it, it’s art and I think that has a lot of value for the fans. We’ve
participated in a big victory at the Euros and I know our fans will be amazed by a creation
like this. My creation means a lot to me and to Portugal. It’s the boot that scored the winning
goal at the final and it’s really important to me. It’s something that the football fans will
appreciate. Another important reason is helping an institution that we will give part of the
funds to. It’s something important to do and a big step.”
Part of the profits from the auction of each of the pieces will revert to charities and
community institutions. Éder will benefit PAJE – platform of support to young former foster
children, association of which he is godfather and partner. Regarding José Fonte, the focus
will be the community of Penafiel, where he was born, by donating funds to the local
Firefighters corporation, where his grandfather was the 2nd Commander, to the ERPI –
Estrutura Residencial para Idosos de Penafiel, and the APADIMP – Associação de Pais e
Amigos dos Diminuídos Mentais de Penafiel. The Lille central defender will also donate
funds to support football in Portugal to institutions yet to be defined.
For João Matos Cruz, from Jedi3, “this project is born from the fusion of diverse interests of
a group of friends: football, blockchain and digital art. In a context where the technology of
distributed registration allows to protect, authenticate and promote, for example, artists’
work, or relevant moments, we felt it was time to give visibility, in the digital world, to two
iconic figures in the history of Portuguese football: Éder Lopes and José Fonte. In the first
case, through the boot with which he scored the goal of the Euro 2016 final, as a
masterpiece of a moment of collective transcendence. In the case of José Fonte, illustrating
his path that was also one of overcoming, of constant struggle against adversity, until the
final consecration as European champion.”
What are NFTs?
A non-fungible token (NFT) is a type of cryptographic token on a blockchain, which
represents a unique asset. They can be fully digital assets or tokenized versions of
real-world assets. As NFTs are not interchangeable with each other, they can act as proof of
authenticity and ownership in the digital realm.
There are numerous success stories of sportsmen or sports-related individuals who have
launched their own NFTs in recent months in the US. The mythical quarterback Tom Brady
will even launch a platform for the creation and sale of NFTs called “Autograph” where he
promises to bring together several well-known names from the music, fashion and
entertainment industries. Those who have already launched their own NFT’s include Patrick
Mahomes, the 2020 NFL champion and Zion Williamson, one of the NBA’s most promising
stars.
The value of an NFT derives from the story that is told, what gave rise to the NFT and who
actually issued it. It is a certificate of authenticity per se, identified by a unique,
non-falsifiable “contract address”.
The technology used for this purpose, blockchain, thus allows a direct and decentralised
interaction between athletes and their digital admirers / followers. In this case, these players
become stars, also, in the digital world, directly launching tokens, whose artistic and
authentic character, guarantees their buyers a unique collector’s item.

Continue Reading

Blockchain

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Avatar

Published

on

EURO 2016 champions have produced unique and authentic digital art pieces
to be auctioned online starting today
Lisbon, 7 May 2021 – European champions and Portuguese Internationals José Fonte
and Éder are the first two footballers worldwide to launch their own Non-Fungible
Tokens (NFTs), creating unique and authentic digital art pieces that will be auctioned
online. The two NFTs were made in partnership with Jedi3 and part of the revenues
raised through the auction will revert to social and community support. The creations
will be auctioned on the well-known platform of NFTs, OpenSea, starting today and
can be found here:
https://opensea.io/collection/eder-lopes-2016-european-champion
https://opensea.io/collection/jose-fonte-2016-european-champion
The creative concept of both pieces was developed by the athletes themselves together with
the project Jedi3. Fonte focused his illustration on his career path and all the obstacles he
had to overcome in order to become an international player and win EURO 2016. Eder’s
piece is a digital creation of the boot he used to score the winning goal for Portugal in the
final of the European Championship against France.
In this first launch, there will be:
● 10 limited digital editions of Éder’s right boot that scored the Euro final goal, in a
digital 3D version;
● 10 limited digital editions of an illustration that represents the path followed by José
Fonte until the title in the Euro;
● Furthermore, a “masterpiece” of Éder’s boot that will give the right to the digital item
plus the real boot he used to score the winning goal in the final.

The auction started today on the Open Sea platform and will last for a week and all
transactions will be made in Ethereum cryptocurrency. Fonte and Eder follow in the footsteps
of NFL and NBA players who have already participated in the creation of NFTs.
José Fonte talked about the launch: “Everybody follows what is going on in the US with
NFTs, and I’ve been following it too for the last few months. Some of my favourite people are
exploring this new world, this new connection with the fans. I tried to explore this connection
with the fans, to give them something that is new and authentic. This creation means a lot to
me, because the story of it is about my career, about what I’ve been through in my life. It’s
about resilience, showing determination and never giving up and showing that anything is
possible with hard work. I’m excited. I want the fans to be open minded. First of all, it’s for a
good cause as well. Part of the money will go into some foundations and institutions that we
want to help. We want to give something back to the
people, which is really important to us.”
Eder showed all his enthusiasm about this project: “It’s a fantastic world. It’s been booming
in the US because of the NFTs that have been created in the NBA. José Fonte and I expect
to be the first football players to launch an NFT in the world. An NFT is unique, has value for
the person that creates it, it’s art and I think that has a lot of value for the fans. We’ve
participated in a big victory at the Euros and I know our fans will be amazed by a creation
like this. My creation means a lot to me and to Portugal. It’s the boot that scored the winning
goal at the final and it’s really important to me. It’s something that the football fans will
appreciate. Another important reason is helping an institution that we will give part of the
funds to. It’s something important to do and a big step.”
Part of the profits from the auction of each of the pieces will revert to charities and
community institutions. Éder will benefit PAJE – platform of support to young former foster
children, association of which he is godfather and partner. Regarding José Fonte, the focus
will be the community of Penafiel, where he was born, by donating funds to the local
Firefighters corporation, where his grandfather was the 2nd Commander, to the ERPI –
Estrutura Residencial para Idosos de Penafiel, and the APADIMP – Associação de Pais e
Amigos dos Diminuídos Mentais de Penafiel. The Lille central defender will also donate
funds to support football in Portugal to institutions yet to be defined.
For João Matos Cruz, from Jedi3, “this project is born from the fusion of diverse interests of
a group of friends: football, blockchain and digital art. In a context where the technology of
distributed registration allows to protect, authenticate and promote, for example, artists’
work, or relevant moments, we felt it was time to give visibility, in the digital world, to two
iconic figures in the history of Portuguese football: Éder Lopes and José Fonte. In the first
case, through the boot with which he scored the goal of the Euro 2016 final, as a
masterpiece of a moment of collective transcendence. In the case of José Fonte, illustrating
his path that was also one of overcoming, of constant struggle against adversity, until the
final consecration as European champion.”
What are NFTs?
A non-fungible token (NFT) is a type of cryptographic token on a blockchain, which
represents a unique asset. They can be fully digital assets or tokenized versions of
real-world assets. As NFTs are not interchangeable with each other, they can act as proof of
authenticity and ownership in the digital realm.
There are numerous success stories of sportsmen or sports-related individuals who have
launched their own NFTs in recent months in the US. The mythical quarterback Tom Brady
will even launch a platform for the creation and sale of NFTs called “Autograph” where he
promises to bring together several well-known names from the music, fashion and
entertainment industries. Those who have already launched their own NFT’s include Patrick
Mahomes, the 2020 NFL champion and Zion Williamson, one of the NBA’s most promising
stars.
The value of an NFT derives from the story that is told, what gave rise to the NFT and who
actually issued it. It is a certificate of authenticity per se, identified by a unique,
non-falsifiable “contract address”.
The technology used for this purpose, blockchain, thus allows a direct and decentralised
interaction between athletes and their digital admirers / followers. In this case, these players
become stars, also, in the digital world, directly launching tokens, whose artistic and
authentic character, guarantees their buyers a unique collector’s item.

Continue Reading

Blockchain

Crypto.com Now Enabling Cosmos’ Inter-Blockchain Communication Functionality for Cross-Chain Transfers

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Hong Kong-based Crypto.com announced on Thursday it is now enabling Cosmos’ Inter-Blockchain Communication (IBC) functionality for cross-chain transfers. According to Crypto.com, According to the duo, this integration creates new capabilities for future cross-chain implementations of the Crypto.org Chain and other IBC-enabled chains. 

The integration allows for the transferring and receiving of assets (tokens) and data using the ICS20 standard on the Crypto.org Chain Mainnet.  IBC assets will be available in the Bank module of the Crypto.org Chain, and CRO on other IBC-enabled chains.”

Cosmos and Crypto.com further revealed as part of its development on IBC, the project will create a bridge between Crypto.org Chain to Ethereum protocols, bringing on board Ethereum developers as innovative projects to the Crypto.org Chain ecosystem. Sharing more details about the integration, Eric Anziani, COO of Crypto.com, stated:

“The Inter-Blockchain Communication Protocol (IBC) enables self-sovereign networks to connect, which will lead to building a strong ecosystem of networks thanks to the flexibility and open nature of IBC. The IBC launch marks the end of “network tribalism”. It also aligns with one of Crypto.org Chain’s goals of building  an open ecosystem — one that is welcoming to and supported by innovative projects, including Payments, DeFi and NFT initiatives.”

Founded in 2016, Crypto.com serves over 10 million customers today with its crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet.

“Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175098-crypto-com-now-enabling-cosmos-inter-blockchain-communication-functionality-for-cross-chain-transfers/

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